Have you made a nomination on your account?

This is a unique facility for credit union members. Credit unions have a nomination facility whereby if you are over 16 years of age, you can nominate someone to receive the property of your credit union accounts upon your death. This is of benefit if the member dies without leaving a will as the property left in the credit union will not have to pass through the sometimes timely intestacy process.

You may nominate a person(s) of choice to receive your property presently up to a maximum value of €27,000 in the Republic of Ireland. Any amount in excess of €27,000 will form part of your estate. You may change the details of your nomination as often as you like. A completed nomination must be signed and witnessed by two persons. Ask in any branch and a staff member will help you complete the relevant form and witness your signature. The most recent nomination is the valid nomination.

A nomination is not revocable or variable by the terms of your will or by a codicil to your will.

The nominated property does not form part of a deceased person’s estate. 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. Where your personal circumstances change (e.g. marriage, divorce or separation) you should review your nomination at that time. A nomination is automatically revoked by your subsequent marriage.

Please note that a nomination must be in writing. You may obtain a nomination form from any branch of Athenry Credit Union.

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 the small payments provision*.

• You may revoke or vary your nomination at any time by completing a new nomination form.
• Where your personal circumstances change (e.g. marriage, divorce or separation) you should review your nomination at that time.
• The nominated property does not form part of a deceased persons estate.
• A person under 16 years of age cannot make a valid nomination.
• *Small Payments Provision: Where no valid nomination exists and the amount in your 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 your property in the credit union to such persons as appears to the board to be entitled by law to receive it.
• If you have not yet added a nomination on your account or need to change your current nomination call to our branches.
• The increase to the nomination limit applies to all deaths occurring or nominations made from 22nd February 2024.

(Terms and conditions apply for more information please contact Athenry Credit Union).