Being a multipurpose cooperative, APEC can engage in all kinds of legal business undertakings pursuant to its Constitution and By-Laws. However, the primary source of its revenues is through loans to its members.

 

Loan to members are granted based on the 5 C's of Credit - (1) Capacity, (2) Character, (3) Condition, (4) Collateral, and (5) Capital.

 

 

Compliance to the following requirements:

1. Completion of the PhP 12,000.00 minimum share capital subscription

2. Maximum allowable loan of trice the share capital subsciption

3. If applying in excess of the maximum, a Co-Maker is required

4. No more than 3 loans exising at time of application

5. Salary deduction per payday or issuance of PDC's

6. Payable in 1 month to 12 months

 

Fees and other charges:

- Minimum interes rate of 1.5% permonth

- PhP 300.00 one-time service fee

- Loan insurance of PhP 1.00 per PhP1,000.00

 

Benefits:

- Fast processing of loans

- Insurance premium subsidy for Life Insurance of PhP 100,000.00 per member

- Annual dividends payout

- Patronage refund yearly

- Availment of cheap goods and services

- Credit Card in partnership with SM/BDO

- Ideal Optical

- Coop giveaways

- Coop parties and outings