MEMBERSHIP DOCUMENTARY REQUIREMENTS Photo ID (1 piece 1x1 & 2x2) Photo copy of any one valid ID (SSS ID, BIR/TIN, Voters ID, Senior Citizen ID Driver’s license, passport, Postal ID, etc. Marriage contract ( Married ) Birth Certificate ( Single ) 55 & above is required to have a medical certificate 45
Membership FEES Regular Youth Saver Share Capital P 1, 000.00 P 50.00 Initial Savings 500.00 50.00 Mortuary Fund 500.00 Membership Fee 200.00 Coop Passbook/ID 100.00 50.00 TOTAL P 2,300.00 P 150.00 No application for membership shall be approved without the accompanying requirements herein set forth. 46
DUTIES AND RESPONSIBILITIES
DUTIES AND RESPONSIBILITIES OF A MEMBER Pay in full the share capital subscribed of sixty (60) shares Obey the laws, amounting to Fifteen by-laws, policies, Thousand Pesos Pay the P400 Pay the loan and its (P15,000.00), within monthly implementing amortization as a period of three (3) capital build- rules, regulations it falls due ; years from date of and procedures; up; admission of membership;
Cont… Promote and Patronize at all times the aims and Participate in Attend and participate purposes as well as the in all meetings of the the products and services of cooperative where membership the Cooperative and be attendance and education mindful always of all participation is required, programs; activities and endeavors observing at all times toward the total and full proper decorum and development of all its discipline; members and not for a single or group of individuals only
AMPC-Ed.Com SAVINGS DEPOSIT AND OTHER ALLIED PRODUCT & SERVICES
51
SAVINGS DEPOSIT REGULAR SAVINGS Interest rate is 3-5% & Tax Free Minimum Deposit of P100 to P500.00 52
SAVINGS DEPOSIT 53
EDUCATION SAVINGS SAMPLE COMPUTATION Initial deposit required 500 Monthly contribution 100 savings period 60mos Interest rate 5% Total deposit 6,500.00 Total Interest earned 1,100.44 Deposit Balance Interest Total 1st year 1,700.00 85.00 1,785.00 2nd year 2,985.00 149.25 3,134.25 3rd year 4,334.25 216.71 4,550.96 4th year 5,750.96 287.55 6,038.51 5th year 7,238.51 361.93 7,600.44 54
RETIREMENT SAVINGS SAMPLE COMPUTATION Initial deposit required 500 Monthly contribution 300 savings period 60mos Interest rate 5% Total Deposit 18,500.00 Total Interest earned 3,025.03 Deposit Balance Interest Total 1st year 4,100.00 205.00 4,305.00 2nd year 7,905.00 395.25 8,300.25 3rd year 11,900.25 595.01 12,495.26 4th year 16,095.26 804.76 16,900.03 5th year 20,500.03 1,025.00 21,525.03 55
HOME EQUITY SAVINGS SAMPLE COMPUTATION Initial deposit required 500 Monthly contribution 500 savings period 60mos Interest rate 5% total deposit 30,500.00 Total Interest earned 4,949.62 Deposit Balance Interest Total 1st year 325.00 6,825.00 6,500.00 2nd year 641.25 13,466.25 12,825.00 3rd year 973.31 20,439.56 19,466.25 4th year 1,321.98 27,761.54 26,439.56 5th year 1,688.08 35,449.62 33,761.54 56
AUTO SAVINGS SAMPLE COMPUTATION Initial deposit required 500 Monthly contribution 500 savings period 60mos Interest rate 5% total deposit 30,500.00 Total Interest earned 4,949.62 Deposit Balance Interest Total 1st year 6,500.00 325.00 6,825.00 2nd year 12,825.00 641.25 13,466.25 3rd year 19,466.25 973.31 20,439.56 4th year 26,439.56 1,321.98 27,761.54 5th year 33,761.54 1,688.08 35,449.62 57
LEISURE SAVINGS SAMPLE COMPUTATION Initial deposit required 500 Monthly contribution 100 savings period 36mos Interest rate 5% total deposit 4,100.00 Total interest earned 450.96 Deposit Balance Interest Total 1st year 1,700.00 85.00 1,785.00 2nd year 2,985.00 149.25 3,134.25 3rd year 4,334.25 216.71 4,550.96 58
TIME DEPOSIT 59
TIME DEPOSIT SAMPLE COMPUTATION Interest= P x % x # days 365 Term 3 mos 6 mos 9 mos 12 mos Principal 5,000.00 5,000.00 5,000.00 5,000.00 Interest 43.15 93.70 147.95 250.00 Total Savings 5,043.15 5,093.70 5,147.95 5,250.00 60
INVESTMENT DEPOSITS Open to regular members Initial savings is P100.00 and monthly deposit of P100 Term (12mos, 18mos ,24mos, 30mos, 36mos and 48mos Interest rate due is 9% per annum 61
INVESTMENT DEPOSITS Open to regular members Initial savings is P 200.00 and monthly deposit of P200 Term (12mos, 18mos ,24mos, 30mos, 36mos and 48mos Interest rate due is 9% per annum 62
INVESTMENT DEPOSITS • ID200 deposit plan can be paid by QUARTERLY, SEMI-ANNUALLY OR ANNUALLY: PLAN TYPE DEPOSIT AMOUNT ID 200Q (Quarterly) P 600 ID 200S (Semi-annually) P1,200 ID 200A (Annually) P2,400 • Members may opt to open several or combination of plans up to 20 units. 63
AMPC DIVERSIFIED PRODUCTS & SERVICES 64
BILLS PAYMENT AMPC accept payment of the following: Davao Light, Meralco, Veco, Dasureco, Ilo-ilo Electric Cooperative PLDT, Bayantel,Globe,Smart, Suncellular Skycable,Cignal,Planet Cable,CableLink Credit Cards- AUB, BPI AirLines- Cebu Pacific, PAL NSO Malayan Insurance And many more 65
66
ELECTRONIC LOADING CENTER
HEALTHCARE AND WELLNESS PROGRAM
INSURANCE PLAN COOP FAMILY PLAN Designed to give protection to at least 5 members of the family GLAFI (Group Life & Accident with Fire Insurance) - Designed to give protection for Individual Plan only. COOP AKSI (Personal Accident Insurance) KEYMAN PROTECTION PLAN (accident insurance for white collar positions like executives, doctors, dentists, managers and coop leaders) TRAVEL PERSONAL Accident Insurance 69
INSURANCE PLAN STUDENT ACCIDENT INSURANCE (accident insurance for student) CHAIN INSURANCE Covers daily hospital benefit in excess of twenty four (24) hours confinement due to sickness or accident MOTOR CAR INSURANCE FIRE INSURANCE (Residential and Commercial Building) 70
LTO SERVICES A. Renewal of Motor Vehicle Registration (Davao city and outside Davao city ) A. Transfer of Ownership on Motor Vehicle Registration (Davao City & Outside Davao City ) 71
DAMAYAN SERVICES Contribution P15.00 Regular Member P5.00 Associate Member (See Mortuary Fund Policy at the back of the Application for Membership 83
DAMAYAN FUND POLICY Mortuary fund of Five hundred pesos (P500.00), shall be collected from coop members upon acceptance and approval of application. It shall be a policy of AMPC to require all members to maintain a minimum monthly mortuary fund deposit of Two Hundred Pesos (P200.00) with an obligation to monitor that the same mortuary fund deposit shall not be depleted. 84
DAMAYAN FUND POLICY % of Mortuary Amount of Share Capital Contributions @ Contribution (Php15) Php15.00/member 1,000-2,999 65% 9.75 3,000-4,999 70% 10.50 5,000-6,999 75% 11.25 7,000-8,999 80% 12.00 9,000-10,999 85% 12.75 11,000-12,999 90% 13.50 13,000-14,999 95% 14.25 15,000 and Above 100% 15.00 The bigger the amount of share capital, the bigger mortuary benefits assured. 85
DAMAYAN FUND POLICY Duration of Membership % of Mortuary Fund Benefit less than 1 month 5% of MFB 1 month 8% 2 months 17% 3 months 25% 4 months 33% 5 months 42% 6 months 50% 7 months 58% 8 months 66% 9 months 74% 10 months 83% 11 months 92% 12 months 100% 86
DAMAYAN FUND POLICY • Unclaimed mortuary benefits after the considerable lapse of time despite the fact of death as evidenced by the pertinent certification shall be forfeited based on the following: Place of Death Days after the date of death Davao City 90 days Outside Davao City 180 days Abroad 360 days 87
AMPC-Ed.Com WORKSHOP
AMPC-Ed.Com LOAN PRODUCT & SERVICES
Loan Portfolio • Loan portfolio is the total of the loans held by the cooperative • The objectives of achieving safe and sound loan portfolio management are: – To maintain confidence of depositing members – To protect the funds of the cooperative – To produce the major portion of the cooperative’s income 90
Loan Portfolio • Achieving objectives requires: – Developing and adhering to policies and procedures – Exercising sound judgment with every loan granted 91
Loan Portfolio • Every loan contains an element of risk! • Risk = the chance or probability of loss due to uncertainty about future events; interest rates; market conditions and the borrowers ability to make payments 92
Basic Questions • With every loan application under consideration, the same basic questions must be answered • Purpose: – What will the borrower use the money for? – Is the purpose acceptable according to cooperative policy? 93
Basic Questions • Borrower credit worthiness: – How will the borrower repay? – Is there a clear source of income? – How consistent/steady is the income? – How financially skilled is the borrower? – What do the borrower’s budgets and cash flow projections show? – Is there a ‘track record’ for this borrower? 94
Basic Questions • Loan Structure: – What length of loan is the borrower requesting? – Is it within cooperative guidelines for the loan purpose? – What frequency of payments suit the borrower? – What frequency of payments suit the cooperative? – What interest rate would apply? 95
Basic Questions • Risk Management: – What is being offered as collateral/security? – Is the value of the collateral/security reasonable compared to the value of the loan? – If the cooperative had to seize the collateral to repay the loan, could the collateral be sold? Would the sale price pay off the loan? – What protection will the cooperative have against unforeseen circumstances? 96
The 5 C’s of Lending • Character • Capacity • Capital • Credit • Collateral Each of the basic questions, and each component of the 5 C’s of lending requires either information from the borrower, or analysis by the Loan Officer/BM/Lender 97
The Application Interview • Member Identification – Name; Address; – Phone Number(s) – Date of Birth – Valid identification number – Marital status – Name of spouse or life partner – Number of dependents (children or adults) 98
The Application Interview • Employment Information – Current employment – How long? – Income? – Can the income be proven? • Review sample application • Discussion 99
LOAN PRODUCT BACK TO BACK EMERGENCY BUSINESS LOAN COMMERCIAL SALARY LOAN VENDORS LOAN PENSION ASSET ACQUISITION 100
BUSINESS LOAN The purpose of this loan is to finance the business requirements of the member and future member such as: a. Additional working capital, b. Business expansion capital, c. Purchase of equipment and machinery, d. Purchase of real estate or properties for commercial purpose and other business-related purpose and/or any other legal purposes. 101
BUSINESS LOAN FEATURES SPECIFICATIONS Who can avail? AMPC Member with minimum paid-up capital of P30,000 Self-employed/businessmen with profitable registered business for 3 years Loan Amount Minimum-P100,000 Maximum – P10,000,000 Repayment Term Up to 60 months Interest rate .98%/month flat rate Collateral House and Lot; Commercial/Residential Lot Commercial lot and building; Agricultural farm (except certificate of land ownership award or CLOA with in prohibited period and patent with in prohibited period). Mode of Payment Monthly or Semi-Monthly PDC 102
SALARY LOAN The purpose of this loan is to provide alternative funds to members needing such amount for business or any personal purposes such as: a. Purchase of consumer goods, b. Personal property and services, c. Debt consolidation, d. Home renovation, e. Tuition fees, f. Planned vacation, g. Medical,etc . The repayment is from the borrower’s wages or salary. 103
SALARY LOAN FEATURES SPECIFICATIONS Who can avail? Must be a member of AMPC with share capital of P1,000 Regular/Permanent employee of at least One (1) year of continued service 18-65 years old Minimum Gross Monthly Income- P8000 Residence tenure- If renting, 1 year residency Must have a residence or office landline/post-paid line Loan Amount Minimum-P10,000 Maximum – P350,000 Repayment Term Up to 60 months Interest rate Up to 36mos.- 1.08% flat or 2% dim. Up to 60mos.- 1.33% flat or 2.5% dim. Collateral No Collateral Mode of Payment Monthly or Semi- Monthly Thru ATM Payroll card deduction or Salary deduction ( Group MOA) Co- Maker Co-Maker is required, must be a member in good standing 104
VENDORS LOAN Vendor’s Loan is a short term and unsecured loan which is scheduled to be repaid within a short time of period from 30 days to 90 days on a daily basis This loan does not require collateral and the cooperative relies solely on the borrower’s credit history and credit score. It is intended to finance working capital requirements of members engaged in small scale entrepreneurship and other related ventures with income on a daily basis These loans are immediately delivered, enabling the borrower to operate with increased liquidity. 105
VENDORS LOAN FEATURES SPECIFICATIONS Who can avail? AMPC Member in good standing Small-scale business entrepreneurs with businesses located near AMPC branches Distant location is allowed provided that there is a minimum of 10 Vendor's Loan borrowers in that area. Loan Amount Minimum-P5,000 Maximum – P20,000 Repayment Term 60 to 90 days Interest rate 2%/month flat rate Collateral No Collateral Mode of Payment Daily Savings Required? Yes. Mandatory – Savings Mobilization of P10 to P20 which is included in the daily amortization Financial Education Yes. Mandatory Required? 106
BACK TO BACK LOAN Back-to-Back Loan is a standby loan available to existing Shareholder, Savings and Time Deposit account holders Secured by time deposits, unencumbered savings deposit or share capital It intends to bridge financial gaps for personal and business purposes Payable with interest in fixed monthly or semi-monthly installments 107
BACK TO BACK LOAN FEATURES SPECIFICATIONS Who can avail? Member in good standing Has no delinquent loan, With share capital deposits, Time Deposit or savings deposits other than regular savings Loan Amount Minimum-P1,000 Maximum – based on member’s deposits: Share Capital – 90% Time deposit - 100% Other deposits – 100% ( except regular savings) Repayment Term Up to 36 months or depending on deposit maturity Interest rate .88% per month flat rate Collateral Hold-out deposits/Time deposit certificate Mode of Payment Weekly, Bi-Monthly, Semi-Monthly, Monthly via Auto Debit/Over the Counter/ PDC Co- Maker Co-Maker is not required 108
PENSION LOAN The purpose of this loan is to provide alternative funds to member- borrower who is pensioner needing such amount for business or any personal expenditures such as: a. Purchase of consumer goods b. Personal property and service services, c. Home renovation, d. Planned vacation, e. Medical, etc. The repayment is from the member’s pension. 109
PENSION LOAN FEATURES SPECIFICATIONS Who can avail? Member of good credit standing with no booked/availed pension loan in other financial institution such as: Pensioners (SSS, GSIS, PVAO/USAFE, AFP, PNP, Pension- Survivor) Loan Amount Maximum of P100,000 Repayment Term Up to 36 months - P50,000 and below – 18 months - P51,000 to P100,000 – 36 months Interest rate Up to 12mos. – 2% dim./mo. More than 12mos. – 2.5% dim./mo. Collateral No collateral, only ATM Card deposited Mode of Payment Monthly or Semi- Monthly Thru ATM Payroll card deduction or Salary deduction ( Group MOA) Co- Maker Co-Maker is not required 110
EMERGENCY LOAN This type of loan is a short term loan intended for “Emergency” purposes or event that could not be reasonably expected to occur, and is unlikely to occur again 111
Recommend
More recommend
