What is the Obligation of the Comaker? on Oct 8, 2009 in co-maker obligation of the comaker By deifinition Co-maker means one of two or more persons who sign an instrument to indicate a promise to pay a financial obligation. Any co-maker may be sued for the entire amount of the indebtedness, although a co-maker who is forced to pay more tha...
How to Save? on Oct 8, 2009The pinoy's savings habit on a scale of 1 to 10, (10 being the highest) may only have a rating of 2. Meaning 2 out of 10 Filipinos save. Our mentality about savings is manifested by this equation:Income minus Expense = SavingsA friend of mine even jo...
FICCO Loan Processing Procedure on Oct 7, 2009Steps in Loan Application : Member- borrowers shall obtain a loan application form from the FICCO office where they are members. Loan applications must be properly accomplished. Members must secure all the requirements needed before the application i...
Types of Loan - FICCO on Oct 6, 2009 in types of loan Class D Class E Class C class A Class B With certain limitations, a member may avail of several loans at the same time depending on his capacity to pay, the collateral he can offer, and his classification. A member’s capacity to pay and the collateral he offer is subject to proper evalua...
Member Classification - FICCO on Oct 6, 2009Class A1 Plus :• Must have P50,000 minimum share capital• 5 years minimum membership at “A” classification status• Zero arrears in loan repayments• Must have availed of FICCO Loan for five cycles• Must have invited at least ten (10) new...
Who can borrow at FICCO? on Oct 5, 2009All bonafide members who have complied with all of the following requirements;• Attended pre-membership seminar;• Paid seminar fee of P30;• Paid membership fee of P30 and ID of P20;• Enrolled and paid one hundred forty (P140) as required memb...
Loans offered online? on Oct 4, 2009If you are a member of FICCO who is out of the country right now.How would you react if FICCO will offer loan applications online? and evaluate your loan application online?Would you be willing to avail loans online?Are you convenient with bank trans...
Why is it better to deposit in Cooperatives than commercial banks? on Oct 3, 2009There are rising awareness among regular citizen to realize that it is better to deposit money in cooperatives than commercial banks. We'll there are also a number of people testified banks are better options to park money.I believe there are really...
DCCCO Deposit Products and Interest Rates on Oct 2, 2009 in deposits DCCO Regular Savings average daily balance to earn interest - P1,000.00 minimum required for MDAB purposes at the time of death – P500.00 earns interest of 3% computed monthly compounded quarterly ATM Savings: average daily balance to earn interes...
DCCCO Loan availments on Oct 2, 2009 in loan DCCO Eligibility for a loan from DCCCO does not confer automatic right on the member to avail of a loan. The member's loan privilege would depend on his credit standing and status as a member.
