existing rules and conditions of the LDS Credit Cooperative as follows:
1. To attend and finish the Cooperative’s prescribed pre-membership orientation
2. To comply with the provisions of the Articles of Incorporation and Bylaws, policies set by the Board of Directors and the General Assembly, as well as acts of duly constituted
authorities
3. To pay the membership fee as determined by the Board of Directors
4. To subscribe shares starting and continuing monthly Share Capital or Fixed Deposit
5. To participate in the savings program monthly Savings Deposit deducted on a semi-monthly basis as my savings deposit and continue to increase my contribution as mandated under the Cooperative Law
6. To pay monthly "Unungan" contribution (damayan) as adjusted by the Board of Directors
7. To authorize my employer, the AREA PRES. CJCLDS PHILS. INC. to deduct from my monthly or semi-monthly salary the share capital subscription, savings deposits, loan
amortizations if any, and other obligations mandated by the Cooperative by-laws and
approved policies
8. To avail of the services offered by the Cooperative and patronize them as a good member should
9. To abide by all rules and conditions required to become and continue to be a member of
good standing
Any gross violation of the existing LDS Credit Cooperative by-laws and provisions as mandated in the new Cooperative Development Authority law shall cause my membership expulsion in the cooperative.
With full knowledge and understanding of my basic rights and obligations I signify my intent in joining the cooperative.
