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Dormant accounts are classified as any account which has no member generated transaction in the last 3 years.

If you think you may have an account and have not used it in some time, there is no need to join again. You are still a member. When an account becomes dormant, the account does not close – your shares will remain in the credit union and will continue to earn dividend on an annual basis. Our current minimum shareholding is €6.35.

What are my options?

1. Reactivate your account: To do this you will need to perform a lodgement to your account. You need to maintain a minimum shareholding of €6.35 to retain membership of St Colmcilles (Kells) Credit Union Ltd. You will also need valid photo I.D (passport or driving licence), proof of address (utility bill or bank statement dated within the last 3 months) and your PPS number on an official document (e.g; payslip, p60).
2.  Close your account: To do this you will need valid photo I.D (passport or driving licence), proof of address (utility bill or bank statement dated within the last 3 months) and your PPS number on an official document (e.g; payslip, p60). to withdraw your shares and close your account.
3. Transfer your account to another credit union: If you have moved from the area and wish to transfer to a Credit Union closer to your current residence, you can contact your nearest Credit Union to make the transfer.

Rule 22. Dormant accounts

The Credit Union may deal with shares and deposit accounts as hereinafter provided when there has been no member initiated transaction on the account for a period of three years and when no reply has been received within thirty days from the member to a notice sent, by ordinary post, to him/her at his/her last known address, of intent by the credit union to close the account(s).  Dividends and interest shall continue to be payable on such accounts.