Members of the Credit Union can nominate a person to receive their Credit Union Shares and insurance benefits (if any) up to €27,000 on their death. Any funds above the €27,000 are included in the deceased’s estate. (On receipt of Grant of Probate).

A member can nominate anyone, family, a friend, or several people. If you nominate more than one person they share up to the statutory maximum.

It is important that members review their nomination regularly. The most recent nomination covers all accounts held in the credit union.

Yes, a member of staff will be able to confirm if you currently have a nomination in place and who that nominee is. If you are unsure, please check with a member of staff that your nomination is still valid.

A nomination can become invalid if your personal circumstances change (e.g. marriage) or if your nominee dies before you.

A nomination is automatically revoked by your subsequent marriage, and you will have to complete a new nomination form if you would like to keep the old nominee you had in place.

Please note a change in family status doesn’t automatically change a previous Nomination Form (Beneficiary); a benefactor on an old form could still receive the benefits you designated.

A nomination is automatically revoked when your nominee dies before you. In this case, you should consider completing a new nomination.  If you do not, your property in the credit union may form part of your estate.

Members can change their nomination as many times as necessary. It is recommended that members review their nomination regularly especially after significant changes to family circumstances.

A nomination can become invalid if your personal circumstances change (e.g. marriage, divorce or separation) or if your nominee dies before you.

A nomination is automatically revoked by your subsequent marriage, and you will have to complete a new nomination form if you would like to keep the old nominee you had in place before marriage.

You can change your nomination by visiting Enniscorthy Credit Union and completing a new nomination form with a member of staff.

It is each member’s personal responsibility to ensure that their nomination is current, and we would encourage all members to ensure they have an up-to-date nomination form on file.

Have you recently?:

• Reached the age of 16.
• Gotten married.
• Divorced or separated.
• Had a baby.
• Had a death in the family.

If you answer yes to any of these questions, it is time to update your Nomination Form.

Making sure your Nomination Form is up to date couldn’t be easier and you should do this on a regular basis. Simply ask any member of staff to check whom you have nominated as beneficiary on your account. If you would like to change the nominated beneficiary, then simply fill out a new Form of Nomination and leave the rest to us.

It is each member’s personal responsibility to ensure that their nomination is current, and we would encourage all members to ensure they have an up-to-date nomination form on file.

A change in family status does not automatically change a previous Nomination Form (Beneficiary); a benefactor on an old form could still receive the benefits you designated. A nomination is automatically revoked by your subsequent marriage, but not revoked by a divorce or separation.

If the nomination becomes invalid, then the credit union account can form part of the deceased’s estate. If a share balance is below €18,000 then Section 23 of the Credit Union Act 1997 (as amended) Provision of Small Payments* allows our Board of Directors to decide on how shares are released from account.

If you elect not to complete a nomination, the proceeds of your account will form part of your estate on your death and will be dealt with under the terms of your will, under the rules of intestacy if you make no will, or under small payment provision*.

Small Payments Provision: Where no valid nomination exists and the amount in the member’s account is under €18,000 in total (including insurance, etc.), the board of directors of the credit union may, without letters of administration or probate of any Will, distribute their property in the credit union to such persons as appears to the board to be entitled by law to receive it.

A nomination is automatically revoked when your nominee dies before you. In this case, you should consider completing a new nomination.  If you do not, your property in the credit union may form part of your estate.

Joint Account holders need not nominate as the monies in the account automatically become the property of the surviving joint account holder.  (Terms & Conditions apply depending on relationship and balances in account).

If you joined as a child, you would not have had a nomination form completed. Once you reach the age of sixteen you will need to fill out the nomination form.

No, there is no cost for setting up or changing a nomination. Its just another FREE service that we offer our members.