top of page

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
​

  • 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. 

GETTING STARTED
Fill out our application form and become a member.

  • Facebook - GBCCU

MEMBER RETIREMENT ACCOUNT

HOW DO I SAVE IN MY MRA?

Savings can be done by
 

  • salary deduction

  • 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.

bottom of page