What are the requirements upon membership?

After attending the Pre-Membership Seminar or Online Seminar, the following must be submitted:

  • Accomplished Membership Application Form
  • Photocopy of Appointment Letter from Chancery
  • Photocopy of 2 Valid IDs (Celebret and Government ID)
  • 2 pieces 2”x 2” Photos
  • Tax Identification Number (TIN)
  • Membership Fee: PHP 1,000.00
  • Initial Capital Share (Minimum PHP 10,000.00; Maximum PHP 1,000,000.00)

What are the types of membership?

Regular Member – May avail of all products and services offered by the Cooperative. Regular Members also have voting rights and may serve as officers of the Cooperative.

Members in Good Standing (MIGS) - Enjoys the same rights and privileges as a Regular Member and has attended at least two consecutive General Assemblies, faithfully paid at least three loans, and has no delinquent accounts.

Associate Member - An eligible member who does not yet hold Regular Membership status. Associate Members may become Regular Members upon meeting the Cooperative's requirements and approval from General Assembly.

 

What is a Share Capital?

Share Capital is the member’s investment to Solidaritas Credit Cooperative. It cannot be withdrawn unless membership is terminated. Share capital may be used as a collateral for some loan products.

How much is our required share capital?

Members are required to reach a minimum of PHP 10,000.00 share capital and maximum of PHP 1,000,000.00

What is Regular Savings?

Regular Savings is the member’s savings account with atleast PHP 100,000.00 deposit balance to gain interest.

How to avail of our loan products?

Only Priests members of cooperative may avail of our loan products.

Does Solidaritas Credit Coop offer other insurance products?

Yes, SCC offers Climbs Insurance.