Membership Application

Types of Members:

1. Regular Member

   A member is one who has attended the Pre-membership Education Seminar (PMES), has subscribed and paid the required minimum number of shares, and his application for membership has been approved by the BOD. As such, he is entitled to the Rights and Privileges of a member.

   1. Full-fledge: Regular members who are covered by the Mortuary Aid Plan of the coop.
   2. Not Full-ledge: Regular members who are more than 60 years old upon membership are not entitled to MAP until they outlive five years of paying for the mortuary trust fund.
      
      
2. Associate Members

One who has no right to vote nor be voted upon but shall be entitled to avail of the savings and time deposits of the cooperative. The member may be natural or juridical person.

Qualifications of Regular Members:

1. Membership to the cooperative shall be open to all Ibesaos residing in Besao who are at least 18 years old and with capacity to contract. An Ibesao who is not residing in Besao but who has the intention to patronize the business and services of the coop may also be accepted.
2. Immigrants who have resided in Besao for at least one (1) year may be accepted as members.
3. Have completed the required Pre-Membership Education Seminar (PMES).
4. Should be natural persons.
5. The prospective members should pledge to undertake the duties and responsibilities of members, and use or avail of the services of the cooperative particularly credit, consumers and agricultural services.
6. Physically, mentally abled person.

Member in Good Standing (MIGS)

A member is considered Member in Good Standing if:

1. The member is regularly patronizing the services/business of the cooperative.
2. The member has a good loan repayment record in the coop.
3. The member is attending the activities of the coop like Regular and special GA, zonal meetings and other coop activities.

Application for Membership

1. The applicant should apply in person at the Coop office, submit two (2) ID pictures and xerox copy of birth certificate;
2. Applicant will be pre-evaluated by the Membership Committee and presented to the BOD for action;
3. Subcribe at least one hundred fifty (170) shares with a total value of Seventeen Thousand Pesos (P17,000.00);
4. Pay initial MAP contribution and membership fee;
   • No member shall own more than 10% of the total shares in the cooperative.
   • Full fledged membership is considered upon full payment of minimum share capital.
   • Installment payment is treated as savings deposits until minimum share capital is fully paid.

Requirements

1. Payment of the Minimum Share Capital
2. Payment of Mortuary Aid Plan (MAP) contributions
3. Payment of Membership Fee
4. Completion of the PMES Course
5. Approval by the Board of Directors of his application

 Download Membership Application Form