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Membership Application and Subscription Agreement

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I hereby apply for active membership to the HPP Employees Multipurpose Cooperative (hereinafter referred to as the "Cooperative") and that I agree to the following terms and conditions:

1. To comply with the provision of the Articles of Cooperation, the Bylaws, the policies set by the Board of Directors, the General Assembly, as well as the acts/directives of duly constituted authorities, and that failure on my part to do so, the Cooperative at its option, may impose fine, suspend, or expel me from membership, whereupon my liabilities to the Cooperative, if any, shall be chargeable against my shareholdings.

2. To attend a Pre-Membership Education Seminar (PMES) to be given by the Cooperative.

3. To attend and actively participate in the Annual General Assembly and all meetings, conferences, and seminars as required by the Board of Directors.

4. Pay a one-time membership fee of P200.00 (may be done thru auto-debit/payroll deduction.

5. Subscription Agreement:

5.1. I agree to subscribe to a minimum of 200 shares valued at P20,000.00 and paying for them either in lump sum or installment. If on installment, initial 200 shares subscribed will be paid thru monthly capital build-up.

5.2. I agree to an initial share capital contribution of at least P1,000.00 (one-time, thru auto-debit/payroll deduction).

5.3. I agree to a share capital build-up of at least P500.00 (monthly, thru auto-debit/payroll deduction).

5.4. I agree to deposit 10% of every regular loan granted as Retention Fund (or whatever % as may be determined by the Board of Directors).

6. Each Regular Member will be assessed the cost of one (1) raffle ticket per month (i.e. P50.00/month) for the Annual General Assembly raffle/celebration.

7. Commit to patronize the products of the Cooperative.

8. Understand, commit, and sign the Cooperative's Code of Governance and Ethical Standards.

9. Fill-up, sign, and submit the corresponding auto-debit or payroll deduction form to facilitate collection of your HPPCOOP contributions/payments.

 

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Contact Us

Address: 

11F Intellectual Property Center
McKinley Hill, Taguig City

 Phone:

+63-2-7975-4087

 Email:

 admin@hpp.coop

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