Benefits of Being a Member

07MayMay 7, 2021

Benefits of Being a Member

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Both members and non-members who want to sell their produce (i.e., palay and cassava) at the Coop’s Grains Center are catered. However, the selling price for the members is higher than that of the non-member, beside from the patronage refund that is being credited to their account for each of the transaction made.

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The cooperative was formerly known as Quirino Electric Cooperative (QUIRELCO) Employees Association organized in 1982 by its thirty-five (35) employees. The members pooled their resources by way of deducting Php20.00 every pay day until such time that Php100.00 is accumulated. The idea was brought up to address their common problem of where to run to when there is a need for money that forced them to take personal cash advances and dependency of employees on credits offered by pitiless businessman who took advantage of imposing high interest. Out of the accrued collections, an employee can borrow five hundred pesos (Php500.00) on a scheduled basis, which was determined initially through a draw lot. A minimal interest was imposed payable according to the capacity of the employee.

Benefits of Being a Member