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CAPITAL CREDIT BENEFICIARY DESIGNATION Capital Credits may exist now and in the future in favor of the undersigned Member in Account #___ on the books of S&T Telephone Cooperative Association, the

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How to fill out capital credit beneficiary designation

01

Obtain the necessary form from your capital credit provider.

02

Fill in your personal information including your name, address, and account number.

03

Clearly specify the name and contact information of your beneficiary.

04

Review the form for accuracy and completeness before submitting it to your capital credit provider.

Who needs capital credit beneficiary designation?

01

Any individual who wants to designate a beneficiary to receive their capital credits in the event of their death.

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What is capital credit beneficiary designation?

Capital credit beneficiary designation is a process where a member of a cooperative allocates their capital credits to a specific individual or entity to receive them upon the member's death.

Who is required to file capital credit beneficiary designation?

All members of a cooperative who have capital credits are required to file a beneficiary designation form.

How to fill out capital credit beneficiary designation?

Members can fill out the beneficiary designation form provided by the cooperative, which typically includes the member's information and the designated beneficiary's information.

What is the purpose of capital credit beneficiary designation?

The purpose of capital credit beneficiary designation is to ensure that the member's capital credits are distributed according to their wishes in the event of their death.

What information must be reported on capital credit beneficiary designation?

The beneficiary designation form typically requires the member to provide their name, address, social security number, and the information of the designated beneficiary.

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