{"id":216,"date":"2017-10-02T02:35:56","date_gmt":"2017-10-02T02:35:56","guid":{"rendered":"https:\/\/smccoop.ph\/\/?page_id=216"},"modified":"2025-08-28T09:09:41","modified_gmt":"2025-08-28T09:09:41","slug":"faqs","status":"publish","type":"page","link":"https:\/\/smccoop.ph\/index.php\/about-company\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;2197&#8243; img_size=&#8221;1280&#215;500&#8243; css=&#8221;&#8221;][vc_empty_space height=&#8221;40px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;Our FAQs&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Our <strong data-start=\"30\" data-end=\"67\">Frequently Asked Questions (FAQs)<\/strong> section is designed to provide clear and concise answers to common inquiries about SMC Community &amp; Employees Multi-Purpose Cooperative. Here, you\u2019ll find essential information about membership, benefits, services, policies, and other cooperative-related matters. This section aims to help members and stakeholders easily understand how our cooperative operates and how they can maximize their membership benefits.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;40px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_toggle title=&#8221;What is cooperative?&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">An autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services, and accepting a fair share of the risks and benefits of the enterprise.&#8221;<\/p>\n<p>[\/vc_toggle][vc_toggle title=&#8221;Who is SMC Community &amp; Employees Multi-purpose Cooperative?&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\"><strong data-start=\"0\" data-end=\"55\">SMC Community &amp; Employees Multi-Purpose Cooperative<\/strong> is a member-owned and community-driven organization dedicated to providing financial services, livelihood support, and social development programs. It operates under the principles of cooperativism, ensuring that members benefit from affordable financial assistance, savings programs, and business opportunities. By promoting economic stability and mutual support, the cooperative empowers its members and strengthens the broader community.<\/p>\n<p>[\/vc_toggle][vc_toggle title=&#8221;How to Become a member of SMC Community &amp; Employees MPC?&#8221; css=&#8221;&#8221;]<u>Membership Qualification<\/u><\/p>\n<ul>\n<li>Filipino citizen, of legal ae and with capacity to contract<\/li>\n<li>Regular &amp; permanent employee of SMC, it\u2019s subsidiaries and business affiliates.<\/li>\n<li>Direct dependents of a coop member (Spouse and children).<\/li>\n<\/ul>\n<p><u>Membership Requirements<\/u><\/p>\n<ul>\n<li>Completed the Pre-Membership Education Seminar (PMES)<\/li>\n<li>Approved application for membership<\/li>\n<li>Subscribe and paid the required minimum share capital<\/li>\n<li>Paid the membership fee<\/li>\n<li>Avail of the services of the cooperative<\/li>\n<li>Pledge to undertake the responsibilities of members and uphold the By-Laws, policies of the cooperative<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_toggle title=&#8221;What are the two classifications of membership in SMC CEMPC?&#8221; css=&#8221;&#8221;]<u>Membership Classification<\/u><\/p>\n<ul>\n<li>Regular Member \u2013 Regular and permanent employee of SMC, its subsidiaries and affiliates<\/li>\n<li>Associate Member\n<ul>\n<li>Returning Retiree of SMC, its subsidiaries and affiliates<\/li>\n<li>Direct dependents of a coop member.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;3114&#8243; img_size=&#8221;1280&#215;500&#8243; css=&#8221;&#8221;][vc_empty_space height=&#8221;40px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;FAQs Important&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">The <strong data-start=\"86\" data-end=\"123\">Frequently Asked Questions (FAQs)<\/strong> section serves as a quick and reliable information hub for members, potential members, and stakeholders of SMC Community &amp; Employees Multi-Purpose Cooperative (SMC CEMPC). It provides clear answers to common inquiries, ensuring that members fully understand the cooperative\u2019s services, policies, and benefits.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;40px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_toggle title=&#8221;What benefits do members receive from SMC CEMPC?&#8221; css=&#8221;&#8221;]<\/p>\n<ul>\n<li>Members own shares of the business<\/li>\n<li>Members share in the coops profits.<\/li>\n<li>They can receive dividends and patronage refunds at the end of each fiscal year<\/li>\n<li>Members can avail of the products and services of the coop.<\/li>\n<li>Members are entitled to education and training<\/li>\n<li>Members have a say Coop\u2019s General Assembly meetings and voting or running for Board of Directors.<\/li>\n<li>Have one equal vote on decisions made by the co-op\u2019s members.<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_toggle title=&#8221;What role do members play in the decision-making process of the cooperative?&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Members of cooperative are the deciding forces behind new policies and decisions. Only a member\/owner can run and be elected to be a members of the Board of Directors.<\/p>\n<p>[\/vc_toggle][vc_toggle title=&#8221;Who are the primary SMC CEMPC beneficiaries or customers of these\/products?&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">All regular\u00a0 and retirees of San Miguel Corporation (SMBI\/SMFI) it\u2019s affiliates and Subsidiaries and Associate members<\/p>\n<p>[\/vc_toggle][vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;3116&#8243; img_size=&#8221;1280&#215;500&#8243; css=&#8221;&#8221;][vc_empty_space height=&#8221;40px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;FAQs&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">By maintaining a well-structured FAQ section, SMC CEMPC ensures that its members are well-informed, empowered, and confident in engaging with the cooperative.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;40px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_toggle title=&#8221;How much is the maximum share capital a member is allowed to subscribe?&#8221; css=&#8221;&#8221;]According to R.A. 9520 or the Philippine Cooperative Code of 2008, no member is allowed to invest more than ten percent (10 %) of the total share capital of the cooperative.[\/vc_toggle][vc_toggle title=&#8221;If in case I decided to stop being a member, What shall I do to make it Official?&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">After settling all loan balances and other account liabilities, one has to write a formal letter addressed to the Board of Directors stating the reason or reasons of the withdrawal. One month or thirty days is the maximum time given to the BOD to answer in the affirmative, guided by the coop principle of open and voluntary membership, after which management effects the termination by closing the applicant\u2019s account.<\/p>\n<p>[\/vc_toggle][vc_toggle title=&#8221;Can be an officer of SMC CEMPC?&#8221; css=&#8221;&#8221;]If you pass all the qualifications and none of the disqualifications provided by the Election guidelines of SMC CEMPC in particular and of the cooperative Code in general[\/vc_toggle][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;2197&#8243; img_size=&#8221;1280&#215;500&#8243; css=&#8221;&#8221;][vc_empty_space height=&#8221;40px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;Our FAQs&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;&#8221;] Our Frequently Asked Questions (FAQs) section is designed to provide clear and concise answers to common inquiries about SMC Community &amp; Employees Multi-Purpose Cooperative. Here, you\u2019ll find essential information about membership, benefits, services, policies, and other cooperative-related matters. This section aims [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-216","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":29,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/216\/revisions"}],"predecessor-version":[{"id":3120,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/216\/revisions\/3120"}],"up":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/2"}],"wp:attachment":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/media?parent=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}