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).
Enjoy independence during your "Golden Years". Sit back, relax and enjoy what the world has to offer.
Live a comfortable life after retiring.
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.
Fill out our application form and become a member.
Grand Bay Co-operative Credit Union Ltd.
MEMBER RETIREMENT ACCOUNT
HOW DO I SAVE IN MY MRA?
Savings can be done by
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.
An interest rate of 5% will be paid annually, on December 31.