Bereavement Fund - Credicare

Taking care of the family when a loved one passes away.

Credicare Bereavement Fund is a special service that ensures when a Credicare member dies, money is immediately available to the family.

• Cash is immediately available to the family when a member dies
• Payment is made regardless of any claims such as insurance
• It is a tax free benefit
• No commission or administration fees.

How does it work?

• Each member agrees that on the death of another member, a nominated amount will be automatically withdrawn from their savings account
• This money is then pooled and the total is paid to the deceased member’s nominated beneficiary, providing the family with immediate cash assistance.

Who may join?

Any person under 60 and in good health, who is either an active member of the Credit Union, or is the spouse/partner of an active member of the Credit Union my join Credicare.

Easy and affordable way to give your family financial support when a family member close to you pass away.