For your convenience, we've made our most requested forms available to you online in printable PDF format. All you need is the free Adobe Acrobat Reader 4.0 or higher (Download Adobe Reader). Please print required form(s) and complete all necessary fields before returning the forms to PenFed.

Thank you for your interest in opening an account in the name of your IRT with PenFed.

ELIGIBILITY

Before completing the following paperwork, please confirm that your trust is an IRT. If your trust is a Revocable Living Trust (RLT) separate paperwork must be completed.

Definition: An IRT is a legal arrangement whereby assets are transferred by a person(s) (usually called the Grantor) during their lifetime into a trust. Through the trust, a party (trustee) holds and manages the assets for the benefit of another person or persons (beneficiary).

The grantor chooses not to retain certain rights, ownership, or powers over the trust to ensure that the trust is not taxable to him/her and that the assets may be removed from his/her estate. This account is setup under the Trust's TIN (Tax Identification Number).

Eligibility: An IRT will have its own membership since it is a separate entity and has a TIN. For this reason you must determine if your IRT is eligible for membership. Either all Grantors or all trustees or all beneficiaries of the IRT must be members of PenFed. If they are not, their membership(s) must be established before the IRT can be established.

FORMS

To establish an account in the name of your IRT with PenFed the following forms must be completed. (Download a copy of these instructions)

  • Declaration of Trust (Form 74) - Members must provide the identity of the Grantor(s), Trustee(s), Successor Trustee(s) and Beneficiaries on this form. The Grantor and Trustee section must be completed in full. Successor Trustees and Beneficiaries need only be completed if they are listed in their Trust. Members must also provide the name of their Trust, the date the Trust was established (UTD) and the social security number/tax identification number of the Trust. One of the Grantors must sign the bottom of this form.
  • Application for Irrevocable Trust (Form 43) - The name of the Trust must be provided at the top of this form. The Tax Identification Number must also be listed. All Primary Trustees must sign this form.
  • Irrevocable Trust Membership (Form 13-IRT) - This form must be completed to establish a membership for your IRT. All sections must be completed and signed.

The following forms are optional depending on which accounts will be opened in the name of the IRT.

  • MMSA Application (Form 400-IRT) - This form is to be completed if you already have a money market savings account that you wish to re‐title to your Trust or if you wish to establish a new money market savings account. If you are requesting to re‐title, please specify your full money market savings account number on the form.
  • Amendment to Share Certificate Agreement (Form 771)
    • The first page of this form needs to be completed if the current owner of a certificate is NOT a primary Trustee. They will need to sign the form before a notary to relinquish their ownership before it can be re‐titled in the trust.
    • The second page of this form is to be completed if you wish to re‐title a Money Market Certificate. All Primary Trustees must sign/complete the section titled “Revocable or Irrevocable Trust”. The primary owner of the certificate must sign and list their SSN at the top of the second page.
     
  • Certificate Application (Form 688) - This form is to be completed if you wish to establish a new Certificate in the name of your Trust. All Primary Trustees must sign at the bottom of the form. The “Member Owner” section must be completed with the IRT Information (SSN = Tax ID Number & DOB = Date Trust Established).
  • Complete Access Checking Application for a Irrevocable Trust (Form 151-IRT) - This form is to be completed if you already have a checking account that you wish to re‐title to your Trust or if you wish to establish a new Checking Account. If you are requesting to re‐title, please specify your full checking account number on the form.

Mail completed forms to a PenFed service center near you

Regular Delivery: Express Delivery:

Pentagon Federal Credit Union
Attn: Research
Box 247009
Omaha, NE 68124-7009

Pentagon Federal Credit Union
Attn: Research
13220 Fort Street
Omaha, NE 68164

Pentagon Federal Credit Union
Attn: Research
Box 1432
Alexandria, VA 22313-2032

Pentagon Federal Credit Union
Attn: Research
2930 Eisenhower Avenue
Alexandria, VA 22314

Pentagon Federal Credit Union*
Attn: Research
Box 70046
Eugene, OR 97401-0103

Pentagon Federal Credit Union*
Attn: Research
400 Country Club Road, Suite 220
Eugene, OR 97401

*Please note that the Eugene, OR office cannot accept any deposits.

ADDITIONAL INFORMATION

  • IRA products, loans and ATM or debit cards are NOT permitted under an IRT.
  • Only Primary Trustees will have access to the funds.