This is a legal matter at this time. You need to engage legal counsel. Only they can help determine if the principal of the POA properly notified you that he had revoked the POA under State law. Also, whether an agent using a POA to add themselves as a beneficiary to the account is legal is going to be based on State law and the specific powers granted in the POA. At first glance, it doesn't look good for the credit union.
Credit Union Ex-AIF Forgery
Customer of credit union removed his attorney-in-fact from having this designation on his account. Three years later he went to the credit union and verbally asked to make sure that the AIF was "off" his accounts in every way. Two years later the ex-AIF presented a customer service request document adding herself as beneficiary. If this is a forgery as claimed, it appears to bear a good one of customer's signature. Is credit union liable for now having paid her as beneficiary?
First published on 12/15/2019