Email: clrl_pfcco@yahoo.com.ph / info@pfcco-clrl.coop Contact Nos.: (044) 794-6145 / 0917-820-0225

Types of Membership

Membership in this League shall be limited to credit cooperatives and similar types of cooperatives with savings and loaning services duly registered under the Cooperative Law of the Philippines. Moreover, such cooperatives must subscribe to the statement of credit union beliefs and operating principles. The following are the Central Luzon Region League’s two (2)-membership category, with its definition and characteristics:

A. Regular Member

  1. Shall pay the required Membership Fee of Five Hundred Pesos (P 500.00) only;
  2. Shall invest in the League’s Central Finance Facility a minimum of Ten Thousand Pesos (P 10,000.00) for share capital, and minimum of Five Thousand Pesos (P 5,000.00) and/or Ten Thousand Pesos (P 10,000.00) for savings and time deposit, respectively;
  3. Shall increase its share capital investment to Twenty Thousand Pesos (P 20,000.00) in the next two years at Five Thousand Pesos (P 5,000.00) per year, and shall participate in the annual mandatory capital build-up of a minimum of Two Thousand Pesos (P 2,000.00) per year to maintain its voting status.
  4. Shall be required to remit the 50% of their CETF for educational and training activities. (In case of multi-affiliations, it shall remit not less than 25% of the CETF due to Apex).
  5. Shall pay the minimum annual due of one thousand pesos (P 1,000.00) or as follows, whichever is higher:
    • Less P 50 Million asset size:   P 5.00 per head/year but not to exceed P 20,000.00
    • Over P 50 Million asset size:   P 5.00 per head/year but not to exceed P 30,000.00
  1. Has the right to take part in the general decision-making of PFCCO-Central Luzon
  2. Has the right to elect and be elected as Board of Directors and sub-committee officers of PFCCO-Central Luzon.
  3. Has the privilege to avail of loan and savings facilities of PFCCO-Central Luzon

B. Associate Member

  1. Shall pay the required Membership Fee of Five Hundred Pesos (P 500.00);
  2. Shall invest with the League an initial share capital investment of Five Thousand Pesos (P5,000.00), provided that within two (2) years from date of its membership, it shall increase its share capital investment to Ten Thousand Pesos (P 10,000.00) to comply with the minimum requirement for regular member.
  3. Shall open either savings or time deposit account with the League.
  4. Shall be required to remit the 50% of their CETF for educational and training activities. (In case of multi-affiliations, it shall remit not less than 25% of the total CETF due to Apex).
  5. Shall pay the annual due of P 1,000.00 regardless of the number of members;
  6. Has no right to elect and be elected as officers;
  7. Has no right to take part in the decision-making, but can provide suggestion for the improvement of the League;
  8. Has the privilege to receive information of CLRL product updates and newsletters;
  9. Not entitled to avail of loan services;
  10. Has the right to deposit and withdraw; and
  11. Prospective or soon-to-be a regular member