A Valuable, Free-to-Members Credit Union Service
A Nomination is a legally binding, written instruction that tells the Credit Union what to do with your money after your death.
Members of Bishopstown Credit Union can nominate someone to receive up to a maximum value of €23,000 on the event of their death.
All members over the age of 16 can nominate someone when they join Bishopstown Credit Union.
We advise that all members review their nomination and update our retail team of any changes they wish to make.
You nomination and savings are separate to your will and estate and are not affected by the terms of your will.
What happens to my shares when I die?
Members of the Credit Union can nominate a person to receive their Credit Union Shares and insurance benefits (if any) up to €23,000 on their death.
Who can I nominate?
A member can nominate anyone; family, a friend or group of people. It is important that members review their nomination form regularly.
Can I change my nomination?
Yes, by filling in a new nomination form. A nomination becomes invalid if the member gets married or the person that has been nominated dies.
Should I ask about my nomination?
Yes, a member of staff will be delighted to confirm whether you have completed a nomination and who your nominee is.
What if my parents joined me years ago as a child?
If you joined as a child you would not have had a nomination form completed. Once you reach the age of 16 you will need to fill out the nomination form.
Is there a cost?
There is no cost for setting up or changing a nomination