Achievements and Rewards
- Criteria on Membership Incentive Awards
- Collection effectivity (participation in capital structure)
- Yearly increasing voluntarily their share capital for at least 3 years.
- Yearly increasing voluntarily their savings deposit for at least 3 years
- Voluntarily replenishing the Mutual Assistance Program (MAP) and Fire Assistance Program (FAP).
- Member in Good Standing
- Patronize the services regularly (Patronage record)
- Good repayment record – not delinquent for at least 3 years
- Attendance to Coop activities like Gen. Assembly, MES and other coop activities that need members’ participation
- Solicitation of fund for the cooperative
- Prepared and submitted project proposal to funding agencies
- Provided ideas to officers on fund sourcing
- Extra-ordinary activities that contributed to the upliftment/growth of the cooperative or visible impact of coop programs and services to the member.
- The management shall identify the members who have exemplary achievements based on the above and recommend for approval by the BOD.
- The rewards shall be determined by the BOD which may be in cash or in kind, plaques or certificates and shall be given during the General Assembly.
- Rewards for the above achievements shall be taken from the Coop Guarantee Fund of the cooperative.
