types of MEMBERSHIP
Regular Membership
An individual who has complied with all the membership requirements and entitled to all the rights and privileges of membership
Associate Membership
Immediate family members/ dependents/ beneficiaries of regular members who resides or works in the Philippines
members entitled to vote (metv)
- Has paid required membership fee of Php 100.00 and the value of at least sixty-three(63) shares (worth Php 6,300.00)
- Is not delinquent in the payment of his capital contributions and accounts or obligations
- Has not violated any provision of the coop by-laws, rules and regulations, circulars/memoranda, issuance of the CDA, membership and subscription agreements and other instruments required him to execute provided in the by-laws or as prescribed by the Board of Directors
- Has attended and completed the prescribed cooperative seminars
- Patronize regularly the business of the cooperative and participated in the parliamentary affairs
- Complies with all obligations, duties and undertakings of membership
members in good standings(migs)
Outstanding Member (OM)
- Must have outstanding loan balance within the year
- If all loan balance is fully paid, must avail a new loan within 2 periods
- Does not have past due accounts within the year
- Has paid all outstanding arrears within the year
Most Outstanding Member (MOM)
- Must have outstanding loan balance within the year
- If all loan balance is fully paid, must avail a new loan within 2 periods
- Does not have any past due accounts within the year
- Does not have penalty/arrears within the year
3 Years Most Outstanding Member (3YMOM)
- 3 Years consecutive Most Outstanding Member