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The Grand Bay Co-operative Credit Union Ltd. is interested in the well-being of its members and has taken the initiative to help members secure a comfortable retirement. We, therefore, present to you the special account known as the Member Retirement Account (MRA).
BENEFITS
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Enjoy independence during your "Golden Years". Sit back, relax and enjoy what the world has to offer.
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Live a comfortable life after retiring.
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Give yourself additional funds other than your social security benefits.
WHO CAN JOIN?
All members from ages 16-55 are eligible to open an MRA with GBCCU Ltd.
GETTING STARTED
Fill out our application form and become a member.
Grandbay Cooperative
Credit Union
INQUIRIES
TOOLS
ABOUT GBCCU
Grand Bay Co-operative Credit Union Ltd.

MEMBER RETIREMENT ACCOUNT
HOW DO I SAVE IN MY MRA?
Savings can be done by
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salary deduction
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cash deposits, but MUST NOT exceed $1000.00 monthly
CAN I WITHDRAW FROM MY MRA?
Withdrawals are not allowed from MRA account.
SETTLEMENT & MATURITY OF MRA
The Member Retirement Account matures at age 60, but can be broken at age 55 without any penalty.
INTEREST PAID
An interest rate of 5% will be paid annually, on December 31.