Qualification
Any resident of Ilocos Region or Cordillera Administrative Region (CAR) can be a member of the SFaC Credit Cooperative provided he/she possess the following:
- Must be 18 and above with a capacity to enter in to a contract
- Must be a Filipino Citizen
Online Application
SFaC Credit Cooperative only accepts online applications for membership which a prospective applicant can do so through its membership Online Application facility found on this website by simply clicking the menu button found on the homepage.
Rights of Membership
✓ Equal voting rights with other members regardless of the amount of share capital contribution.
✓ To avail of all services of the COOP such as loans, tax-free interest income on deposits, whether savings or time and participation in the COOP’s Health fund called the Aluyen Fund.
✓ To invest in a tax-exempt dividend-bearing share capital equity participation in the COOP’s capital base.
✓ To attend and participate in all general and special meetings for the membership
✓ To have access to information on all policies, guidelines rules and procedures affecting membership rights and interests.
Duties and Responsibilities of Membership
✓ To pay promptly the annual membership dues
✓ To settle promptly all outstanding obligations with the COOP
✓ To be regularly informed of new policies, procedures, news or events concerning COOP matters by regularly accessing the COOP’s website and online social media pages.