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FREQUENTLY ASKED QUESTIONS

pre-requisite for membership is your attendance to Basic Cooperative Orientation

The one-time membership fee is Two Hundred (200.00) Pesos. Yes, it is a lifetime membership fee.

The minimum paid up share capital is Twenty-Thousand (20, 000.00) Pesos.

 

You are given 6 months to fund your initial subscription amounting to Ten Thousand (P10, 000.00) Pesos after approval of membership. Then, you are given another 12 months to comply with the minimum subscription of Twenty Thousand (20, 000.00) Pesos. If within the first 6-months given that you were not able to fund your share capital, you are required to attend the Basic Cooperative Orientation again, then your re-application for membership will be forwarded for approval.

The minimum Mortuary Aid Fund is Two Thousand (2, 000.00) Pesos. This will be paid along with the minimum required share capital once your membership is approved.

Each office has its own schedule and you can attend personally. We are offering online BCO once a month for Overseas, Mindanao, Visayas and other parts of Luzon

  • Accomplish membership forms
  • Photocopy of birth certificate
  • Submit photocopy of marriage certificate
  • Submit photocopy of valid government issued I.Ds e.g. Passport
  • Proof of Income/ Business Permit
    • A new member can fund via our partners like Western Union, national banks where TLCS has an account. . The office will notify the depositor once fund is verified.
    • Another option is that the new member can make an authorization letter to whom he/she is authorizing to transact, act, sign in her /his absence and submit to the office for filing/ reference.