Members with Member Retirement Accounts (MRA)  and prospective account holders are reminded of the following important changes to the account which took place in 2012.  

From April 1, 2012, the maximium  monthly deposit to an MRA was capped at $1000. Members can deposit a total of  $12,000 in a calendar year (i.e. from January to December).

From July 1, 2012 

•  ALL members can keep an MRA open and save  up till age 60. Members can opt, however, to close the account anytime after age 55, without any interest penalty.
• The interest rate on the MRA was reduced to 6% per annum 

Please contact a Branch office for further information.