Members with Member Retirement Accounts (MRA)  and prospective account holders are informed of the following important changes to the account . 

From April 1, 2012, the maximium  monthly deposit to an MRA has been 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 is reduced to 6% per annum 

Please contact a Branch office for further information.