Equity Shares represent a member's ownership in GECCU. Equity Shares capital contribute to the safety, soundness and competitiveness of GECCU. It also ensures continued provision of the excellent range of services which GECCU offers. Each member is required to purchase at least fifty (50) shares at $1.00 per share ($50.00) annually towards the Equity Shares in accordance with the resolution which was passed at the 48th Annual General Meeting in 2014. However, members are encouraged to purchase additional Equity Shares at any time.
Equity Shares are non-withdrawable but redeemable in accordance with GECCU's By-laws. An annual dividend will be paid on Equity Shares based on the financial performance of the Credit Union.