Membership Segmentation

Membership Segmentation Criteria

A.      CLASS DIAMOND

            Criteria:

1.       At least five (5) years as a regular member.

2.       Share capital of at least P15,000.00 with additional deposit of at least P500.00 annually for the last two (2) years.

3.       Attended the District Assembly at least once for the last two (2) years.

4.       Attended at least 50% of the Ownership/MES in a year for the last two (2) years.

5.       Regular monthly savings deposit of at least P50.00 or P150.00 in a quarter for the last two (2) years.

6.       No loan amortization in default for the last two (2) years.

Privileges:

1.       Qualified on all loan windows as provided in the lending guidelines.

2.       No collateral required on all loans P50,000.00 and below over the share capital.

3.       Loan approval at management level.

4.       Qualified to vote and seek any elective position.

5.       Free COLISAP contribution on COLISAP 30K.

6.       Can avail the FAXCOM Loan.

7.       Hospitalization benefit of P300.00 per day for a maximum of five (5) days for a confinement of at least three (3) days which can be availed once a year.

B.      CLASS GOLD

            Criteria:

1.       At least four (4) years as a regular member.

2.       Share capital of at least P10,000.00 with additional deposit of at least P350.00 annually for the last two (2) years.

3.       Attended the District Assembly at least once for the last two (2) years.

4.       Attended at least 50% of the Ownership/MES in a year for the last two (2) years.

5.       Regular monthly savings deposit of at least P30.00 or P90.00 in a quarter for the last two (2) years.

6.       No loan amortization in default for more than thirty (30) days for the last two (2) years.

Privileges:

1.       Qualified on all loan windows as provided in the lending guidelines.

2.       No collateral required on all loans P30,000.00 and below over the share capital.

3.       Loan approval at management level.

4.       Qualified to vote and seek any elective position.

5.       COLISAP contribution of 50% on COLISAP 30K.

6.       Can avail the FAXCOM Loan.

7.       Hospitalization benefit of P200.00 per day for a maximum of five (5) days for a confinement of at least three (3) days which can be availed once a year.

C.      CLASS SILVER

            Criteria:

1.       At least three (3) years as a regular member.

2.       Share capital of at least P5,000.00 with additional deposit of at least P200.00 annually for the last two (2) years.

3.       Attended the District Assembly at least once for the last two (2) years.

4.       Attended at least 50% of the Ownership/MES in a year for the last two (2) years.

5.       Regular monthly savings deposit of at least P20.00 or P60.00 in a quarter for the last two (2) years.

6.       No loan amortization in default for more than three (3) months or has matured for more than thirty (30) days for the last two (2) years.

Privileges:

1.       Qualified on all loan windows as provided in the lending guidelines.

2.       No collateral required on all loans P10,000.00 and below over the share capital.

3.       Loan approval at management level.

4.       Qualified to vote and seek any elective position.

5.       Hospitalization benefit of P100.00 per day for a maximum of five (5) days for a confinement of at least three (3) days which can be availed once a year.