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Saturday, October 3, 2009

How to become FICCO member?

Becoming a FICCO member is relatively easy, you only do the following steps and comply the following requirements:

  1. Ask for an application for membership.
  2. Submit application for membership and the requirements (i.e. Brgy. certification, Residence Certificate). Upon completion of step 1 and 2 you are given a schedule to attend Pre-membership Seminar (PMS).
  3. Attend the PMS on your scheduled date. The normal PMS day is Saturday 1:00-4:00Pm, subject to questions and answer. Note: before the PMS start you are normally given the Specimen signature card and MBA application. You may fill it up in advance.
  4. Deposit the required amounts P 100 share, P 100 savings, P 50 MBA membership fee, P90 MBA contribution (1 mo and P90 per mo. thereafter).
  5. Get your savings and share capital passbook 3 to 4 days after or as may be advice by FICCO staff.
The above steps is very easy to comply. There should be no reason for anybody to ask for exemption of PMS. As this component is very vital to new members on the principles of cooperativism and the philosophy of cooperatives.

On the other hand, next part is more challenging to a new member. this is to maintain the habit of savings for the next 4 months and to raise P 3,000 in order for him to become a regular member. Over this a member has to maintain P 90 for MBA per month. Mutual Benefit Association (MBA) is the FICCO micro insurance for its members. Insurance is very important for us, I have written an article on this previously titled "Is insurance imporant?"

10 comments:

richard M.casoyon said...

good day,

I am an OFW based in Qatar and a permanent resident of Ciudad de Esperenza in Buhangin Davao City.

I am interested to be a member but the constraint is I can not come in person since the schedule of my vacation is will be this march by next year.

Can I apply as member and what would be the possible procedure.

Thanks


Richard M.Casoyon
Doha Qatar
00974-5809484
email richard_casoyon@yahoo.com

junalyn said...

Hi Sir Toti!

I am really thankful to have found this site. Right now, I am actually contemplating as where to invest my hard earned money working abroad. I have research online about which is better: putting in the bank or investing in cooperatives such as FICCO. It is an answered question when I got the chance to browse your blog entitled: Coops better than Banks? That has given me enlightenment for the thought I had for weeks.

For your information and assessment, I joined FICCO 6 years ago but I doubt if my account is still in your system since after I joined and registered I had never made any deposit again after the seminar.

Also, I will be taking my annual leave on May 2011 so I planned to reactivate my account or to register again if that will be needed. I hope you could assist me in this regard.

Thanking you in advance for your assistance.

Junalyn Eulogio
janeulogio@yahoo.com

junalyn said...

Hi Sir Toti!

I am really thankful to have found this site. Few days back, I was actually contemplating as where to invest my hard earned money working abroad. I have research online about which is better: putting in the bank or investing in cooperatives such as FICCO. It is an answered question when I got the chance to browse your blog entitled: Coops better than Banks? That has given me enlightenment for the thought I had for weeks.

For your information and assessment, I joined FICCO 6 years ago but I doubt if my account is still in your system since after I joined and registered I had never made any deposit again after the seminar.

Also, I will be taking my annual leave on May 2011 so I planned to reactivate my account or to register again if that will be needed. I hope you could assist me in this regard.

Thanking you in advance for your assistance.

Junalyn Eulogio
janeulogio@yahoo.com

Anonymous said...

Do you have branch in Cebu? I live in Banilad, Mandaue.

Toti said...

We have no branch in Cebu yet. THe only branch we have in visayas is in bohol. May be in the years to come we can open a branch in cebu.

jeffrey said...

Good day Sir!
I am a Filipino working in Japan from Cagayan de Oro City.

I had FICCO account in Tiano St. but had long closed it. I was wondering if I can open a new account in your main office in Corrales St. but the thing is I can't come in personally.
Is it possible to open an account while I am not in there? I just want to invest my money.
Thanks a lot. Please respond.

Jeffrey Bahian
jbb_49@yahoo.com

Anonymous said...

Hai im joeylyn pacomios may i know kung anong branch nka work si mrs. Sol bautista?

Jasmin Salvadico said...

Hello, may I know where the ficco branch in davao is? Thank you.

greena Lynch said...

Hi Junalyn,

I have the same case with you, I wasn't able to follow up on my account because of work. Dis you have the chance to re activate your account?

Thanks,
Kate

greena Lynch said...

Hi Junalyn,

I have the same case with you, I wasn't able to follow up on my account because of work. Dis you have the chance to re activate your account?

Thanks,
Kate