- Membership in the cooperative may be terminated either by expulsion or by withdrawal.
- Withdrawal – A member who desires to terminate his membership by withdrawal shall submit application to the Board of Directors.
- Expulsion – A member may be terminated for any of the following causes by a majority vote of all the members of the BODs following due process:
- Continuous failure to comply with his obligations.
- Violation of the provisions in the By Laws.
- For any act or commission injurious or prejudicial to the interest or welfare of the cooperative.
- No member is allowed to withdraw or terminate his membership if he has pending obligations to the cooperative. In like manner, a member who will be terminated for continuous failure to comply with obligations shall settle all her obligations to the cooperative before her application for termination is approved.
- A terminated member may appeal within thirty (30) days after the decision is promulgated, to the General Assembly whose decision whether in a general or special session shall be final. Pending a decision by a general assembly, the membership remains in force.
- Upon termination of membership, the BOD shall determine the book value of the member’s share capital, in no case to exceed the par value, as established at the year end audited financial statement nearest to the date of termination and shall fix the amount thereof in money to be paid subject to the availability of funds.
- A member dismissed terminated his membership from the coop shall be allowed to re-apply for membership.
- A member who voluntary terminated his membership shall be allowed to re-apply for membership after three(3) years.
- A termination fee of Five Hundred Pesos((P500.00) shall be charged from a member who terminates his membership.
Membership Development
April 27, 2026