Metro Ormoc Community Multi-Purpose Cooperative

- OCCCI was its former name.

- It is a CDA registered progressive multi-purpose cooperative that provides
services nationwide through various savings and credit facility.
- Its Central office located at Arradaza St. Ormoc City.

HISTORY

Its founders were Rev. Fr. Oscar Lorenzo and Sister Carmela Mitaran, OSB,
organized on August 25, 1978. This cooperative started with only 78 members with
P 5,850.00 paid-up capital. Its first service was made by providing funds through
credit. First members were parents of the Christian Children Funds Beneficiaries,
Farmers and Other Parishioners of Saints Peter & Paul of Ormoc City. At the
beginning years when it was established, the growth of the cooperative was
sluggish and fragile. At around 1983-1988, the cooperative experienced Net
Losses at P20,000.00 per year, thus struggled for funds and resources. The
cooperative started to boom for higher ground with the assistance of a local
priest, Msgr. Jaime Villanueva, and was confirmed by the Cooperative
Development Authority (CDA) as a Credit Cooperative on 1991. Since 1994, new
innovative services were offered to its members like Coop Paninda Loan and
exploited housing projects, transportation business and merchandising.

OCCCI was registered as a Multi-Purpose Cooperative in the year 1997. On 1999,

the cooperative’s assets reached a total of Php24,406,419.00 and a total gross
income of Php4,217,930.00. Its first General Manager, Jose R. Mosquite was
elected, contributing changes for the coop such as the implementation of new
policies, manpower, services, technology and other benefits for its members.

A team-initiated leadership scheme headed by three Chief Officers culled from

the concept of the Holy Trinity. Currently, the cooperative’s total assets has
reached Php 1.511.31 Billion with a total gross income of Php 221.11 Million and
has a registered total membership of 51,783 consolidated regular and associate
members.

Vision
A leading cooperative in the Visayas with empowered members by
2028.

Mission
OCCCI is committed to:
1. Forming strong and prosperous members and families.
2. Providing quality and diversified products and services.
3. Instilling God-centeredness and moral uprightness.
4. Promoting self-governance and responsible stewardship.
Objectives

1. Financial Objective - To achieve safety and stability based on financial

standards.
2. Member Objective - To expand membership in all areas of operations and
respond to the needs of the members for their socio economic and spiritual
growth.
3. Internal Business Process Objective - To provide quality products and
services to members.
4. Learning and Growth Objective - To adopt new technologies and provide
integral learnings and growth opportunities for officers and employees.
5. Networking Objective - To promote cooperativism with its active
participation in existing linkages with federations, alliances, LGUs and other
related institutions.

Values Credo
I-nclusivity
S-atisfaction
H-umility
A-ccountability
R-esponsible Stewardship
E-fficiency & Effectiveness

BOARD OF DIRECTORS

BOD-Chairperson: Rev. Fr. Elmo P. Manching

Vice-Chairperson: Sr. Erlinda B. Lanigao, SFCC
Members:

1. Dir. Juanito V. Reyes

2. Dir. Estrella A. Cortes
3. Dir. Estela D. Suralta
4. Dir. Juan Labra
5. Msgrs. Manuel Damayo
6. Dir. Gilberto Nunez
7. Dir. Immaculada Serenio
PRODUCTS AND SERVICES

I. SAVINGS
A. Regular Savings
Primarily offered to the general membership for them to set aside
funds with ease for future use.
B. Share Capital Savings
A P2,00.00 membership requirement per member, and an interest
dividend will be earned on the share capital annually.
C. Kiddie and Youth Savings
A passbook is issued for 0-17 years old upon opening an account at
P500.00 that will earn 2% interest per annum
D. Alkansya Savings
A savings program wherein parents entrust to a particular child that
includes automatically free accident insurance when an average
daily balance (ADB) of P1,000.00. The savings deposit is locked-up
until senior high graduation day.
E. Time Deposit
For every account opened, a regular time deposit certificate is issued
to the member. Interest depends on the amount. The longer the term
and amount, the higher the interest rate.
F. Retirement Savings
This is for future needs of members’ for retirement that includes life
and accident insurance.

II. LOANS
A. BUSINESS LOANS
 Small Enterprise
 Medium Enterprise
 Commercial Loan
 Commercial Loan Thru Post Dated Checks (PDC)

B. AGRICULTURAL LOANS
 Palay Production
 Sugarcane Production
 Hog Fattening
 Backyard Hog Raising
 Aquatic Production
 Poultry (Layering/Growing/Duck)
 Vegetable and Crop
 Farm Mechanization

C. EMERGENCY LOANS
 Medical
 Calamity
 Bereavement

D. NON-EMERGENCY LOANS
 House Repair
  Educational
 Property Acquisition

E. OTHERS
 Cash Assistance
 Jewelry
 Back to Back
 Fringe Benefit
 Salary Loan
 Express
 Pensioners
 Allotment
 Friendly Assistance
 Members’ Benefit Assistance

III. SOCIAL DEVELOPMENT AND WELFARE SERVICES (INSURANCES)

LIFE INSURANCES

1. Family Insurance Plan (FIP)

Dependents
(maximum of
PACKAGE Principal
Spouse 3 children
BENEFITS Member
equally
divided)

Life Insurance 100,000 50,000 25,000

Accidental
Death and
100,000 50,000 25,000
Dismemberment
(ADD)

Cash Burial
Benefit due to 25,000 15,000 15,000
Accident

ANNUAL
P920.00
PREMIUM

ELIGIBILITY

 Members aging 18 to 69 years old are eligible to enroll. 70th Birthday is the
exit age.
 Dependents must be declared and named. The following are the order of
preference: Spouse, Children, Parents, Single Brothers/Sisters (Children only
from eldest to youngest (4-17 years old only) Spouse, Parents, Single
Brother/Sisters (18-64 years old only))
CONTESTABILITY

 Upon approval of the CLIMBS, the coverage becomes effective.

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was insane
or sane when the act was committed is not payable if it occurs within one
year from effectivity of the insurance.
 Accidental coverage ends on when the insured reaches its 65th birth
anniversary.
 For member ages 65-69 only Life Insurance Benefit. 70th Birthday is the exit
age.

2. Mortuary

GROUP YEARLY RENEWABLE TERM LIFE INSURANCE (OCCCI MORTUARY)

PACKAGE BENEFITS OPTION I OPTION II

Life Insurance Coverage

150,000.00 100,000.00
(member)

Accidental Death &

150,000.00 100,000.00
Dismemberment (ADD)

Life Insurance (Spouse) 10,000.00 10,000.00

Children (max. of 3) Divide

15,000.00 15,000.00
equally

Hospital Income Benefit

(HIB) due to natural & 300.00 per 300.00 per
accident cause (maximum day day
of 30 days)

Fire Insurance Cash

10,000.00 10,000.00
Assistance

Calamity Assistance 5,000.00 5,000.00

Funeral Cash Assistance 5,000.00 5,000.00

ANNUAL PREMIUM 2,035.00 1,620.00

ELIGIBILITY

 No age limit. All existing OCCCI members enrolled in the program

from 2006 to present are eligible for the insurance coverage.
  For incoming new members, the entry age from 4 years old to 65
years old and exit at 70th birthday.

CONTESTABILITY

 Contestability period shall be waived for members enrolled since

2006.
 For new members, if death occurs within 1 year from membership
date, they shall be subjected to ex-gratia settlement
 (Premium/356 x # days of membership= Benefit)

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was

insane or sane when the act was committed is not payable if it
occurs within one year from effectivity of the insurance.

3. Members Mutual Assistance Program (MMAP)

MMAP High
PACKAGE BENEFITS MMAP
Risk

4-65 years 66yrs old to

AGE
old Unlimited

Hospitalization 1,500 per 1,500 per

Assistance day day

Maximum
20,000.00 in 20,000.00 in a
hospitalization benefits
a year year
per year

Surgical Benefits 10,000.00 -None-

ANNUAL PREMIUM 1,500.00 2,000.00

ELIGIBILITY

 All members ages 18 years old and above are eligible.

 Parents/guardians may also be enrolled (ages 5 up to 17 years old).

CONTESTABILITY

 No assistance will be granted within the first (12) months of

coverage for new members with pre-existing conditions, instead on the
second year on wards, full coverage may be granted.
INCLUSION & LIMITATION

 A confinement of atleast 24 heours in a hospital is required.

 Claiming of the benefit is thru re-imbursement.

4. Group Yearly Renewable Term (GYRT)

MINIMUM MAXIMUM
BENEFIT
PLAN PLAN

Death Benefit
30,000.00 100,000.00
Coverage

ANNUAL PREMIUM P470.00 P1,800.00

ELIGIBILITY

 OPTION 1 & 2:
o For 18-69 years old. 70th birthday is the exit age.
 OPTION 3 & 4:
o For 18-60 years old, it is renewable up to (69) years old so long as the
member is continuously insured from the time he/she was enrolled.
70th birthday is the exit age of the insured member.

CONTESTABILITY

 6 months contestability period from the effectivity of the insurance

coverage is granted for new enrollee.
 If the upgraded coverage is greater than the previous amount of
coverage, the amount in the excess shall be subject to 6months
contestability period even if the insured is covered for more than 1year.

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was insane
or sane when the act was committed is not payable if it occurs within one
year from effectivity of the insurance.
 5. KEYMAN Accident Protector Plan (KEYMAN)

MINIMUM MAXIMUM
PACKAGE BENEFITS
PLAN PLAN

Principal Sum 1,000,000 3,000,000

Unprovoked Murder
500,000 1,500,000
/Assault

Accident Medical
100,000 150,000
Expense

Accident Burial Benefit 100,000 150,000

ANNUAL PREMIUM P1,800.00 P5,400.00

ELIGIBILITY

 ages18 to 65 years old

CONTESTABILITY

 Upon approval of the CLIMBS, the coverage shall be effective.

INCLUSION & LIMITATION

 For Individual under Occupational Class I – Strictly non-hazardous

occupations; cooperative officers pure white collar (i.e. secretary, dentist,
executives, clerk, teachers, doctors.)
 Accidental Death and Permanent Disablement
o -The Principal Sum is the amount of coverage per person. Within 180
days after the date of accident, the plan will pay the Principal Sum,
when injury results in any of the following loss to an insured person:

Life due Accident-------------------------------------- 100%

Sight of Both Eyes or Both Hands or Both Feet --------- 100%

One Hand and One Foot ---------------------------------- 100%

Hand or Foot and Sight of One Eye ---------------------- 100%

Hand or Foot or Sight of One Eye ------------------------ 50%

Thumb and Index Finger ----------------------------------- 10%

 6. Student Accident Insurance (SAI)

PACKAGE BENEFITS PLAN A PLAN B

Accidental Death & Disablement 25,000 20,000

Unprovoked Murder & Assault 25,000 20,000

Accident Medical Reimbursement 2,500 2,000

Accident Burial Benefit 2,500 5,000

ANNUAL PREMIUM P25 P25

ELIGIBILITY

 Ages 4 to 40 yrs old is the entry age. 41 yrs old is the exit age.
 Eligible for insurance are all bonafide students.

CONTESTABILITY

 Upon approval of CLIMBS, the coverage shall be effective.

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was insane
or sane when the act was committed is not payable if it occurs within one
year from effectivity of the insurance.
 Worldwide 24 hours a day
 Even after school days provided within the policy year, it is enforceable in
or out of the school campus.
 Whether on vacation, at work, at play, at home or at any places.

7. Coop AKSI Plan (AKSI)

PACKAGE BENEFITS BRONZE GOLD

Accidental Death and

20,000 100,000
Dismemberment

Unprovoked Murder and Assault 10,000 50,000

 PACKAGE BENEFITS BRONZE GOLD

Medical Reimbursement due to

2,000 10,000
Accident

Hospital Income Rider due to

100 per 300 per
Accident Max. of 7 days per
day day
current yr.

ANNUAL PREMIUM P100 P330

ELIGIBILITY

 Aged 18-69 years old. 70 years old is the exit age.

CONTESTABILITY

 Upon approval of CLIMBS, the coverage becomes effective.

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was

insane or sane when the act was committed is not payable if it occurs
within one year from effectivity of the insurance policy.
 Actual medical expenses for injuries sustained from an accident,
the policy will reimburse, provided within 30 days from the date of the
accident the treatment begins. Medical reimbursement equivalent to 10%
of the accident insurance (maximum of Php10,000.00). This value-added
option is not deductible from the amount of accident insurance, when
paid

8. PATXT

MINIMUM MAXIMUM
PACKAGE BENEFITS
PLAN PLAN

Accidental Death 5,000.00 25,000.00

Accidental Permanent
5,000.00 25,000.00
Disablement

Death Due to
5,000.00 25,000.00
Motorcycling Accident

Accidental Death Due to

5,000.00 25,000.00
Drowning, Dog/Snake Bite
 MINIMUM MAXIMUM
PACKAGE BENEFITS
PLAN PLAN

ANNUAL PREMIUM 01-69

P15.00 P75.00
YRS OLD

ANNUAL PREMIUM 70-99

P30.00 P150.00
YRS OLD

ELIGIBILITY

 For ages 1-99 years old

CONTESTABILITY

 Upon approval of CLIMBS, coverage shall be effective.

INCLUSION & LIMITATION

 Five (5) Cards per person is the maximum

 Notice of Injury or Death – Within 20 days after the date of
accident, a written notice of the injury on which claim must be given to
the company. For Accidental Death, immediate notice for such death
must be given to the company. Failure to send notice within the time
provided in the policy, shall invalidate any claim.

9. Coop Loan Protection Plan (CLPP

PACKAGE BENEFITS

INCIDENT COVERAGE

Natural death LPP face amount

RIDER (optional)

Double the LPP face

Accidental death
amount

Dismemberment Various, per schedule

Total & Permanent disability due

LPP face amount
to accident
 PACKAGE BENEFITS

INCIDENT COVERAGE

1.35 per thousand x

PREMIUM
loan terms

ELIGIBILITY

 A member of the Cooperative or Financial Institutions

 For 18-65 years old. Graduated rates shall be applied for 66-69 years old.
 Must not be physically impaired or mentally incompetent.
 Members must be in good health and without life threatening diseases

CONTESTABILITY

 Upon signing of the insurance policy, the loan insurance will take
effect.

INCLUSION & LIMITATION

 In cases of death due to suicide whether the insured member was insane
or sane when the act was committed is not payable if it occurs within one
year from effectivity of the insurance.
 The insured loan will be paid by CLIMBS upon death of the borrower;

NON-LIFE INSURANCES

A. HOME SECURE

PACKAGE BENEFITS OPTION I

Residential Fire Insurance for Building and

Php50,000.00
Household Contents (First Loss)

Comprehensive Personal Liability (Home Premises)

Personal Liability 20,000.00

Medical Payment 2,000.00

Damage to Property 2,000.00

Accidental Death and Dismemberment

25,000.00
Insurance
 PACKAGE BENEFITS OPTION I

Bereavement Assistance (due any type

2,500.00
of death)

Annual Premium Php250.00

ELIGIBILITY

 All members are eligible.

CONTESTABILITY

 Upon approval of CLIMBS, the coverage shall be effective.

INCLUSION & LIMITATION

 Per insured location, a maximum of two (2) units.

B. FIRE AND ALLIED PERILS

Formula in Computing the Premium = Basic Premium + (FST+LGT+Mgmt Fee)

 Basic Premium = Valued of Property x Rate

 FST = 2% of the Basic Premium
 LGT = 0.75% of the Basic Premium
 Mgmt Fee = Php25.00 (Constant)

ELIGIBILITY

 To cover properties owned by a member of OCCCI and properties

of the cooperative against Fire and/or Lightning including extended perils
of standard fire (Residence, Commercial, warehouse and industrial)

CONTESTABILITY

 Upon approval of CLIMB, coverage shall be effective.

INCLUSION & LIMITATION

 Construction - the nature and construction of the exterior walls and roof.
o Class A – Building rated as fire resistant without any element
of light material or timber and with roof made of Galvanized Iron
(G.I.) sheets, tiles, concrete, and asphalt. Open sided structures with
galvanized iron (G.I.) or hard roof with concrete hollow blocks posts.
o Class B –any or all types of light materials (ex. timber,
bamboo, nipa etc.)
C. MOTOR CAR INSURANCE

a. CTPL (Compulsory Third Party Liability)

o Coverage : third party bodily injuries- to protect the welfare of the
public in cases of motor car-related accidents
 Private car (PC)
 Commercial Vehicle (CV)
 Motorcycle (MC
b. Comprehensive Insurance
o Optional Coverage
 Own damage / OD
 Bodily Injury / BI
 Property Damage / PD
 AUTO-PA / MVPA Act Of Nature

1. OWN DAMAGE
o Fair Market Value is the basis for the coverage.
o Covers vehicle of first party
o Deductibles:
o PC – 0.5% of the OD coverage minimum of 2,000
o CV – 1% of the OD coverage minimum of 3,000
o MC – 1% of the OD coverage minimum of 1,000
o LTO – 1% of the OD Coverage minimum of 5,000 - 10,000
2. BODILY INJURY(BI)
o Additional/excess of CTPL for Body Injury/Death.
o Covering only the Third party.
3. PROPERTY DAMAGE(PD)
o Covering only the property damage caused by the assured
towards Third party.
4. AUTO-PA
o Covering only the first party passenger/authorized
driver/passenger of first party.
o 50,000.00 Per person w/ 5,000.00 medical reimbursement for
4-wheels or more vehicles
o 10,000.00 Per person for motorcycle w/ 1,000.00 medical
reimbursement.

MEMBERSHIP

Step 1
Pre-Membership Education Seminar (Monday to Saturday) or by
appointment is required.

Step 2
Membership Entrance form and Subscription Agreement form with recent
2x2 colored picture shall be accomplished.

Step 3

 Initial Share Deposit Php 100.00 (Full - Php 2000.00)

  Initial Savings Deposit Php 100.00 (Full - Php 1000.00)
 Registration and Membership Fee Php 200.00
 SCDF Php 50.00
 Passbook Php 25.00
 Orientation Fee Php 50.00

Optional

 Life Insurance (ASKI Silver) = Php 185.00

 PMES Module = Php 20.00

Total = Php 665.00

CONTRIBUTION TO POVERTY REDUCTION/ ALLEVIATION:

OCCCI assists small and medium business enterprises through its loan
services in providing fund for the growth of their business. It also provided
additional employees because of its different branches nationwide.

CONTRIBUTION TO GENDER AND DEVELOPMENT (GAD):

With the issuance by the Cooperative Development Authority (CDA) of
Memorandum Circular 2013-22, OCCCI policies aims to promote gender equality
and institutionalized gender and development in their policies and programs and
other activities.

BUSINESS VIABILITY AND SUSTAINABLITY:

OCCCI is now a progressive cooperative. It has different branches
nationwide with increasing assets and gross income. As such, it can stand for more
years to help its members financially.
 Eastern Visayas State University
Tacloban City
GRADUATE SCHOOL

RESEARCH ON
Metro Ormoc Community
Multi-Purpose Cooperative

SUBMITTED BY:

JULIEVEE O. TANGOG
MPRM