FREQUENTLY ASKED QUESTIONS

Barangka Credit Cooperative of BCC is a primary multi-purpose cooperative duly registered under the Cooperative Development Authority with registration number of 9520-16012864.

“ART. 32. Composition of the General Assembly. The general assembly shall be composed of such members who are entitled to vote under the articles of cooperation and bylaws of the cooperative.

“ART. 34. Meetings. (1) A regular meeting shall be held annually by the general assembly on a date fixed in the bylaws, or if not so fixed, on any dated within ninety (90) days after the close of each fiscal year: Provided, That notice of regular meetings shall be sent in writing, by posting or publication, or through other electronic means to all members of record.

Source: RA9520 Chapter IV Administration Article 32 & 34 Meetings (1)
https://www.cda.gov.ph/resources/issuances/philippine-cooperative-code-of-2008/republic-act-9520
“ART. 33. Powers of the General Assembly. The general assembly shall be the highest policy-making body of the cooperative and shall exercise such powers as are stated in this Code, in the articles of cooperation and in the bylaws of the cooperative. The general assembly shall have the following exclusive powers which cannot be delegate:

“(1) To determine and approve amendments to the articles of cooperation and bylaws;

“(2) To elect or appoint the members of the board of directors, and to remove them for cause. However, in the case of the electric cooperatives registered under this Code, election of the members of the board shall be held in accordance with its bylaws or election guideline of such electric cooperative; and

“(3) To approve developmental plans of the cooperative.

“Subject to such other provisions of this Code and only for purposes of prompt and intelligent decision-making, the general assembly may be a three-fourths (3/4) vote of all its members with voting rights, present and constituting a quorum, delegate some of its powers to a smaller body of the cooperative. These powers shall be enumerated under the bylaws of the cooperative.

Source: (RA9520 Chapter IV Administration Article 33)
https://www.cda.gov.ph/resources/issuances/philippine-cooperative-code-of-2008/republic-act-9520
A Co-owner or member must be residing or working within the areas of Marikina City, Antipolo City, District 3  & 4 of Quezon City, San Mateo, Montalban & Cainta, Rizal for two (2) of more than.

Must attend the Pre-Membership Education Seminar (PMES) scheduled every Saturday from 8:00 am to 12:00 noon in BCC Main Office.

Reminder: Registration is open from 8:00am – 8:45am only.
To fully understand the purpose of a Cooperative, its operations, principles, core values and best pratices.

To learn the rights and privileges of being a co-owner of member.
• Free Life Share Protection Plan up to ₱300,000.00
• Earn dividends and receive patronage refund.
• Earn higher yield on savings and time deposit.
• No withholding tax in all deposits.
• Avail loan products and services.
• Free medical consulation and discount on other medical services.
• Discount on facilities.
• Opportunities to be exposed in Local & International Cooperative Affairs.
• Receive incentives / rewards.
Our Share Capital earns 4% to 6% per annum (Historical Rate), and *no regular member shall own or hold more than 10% of the total subscribed share capital of the Cooperative.

Reference: Membership Policy Article 1 Sec. 3, No. 1

The ideal frequency to update your Life Share Protection Plan (LSPP) per annum. (Every month of April or on your Birth Month).

Share Capital is an investment or a fixed deposit of a co-owner or member duly contributed to BCC.

It earns dividends, patronage refund and a Life Share Protection Plan benefit.

Share Capital deposit cannot be withdrawn within the membership period.

Each co-owner or member is required to comply and pay the minimum of ₱14,000.00 share capital deposit within two (2) years of membership.

Any co-owner or member who successfully completed the required minimum share capital deposit shall be allowed to open a regular savings account, to which the interest is free from withholding tax.

The required maintaining balance for regular savings account is ₱2,000.00
BCC MIGS EMV ATM Card is a non-interest bearing savings account for the exclusive use of BCC Co-owners or members.

BCC MIGS EMV ATM Card is non transferrable.

It also serves as a debit card cash which can be used for the following transactions:
a. Automated Teller Machine (ATM) transactions and Point of Sales (POS) debit/purchase transactions at any Bancnet, Megalink or Expressnet terminals
b. Bills and merchants payments

Maintaining balance is ₱100.00 only.

• You can avail loan in 3-7 days process.(which includes CI and completion of requirements)
• For the benefits you have Accident Insurance and Loan Protection Plan (LPP), Savings and Investment (Emergency Fund & Share Capital), Income (Patronage Refund & Dividend)

ADDRESS

  • MAIN OFFICE
    170 General Julian Cruz St.
    Brgy. Barangka, Marikina City,
    NCR, Philippines 1803

OFFICE HOURS

  • MAIN OFFICE
    Monday-Friday: 8:00am to 6:00pm
    Saturday: 8:00am to 5:00pm
    Sunday: 8am to 12nn (All Departments)
    Sunday: 1:00pm to 5:00pm (Teller Only)

    SATELLITE OFFICES
    Monday-Saturday: 8:00pm to 5:00pm
    Sunday: Closed

CALL US NOW

  • 8997-2974, 8942-6051,
    8475-0044, 8997-3051,
    7369-7890

    Telefax: (632) 8941-5244

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