Membership Status
Dec 2023 to PresentCondition 1
Members who have availed the property, home improvement and car loan should submit the required additional documents within six months starting from the loan approval date to remain in good standing. Members can be able to upload the additional documents by selecting loan status and opening the loan. At least 3 documents are required to return the member in good standing after the documents submitted have been reviewed and accepted by the LDSCC Credit Committee
Condition 2
If a member fails to pay loans or share capital, this immediately places his or her account status in bad standing. Once the member was able to start paying the said obligations, he or she will then be returned to good standing status after 12 months from the date of missed payment
Condition 3
Based on the member’s behavior, the LDSCC Admin may manually set a member’s account in bad standing based on the LDSCC moratorium. A moratorium is like a memo that the LDSCC Admin send out to members. Here are some examples:
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