As a cooperative member, you are entitled to certain rights and expected to fulfill responsibilities that help sustain the organization. This guide outlines what you can expect as a member and how you can actively contribute to the cooperative’s growth and success.
Duties and Responsibilities of Members
- Payment of the Minimum Share Capital
- Payment of Mortuary Aid Plan (MAP) contributions
- Payment of Membership Fee
- Completion of the PMES Course
- Approval by the Board of Directors of his application
Rights of Members
- Participate in deliberations during membership meetings.
- Vote on all matters brought on all such meetings.
- Members are entitled to vote when they have complied with all the qualifications for membership and are members in good standing.
- Seek any elective position, subject to the Qualifications and Disqualifications for Officers.
- Avail of the services without discrimination whatsoever upon compliance with the conditions and requirements thereof.
- Inspect and examine the books of accounts, the minutes, the share register, and other records of the coop during office hours and to exercise other rights and privileges of membership with the exception of the Individual Ledgers which shall be examined with the consent of the owner.
- Members are entitled to vote when they have:
- Paid the required membership fee of Fifty Pesos (P50.00) and the value of at least one hundred(100) shares, as provided in Section 2, Art. II of the By Laws.
- Not been delinquent in the payment of his capital contributions and accounts.
- Not violated any provision in the By Laws, rules and regulations, circulars/memoranda and any other issuances of the CDA, membership and subscription agreements and other instruments required of him to exercise as provided in these By Laws or as prescribed by the Board of Directors.
- Attended and completed the prescribed cooperative seminars.
- Patronized regularly the business of the cooperative and participates in its parliamentary affairs.
- Complied with all obligations, duties and undertakings of membership.