ABCUL Members

Long deceased members’ balances

  • Creator
    Discussion
  • #6495

    Barney
    Participant

    Has anyone found a solution for long deceased members’ share balances? We have some small savings balances where we cannot trace any beneficiary or relative for the member. The amounts are too small for the bona vacantia scheme. We don’t want to keep these balances in our accounts for ever! I don’t think these are technically “dormant accounts” as the member is no longer alive.

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  • #6496

    John
    Member

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    John CEO FAIRshare Credit Union https://www.fairshare.uk.com/

  • #6502

    Barney
    Member

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