Form of Nomination


Some may not think it’s relevant right now but it’s important to take the necessary steps to protect your family in the event of your death. At St. Raphael’s we regularly see many instances where deceased members have not updated their ‘Form of Nomination’ which complicates matters for their next of kin. For those members who have filled it in, their next of kin can access up to €27,000 following their death, which can often make life less complicated at a traumatic time.

What is a Form of Nomination?

A nomination is an instruction whereby a member nominates a beneficiary (usually a family member) to receive their property in the credit union upon their death. Property includes shares, deposits, loans and insurance proceeds. By completing a form of nomination, it enables your family to have access to your funds without having to wait for legal matters, such as Grant of Probate, to be sorted first. The maximum amount payable is €27,000, terms and conditions apply. Any balances exceeding €27,000 will form part of your estate. 

A Form of Nomination supersedes a Will.

How do I complete a Form of Nomination?

Completing a form of nomination is easy, simply download a nomination form by clicking here, sign it and return it to the credit union. If you call us or drop in we can also give you a form.

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