Nomination
The credit union nomination is your opportunity to name the person or persons you wish to receive your shares and any insurance attached to them in the event of your death.
You can be certain your chosen person(s) receives your shares and any insurance attached to them when you die if you complete a Nomination form.
This form is available to complete in our office. The individual(s) on the form will become your nominee.
Larne Credit Union can disburse amounts up to £20,000 to the nominee nominated. Probate must be extracted on amounts over £20,000.
You must update your nomination if you marry, divorce or if the person nominated dies before you. As you go through the course of your life and update your will, make sure you update your nomination too!
You may change your nomination as often as you like, and you may name more than one person as your nominee.
