How to become FICCO member?

Becoming a FICCO member is relatively easy, you only do the following steps and comply the following requirements:

1. Ask for an application for membership.
2. Submit application for membership and the requirements (i.e. Brgy. certification, Residence Certificate). Upon completion of step 1 and 2 you are given a schedule to attend Pre-membership Seminar (PMS).
   
3. Attend the PMS on your scheduled date. The normal PMS day is Saturday 1:00-4:00Pm, subject to questions and answer. Note: before the PMS start you are normally given the Specimen signature card and MBA application. You may fill it up in advance.
4. Deposit the required amounts P 100 share, P 100 savings, P 50 MBA membership fee, P90 MBA contribution (1 mo and P90 per mo. thereafter).
5. Get your savings and share capital passbook 3 to 4 days after or as may be advice by FICCO staff.

The above steps is very easy to comply. There should be no reason for anybody to ask for exemption of PMS. As this component is very vital to new members on the principles of cooperativism and the philosophy of cooperatives.

On the other hand, next part is more challenging to a new member. this is to maintain the habit of savings for the next 4 months and to raise P 3,000 in order for him to become a regular member. Over this a member has to maintain P 90 for MBA per month. Mutual Benefit Association (MBA) is the FICCO micro insurance for its members. Insurance is very important for us, I have written an article on this previously titled "Is insurance imporant?"