When you join First Tech Credit Union Ltd. you will be asked to nominate a beneficiary on application. This nomination is a legally binding, written instruction that tells the credit union what to do with your money after your death.

The person or persons nominated will benefit from your shares when you die up to a maximum of €27,000. Any balance over €27,000 will form part of your estate. A nominee can be anyone; a family member or a friend. It is important to keep your nomination up to date and to amend it should any changes occur e.g. if a nominated person dies or if there is a change in your marital status. You may revoke or vary your nomination at any time by completing a new Nomination Form.

If you choose not to make a nomination, the proceeds of your account will form part of your estate on death. For your peace of mind and that of your family, please ensure you have a completed and up-to-date Nomination Form in place.