A P2,000 worth of Common Share automatically lets you enjoy all the benefits of being an OIC member-owner.

Common Share

Common Share

Become a full-fledged OIC member by simply investing P2,000 in Common Share or Share Capital when you open an account. This amount can already give you a say in our C0-operative, a share of the profits, and everything else membership has to offer.

  • Minimum and Maximum
  • Minimum amount to open an account is only P200, with at least P2,000 worth of subscription. No member is allowed to own more than 10% of the total subscribed Share Capital.
  • Interest on Share Capital
  • Interest on Common Share is determined and approved yearly by the Board of Directors, based on the current year’s audited Net Surplus and credited before the branch’s General Assembly schedule. This counts as interest income and is free of tax.
  • Redemption
  • The Share Capital contribution of the member is considered as equity. It can only be withdrawn when the member decides to leave the Co-operative.