- Refers to a unit of capital in a primary cooperative the par value of which is fixed at a minimum of One Hundred pesos (₱100.00).
- Interest on share capital is based on the income of the Cooperative.
- Can be withdrawn upon termination of membership.
- Minimum Subscription on Share Capital is ₱15,000.00
- With Share Certificate
- Recognized as a Member in Good Standing (MIGS).
- Has the right to vote and be voted upon during the General Assembly Meeting.
Frequently Asked Questions
Is it Mandatory to deposit on your Share Capital account?
Yes, as per NEC MPC By-Laws Article II under Membership Section 7. Duties and Responsibilities a member shall pay the installment of his/her share capital subscription as it falls due and participate in the capital build-up and savings mobilization activities of the Cooperative.
Is Share Capital withdrawable?
Share Capital is only withdrawable upon termination
How does Share Capital earn interest?
Share Capital earn interest through the performance of each Branches