CBMPC Revises Policy on Membership

To broaden its membership base and extend its services to a bigger number of people, CBMPC has revised its policy on membership, as follows:

A.  For Regular Members

• LANDBANK alumni – those who retired, resigned, or transferred to other agencies
• Relatives of regular members within the first degree of consanguinity (children and parents) and affinity (spouse)
• Relatives of regular members within the second degree of consanguinity (grandchildren, grandparents, and siblings) and affinity (parents-in-law and children-in-law)
• Regular employees of LBP subsidiaries
• Staff of CBMPC

B.  Associate members

• LANDBANK present employees

Each new member is required to pay a one-time membership fee of P500 upon application. In addition, a member has to put in the minimum share capital of P50,000 in order to gain access to its various products and services, such as availing of selected loans and investment facilities and entitlement to 100% dividend/interest on share capital due.

Mindful of the difficulty of some of its members, especially during these challenging times to do one-time payment of the required P50,000 share capital, the CBMPC Board of Directors approved this year the recommendation to ease the payment of share capital. Thus, the following mode of payment of the share capital is available to members: payment of initial share capital of P5,000 upon submission of the Application Form, and the balance of P45,000 may be paid in installment within a maximum of three years. Nevertheless, members have also the option to pay the entire amount of P50,000 upfront or upon application to fully access the available loan and investment facilities and enjoy higher interest on share capital.

Those who are interested to become members of CBMPC may contact GM Lydia de Asis at any of these numbers: 8354- 5926, 8522-0538, 0965-123-6939; 0961-475-8925 or communicate with her by sending email to: [email protected]