Loan service Improvements

category: news

We are happy to inform you that effective May 2014, we will provide you with a loan amortization schedule every time you apply for a loan that is approved.  This will guide you as to the amount you are obligated to pay each time.

The survey on our Caring Fund options produced the following results: 

  1. 307 survey forms were returned;
  1. 189 members: in favor of increasing the caring fund contribution to Php150.00 a month;
  1. 62 members: in favor of decreasing the caring fund assistance to only 10% of the hospital bill/receipts;
  1. 32 members: in favor of limiting the caring fund assistance to the top ten causes of morbidity and mortality;
  1. 20 members suggested to retain the same caring fund contribution;
  1. 3 members made various suggestions outside the options; and
  1. 1 decided to stop the caring fund contribution and program.

With these data, effective May 2014, we shall be contributing Php150.00 a month for our caring fund.  Likewise, we retain the same assistance of 25% of the hospital bill/receipts, maximum of Php10,000.00 a month and at most Php30,000.00 a year.

In the same General Assembly meeting, we also approved the recommendation for loan protection coverage.  Thus effective May 2014, we shall charge Eighty-five centavos (Php.85) per one thousand pesos (Php1,000.00) loan times the number of months of the loan period, regardless of its kind.

Please feel free to come to the office for any further explanation you may need.


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Announcements

55th General Assembly Notice
2017-02-13
February 2, 2017 Dear Fellow Cooperators, Our very special event, the Annual General Assembly meeting will be held on Saturday, March 11, 2017 at 1:00 P.M., in the Claire Isabel McGill Luce Auditorium. The registration will commence from 12:00 noon until 1:00 p.m. at the Luce Auditorium lobby. A cash gift of Two Hundred Pesos (Php200.00) will be given to cover snacks and door prize. The cut-off time for the cash gift will be 2:00 p.m. while the cut-off time for the major prize will be at 1:30 P.M. May we remind you of the following: Dress code (Please do not wear slippers and shorts); Only members whose transaction with SUCC started on or before June 30, 2016 (new members) shall be entitled to Interest on Share Capital (IOSC) and Patronage Refund (PR); Members with defaults in payments (principal, interest and penalty), inadequate contribution to the minimum capital build-up (Php2,400.00 per year) and insufficient SSF and SCF contributions shall have their IOSC and PR applied to such deficiencies; Per 1997 General Assembly Act, 10% of the members’ IOSC and PR will also be automatically credited to their share capital; 5.Updates on individual profile (including 2x2 picture) should be submitted on or before  the General Assembly (Membership Profile form attached); Attendance in the General Assembly (GA) is part of the requirements to avail of a loan.  If you cannot attend the GA meeting, please submit an excuse letter to the Manager or the Chair of the Board on or before the scheduled meeting. We encourage all SUCC members to invite at least one (1) person (SU Alumni, SU & SUMCFI regular Faculty/Staff, spouses of regular member from Silliman and Gainfully employed children of an existing member) to attend our PMES to be conducted before the start of the meeting (10:00 to 12:00 noon) at SUCC training area, 2nd floor, SUCC building, Gate 7, Silliman University Campus.  Every recruited applicant who will be duly approved by the Board of Directors will entitle the recruiter/member of a token. It is our prayer that you will really take time to attend our assembly. See you on March 11, 2017, and may God bless our Cooperative. Sincerely,   LOREN ANN C. LACHICA Acting Board Secretary Noted:   PROF. FRANCISCO E. ABLONG, JR. Chair of the Board


NOTICE OF NO OFFICE
2016-12-19
December 20, 2016   TO ALL SUCC MEMBERS:   PLS BE INFORMED THAT WE WILL NOT HOLD OFFICE on the following dates:   December 22, 2016 – (PM only) December 23, 2016 – (Whole day) December 26, 2016 – Special Non-working Holiday January 2, 2017 – Special Non-working Holiday   WE WILL HOLD OFFICE on December 27, 28, and 29, 2016.   Office will resume on January 3, 2017.   See you…   PLEASE BE GUIDED ACCORDINGLY.   BY: MANAGEMENT


Sign Up Form
2016-06-12
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General Assembly Meeting
2016-02-16
February 10, 2016   Dear Fellow Cooperators,   Our very special event, the Annual General Assembly meeting will be held on Saturday, March 12, 2016 at 2:00 P.M., the Claire Isabel McGill Luce Auditorium.   The registration is from 1:00 – 2:00 P.M. at the Luce Auditorium lobby. A cash gift of Two Hundred Pesos (Php200.00) will be given to cover snacks and door prize. The cut-off time for this cash gift is 3:00 P.M. while the cut-off time for the major prize is 2:30 P.M.   May we remind you of the following:   Dress code (Please do not wear slippers and shorts);   Only members whose transaction with SUCC started on or before June 30, 2015 (new members) shall be entitled to interest on share capital and patronage refund;   Members who have defaults in payments, interest and fees or lack contribution to the minimum capital build-up of Php2,400.00 per year and lack SSF and SCF payments shall have their interest on share capital and patronage refund (PR) applied to such deficiencies;   Per 1997 General Assembly Act, 10% of the members’ interest on share capital and PR will also be automatically credited to their fixed deposit;   Updates on individual profile (including 2x2 picture) should be submitted at SUCC Office c/o Ms. May Lanie A. Dandal on or before  the General Assembly (Membership Profile form attached to Notice);   Attendance in the General Assembly (GA) is part of the requirements to avail of a loan.  If you cannot attend the GA meeting, please submit an excuse letter to the Manager or the Chair of the Board on or before the scheduled meeting.


Nomination form for SUCC Election 2016
2016-01-28
Nomination form for SUCC Election 2016 is now available at the office. Deadline for submission is on or before February 8, 2016 at SUCC Office. Thank you.


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