Membership
How to become a member
STEP 1 - Bring the following requirements
1 valid ID or Tax Identification Number (TIN)
3 recent 2x2 ID photos
Fill out the application form
STEP 2 - Bring the necessary fees
Initial Investment to be a Member Owner
| Particular | Amount | Benefits |
|---|---|---|
| Shared Capital | ₱ 500.00 | Yearly dividends are approximately 6% per annum. |
| Savings | ₱ 500.00 | Tax-free, with a minimum of ₱1,000.00 required to earn 1.5% interest per annum. |
| Ka May-Ari Life Plan Insurance (KLP) | ₱ 710.00 (for 18 to 71 years old) | • Life Insurance: ₱ 100,000.00 • Dengue Coverage: ₱ 15,000.00 • Accidental Death-Dismemberment: ₱ 5,000.00 • Hospital Income Benefit (due to accident): ₱ 15,000.00 |
| ₱ 1,200.00 (for 72 to 80 years old) | • Life Insurance: ₱ 100,000.00 | |
| add ₱150.00 per dependent (Optional only) |
₱ 30,000.00 life insurance coverage. • Parent/Spouse: 18 to 71 years old • Sibling/Children: 0 to 21 years old |
|
| Membership Fee | ₱ 600.00 | Passbook, T-shirt & ID |
| Total | ₱ 2,310.00 | |
Children and Youth Laboratory Cooperative (Partners/Affiliates)
| Particular | Amount | Benefits |
|---|---|---|
| Share Capital Lab | ₱ 150.00 | Yearly dividend |
| Savings Lab | ₱ 500.00 | Tax-free, with a minimum of ₱1,000.00 required to earn 1.50% interest per annum. |
| Lab Coop (GYRT) Insurance New enrollee will be under one (1) year contestability period. |
₱ 90.00 (aged 4 to 19 years old) | ₱ 20,000.00 life insurance |
| ₱ 50,000.00 add unprovoked murder and assault | ||
| ₱ 5,000.00 accident medical reimbursement | ||
| ₱ 3,000.00 burial (due to accident) | ||
| Membership Fee | ₱ 50.00 | Passbook |
| Total | ₱ 390.00 | |
STEP 3 - Attend the SMES and COS Seminars
| Particular | Schedule |
|---|---|
| Simbayanan Membership Education Seminar (SMES) | Face-to-face every sunday 9AM to 12NOON and via zoom every Wednesday 9AM to 12NOON |
| Credit Orientation Seminar (COS) | Face-to-face every Sunday 1PM to 3PM and via zoom every Wednesday 1PM to 3PM |