Birmingham
Village
Development
Cooperative
1. Pre-membership
Education Seminar (PMES):
What is a Cooperative?
What is it’s purpose?
What are the Principles?
How does it work and operate?
What are my benefits?
What are my responsibilities?
2. Fill-up Application
Form:
Members data – Your personal
Information
Capital Subscription – Your Investment
Savings Mobilization – Your Pledge to save regularly for the Future.
3. Pay a One Time
Membership Fee:
PHP 100.00 (One Hundred Pesos)
Refundable once membership is not approved.
4. Make your
investment:
PHP 500.00 (Five Hundred Pesos)
Five (5) Shares
1 Share = 100.00 Pesos
5. Pledge your Subscription:
Fifty (50) Shares = PHP 5,000.00
Your Subscription shall
be the amount of shares you undertake to save for a certain period.
Members who have Fully paid their subscription (50
shares) shall be regarded as REGULAR MEMBERS.
Regular Members
Completed 50 shares
subscription.
Not delinquent in any
payment.
Have the right to vote
in General Assembly.
Have the right to vote
in Regular and Special Elections.
Have the right to run as
Board of Directors.
Fifty (50) Shares = PHP 5,000.00
Savings Mobilization Program:
Minimum of PHP 100.00
per month
Can be upgraded at any
time.
Can save more than your
monthly savings due.
Every Fifty Shares Bought
PHP 5,000.00
Issuance of Certificate of Share Capital
-Proof of Investment
-Can be sold to the Coop or other members at par value.
-Can be used as collateral.
-Guaranteed investment for the future.
Once you completed your
subscription, you can opt to subscribe to any amount of shares by filling up a:
Share Subscription Investment Form
Or you can just continue
saving monthly by payment and filling up a:
Savings Capital Deposit form
Maximum Savings = 2000 Shares = 200,000.00 Pesos
Download Membership Form here: