MEMBERSHIP PRIMER

• Membership Requirements

• Voting Right of a Member

• Capital Equity

• Members' Deposit

• Loans and Credit Policies

• Obligations of a Member

• Retirement and Voluntary Separation

• Termination of Membership

  A member who withdraws all his/her capital equity from the Association automatically ceases to be a member of the Association.
  
  The Board of Trustees reserves the right to require sixty (60) days notice from any withdrawal or termination of membership for proper consideration and approval.
  
  The Association also reserves the right to terminate membership of any regular member for any cause.

  Requirements for Closing an Account

  Whenever a member transfers to other government agencies or private entities, resigns or retires, or due to personal reason, has terminate his/her membership with the Association, the following procedures and required documents are necessary in closing of accounts:

  1. For Retired or Resigned Members

  • Surrender passbook, ID and membership certificate

  • Submit certification of School Principal stating the last day of service and the last pay checks received

  • Submit Certificate of Last Payment from DepEd

  • Photocopy of latest payslip

  • Wait for about three(3) months for the complete stoppage of the deduction (members deposit, EP contribution and loan payment deduction). If there are no longer deductions at the time of filing for termination, there is no need to wait for three (3) months and submit the complete requirements.

  2. For Personal Reason

  The following are the requirements needed if the member wants to terminate his/her membership due to personal reason such as far from home, low net pay, planning to go abroad and other reason indicating that the member is still in the service:

  • Surrender passbook, ID and membership certificate

  • Submit Certification of School Principal stating that the member is not on leave for the past five (5) months prior to the last pay check received (if on leave, state the inclusive months of leave whether with or without pay)

  • Photocopy of latest payroll

  • Wait for about three (3) months for the complete stoppage of the deduction (members deposit, EP contribution and loan payment deduction). If there are no longer deductions at the time of filing for termination, there is no need to wait for three (3) months and submit the complete requirements.

  3. In case of Death of a Member

  The following documents are required:

  For the Deceased Member

  • Passbook, ID, and Membership Certificate

  • Photocopy of Death Certificate – original must be presented

  • Principal Certification of last day of service and last paycheck received

  • Service Record and last payslip of the deceased member

  For the Beneficiary

  The beneficiary, where applicable, must submit photocopies of the following documents but must present the original for authentication process.

  • Marriage Contract – if the beneficiary is the surviving spouse.

  • Birth Certificate – if the beneficiary is the child, brother or sister of the deceased member.

  • Birth Certificate of the Deceased Member – if the beneficiary is the mother or father

  • Affidavit of support of surviving spouse or guardian – if the beneficiary is minor

  • Two (2) co-teachers who are both members to act as witness. If the witnesses cannot personally come, submit a joint affidavit.

  • Residence Certificate and two (2) valid ID’s of the beneficiary and witnesses.

• Re-membership