MUTUAL BENEFIT FUND (PROJECT ANGEL)
The Mutual Benefit Fund (Project Angel) aims to instill the cooperative value of self-help whereby coop members help each other while helping themselves by working together for mutual benefit and to set up fund for cash assistance to the beneficiary/ies of deceased members. It is open to all members with at least one (1) year membership with CBMPC.
A member must open a MBF (Project Angel) Savings Account, MBF SA, with a minimum amount of P500.00 and pay the one-time Membership Fee of P500.00. Should the MBF SA falls below the minimum balance, the same shall be replenished by the account holder. In case of death of a MBF member, P100.00 shall be automatically deducted from the MBF SA of MBF (Project Angel) for cash assistance to the beneficiary/ies of the deceased MBF member.
The Application Form for membership can be requested from Management.