18/03/2024
Tuloy-tuloy pa rin ang saya sa GSAC 60th Anniversary! Sali na at baka kayo na ang susunod na Lucky Winner!
Mechanics:
•Regular member of the cooperative.
•Members with delinquent loan accounts are qualified, on the condition that interest of the capital will be used as payment of his/her loan.
• For every Php 500 additional/ incremental deposit to the common shares aside from the Php 4,000 required share capital, the member is entitled to one (1) raffle ticket.
• New members’ initial deposit and Member’s Loan Retention for Share Capital shall not be allowed.
• Transfer of deposit from savings or Time Deposit are allowed.
• Deposits may be made through over-the-counter, Gcash, online bank transfer, or debit memo.
• Withdrawal or Termination of Membership
• Upon withdrawal or termination of membership, Share Capital deposits under this Anniversary raffle shall be withdrawn after 1 year.
• Verification of the tickets: The Internal Audit shall verify the raffle ticket of the depositors before placing it to the Tambiolo to ensure that the member is qualified to join the raffle.
Obligations of the Winning Member:
1. Pay all arrears and overdue loans for a period within the 30–day redemption period.
2. Failure to settle the arrearages, the following options are:
A.) The accumulated raffle deposits with funds equal to or more than the outstanding obligations are applied as payment to the overdue loans.
B.) The equivalent amount of the prize won will be credited as payment to the member’s past due loans (penalty, interest, principal)
