MEMBERSHIP CLASSIFICATION

Requirements

  1. Share Capital of Php10,000 and above
  2. Total Average Monthly Balance of at least 10,000 on Saving Deposits (Regular Savings, Regular Savings-Employees, Golden Savings, Time Deposit and Mothers’ Premium Savings Plan), provided, balance as of cut-off should not be less than the savings maintaining balance of Php500
  3. Updated loan account or no default amortization of more than one (1) day

Benefits and Privileges

  1. Attend the annual general assembly
  2. Participate in the discussion and vote on all matters during the general assembly
  3. Seek any elective or appointive position, subject to the provision in the By-Law and RA 9520
  4. Access to products and services of PMPC
  5. Priority for invitation to PMPC activities
  6. Loan entitlement: 6.1 up to 200% of total share capital investment and savings deposits or up to 00% of the assessed loanable amount, whichever is applicable based on 5 Cs of credit, subject to the provision in the Members’ Loan Eligibility Policy 6.2. May apply for loan renewal with at least 25% payment on principal for loan products that require at least 50% repayment on principal or after six (6) months repayment, whichever comes first.

Requirements

  1. Share Capital of at least Php8,000
  2. Average Monthly Balance of at least Php5,000 on Saving Deposits (Regular Savings, Regular Savings-Employees, Golden Savings, Time Deposit and Mothers’ Premium Savings Plan), provided, balance as of cut-off should not be less than the savings maintaining balance of Php500
  3. Updated loan account or no default amortization of more than one (1) day

Benefits and Privileges

  1. Attend the annual general assembly
  2. They can participate in the discussion but not entitled to vote on all matters during the general assembly
  3. They are not entitled to seek any elective position.
  4. Access to products and services of PMPC
  5. Priority for invitation to PMPC activities
  6. Loan entitlement equivalent to 150% of total share capital investment and savings deposits, or up to 80% of the assessed loanable amount, whichever is applicable based on 5 Cs of Credit, subject to the provision in the Members’ Loan Eligibility Policy

Requirements

  1. Share Capital of below Php8,000 but not less than Php2,000
  2. Average Monthly Balance of at least Php1,000 on Saving Deposits (Regular Savings, Regular Savings-Employees, Golden Savings, Time Deposit and Mothers’ Premium Savings Plan), provided, balance as of cut-off should not be less than the savings maintaining balance of Php500
  3. Updated loan account or no default amortization of more than one (1) day

Benefits and Privileges

  1. Attend the annual general assembly
  2. They are not entitled to participate in the discussion and vote on all matters during the general assembly
  3. They are not entitled to seek any elective and appointive position.
  4. Access to products and services of PMPC
  5. Loan entitlement equivalent to 100% of total share capital investment and savings deposits, or up to 70% of the assessed loanable amount, whichever is applicable based on 5 Cs of Credit, subject to the provision in the Members’ Loan Eligibility Policy

Requirements

Members are considered Non-MIGS under any of the following circumstances:
– With default loan amortization of more than one (1) day
– Average monthly balance of less than Php1,000 and/or savings deposit balance of less than Php500 as of cut-off

Benefits and Privileges

  1. They are not entitled to attend the annual general assembly, participate in the discussion and vote on all matters during the general assembly, and seek any elective or appointive position.
  2. Loan entitlement of equivalent to loan against investment or deposit, or up to 40% of the assessed loanable amount, whichever is applicable based on 5 Cs of Credit, subject to the provision in the Members’ Loan Eligibility Policy

Rating and Classification Schedule

  • Rating and classification shall be done once a year or every 1st-2nd week of January of the following calendar year.
  • Rating result shall be considered final.
  • The membership evaluation and classification list shall be posted in the PMPC Bulletin Board

 

Rating and classification schedule for 2020 shall be done on March 2021, thus members still have the time from January-February to update their balances and loan accounts for MIGS classification.