“We Help You Invent Your Family’s Future” WHAT IS A COOPERATIVE?- Autonomous and a duly registered association- Common bond of interest- Voluntarily joined together- Achieve their social, economic, and cultural needsand aspirations- Equitable contributions- Patronizing their products and services- With risks and benefits- Cooperative principles
“We Help You Invent Your Family’s Future” COOPERATIVE PRINCIPLES1. Voluntary and Open Membership2. Democratic Member Control3. Member Economic Participation4. Autonomy and Independence5. Education, Training and Information6. Cooperation Among Cooperatives7. Concern For Community
“We Help You Invent Your Family’s Future”All Cooperatives must register under the CDA and all Cooperatives aregoverned under the: R.A. 9520 PHILIPPINE COOPERATIVE CODE OF 2008
“We Help You Invent Your Family’s Future” Who can be Members of a Cooperative?A cooperative has two kinds of members: regular members and associatemembersA regular member is one who has complied with all the membership requirements andentitled to all the rights and privileges of membership as stated in the Cooperative Code and thecoops’ by laws.An associate member has no right to vote and be voted upon and is entitled only to suchrights and privileges provided by the cooperative’s by laws.
“We Help You Invent Your Family’s Future”WHAT ARE THE TYPES OF COOPERATIVE? Cooperatives may fall under any of the following type: Credit Cooperative Financial Service Cooperative Consumer Cooperative Fishermen Cooperative Producers Cooperative Health Services Cooperative Marketing Cooperative Housing Cooperative Service Cooperative Insurance Cooperative Multipurpose Cooperative Transport Cooperative Advocacy Cooperative Water Service Cooperative Agrarian Reform Cooperative Workers Cooperative Cooperative Bank Dairy Cooperative Other types of Cooperative as may be determined Education Cooperative by the Electric Cooperative
“We Help You Invent Your Family’s Future”FUTURE-NET CREDIT COOPERATIVE Established November 8, 2011 CDA Registration # 9520-16020832
“We Help You Invent Your Family’s Future” Empowered by: Future-net Network Marketing Association of the PhilippinesSEC Registration # CN201118456
“We Help You Invent Your Family’s Future”Barangay Clearance BIR Certificate Business Permit
“We Help You Invent Your Family’s Future” FUTURE-NET COMMON BOND OF INTEREST?ASSOCIATIONAL All members of Future-Net Association (FNMAP, Inc.) can be a member of Future-Net Credit Cooperative and vice versa.
“We Help You Invent Your Family’s Future” The People behindFUTURE-NET CREDIT COOPERATIVE MR. RICKY DEPAULA SARMIENTO Chairman of the Board
“We Help You Invent Your Family’s Future”MR. VIRGILIO JACKSON CASIÑARES Vice-Chairman of the Board
“We Help You Invent Your Family’s Future” BOARD OF DIRECTORSMary Grace Sarmiento Entrepreneur Board Secretary Leonora B. OlivaAlejandro O. Navarro Operation Manager,Future-Net Fairview Quezon City. BRANCHEntrepreneur/Networker Manager of Local Manpower for Six (6) Years LEGAL ADVISERRv B. Calamaya Atty. Oliver LozanoIT System Developer @ “The Fighter Lawyer”China Banking Corporation
“We Help You Invent Your Family’s Future” MISSION 1. To instill cooperativism as a way of life. 2. To act as a catalyst and unifying force in the Core Values: promotion, development and cooperation of Excellence, cooperatives at all levels towards theCommitment, Integrity improvement of the quality of life. & Teamwork. 3. To seek ways and means of achieving self- reliance, integration and mutual assistance. VISION To become strong, viable cooperative in the Philippines, unified by common aspirations to promote cooperativism characterized by self- reliance, mutual assistance, democracy, justice and nationalism to achieve total human development.
“We Help You Invent Your Family’s Future” The Purpose/s for which this FUTURE-NET CREDIT COOPERATIVE was organized; To provide greater benefits to the members such as increasing individual income or enhancing a member’s way of living. To be pioneering business in delivering sustainable financial service for members and society. To engage in accepting deposits and granting of loans for productive and providential use to members.
“We Help You Invent Your Family’s Future” MEMBERSHIP >>> P1500100.00 - FNMAP, INC You will Get:100.00 - Social Fund •Coop ID200.00 - Insurance/ID •Certificate of Membership600.00 - Coop Membership •Insurance certificate of cover500.00 – Future-Net KIT •Presentation clearbook •Presentation CD •Futurenet T-shirt1500.00 TOTAL
“We Help You Invent Your Family’s Future” SHARE CERTIFICATE INSURANCE CERTIFICATE OF COVER REQUIRED SHARE CAPITAL – P5,000.00 Deduction will be made weekly from commission 50.00 INSURANCE COVERAGE 50k Accidental Death, 50K Dismemberment, REQUIRED SAVINGS - Minimum of 5,000.00 5k Medical Reimbursement due to Accident50.00/Week. Succeeding saving upon completion 5k Burial Benefits due to Accident of 5,000.00 is optional.
“We Help You Invent Your Family’s Future” FUTURE-NET TERMS :FNDRC - Future-net Direct ReferralCommissionFNIDRC - Future-net Indirect ReferralCommissionFNLC - Future-net Loan CommissionFNMFRC - Future-Net Mobile FranchiseReferral Commission “Money,Opportunity,Business, Income, Livelihood, Entreprenuer”
“We Help You Invent Your Family’s Future”In every person that you SPONSOR you REMARKS : If you can sponsor as fast as (5) on your Group..You are Qualified towill get P250 outright. apply for a loan @ Future-Net Coop.
“We Help You Invent Your Family’s Future”No. of Direct Referrals LOAN5 DIRECTS = P3,000 Loan Interest is15 DIRECTS = P10,000 0.5% monthly(Required Share Capital P 500) Loan Payable in20 DIRECTS = P15,000 6months(Required Share Capital P 2000)25 DIRECTS = P20,000(Required Share Capital P 3000)
“We Help You Invent Your Family’s Future” TABLE OF LOAN AMORTIZATIONLOAN Amt. Maturity Net Weekly Daily (6 mos.) Proceeds Amort. Amort. 3,000.00 3,090.00 2,765.00 128.75 18.40 6,000.00 6,180.00 5,630.00 257.50 36.80 9,000.00 9,270.00 8,495.00 386.25 55.2010,000.00 10,300.00 9,450.00 429.17 61.3115,000.00 15,450.00 14,225.00 596.88 85.3020,000.00 20,600.00 19,000.00 858.33 122.62
“We Help You Invent Your Family’s Future”MONTHLY INTEREST0.5% or P5.00 in every P1000 Payable in Six (6) MonthsINDIRECT REFERRAL COMMISIONCut-off: Monday to Sunday (Cut-off 9pm)Release of Commission is every WEDNESDAY the following week.SCHEDULE OF PAYMENTShare Capital , Loans & Savings – every FRIDAY until 9pm cut off time.*** Release/Renewal of loan will be delayed for 1 month in case of late payment. STRICTLY IMPLEMENTED*** You may pay in advance – Ex : P200.00 will cover your payment for a month*** You can deposit for your Share Capital & Savings simultaneously.
“We Help You Invent Your Family’s Future” WHERE TO DEPOSIT YOUR WEEKLY PAYMENTS All members must deposit their weekly SHARE CAPITAL, SAVINGS and LOAN payments directly to any Mobile Franchisee or authorized banks of FUTURE-NET CREDIT COOPERATIVE. For bank payments. Make 2 copies of the deposit slip. 1 COPY for filing purposes of the member and bank copy. Report the detail of the deposit at the office thru our TXT MESSAGE FORMAT. INFORMATION NEEDED ARE Purpose of payment /Full Name/Amount/Bank/Branch/Date/Time/Transaction Number TXT FORMAT: Example 1: ( For SHARE CAPITAL PAYMENT ) SHARE CAPITAL/JUAN DELA CRUZ/200/BPI/FAIRVIEW/28DEC12/11:19:04/454CRLP3 Example 2: ( For LOAN PAYMENTS ) LOAN /JUAN DELA CRUZ/500/BPI/FAIRVIEW/28DEC12/11:19:04/454CRLP3Future-net Cooperative BanksBANK OF THE PHILIPPINE ISLANDS Send to:ACCOUNT NO: 004543-1138-46 SMART: 0947.773.8823RIZAL COMMERCIAL BANKING CORPORATION (RCBC) GLOBE: 0917.905.83.05ACCOUNT NAME : FUTURE NET CREDIT COOPERATIVE SUN: 0923.445.67.08ACCOUNT NO: 1-135-76246-2 Email to: firstname.lastname@example.orgUNITED COCONUT PLANTERS BANK (UCPB)ACCOUNT NAME: FUTURE NET CREDIT COOPERATIVEACCOUNT NO: 201940002527
“We Help You Invent Your Family’s Future” INVESTMENT: Benefits: PHP100,000o Mobile Franchise Accounto Certificate of Appointment P50 per paid Memo1M Insurance Coverage AD & D Applicationo 500,000 for Spouse & Maximum of 2 Children (7-18y/o).o With 10% Unprovoked Murder and assault 5% Encashmento Personal VTPL (Second Layer of car insurance) P200,000.00 0.5% Loan of Taggedo Fire Assistance P 50,000.00o Brand new computer set Applicationo 4 in 1 printero Membership Forms (10 pads) Lock in (by Parameter area/o 10pc. Provisionary Receipts Municipality)o 7 pcs. Tarpaulin ( BIG )o 7 pcs. Tarpaulin ( SMALL )o 2 pcs. Clearbooko 5 Membership Entries