Membership
Required amount of Share Capital for dependents
P 15,000
Maximum number of days for submission of after activity reports
Approving authority for loans amounting from P500,000 up to P1.5M
Credit Committee
Enrolment ages for regular premium
18 to 60 years old
Per capita cost for recruitment
P 400
LMS stands for?
Leasing Management System
% of payment required for reloan
PFC and CE: 30%
CPL: 20%
SGT to CMS: 20%
Officers: 6 months for long-term loan
Maximum amount of benefit for Accidental Death and Dismemberment
P 25,000
Basic requirement in processing voluntary termination
Fully accomplished Membership Termination Form
Maximum revolving fund amount for one-man personnel for liaison office operations
P 100,000
True or False: In relation to DOSRI requirement, only report loans of members of the Management to the Board of Directors
False
(DOSRI refers to the following:
a. Directors: Cooperative’s Board of Directors and Committees.
b. Officers: The President, Executive Vice President, Executives and Managers.
c. Related Interest: The spouse or related within the first degree of consanguinity or affinity, or relative by legal adoption, of a Director or Officer of the Cooperative.)
Exit age for termination of riders
65 years old
True or False: Accept a mentally challenged person for membership
False
(must be able to enter into a legally binding contract)
True or False: Units with 80% and above as members are eligible for AFP donations
True
Plan of action for loans not covered under the Credit Policy
Request consideration from Credit Committee
Exit age for We Care
100 years old
Number of spouse/s an Islamic member sponsor for associate derivative membership
Four (4) provided all marriages are contracted under Islamic faith
True or False: Goodwill donation is allowed for units with 80% of unit's strength already members
False
(Units with lower than 80% or 79% and below as members are eligible for goodwill donations)
Computation of gross loanable amount for Back to Back Loan for a member without existing BBL
95% of either Common B (regular member) or Preferred B (associate member) to include amount of RSD and TD
Associate member: less maintaining balance of P200 and We Care subscription (if subscribed)
Contestability period for suicide
One (1) year or 12 months