COOP POLICIES

1. Membership

a. Regular or former employees of Coca-Cola, and other

companies/agencies with existing MOA with the Coop and their heirs
and regular employees of the Cooperative can be a member of the
Cooperative

b. Resigned Members but still an employee maybe re-admitted three (3)

years after resignation however, members who have resigned twice
will no longer be admitted as member.

c. Minimum capital contribution (fixed deposit) requirement per month –

2% of monthly basic pay or Four Hundred Pesos (Php 400.00)
whichever is higher.

d. For contribution not thru payroll deduction, a minimum of total capital

contribution (fixed deposit) of Php10,000.00 is required or he/she may
opt to deposit a minimum of Php500.00 monthly until he/she reach
Php10,000.00

e. To maintain coop membership even after retirement, capital

contribution (fixed deposit) should not be withdrawn upon retirement.

f. Persons qualified to become a member may contribute one time capital

contribution (fixed deposits) of Php10,000.00 or more depending on
funding needs of the Cooperative.

2. Savings

a. Minimum deposits requirement is Ten Thousand pesos (P10,000.00).

Deposits below P10,000.00 must pay One Hundred pesos (P100.00)
per month as below maintaining balance charges.

b. Withdrawable anytime within regular office hours.

c. Fixed Interest Rates: .75% per annum (Subject to change depending

on market conditions)

d. Interest earning are tax free and computed monthly. Not subject to
20% withholding tax.
 3. Loans

KINDS OF LOAN:

1. Coop Pabahay Loan (Housing Loan)

Who can avail of this loan?

1. Member with at least one (1) year membership and at least five (5) years
in service

2. Member with no existing house

3. Member with existing housing loan for refinancing of Coop.

Purpose:

1. Purchase of house and lot

2. Construction of house in an owned lot

3. Refinancing of existing housing loan

Maximum loanable amount:

For members with 15 years and above in service:

= 75% - 100% of retirement pay or 60% of appraised value of property

whichever is lower

For members below 15 years in service:

= 60% of appraised value of property

Maximum Payment Term: 15 years

Requirements:

For Initial Evaluation

1. Latest credit profile/payslips

 2. Xerox copy of title and copy of latest tax declaration as basis for
appraisal of property. Appraisal fee must be paid by the borrower.

For loan processing if qualified in the initial evaluation

1. Accomplish the application form with complete supporting documents

(Blanket Authority to Deduct, Promissory Note, Co-maker
Certification/Authorization)

2. One copy of mortgage agreement form duly notarized

Purchase of House and Lot:

Certification from seller as to the amount, when to deliver the title and
the deed of sale

House construction

Building permit, building plan and estimates, schedule of construction

and completion.

Refinancing of existing loan

Latest statement of accounts

Guarantee letter from the financing/bank when to deliver the title with
duly cancelled mortgage

To relieve the co-makers from their liability the borrower must submit to
Coop the title with annotation of the mortgage within 30 days after release
of checks. All cost incurred regarding mortgage must be shouldered by the
borrower.

Interest (not deductible from loan proceeds)

Loan Amount - - - - - - - - - - - - - Rate based on diminishing balance

below 2M 12%

2M – 3M 14%

4M – 5M 16%

more than 5M 18%

2. Real Estate Loan (can be availed of by members with at least 5 years in
service)

Maximum loanable amount

For members with 15 years and above in service:

= 75% - 100% of retirement pay or 60% of appraised value of property

whichever is lower

For members below 15 years in service:

= 60% of appraised value of property

Maximum Payment Term - 15 years

Interest Rate - 18% based on diminishing balance

- interest is not deducted from the

loan proceeds.

Requirements:

For Initial Evaluation

1. Latest credit profile/payslips

2. Xerox copy of title and copy of latest tax declaration as basis for
appraisal of property. Appraisal fee must be paid by the borrower.

For loan processing if qualified in the initial evaluation

1. Accomplish the application form with complete supporting documents

(Blanket Authority to Deduct, Promissory Note, Co-maker
Certification/Authorization)

2. One copy of mortgage agreement form duly notarized

3. Certification from seller as to the amount, when to deliver the title and
the deed of sale
 To relieve the co-makers from their liability the borrower must submit to
Coop the title with annotation of the mortgage within 30 days after release
of checks. All cost incurred regarding mortgage must be shouldered by the
borrower.

Condo Loan availment is open to members for a maximum of 10 year term

only, subject to real estate loan policy.

3. Multi-purpose loan

For employees with less than one (1) year of regular service.

Maximum Loanable Amount:

Based on available Net Disposable Income (NDI)

Maximum Payment Term - 1 year only

Co-makers Required:

3 co-makers with at least 1 year in service

For employees with at least one (1) year upto 3 years in regular service.

Maximum Loanable Amount:

Based on available Net Disposable Income (NDI)

Maximum Payment Term - Maximum of 3 years

Co-makers Required:

One (1) comaker for every Php25,000 but minimum of 3 comakers.

For employees with more than three (3) years in regular service.

Maximum Loanable Amount:

Based on available Net Disposable Income (NDI)

Maximum Payment Term - maximum of 5 years

Required Co-makers:

Years in Service - - - - - - - - - - - No. of Co-makers

Less than 5 years one (1) for every P25,000

5 – 9 years one (1) for every P50,000

10 – 14 years one (1) for every P75,000

15 years and above one (1) for every P100,000

Maximum Payment Term - 5 years

Interest Rate: 18% based on diminishing balance

Note: For all loan availment number of co-makers must at least 3

POLICY ON LOAN TRANSFERRED TO COMAKERS

Please be informed that co-makers’ share on unpaid accountability of the borrower

will now be deducted as follows:

Share on Unpaid Balance - - - - - - - - - - -Terms

1,000 - 10,000 6 mos.

10,001 - 20,000 1 year

20,001 – 50,000 2 years

 50,001 and above 3 years

In case the co-maker applies for loan, the balance of his/her share as co-maker will
be added to his/her new loan.

However, unpaid balance of co-makers’ share in the event of his/her

resignation/termination will be automatically transferred to the remaining co-makers.

For your info.

UPDATE ON IN HOUSE LIFE INSURANCE BENEFITS

Please be informed that our In House Life Insurance was converted to Burial
Assistance as follows:

Years as Coop Member- - - - - - - - - - -Assistance Amount

0 to 1 year Php 10,000.00

Above 1 to 2 years 20,000.00

Above 2 to 3 years 30,000.00

Above 3 to 4 years 40,000.00

Above 4 to 5 years 50,000.00

Above 5 years 100,000.00

Said policy took effect last February 23, 2013.

Please be guided accordingly.

Policy on Separated or Non-Employee Members:

I. Share Capital

 Members with share capital of less than Php10,000.00 are required to deposit a
minimum amount of Php500.00 monthly until his/her share capital reach the
minimum amount of Php10,000.00. At this point, he/she may or may no longer
continue to make additional contribution.

 Members are allowed to make lump sum deposit to complete the Php10,000.00
requirements. Additional investments maybe accepted by the Coop depending
on funding need.

 Members with less than Php10,000.00 share capital and failed to deposit six (6)
consecutive months of Php500.00 monthly, his share capital contribution will
be transferred to Accounts Payable account.

 Members must pay in full their required monthly capital contribution in order to
restore back to Share Capital account.

II. Dividends

 Separated or Non-employee members share the same dividend computation with

employee members.

 However, account transferred to Accounts Payable account will not earn

dividends.

III. Burial Assistance Benefit

 Members with at least one (1) year of membership are entitled to this benefit.

Total Contribution (Net of Loan Balance) Assistance Amount

1,000 to 50,000 10,000

50,001 to 100,000 30,000

100,001 to 299,999 50,000

300,001 and above 100,000

For members with less than Php300,000 deposit but already member for at
least ten (10) consecutive years will be entitled for Php100,000 burial
assistance benefit.

IV. Loan Policy

Maximum Loanable Amount = 75% of total contribution

Loan Term is agreed upon provided total loan balance is not more than the
contribution. Members whose loan balance is more than contribution will
automatically be considered resigned.

No co-makers required