Many of us have second thoughts where to invest our financial savings to a trusted financial institution in the country. As to the overcrowding demand, we have choices where to invest with greater benefits and fewer disadvantages.
I have tried investing in a cooperative near in our place. What is a Cooperative anyway? As browsing to ask.com they define cooperative as a financial entity whose members are owners and customers at the same time. These banks are created by people from the same community who share a common interest. The banks have democratic member control
and member economic participation.
This is what interests me in investing in a cooperative. We may have many cooperatives in our place but base on its popularity and of service to the people, I choose FICCO.
What is FICCO? Ficco stands for First Community Cooperative (FICCO), a cooperative originated in Cagayan de Oro City, is one of the largest and a fast growing cooperative in the Philippines. From its very humble beginning, within the confines of University, has now extended its reach throughout Luzon, Visayas, and Mindanao. This effort is based on the belief that FICCO is a variable and beneficial product which can benefit the non-bankable and/or those under the clutches of the usurers, where they are in Mindanao.
Now they are expanding their branches to Manila, and in the busy city, Makati City.
To be a member to FICCO you must have these following requirements.
1. Obtain a "Membership Application Form" in any FICCO office and fill up the application form.
2. Submit duly completed application form together with the requirements (a. Birth Certificate b. Marriage Contract c. Residence Certificate) to the Branch Manager or Education Coordinator. Obtain a Seminar Schedule Slip upon submitting requirements.
3. On the scheduled seminar date (normally on a Saturday 1:00 - 5:00PM) Come to respective FICCO office and present seminar slip.
4. Always bring money for payment and other fees.
Note: Late comers will not be entertained.
Due to number of members attending PMS we allow only 50 registrants for every scheduled seminar.
Registrants are served on a first come first served basis.
After I have been a member to FICCO, we have General Assembly every year for giving out our dividends and patronage refunds.
Photo shows the General Assembly last March 15, 2014.
With the economic stability of FICCO, I trust personally trust them when in terms of investing my money even in Time Deposit for they have greater interests than any bank.
To know more about FICCO visit their website here:
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