Loan Products
Long
Term Loan (LTL)
loanable amount is based on share capital
matrix
Maximum Amount Ph50,000.00)
10 months to pay
1.01% Interest/mo
4% Service Fee
4% Share Capital (continuous capital
build-up)
with interest rebate for advance payment
Short
Term Loan (STL)
Maximum of Ph15,000.00
3 months to pay
1.6% interest/mo
1.5% Service Fee/mo
Special Loans:
Computer
Loan (CL)
loanable amount is based on share capital
matrix
Maximum Amount Ph38,400.00
12 months to pay
2% Interest/mo
4% Service Fee
With interest rebate for advance payment
Cellphone
Loan (CPL)
Loanable amount Ph10,905
5 mos. To pay,
1.01% interest/mo,
4% Service Fee
With interest rebate for advance payment
Book
Loan (BL)
Maximum of Ph15,000.00
3 months to pay
1.6% interest/mo
1.5% Service Fee/mo
Birthday
Loan (BDL)
Loanable amount Ph2,200.00
2 months to pay
4% Interest/mo
2% Service Fee
Calamity
& Disaster Loan (CDL)
Loanable amount Ph11,400
10 months to pay
1% interest/mo
4% Service Fee
with interest rebate for advance payment
Voluntary
Members Benefit Loan (VMBL)
personal life insurance of member
12 months to pay
1.3% interest/mo
4% Service Fee
Electronic
& Gadget Loan (EGL)
purchase of actual gadgets
10 months to pay
1.5% interest/mo
4% service fee
Restructured
Loan (RL)
existing loan can be restructured to help
members improve their financial condition.
12 -18 months to pay
weighted ave. Interest
5% Service Fee
Quick
Loan (QL)
Loanable amount Ph2,200.00
2 months to pay
4% Interest/mo
2% Service Fee
Loan
against Time Deposit
back to back loan against Time Deposit
1.01% interest/mo
4% Service Fee
Terms depending on the remaining months of Time Deposit
Why Join UE Caloocan Multi-Purpose Cooperative (UECMC)?
(Exclusive for University of the East Caloocan Campus Employees and Faculty Members)
Here are seven good reasons:
1. OWN the cooperative.
UECMC members own the cooperative equally. You can be as active as you choose. You have a voice and a vote at Regular General Assembly Meetings, which is held once every year or even during Special General Assembly Meetings, where you help define the vision and mission of our cooperative, and are welcome to share your views for its betterment. You can serve on a committee or even become a member of the Board of Directors, suggest new services and products, and volunteer in the implementation of projects. Since UECMC is still very young, there are wider rooms of opportunities available for both the cooperative and you.
2. REFUND your expenses.
UECMC members receive patronage refunds for the products and services that they took advantage of in the cooperative. Meaning, members are actually not just availing the products and services at affordable prices but also at prices a lot lower or “cheaper” than the usual.
3. Have a PASSIVE INCOME.
By investing in the cooperative, that is by buying shares of stocks, you are not just saving the money you earn but also you are making your money work for you because the amount you invested will determine your share in the net surplus of the cooperative during the yearly dividend distribution.
4. SAVE the money you earn.
UECMC members are required to save at least a little portion of their salary to their Savings Deposit Account. They are also encouraged to put up their Time Deposit Accounts that could earn interest higher than what they could earn in other savings and financing institutions.
5. Participate in TRAINING and other LEARNING OPPORTUNITIES.
As a member of UECMC, you will be equipped with knowledge that will immerse you in to the idea of the cooperative movement, its principles and objectives, as included in the curricular requirements prescribed by the cooperative authority.
6. Get involved in the COMMUNITY.
Being a member of UECMC is much more exciting as the members given the chance to share what they have in excess to the community through outreach programs.
7. Start an INCOME-GENERATING activity.
UECMC members are given equal opportunity to think, to design, to propose and, if feasible and approved by the directors, to implement a business that can be a secondary source of their income.
Here are seven good reasons:
1. OWN the cooperative.
UECMC members own the cooperative equally. You can be as active as you choose. You have a voice and a vote at Regular General Assembly Meetings, which is held once every year or even during Special General Assembly Meetings, where you help define the vision and mission of our cooperative, and are welcome to share your views for its betterment. You can serve on a committee or even become a member of the Board of Directors, suggest new services and products, and volunteer in the implementation of projects. Since UECMC is still very young, there are wider rooms of opportunities available for both the cooperative and you.
2. REFUND your expenses.
UECMC members receive patronage refunds for the products and services that they took advantage of in the cooperative. Meaning, members are actually not just availing the products and services at affordable prices but also at prices a lot lower or “cheaper” than the usual.
3. Have a PASSIVE INCOME.
By investing in the cooperative, that is by buying shares of stocks, you are not just saving the money you earn but also you are making your money work for you because the amount you invested will determine your share in the net surplus of the cooperative during the yearly dividend distribution.
4. SAVE the money you earn.
UECMC members are required to save at least a little portion of their salary to their Savings Deposit Account. They are also encouraged to put up their Time Deposit Accounts that could earn interest higher than what they could earn in other savings and financing institutions.
5. Participate in TRAINING and other LEARNING OPPORTUNITIES.
As a member of UECMC, you will be equipped with knowledge that will immerse you in to the idea of the cooperative movement, its principles and objectives, as included in the curricular requirements prescribed by the cooperative authority.
6. Get involved in the COMMUNITY.
Being a member of UECMC is much more exciting as the members given the chance to share what they have in excess to the community through outreach programs.
7. Start an INCOME-GENERATING activity.
UECMC members are given equal opportunity to think, to design, to propose and, if feasible and approved by the directors, to implement a business that can be a secondary source of their income.
MISSION VISION
OUR VISION
UECMC,
envisions itself as a fast
growing
MPC committed to empowering
its members through awareness
of and active
participation in innovative
socio-economic programs
of the cooperative.
OUR MISSION
UECMC
is committed to
providing it’s members and other stakeholders quality
products and services through systematic policies and procedures, sustainable trainings and livelihood programs designed to enhance
leadership and entrepreneurial skills its members. Thus, the cooperative’s growth is the member’s growth.
OUR CORE VALUES
WHY JOIN UECMC?
(Exclusive for University of the East Caloocan Campus Employees and Faculty Members)Here are seven good reasons:
1. OWN the cooperative.
UECMC members own the cooperative equally. You can be as active as you choose. You have a voice and a vote at Regular General Assembly Meetings, which is held once every year or even during Special General Assembly Meetings, where you help define the vision and mission of our cooperative, and are welcome to share your views for its betterment. You can serve on a committee or even become a member of the Board of Directors, suggest new services and products, and volunteer in the implementation of projects. Since UECMC is still very young, there are wider rooms of opportunities available for both the cooperative and you.
2. REFUND your expenses.
UECMC members receive patronage refunds for the products and services that they took advantage of in the cooperative. Meaning, members are actually not just availing the products and services at affordable prices but also at prices a lot lower or “cheaper” than the usual.
3. Have a PASSIVE INCOME.
By investing in the cooperative, that is by buying shares of stocks, you are not just saving the money you earn but also you are making your money work for you because the amount you invested will determine your share in the net surplus of the cooperative during the yearly dividend distribution.
4. SAVE the money you earn.
UECMC members are required to save at least a little portion of their salary to their Savings Deposit Account. They are also encouraged to put up their Time Deposit Accounts that could earn interest higher than what they could earn in other savings and financing institutions.
5. Participate in TRAINING and other LEARNING OPPORTUNITIES.
As a member of UECMC, you will be equipped with knowledge that will immerse you in to the idea of the cooperative movement, its principles and objectives, as included in the curricular requirements prescribed by the cooperative authority.
6. Get involved in the COMMUNITY.
Being a member of UECMC is much more exciting as the members given the chance to share what they have in excess to the community through outreach programs.
7. Start an INCOME-GENERATING activity.
UECMC members are given equal opportunity to think, to design, to propose and, if feasible and approved by the directors, to implement a business that can be a secondary source of their income.
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