FAQ Category: Share & Deposit Accounts

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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What do the different accounts mean?

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

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Can I make someone an authorized signatory to my account?

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

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