Nomination option & the free ECCU insurance

Secure Your Future with Nenagh Credit Union's Nomination Option and Free ECCU Insurance

At Nenagh Credit Union, we are committed to providing our members with comprehensive financial services that not only meet their immediate needs but also secure their future. Two of our standout offerings are the Nomination option and the free ECCU insurance. These services are designed to provide peace of mind and financial security for you and your loved ones. Here’s why you should consider taking advantage of these valuable benefits.

Understanding the Nomination Option

The Nomination option is a unique service offered by Nenagh Credit Union that allows you to nominate a person or persons to receive your savings and other assets held with the credit union in the event of your death. This service is free of charge and can be a crucial part of your financial planning.

By completing a simple nomination form, you can ensure that your chosen beneficiaries will have immediate access to your funds without the need for probate or legal intervention. This can significantly reduce the stress and financial burden on your loved ones during a difficult time. The nomination can be updated at any time, allowing you to adjust your beneficiaries as your circumstances change.

Benefits of the Nomination Option

1. Immediate Access to Funds: Your nominated beneficiaries can access your savings and assets quickly, without the need for lengthy legal processes.
2. Peace of Mind: Knowing that your loved ones will be taken care of financially can provide you with peace of mind.
3. Flexibility: You can update your nomination at any time to reflect changes in your personal circumstances.
4. No Cost: This service is provided free of charge to all members of Nenagh Credit Union.

Free ECCU Insurance

In addition to the Nomination option, Nenagh Credit Union offers free ECCU insurance to eligible members. ECCU (ECCU Assurance Company Limited) insurance is a group life insurance policy that provides a life savings benefit to members. This insurance is designed to reward members who save regularly and provide financial support to their families in the unfortunate event of their death.

How ECCU Insurance Works

The ECCU insurance policy covers the savings of eligible members with a maximum payout of €3,000. In the event of your death, your nominated beneficiaries will receive an additional payment based on your savings balance. This benefit is provided at no extra cost to you and is automatically applied to your account once you meet the eligibility criteria

Benefits of ECCU Insurance

1. Financial Security: Your beneficiaries will receive an additional payment based on your savings, providing them with financial support during a difficult time.
2. No Extra Cost: The ECCU insurance is provided free of charge to eligible members, making it an excellent added benefit of being a member of Nenagh Credit Union.
3. Automatic Coverage: Once you meet the eligibility criteria, the ECCU insurance is automatically applied to your account, ensuring you are covered without any additional steps.

Loan Protection Insurance: Eligible members receive free loan protection insurance, providing peace of mind that your loan will be covered in the event of unforeseen circumstances.

Why Choose Nenagh Credit Union?

At Nenagh Credit Union, we are dedicated to supporting our members and their families. Our Nomination option and free ECCU insurance are just two examples of how we go above and beyond to provide valuable benefits that offer peace of mind and financial security. By choosing Nenagh Credit Union, you are not only gaining access to a range of financial services but also joining a community-focused organisation that prioritizes your well-being.

We invite you to visit our office on Kickham Street, Nenagh, or contact us on 06734444 to learn more about these services and how they can benefit you and your loved ones. Secure your future with Nenagh Credit Union today.