Becoming a Member
Membership Requirements
- Simply full out this Membership Application Form.
- Proof of Employment: Job Letter / Pay Slip.
- Purchase of 60 shares @ $5.00 per share .
- Pay an Entrance Fee of $1.00.
- Purchase a passbook @ $2.00.
- National ID, NIS Card, Drivers License, Passport
- A completed Nomination Form to designate your Beneficiary.
- Self Employed persons - Company registration documents are required (if applicable).
Membership Benefits/Services
Free Life Savings Insurance-whereby upon death of a member all his/her savings up to $10, 800 will be matched by the Insurance. In the event of accidental death, savings would be matched twice by the insurance.
Free Loan Protection Insurance-if a member dies or has to retire due to disability while a loan is being repaid; the insurance pays up to $54,000.
Partake in the policy and decision making.
Become a Director or member of a sub Committee.
Receive dividends on shares (profits).
Elect Directors.
Membership Application and Nomination Forms
Become a member of the Grenada Union of Teachers’ Co-operative Credit Union by completing and submitting this Member Application and Nomination form.
The Nomination form should be completed by all members naming person(s) to or among whom their property in the Society, whether in Shares, Loans or Deposits shall be transferred to when they are deceased. Make the ultimate transfer of your credit union assets EASY. Fill out your Nomination Form today!
Join the G.U.T Credit Union today and benefit from our convenient savings plan and low-cost loans.
List of Forms
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Overseas Nationals
Saving your money or owning property in your homeland is made simple when you are a member of the Grenada Union of Teachers’ C-operative Credit Union (Membership is obtained through the purchasing of shares). Qualification is easy.
We can work with you from your location to obtain a very affordable and flexible Rate whether is for saving your money back home or a mortgage to purchase land or construct your home. Begin the process by downloading the appropriate application forms or communicate directly to the Manager - Mr. Samuel Britton.
Start planning now for that retirement home you deserve and take comfort in the fact that the Grenada Union of Teachers’ Co-operative Credit Union Limited is one of the most viable options for doing just that. The original form and documents must be submitted to the office. Cheques, Money Orders, Postal Orders or Bank Drafts must be made payable to G. U. T. Credit Union or Teachers’ Credit Union, for the account of the holder of the account. E.g.: “G. U. T. Credit Union for John Doe.”
Additionally, you have more time to do your business at the G. U. T. Credit Union because our opening hours are Mondays to Fridays between the hours of 8am to 4pm. Our telephone Automated Voice Interactive System (AVIS) gives members the ability to check their account balances 24 hours a day and 7 days a week. (444 AVIS (2847).Go back to top