Frequently Asked Questions

A cooperative is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of risks and benefits of the undertaking in accordance with the universally accepted cooperative principles. 

The primary objective of every cooperative is to help improve the quality of life of its members. Towards this end, the cooperative shall aim to:

(a) Provide goods and services to its members to enable them to attain increased income, savings, investments, productivity, and purchasing power, and promote among themselves equitable distribution of net surplus through maximum utilization of economies of scale, cost-sharing and risk-sharing;

(b) Provide optimum social and economic benefits to its members;

(c) Teach them efficient ways of doing things in a cooperative manner;

(d) Propagate cooperative practices and new ideas in business and management;

(e) Allow the lower income and less privileged groups to increase their ownership in the wealth of the nation; and

(f) Cooperate with the government, other cooperatives and people-oriented organizations to further the attainment of any of the foregoing objectives.

DEPCC stands for Deo Et Patria Credit Cooperative. We are a member-driven financial institution committed to providing financial products and services that support the economic well-being of our members. We operate based on principles of mutual aid, responsibility, and cooperation. 

Membership is open to all active members of the Fraternal Order of Eagles - Philippine Eagles Inc.,  as well as their immediate family members who meet the membership criteria specified in our policies. This inclusivity ensures that both individuals directly associated with the Eagles and their close family can benefit from the services and support offered by the cooperative. 

Members benefit from competitive rates on loans and savings, access to exclusive financial products and services, dividends from profits, financial education, and the opportunity to have a voice in the cooperative’s governance. 

To become a member, you need to complete a membership application, attend a pre-membership education seminar, and pay the initial membership fee along with the minimum share capital requirement. Full details can be obtained from our offices or our website. 

DEPCC offers a range of services including savings accounts, loan services for personal, business, and emergency needs, investment options, and more. Each service is tailored to meet the unique needs of our members. 

Loan interest rates are determined based on current market conditions, the financial performance of the cooperative, and our commitment to providing fair and reasonable rates to our members. 

Yes, members can withdraw their membership. Upon withdrawal, your share capital will be returned subject to any outstanding debts or obligations to the cooperative as outlined in our membership termination policy. 

Yes, all member savings are insured up to the maximum coverage limit set by law. Additionally, DEPCC adheres to strict financial regulations and governance practices to ensure the security and stability of all deposits. 

Members can invest through various programs such as fixed deposits, share purchases, and bond investments. Returns vary by investment type and market conditions, with details provided at the time of investment. 

DEPCC is governed by a Board of Directors elected by and from the membership. The board sets policies and oversees the management team, which handles the day-to-day operations of the cooperative. 

As a regular member, you can vote in elections, attend general assemblies, and even run for a position on the board if you meet the eligibility criteria. Participation in governance is a key right and responsibility of membership.