Actions Being Taken on Past Due Accounts

Further to the major policy amendments in restructuring past due accounts approved during the 2nd quarter of 2022, CBMPC continues to implement remedial measures to reduce its past due rate and help those members settle their outstanding obligations. Per recommendation of the General Manager, the coop Credit Committee and Board of Directors acted on various proposals for restructuring.

Forty-three accounts amounting to P6.22M have been restructured and the balance has been reduced to P2.75M as of March 31, 2025.