Nomination of Your Account

Here at NBCU we offer a service to our members of nominating somebody on their account which helps your family/friends at a very distressing and upsetting time.

What is a Nomination?

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As a member of Naomh Breandan Credit Union, you have the ability to nominate someone to receive the funds in your account (up to €27,000*) in the event of your passing. This ensures an efficient transfer of funds to your chosen nominee, bypassing the often lengthy probate process.

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Please note that to submit or update a nomination, you will need to visit the office and our staff will be happy to assist you. 

Benefits:

  • Your nominated funds are released without delays.
  • Not part of your estate, the funds do not go through probate or your Will.
  • Flexibility allows you to change your nomination at any time to reflect life events such as marriage, divorce, or the passing of a nominee.

How to Set Up or Update Your Nomination:

  • You can nominate anyone such as family, friends, a partner or a group of people.
  • You must be over 16 years of age to make a Nomination.
  • If you joined as a child, you would not have completed a Nomination Form. Once you reach the age of 16, you should fill out a Nomination Form.
  • A Nomination must be signed and witnessed by two individuals.
  • You can update or change your Nomination as often as needed.
  • If your nominee passes away before you, your Nomination is automatically revoked, and you should consider updating it.
  • A Nomination is also automatically revoked if you get married.

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View Your Existing Nomination Form:

If you would like to review your nomination, feel free to send us an email at info@naomhbreandancu.ie, phone us at 091 841 773 or visit our office, and our team will be happy to assist you.

See more about nominations at the Irish League of Credit Unions website:
https://www.creditunion.ie/what-we-offer/savings/nomination-of-your-account/ 

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