Membership Policy

Types of Membership

Regular Membership: Provides full membership rights, including voting rights and eligibility for elected positions.

Associate Membership: Grants specific privileges as outlined in the DEPCC By-Laws, but excludes voting rights and eligibility for elected positions. 

Membership Requirements

1. Membership Eligibility:

   - The applicant must be exclusively an active member of The Fraternal Order of Eagles – Philippine Eagles Inc.

2. Pre-Membership Educational Program:

   - Completion of a mandatory pre-membership seminar conducted by DEPCC to understand cooperative principles, core values, and operations.

3. Adherence to Cooperative Guidelines:

   - Commitment to adhere to the cooperative’s By-Laws, policies, and regulatory guidelines as set forth by DEPCC.

4. Financial Obligations:

   - Payment of a ₱500.00 membership fee to be submitted along with the membership application.

   - Initial payment of ₱1000.00 as initial capital share upon acceptance as a member.

5. Share Capital:

   - Minimum share capital requirement of ₱12,000 payable in 12 months, which includes the initial capital share.

   - Maximum share capital limit of ₱60,000 as prescribed by DEPCC's policies.

6. Application Process:

   - Submission of a completed membership application form provided by DEPCC.

    - Approval by the DEPCC's membership committee or board of directors.

7. Continued Engagement:

   - Willingness to actively participate in DEPCC's activities, programs, and general assemblies.

   - Maintenance of good standing within the cooperative by fulfilling financial obligations, attending meetings, and participating in cooperative activities.

8. Other Requirements:

   - Compliance with any additional requirements or conditions set forth by DEPCC for membership approval.

   - Understanding and acceptance of the cooperative's mission, vision, and core values.

   - Agreement to contribute positively to the cooperative and its community.

Regular Members:

• Right to participate and vote in General Assembly meetings.
• Eligibility for elective or appointive positions within the cooperative.
• Access to cooperative services, subject to conditions set by the Board.
• Permission to inspect cooperative records during business hours.
• Entitlement to additional rights as granted by the General Assembly.

Associate Members:

• Participation in discussions during general membership meetings.
• Access to cooperative services, as regulated by the Board.
• Permission to review cooperative records during business hours.
• Preferential interest on share capital and priority in asset distribution upon the cooperative's liquidation.
• Entitlement to additional rights as determined by the General Assembly.

Suspension and Termination of Membership

Suspension:

Members may face suspension for non-payment of dues or loan amortizations for three consecutive due dates, or absence from two consecutive assembly meetings without valid reasons, following due process. The suspension affects privileges like loan applications and voting rights and can last from one to six months.

Termination:

Membership termination can occur due to actions detrimental to the cooperative’s interests, affiliation with competing entities, or failure to meet share capital requirements by set deadlines. The termination process follows the dispute resolution protocols specified in the By-Laws.