Nominations

Nominations

The nomination form is an important document. The nomination transfers the property of the member to a person or persons that become entitled at their death. The nomination can be changed at any time.

A valid nomination covers all credit union savings which may be assigned to one person or divided between various nominees. Any clearly identified person can be a nominee- it does not have to be next of kin.

Where only one person is nominated, that person will be the sole beneficiary of your credit union property subject to the maximum permitted by law which is currently €27,000.00.

• The nomination will supersede your will.
• Your marriage, after completing a nomination form, automatically revokes that nomination.
• Death of a nominee revokes that nomination.
• Completion of a new nomination form revokes all previous nominations.
• To make a nomination please visit our office.

Wills

Below solicitors will set up a basic single Will for €50.00 and joint Will for €75.00 for Arklow Credit Union members.