Nomination Forms

Skibbereen Credit Union members may nominate a person or persons to become entitled, at his/her death, to their savings, subject to a maximum of €23,000.

Members who wish to complete a nomination form or amend their current one may do so at any time in the Credit Union office. 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.

You may revoke or vary your nomination at any time by completing a new nomination form. A nomination is not revocable or variable by the terms of your will or by a codicil to your will. 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 will form part of your estate.

A nomination is automatically revoked by your subsequent marriage. Where your personal circumstances change (e.g. marriage, divorce or separation) you should personally review your nomination at that time.

The nominated property does not form part of a deceased person’s estate. A person under 16 years of age cannot make a valid nomination.

Skibbereen Credit Union encourages all members to complete a valid Nomination Form today.

If you have any questions please do not hesitate to ask us.