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Membership Application Guidelines
Category COOPS WORKING TOWARDS FOCCUS (Enrolled in FOCCUS Branding Program) ASSOCIATE B
Who are qualified? Cooperatives with savings and credit operations duly registered with the Cooperative Development Authority (CDA) Cooperatives duly registered with the Cooperative Development Authority (CDA)
Benefits Ensures cooperatives’ financial viability and sustainability through regular supervision and monitoring.
  • Financial and initial diagnostic for the first year
  • Annual supervision and examination in compliance with FOCCUS and PESOS/PISO standards
  • Participation in Federation’s capability building and institutional building activities
  • Potential for FOCCUS Branding
Access to trainings and other services of the federation at 20% discount
Fund Management of CETF-National 		Access to trainings and other services (except those exclusive for FOCCUS Branding Program) of the federation at 20% discount
Fund Management of CETF-National
Membership Fee ₱1,000.00 ₱1,000.00
Required Capital Php 20,000.00 Share Capital valued at Php 1,000.00/share

At least 25% of the subscribed share capital shall be paid upon the approval of the application for membership		 Php 20,000.00 Share Capital valued at Php 1,000.00/share

At least 25% of the subscribed share capital shall be paid upon the approval of the application for membership
Annual Fee c/o CETF Remittance Coops with assets of 1B and above
➛ 100,000.00

Coops with assets of 500M to 999.99M
➛ 80,000.00

Coops with assets of 300M to 499.99M
➛ 60,000.00

Coops with assets of 100M to 299.99M
➛ 40,000.00

Coops with assets of 15M to 99.99M
➛ 30,000.00

Coops with assets below 15M
➛ 20,000.00

No annual fee requiered
COOPS WORKING TOWARDS FOCCUS (Enrolled in FOCCUS Branding Program) ASSOCIATE B
Documentary Requirements BOD Resolution On:
  • Letter of intent to join MCN
  • Official Representative and Alternate Representative to MCN

Copies of the following documents:
  • CDA Certificate of Registration
  • Articles of Cooperation
  • By-laws (and Amendments, if any)
  • 3 years Audited FS and Latest Interim Financial Statement
  • List of Board of Directors, Officers, and General Manager/CEO
  • Latest Annual Report
  • Cooperative Profile (History, Services and Products, Areas of Operation)
 BOD Resolution On:
  • Letter of intent to join MCN
  • Official Representative and Alternate Representative to MCN

Copies of the following documents:
  • CDA Certificate of Registration
  • Articles of Cooperation
  • By-laws (and Amendments, if any)
  • 3 years Audited FS and Latest Interim Financial Statement
  • List of Board of Directors, Officers, and General Manager/CEO
  • Latest Annual Report
  • Cooperative Profile (History, Services and Products, Areas of Operation)
Membership Process Step 1: Cooperative submits intent to become a member of the federation by filling in the application form supported by a BOD resolution, and submitting the documents required as listed above.

Step 2: MCN BOD approves/disapproves application for membership. if approved, Cooperative is conferred the Associate Member status.

Step 3: Cooperative pays membership fee and initial capital.

Step 4: Initiation to the Supervision and Monitoring System through an initial Diagnostics Exercise and a mandatory Model Credit Union Building (MCUB) Orientation for Officers and Senior Management Staff.

Step 5: MCN and the cooperative agree on a structuring plan so standards can be met by the cooperative.

Step 6: Monthly monitoring of financial ratios and annual verification of quantitative and qualitative performance indicators.

Step 7: Once standards are met, the FOCCUS brand is awarded, and a REGULAR MEMBER status is conferred. 		Step 1:Cooperative submits intent to become a member of the federation by filling in the application form supported by a BOD resolution, and submitting the documents required as listed above.

Step 2:MCN BOD approves/disapproves application for membership. if approved, Cooperative is conferred the Associate Member status.

Step 3:Cooperative pays membership fee and initial capital.
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2F, Molave Street corner Calamansi Street Juna Subdivision, Matina, Davao City
(082)224-1002 | (082) 333-6712
mcnfederation@gmail.com | admin@mcnfoccuscoops.com