Subic Gym, Aguinaldo St., Subic Bay Freeport Zone sbmaewmpc.cooperative@gmail.com

Services

What SBMA Employees Welfare Multi-Purpose Cooperative can offer you.

Our services

Take a look at our

Loans

Educaional Assistance Loan

You may avail of the educational Assistance Loan to finance your educational needs or your immediate family members educational needs.

Mini Loan Form-CS

Quick and Easy Cash Loan for your needs.

Mini Loan

Quick and Easy Cash Loan for your needs.

Commodity Loan

You can now apply a loan for your commodities.

Consol Loan

You can avail this Loan to settle your outstanding loans.

Salary Loan

You can avail this loan fast and easy to spend on your needs.

Secured Loan

Are you on a tight budget? Secured Loan might be the good choice for you.

Emergency Loan

SBMA EWMPC helps you when you are in need in times of emergencies with a lower interest rate.

Share Capital

Direct membership capital shall be in the form of shares (fixed deposits). The shares represent the permanent working capital of the SBMPC. Each member shall save in the share capital at least 1% of his monthly income, and 2% of principal on loans as share retention.
This is the reason why a member is required to subscribe an initial of twenty (20) shares at P100.00 per share and to pay a minimum of P40.00 monthly even if he has already paid for the twenty (20) shares.

Make your money work for you!

Savings And Investment

Savings Deposits – Any member, in addition to his share capital investment, may open a saving deposit, the rate of interest of which shall be determined by the Board of Directors in the beginning of each fiscal year in no case to exceed the rate prescribed by the Central Bank of the Philippines.
Saving deposits not failing below P500.00 during any calendar month shall be entitled to interest to be computed quarterly based on the lowest monthly balance outstanding during the period. The interest shall be credited to the depositor’s account and the same shall earn interest from the date it is credited at the same rate as saving deposits.
Time Deposits

are for a fixed period of time and with a fixed rate of interest. The SBMA EWMPC shall accept time deposits in an amount not below P1,000.00 and for a period of not less than thirty (30) days, at the prevailing interest rate per annum free from withholding tax.

The SBMA EWMPC may adopt a scheme of generating capital by deferring payment of interest of shares and patronage refund for a period not exceeding five (5) years and with a rate of interest consistent with the rate prescribed by the Cooperative Development Authority.

The principle of “first in, first out” shall apply. For example, interest on shares and patronage refund deferred in November 2006 shall be paid in January 2012 with all interest earned compounded annually; interest deferred in January 2008 shall be paid in 2013 and so on.

At least 10% of the annual income of the SBMA EWMPC shall be set aside as General Reserve Fund (GRF) to be accumulated for the stability of the SBMA EWMPC. Any losses suffered by the SBMA EWMPC may be charged against the GRF upon authority by the members. Upon the dissolution of the SBMA EWMPC, the GRF shall not be distributed to the members, but shall be donated to the Cooperative Education and Training Fund of the government.

Inadequacy of internally generated capital of the SBMA EWMPC may be supplemented with borrowed capital from the members or from Subic Bay Metropolitan Authority. The SBMA EWMPC may also negotiate with the government’s Cooperative Development Loan Fund for direct loan assistance or guarantee.

The SBMA EWMPC is authorized by law to accept subsidies, grants and donation from local or foreign sources, subject to the rules promulgated by the Cooperative Development Authority.