MEMBERSHIP AGREEMENT

An individual accepted into membership shall pay the amount of Php 150.00 as lifetime membership. A member's objective is to:

  •      To retrieve of 25 cents and other denominations.
  •      Encourage every Filipino people to pool together the 25 centavo coins and bring them back       into circulation.
  •      A member is obliged to save a 25 centavo coin each day or P90 per year or P450 in the next       five (5) years.
A duly approved member shall open a savings deposit account for the retrieval of the 25 cents such and account and such regular intervals as the member may decide and the board of directors may determine. However, no member shall open a savings deposit account unless the Php 150.00 membership fee is fully paid.

Loans may be extended to any members of good standing subject to rules and regulations in the By-laws and these may be promulgated by the BOD of Republika ng Barya. The amount and the terms of loan shall be in accordance with the By-Laws Penalties/lies for non payment of loans as agreed upon will be levied to the corresponding borrower's, all in accordance to the credit policies set forth by the Board of Directors.

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