Yes.nTo add an individual to an account as an authorized signatory will require a Power of Attorney. Please note that the Power of Attorney document must be registered in St. Vincent and the Grenadines

No.

Members may visit any GECCU branch to apply for a bank/embassy statement. Conversely, a letter may be submitted requesting a bank/embassy statement with instructions to subtract the fee from his/her account. Please note that bank/embassy statements cost $10 which must be paid before the member can receive the statement.

Regular shares withdrawals can be done at the Member Service Department at any GECCU office. Members may also submit a letter requesting a withdrawal from their shares. Please note that this transaction requires 1 month’s notice and members living outside of St. Vincent and the Grenadines must have their letters notarized by a Notary Public.

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.

Withdrawal from Regular Shares is allowed (although it is not encouraged). nA member is required to give atleast one (1) month notice for this request.nEquity and Qualifying Shares cannot be withdrawn but are redeemable in the event of death or termination of membership.

The Qualifying Shares allows a member to access all of the services and benefits offered by GECCU, such as loans, voting at Annual General Meetings and scholarships. Equity Shares represent members’ ownership in GECCU.

Equity Shares Capital contribute to the safety, soundness and competiveness of GECCU. It also ensures continued provision of the excellent range of services which GECCU offers. An annual dividend will be paid on the Equity Share based on the financial performance of the Credit Union.

Regular Shares Savings determine members’ eligibility for loans and can be used as collateral. Deposits to this account determines a member’s eligibility for Death Benefit, Members MUST have saved at least $120.00 in the last year of his/her membership. Withdrawal from Shares Savings are not encouraged, however, if it becomes absolutely necessary members must give one (1) month’s notice.

Equity Shares Capital contribute to the safety,soundness and competiveness of GECCU. It also ensures continued provision of the excellent range of services which GECCU offers. Funds deposited into the Equity Shares are non-withdrawable except in the case of death or cessation of membership. An annual dividend will be paid on the Equity Shares based on the financial performance of the credit union.

Regular Share Savings (minimum monthly): $15.00

Dividend is paid after our Annual General Meeting

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

Members can open a Fixed Deposit with as low as $500

Fixed Deposit Rates are as follows: $500-$499,999 (2.25% annually), $500,000 and over (2.50% annually), School Co-operatives (5.00% annually)

Junior Savers: Age range 0-15 years

Junior savers do not have online banking access until they attain the age of 16 and transition to adult membership

You wil need to provide:nCompleted application form (This form will be completed with a Member Service Representative) nnProof of Address:nUtility bill, Bank Statement, Driver’s License (*Utility bill must be in the name of the applicant. If the bill is not in the name of the applicant, supporting evidence should be provided such as a rental aggreement or a letter from the resident owner which must be witnessed by a Justice of the Peace)nnIdentification:nTwo Photo Identification (National ID, Passport, Driver’s License)nnEvidence of Source of Income:nExample: Job Letter, Salary Slip, Remittance Receipt (Unemployed Individuals) nnIf child is a citizen by descent:nA copy of the parent’s birth certificate and child’s birth certificate.nnIf the parent or legal guardian is granting another individual permission to operate the account, the parent or legal guardian must provide that individual with a consent letter certified by a Justice of Peace.nnParent or Legal guardian may be a signatory to the account.nnInitial Payment for Junior Savers Account is a minimum of twenty dollars ($20.00)nnNB: When the Junior Saver reaches the age of 16 years, the amount in his/her Junior Saver account will be transferred to a Shares account.