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Who can be a member of SUCC?
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REGULAR MEMBERSHIP - all natural persons who are Filipino citizens, of legal age, with the capacity to contract and possess all the qualifications and none of the disqualifications enumerated in the By-laws; and fall into the following categories:
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Full-time employees of:
- Silliman University (SU)
- Silliman University Medical Center Foundation, Inc. (SUMCFI),
- SUCC Multipurpose Cooperative
- Silliman University Church
- Silliman University Extension Program and their spouses even if not employed by the university)
- All gainfully employed children of existing SUCC members
- All Silliman University Alumni who are gainfully employed, and are residing in the Philippines
- The above members, even if deemed retired, may continue with their membership with the cooperative if they so desire; and
- All other categories that the Board of Directors may decide on with the ratification of the General Assembly.
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ASSOCIATE MEMBERSHIP - are officially enrolled students of Silliman University ages 18 years old and above ( no work yet)
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AFFILIATE MEMBERSHIP - are Junior Depositors, 17 years old and below
- who are officially enrolled students of Silliman University; and
- Children of existing SUCC members even if not enrolled/students in the University
What are the benefits of a SUCC member?
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SUCC Caring Fund (SCF)
- Maximum of Php10,000 financial assistance a month for those with Cancer, or a maximum total of P30,000 a year
- For other diseases*, financial assistance is one-fourth (1/4) of a member’s expense and maximum of Php10,000 a month, or Php30,000 a year
- Hospital bills/receipts with doctor’s medical certificate are required
- Must have paid at least 6 months prior to the claim
- One year contestability period
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Social Service Fund (SSF)
- In case of member’s death
- free Memorial plan
- Cemetery lot at The Gardens
- Cash benefit as follows:
- Ten (10) years and more - Php200,000
- More than five (5) years up to ten (10) years - Php100,000
- Less than one (1) year up to five (5) years - Php 50,000
- In case of spouse/child’s death of a married member or death of the parent of a single member
- Php10,000.00 cash benefit each
SUCC Membership Category
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Category 1 – Good Payor
- Consistently paying the required monthly loan amortization
- At least one (1) year for new members
- At least 3 months for current members
- Paying the minimum monthly contribution:
- Share Capital : Php200 - can be paid in advance
- Savings Deposit : Php100 – minimum only (can be higher amount)
- SUCC Caring Fund : Php150 - can be paid in advance
- Social Service Fund: Php200 - can be paid in advance
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Category 2 – Semi-Good Payor
- Consistently paying at least 50% of the monthly amortization for at least 1 year
- No loan exceeding the maturity date
- Paying the minimum monthly contribution:
- Share Capital : Php200 - can be paid in advance
- Savings Deposit : Php100 – minimum only (can be higher amount)
- SUCC Caring Fund : Php150 - can be paid in advance
- Social Service Fund: Php200 - can be paid in advance
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Category 3 – Non-MIGS
- Members not In Good Standing
- Members who are not patronizing the coop’s business within one year
- Members with at least 3 months default on their monthly amortization
- Loans have exceeded the maturity date
- Members paying less than 50% of the monthly loan amortization
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Category 4 – Investor
- Any member who has not patronized of our loan services for at least a year
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Category 5 – Newbie
- New member for at most one (1) year
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Category 6 – Senior’s Privilege
- A SUCC member who is a pensioner no less than 60 years old with a senior citizens ID
- Share Capital has reached an amount at least P75,000.00 and above
- Monthly contributions (Share Capital and Savings Deposit) is not required to be paid monthly
- The retiree may opt to continue his/her category 1 status by paying the required monthly contribution
- To enjoy Category 1 privileges, the member must update Share Capital, Savings and loans, if any, from the time when he/she transferred to Category 6 up to present.
