How to name beneficiaries and fund a trust at Webster First FCU
Covers 7 deposit, 4 retirement, and 4 lending accounts — beneficiaries must be updated in-branch
271 Greenwood Street, Worcester, MA 01607
271 Greenwood Street, Worcester, MA 01607
Member Service Center
Webster First Federal Credit Union, PO Box 70505, Worcester, MA 01607 (correspondence); branch/HQ: 271 Greenwood Street, Worcester, MA 01607
The goal with your Webster First FCU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Webster First FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Webster First FCU has 15 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Visit any Webster First branch location.
- Bring valid government-issued photo ID.
- Request the POD beneficiary designation form.
- Complete and sign the form at the branch with all account owners.
- Branch staff will process the beneficiary update.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD (Payable on Death) designations available for deposit accounts.
- IRA accounts have separate beneficiary designations; must be set up in person at a branch.
- Trusts can be named as POD beneficiaries on deposit accounts.
- All account owners must sign the beneficiary designation form.
Sources
Data sourced from Webster First FCU primary sources (21 pages reviewed). How we research.
Download these Webster First FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Webster First FCU primary sources. Bring it to the branch or keep it beside the phone.
271 Greenwood Street, Worcester, MA 01607
271 Greenwood Street, Worcester, MA 01607
Member Service Center
Webster First Federal Credit Union, PO Box 70505, Worcester, MA 01607 (correspondence); branch/HQ: 271 Greenwood Street, Worcester, MA 01607
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