Junior Savers

Children under the age of sixteen (16) years can become Junior Savers. When the Junior Saver reaches the age of sixteen (16) years, the amount in his/her savings will be transferred to a Shares account. Death Benefit of $30.00 annually, in addition to a minimum savings of $15.00 monthly must be paid towards the Shares account.

The interest rate on the Junior Savers account is four per cent (4%) annually. 

  • Completed application form (This form will be completed with a Member Service Representative) 
  • Copy of the child’s birth certificate, and a valid passport if any. 
  • Two (2) valid forms of photo identification of the parent/guardian or person authorized to operate the account. 
  • Proof of address of parent/guardian or person authorized to operate the account. 
  • Employment letter or a recent salary slip of parent/guardian or person authorized to operate the account. 
Additional Documentation if necessary:
  • If child is a citizen by descent: ⇒ copy of parent’s birth certificate and child’s birth certificate 

Consent letter from parent or legal guardian granting the authorized person permission to operate the account. The letter must be certified by a Justice of Peace.

Parent or legal guardian may be a signatory to the account.

Frequently Asked Questions

Most Asked

Yes, you wil need to provide: Completed application form with Proof of Address: Utility bill, Bank Statement, Driver’s License Identification: Two Photo Identification (National ID, Passport, Driver’s License), Evidence of Source of Income: Example:Remittance Receipt

Notarized and completed Application FormnnProof of Address:nUtility bill, Bank Statement, Driver’s LicensennIdentification:nTwo Photo Identification (ID, Passport, Driver’s License)nnSource of Income:nNotorized Employment Letter, Salary SlipnnCopy of Marriage Certificate (if applicable) which must be in color and notarizednnAll original documents must be sent via mailnDeposits can be sent in the form of: international Postal order Documents should be coloured and notarized and can also be sent via email to online@geccu.com

Members are able to sign up for our online baking in the comfort of their homes. https://bsdc.onlinecu.com/geccu/#/sign-upnnYou can use the above link to enroll for our Home banking service.nFor users enrolling for the first time. nYou can use your Account number as Login ID & Email address to sign up nnPlease note the email address used must match the email address on our system.

To add a beneficiary to your account, you may visit the Member Services Department at any GECCU branch and speak with a representative. However, members can also submit a notarized letter instructing us to update their beneficiary. Please note that the letter must include; name, date of birth, address and contact numbers for each beneficiary to be added to the account.

Our Minimum Loan criteria is as follows

1. Only members can qualify for loans.

2. Members must have the minimum share requirement.

That minimum share requirement would depend on the type/purpose of the loan

Generally, our Loans Officers would look at:

1. The applicant’s ability to repay the loan

2. The conditions for the loan that being there must be a clear purpose for the loans. Adequate information must be given.

3. A good repayment history is vital

4. If necessary additional security would have to be provided

Interest is paid annually at a rate determined by the Board of Directors.n

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