At GECCU’s 37th Annual General Meeting held on May 13th 2003, a resolution was passed to establish a Social Development Fund. The purpose of this fund was to provide assistance to members who lack the financial resources to recover from an emergency such as fire, earthquake, hurricanes or serious illness. Since its inception, the fund has assisted hundreds of GECCU members during their time of need. $20.00 is transferred once per year from each member’s account to sustain the fund which is available to all members of GECCU. The Fund is managed by the Social Development Fund Committee which was appointed by the Board of Directors in accordance with the resolution.