Shares Savings Account

Overview of the Share Savings Account

The strength of the Credit Union is represented by its Share Capital. Guaymay Energy Alliance Credit Union offers a Share Savings Account to its members. As a Shareholder, you are part-owner of the Credit Union with an equal opportunity to benefit from all services we provide. Each Share purchased is a contribution towards the pool of resources at the Credit Union from which each Member can borrow in time of need.

Benefits of the Shares Savings Account

  • A Share Account allows members to borrow.
  • The Savings on the Account can be used as Security for a Loan.
  • This account attracts an annual interest referred to as Dividends.
  • The unencumbered funds on Share Accounts are covered by insurance up to $125,000.00

Requirements to Apply

2 Valid Forms of ID

T&T Identification Card, Driver’s Permit, Passport, Birth Certificate

Proof of Address

Recent Utility Bill or Bank Statement not older than 3 months

Proof of Income

Recent Job-Letter [not older than 3 months) and Recent Pay-Slip not older than 3 months

Application Fee


While withdrawals can be made on this account, members are encouraged to develop a pattern of Savings. There is no additional charge to our Share Account.

For self-employed persons:

  • JP’s Letter or Company’s Registration Certificate is required in place
    of Job-Letter and Pay-slip.

For Students, House-wives, Unemployed persons:

  • All of the above except Job Letter & Pay-slip.

For Utility bill that is not in your name: