FAQ Category: Share & Deposit Accounts

Is withdrawal from Regular Shares allowed?

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 nA member is required to give atleast one (1) month notice for this request.nEquity and Qualifying Shares cannot be withdrawn but are redeemable in the event of death or termination of membership.

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What is Equity Shares?

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

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How do I add a beneficiary to my account?

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

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