1. How secure is your investment in the Coop?
- Your investment is secured because it is liquid. Your money is safe because it is mostly invested in high yield investments that are considered risk-free. The Coop's Investment policy is duly approved by the board while Treasury experts of the Ayala Group provide guidance and advice on placements.
2. How profitable is your investment?
- Historically, the Coop has declared tax-free dividends relatively higher than market rates.
3. How do you become a member of the Coop?
4. What is share capital contribution?
- It is your participation in the capitalization of the Coop's business. You commit to a continuous capital build-up upon signing the Coop's Membership Form. You may choose to commit the minimum of P50.00(staff) and P250.00(officer), or higher amounts of your choice. Ayala Coop adheres to the policy of the Cooperative Development Authority regarding the 7th day cut-off period to be considered deposit of the current month. Deposits/remittances received after the said period are considered deposits on the succeeding month.
5. How do you increase your investment?
- It increases every month through automatic salary deductions. You may also increase it by submitting to your Payroll Unit an Authorization for Increase in share capital contribution.
- You also have the option to make a direct deposit in the account of Ayala Multi-Purpose Cooperative, BPI CA 0381-0116-66. Your Ayala Coop Membership ID No. should be used as the Reference Number. This will allow Ayala Coop to recognize your deposit and facilitate the issuance of an Official Receipt.
6. What is a Patronage Refund?
- It is a rebate on interest you paid on your loans. In the last five (5) years, the Coop declared patronage refund of 25% - 30%
7. How are profits distributed?
- The law requires that a percentage of the surplus goes to reserves. The Board proposes how the remaining balance is to be allocated between Dividend and Patronage Refund (eg. 65:35; 60:40, etc.). The dividend rate is then computed as a % of the Amount Allocated for dividend distribution over the Total Average Share Capital per month (sum total of monthly ending balance dividend by 12). Since May 2010, 100% cash dividend is released through direct deposit to the BPI account of members.
8. What is your proof of ownership?
- At the end of the year, the Coop issues Stock Certificates for every P50K additional share capital.
9. How do you resign from the Coop?
- Members may withdraw their share capital contribution by submitting to the Ayala Coop a Membership Termination Form, together with a photocopy of their valid ID. Partial withdrawal is not allowed. Since termination completely servers the relationship with tha Ayala Coop, all outstanding loans become due and demandable.
10. Can employees who have resigned from Ayala Companies continue to be a member of Ayala Coop?
- Resigned Ayala employees may continue their membership with Ayala Coop as Associate members; their benefits and privileges undergo the following changes: Upon resignation from the Ayala Company, your outstanding loan with the Coop is due and demandable. If you become an associate member you can borrow only 50% of your investment in the Coop.
11. Who are entitled to borrow from the Coop?
- Members with paid-up capital of P2,000 or more.
12. How much can a member borrow?
- Most loan windows allow members to borrow five times their paid up share capital. Members can avail of 2 types of loan at the same time, provided that their net take home pay (including amortization for all loans) should not exceed the credit limit.
13. How do you borrow from the Coop?
- Fill out a Loan Application Form and submit to your HR, for net capping. Each company has their own internal guidelines in terms of net cap and loan eligibility. For documentation deficiency, Ayala Coop will call you directly or advise your HR Coordinator. Loan proceeds can be deposited directed to the BPI account of the member. Turn-around time is maximum of seven (7) working days from Coop's receipt of your Loan Application form without deficiency/lacking requirement from HR.
14. What happens to those in active service within the Ayala group who terminate their membership?
- Resigned members who continue to be employees of the Ayala group may re-apply six(6) months after his/her resignation. No re-application is allowed for any member who resigned for a second time.