Frequently Asked Questions

It increases every month through salary deduction, but you can also deposit over-the-counter at CAEMC. You may also increase your share capital contribution by signing an authorization for payroll deduction.

When you become a member of the cooperative, you also take part in building its capital. This means you’re helping fund the coop’s business activities. By signing the authorization for automatic deduction in your membership application form, you agree to regularly contribute to this capital. You can choose to have a minimum amount of Php250 deducted from your salary, or you can opt for a higher amount if you prefer.

A member who defaults in his monthly amortization shall be penalized by a surcharge of 2% per month of the amount due until his arrears have been paid.

• Fill out membership form
• 2x2 colored ID Picture
• Photocopy of your company ID (front and back)
• Photocopy of your any 2 valid government ID (front and back)
• Copy of your Certificate of Regularization
• 200php membership fee.

You may apply again after 1 year of your first coop account termination. Registration is still the same with additional requirement of letter of intent address to our Board of Directors.

NOTE: This is subject for approval.

This is a rebate or refund on the interest you’ve paid on your loans. In other words, a portion of the interest you paid overtime is returned to you as a benefit for being a cooperative member. It's one of the ways the coop shares its earnings and rewards your continued support and timely payments.

First, update your share capital and outstanding loan balance. Thereafter, the CAEMC personnel will assist you in filling the loan application. The application should be submitted to the cooperative with the complete required documents. Processing of loan application shall be 3 to 7 working days upon receiving of the application.

NOTE: Incomplete requirements will not be processed.

The co-maker shall guarantee the payment of the loans and he shall be jointly, severally and solidarily liable with the principal borrower. He/She must be in good credit standing and his income must be equal or greater than the principal borrower. A coop member can act as co-maker for four (4) times only.

You can only apply to renew or restructure your loan if it has been active for at least six months.

Yes, you can invest by placing your money to paid up share: time deposit, savings deposit or young saver's deposit.

You can withdraw your capital contribution by terminating your membership from the coop if you don’t have outstanding balance and accountability as a co-maker.

In case you have an outstanding loan, the balance is due and demandable. Failure to settle said obligations, the CAEMC will be forced to co-makers deduction or undertake legal action.