Dormant Account Letters – CU Statement
Dormant account letters have been issued to members of Letterkenny Credit Union where they have not performed any transactions on their account in the last 3 years and under Rule 22 of the Standard rules for Credit Unions (ROI), and in line with Government Legislation regarding dormant accounts.
These members now have 30 days to access their account and provide up to date proof of identity and address in order for their account to remain active. In all other cases the accounts will be reclassified as dormant and will be governed by the Dormant Accounts (Amendment) Act 2012. These savings remain the property of the member.
After 30 Days is my account now closed?
No, your account has been classified as Dormant. Your shares / savings are still in your account and you will continue to earn any dividend annually on them.
What do I do now? you have 3 options.
With each of these options you must provide current / valid photo ID and proof of address
1 You can reactivate you account by making a lodgment to the account.
2 You have moved from the area and wish to transfer your account to a Credit Union in your area contact your nearest Credit Union.
3 You wish to close your account by calling to the Credit Union Offices.
