POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated on
Appears in 1 contract
Samples: Membership & Account Agreement
POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onon your Account Card. Accounts payable to more than one POD beneficiary are owned jointly by such
Appears in 1 contract
Samples: Membership & Account Agreement
POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onand
Appears in 1 contract
Samples: Membership and Account Agreement
POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of when the last joint account ownerowner dies, payable to any named and surviving POD beneficiary. Accounts payable to more than one beneficiary designated onare owned jointly with right of survivorship. Individual Retirement Accounts (IRAs) are governed by a separate beneficiary designation. We are not obligated to notify any beneficiary of the existence or interest vesting in any account, except as otherwise provided by law.
Appears in 1 contract
Samples: Membership & Account Agreement
POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onon your Account Card. Accounts payable to more than one POD
Appears in 1 contract
Samples: Membership and Account Agreement