Future-Net Power Point
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A cooperative is a registered association of individuals who voluntarily join together to meet their social, economic, and cultural needs through equitable contributions and democratic control. The document outlines the cooperative principles of voluntary membership, democratic control, member economic participation, autonomy and independence, education and training, cooperation among cooperatives, and concern for the community. It then provides details about Future-Net Credit Cooperative, including its leadership, types of memberships, loans offered, and compensation structure.
Future-Net Power Point
- 2. WHAT IS A COOPERATIVE?
- 3. “We Help You Invent Your Family’s Future” WHAT IS A COOPERATIVE? - Autonomous and a duly registered association - Common bond of interest - Voluntarily joined together - Achieve their social, economic, and cultural needs and aspirations - Equitable contributions - Patronizing their products and services - With risks and benefits - Cooperative principles
- 4. “We Help You Invent Your Family’s Future” COOPERATIVE PRINCIPLES 1. Voluntary and Open Membership 2. Democratic Member Control 3. Member Economic Participation 4. Autonomy and Independence 5. Education, Training and Information 6. Cooperation Among Cooperatives 7. Concern For Community
- 5. “We Help You Invent Your Family’s Future” All Cooperatives must register under the CDA and all Cooperatives are governed under the: R.A. 9520 PHILIPPINE COOPERATIVE CODE OF 2008
- 6. “We Help You Invent Your Family’s Future” Who can be Members of a Cooperative? A cooperative has two kinds of members: regular members and associate members A regular member is one who has complied with all the membership requirements and entitled to all the rights and privileges of membership as stated in the Cooperative Code and the coops’ by laws. An associate member has no right to vote and be voted upon and is entitled only to such rights and privileges provided by the cooperative’s by laws.
- 7. “We Help You Invent Your Family’s Future” WHAT ARE THE TYPES OF COOPERATIVE? Cooperatives may fall under any of the following type: Credit Cooperative Financial Service Cooperative Consumer Cooperative Fishermen Cooperative Producers Cooperative Health Services Cooperative Marketing Cooperative Housing Cooperative Service Cooperative Insurance Cooperative Multipurpose Cooperative Transport Cooperative Advocacy Cooperative Water Service Cooperative Agrarian Reform Cooperative Workers Cooperative Cooperative Bank Dairy Cooperative Other types of Cooperative as may be determined Education Cooperative by the Electric Cooperative
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- 9. “We Help You Invent Your Family’s Future” FUTURE-NET CREDIT COOPERATIVE Established November 8, 2011 CDA Registration # 9520-16020832
- 10. “We Help You Invent Your Family’s Future” Empowered by: Future-net Network Marketing Association of the Philippines SEC Registration # CN201118456
- 11. “We Help You Invent Your Family’s Future” Barangay Clearance BIR Certificate Business Permit
- 12. “We Help You Invent Your Family’s Future” FUTURE-NET COMMON BOND OF INTEREST? ASSOCIATIONAL All members of Future-Net Association (FNMAP, Inc.) can be a member of Future-Net Credit Cooperative and vice versa.
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- 14. “We Help You Invent Your Family’s Future” The People behind FUTURE-NET CREDIT COOPERATIVE MR. RICKY DEPAULA SARMIENTO Chairman of the Board
- 15. “We Help You Invent Your Family’s Future” MR. VIRGILIO JACKSON CASIÑARES Vice-Chairman of the Board
- 16. “We Help You Invent Your Family’s Future” BOARD OF DIRECTORS Mary Grace Sarmiento Entrepreneur Board Secretary Leonora B. Oliva Alejandro O. Navarro Operation Manager,Future-Net Fairview Quezon City. BRANCH Entrepreneur/Networker Manager of Local Manpower for Six (6) Years LEGAL ADVISER Rv B. Calamaya Atty. Oliver Lozano IT System Developer @ “The Fighter Lawyer” China Banking Corporation
- 17. “We Help You Invent Your Family’s Future” MISSION 1. To instill cooperativism as a way of life. 2. To act as a catalyst and unifying force in the Core Values: promotion, development and cooperation of Excellence, cooperatives at all levels towards the Commitment, Integrity improvement of the quality of life. & Teamwork. 3. To seek ways and means of achieving self- reliance, integration and mutual assistance. VISION To become strong, viable cooperative in the Philippines, unified by common aspirations to promote cooperativism characterized by self- reliance, mutual assistance, democracy, justice and nationalism to achieve total human development.
- 18. “We Help You Invent Your Family’s Future” The Purpose/s for which this FUTURE-NET CREDIT COOPERATIVE was organized; To provide greater benefits to the members such as increasing individual income or enhancing a member’s way of living. To be pioneering business in delivering sustainable financial service for members and society. To engage in accepting deposits and granting of loans for productive and providential use to members.
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- 20. “We Help You Invent Your Family’s Future” MEMBERSHIP >>> P1500 100.00 - FNMAP, INC You will Get: 100.00 - Social Fund •Coop ID 200.00 - Insurance/ID •Certificate of Membership 600.00 - Coop Membership •Insurance certificate of cover 500.00 – Future-Net KIT •Presentation clearbook •Presentation CD •Futurenet T-shirt 1500.00 TOTAL
- 21. “We Help You Invent Your Family’s Future” SHARE CERTIFICATE INSURANCE CERTIFICATE OF COVER REQUIRED SHARE CAPITAL – P5,000.00 Deduction will be made weekly from commission 50.00 INSURANCE COVERAGE 50k Accidental Death, 50K Dismemberment, REQUIRED SAVINGS - Minimum of 5,000.00 5k Medical Reimbursement due to Accident 50.00/Week. Succeeding saving upon completion 5k Burial Benefits due to Accident of 5,000.00 is optional.
- 22. “We Help You Invent Your Family’s Future” FUTURE-NET TERMS : FNDRC - Future-net Direct Referral Commission FNIDRC - Future-net Indirect Referral Commission FNLC - Future-net Loan Commission FNMFRC - Future-Net Mobile Franchise Referral Commission “Money,Opportunity,Business, Income, Livelihood, Entreprenuer”
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- 24. “We Help You Invent Your Family’s Future” In every person that you SPONSOR you REMARKS : If you can sponsor as fast as (5) on your Group..You are Qualified to will get P250 outright. apply for a loan @ Future-Net Coop.
- 25. “We Help You Invent Your Family’s Future” No. of Direct Referrals LOAN 5 DIRECTS = P3,000 Loan Interest is 15 DIRECTS = P10,000 0.5% monthly (Required Share Capital P 500) Loan Payable in 20 DIRECTS = P15,000 6months (Required Share Capital P 2000) 25 DIRECTS = P20,000 (Required Share Capital P 3000)
- 26. “We Help You Invent Your Family’s Future” TABLE OF LOAN AMORTIZATION LOAN Amt. Maturity Net Weekly Daily (6 mos.) Proceeds Amort. Amort. 3,000.00 3,090.00 2,765.00 128.75 18.40 6,000.00 6,180.00 5,630.00 257.50 36.80 9,000.00 9,270.00 8,495.00 386.25 55.20 10,000.00 10,300.00 9,450.00 429.17 61.31 15,000.00 15,450.00 14,225.00 596.88 85.30 20,000.00 20,600.00 19,000.00 858.33 122.62
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- 28. “We Help You Invent Your Family’s Future” Level Value No. of Member Income 1 250 5 1,250 2 100 25 2,500 3 50 125 6,250 4 30 625 18,750 5 20 3,125 62,500 6 10 15,625 156,250 7 10 78,125 781,250 8 10 390,625 3,906,250 9 10 1,953,125 19,531,250 10 10 9,765,625 97,656,250 11 5 14,765,625 73,828,125 12 5 19,765,625 98,828,125 13 5 24,765,625 123,828,125 14 5 29,765,625 148,828,125 15 5 34,765,625 173,828,125
- 29. “We Help You Invent Your Family’s Future” 100% INCENTIVE 20% INCENTIVE 40% INCENTIVE 60% INCENTIVE 80% INCENTIVE LEVEL INCENTIVE POWER OF 5 (Direct & In-Direct) (Direct & In-Direct) (Direct & In-Direct) (Direct & In-Direct) (Direct & In-Direct) 1 2 3 4 1ST 250 5 1,250 250 500 750 1,000 2ND 100 25 2,500 500 1,000 1,500 2,000 3RD 50 125 6,250 1,250 2,500 3,750 5,000 4TH 30 625 18,750 3,750 7,500 11,250 15,000 5TH 20 3,125 62,500 12,500 25,000 37,500 50,000 6TH 10 15,625 156,250 31,250 62,500 93,750 125,000 7TH 10 78,125 781,250 156,250 312,500 468,750 625,000 8TH 10 390,625 3,906,250 781,250 1,562,500 2,343,750 3,125,000 9TH 10 1,953,125 19,531,250 3,906,250 7,812,500 11,718,750 15,625,000 10TH 10 9,765,625 97,656,250 19,531,250 39,062,500 58,593,750 78,125,000 11th 5 14,765,625 73,828,125 14,765,625 29,531,250 44,296,875 59,062,500 12th 5 19,765,625 98,828,125 19,765,625 39,531,250 59,296,875 79,062,500 13th 5 24,765,625 123,828,125 24,765,625 49,531,250 74,296,875 99,062,500 14th 5 29,765,625 148,828,125 29,765,625 59,531,250 89,296,875 119,062,500 15th 5 34,765,625 173,828,125 34,765,625 69,531,250 104,296,875 139,062,500
- 30. THERE’S MORE… 6 months to pay 1 year to pay 1 yr. & 6 mo. to pay 2 yrs. to pay
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- 32. “We Help You Invent Your Family’s Future” Ex.Loan Loan Level No. of Member Loan (3,000/Each) Commission 1 5 0.50% 15,000 75.00 2 25 0.40% 75,000 300.00 3 125 0.20% 375,000 750.00 4 625 0.10% 1,875,000 1875.00 5 3,125 0.05% 9,375,000 4687.50 6 15,625 0.05% 46,875,000 23,437.50 7 78,125 0.05% 234,375,000 117,187.50 8 390,625 0.05% 1,171,875,000 585,937.50 9 1,953,125 0.05% 5,859,375,000 2,929,687.50 10 9,765,625 0.05% 29,296,875,000 14,648,437.50 TOTAL : 18,335,812
- 33. “We Help You Invent Your Family’s Future” MONTHLY INTEREST 0.5% or P5.00 in every P1000 Payable in Six (6) Months INDIRECT REFERRAL COMMISION Cut-off: Monday to Sunday (Cut-off 9pm) Release of Commission is every WEDNESDAY the following week. SCHEDULE OF PAYMENT Share Capital , Loans & Savings – every FRIDAY until 9pm cut off time. *** Release/Renewal of loan will be delayed for 1 month in case of late payment. STRICTLY IMPLEMENTED *** You may pay in advance – Ex : P200.00 will cover your payment for a month *** You can deposit for your Share Capital & Savings simultaneously.
- 34. “We Help You Invent Your Family’s Future” WHERE TO DEPOSIT YOUR WEEKLY PAYMENTS All members must deposit their weekly SHARE CAPITAL, SAVINGS and LOAN payments directly to any Mobile Franchisee or authorized banks of FUTURE-NET CREDIT COOPERATIVE. For bank payments. Make 2 copies of the deposit slip. 1 COPY for filing purposes of the member and bank copy. Report the detail of the deposit at the office thru our TXT MESSAGE FORMAT. INFORMATION NEEDED ARE Purpose of payment /Full Name/Amount/Bank/Branch/Date/Time/Transaction Number TXT FORMAT: Example 1: ( For SHARE CAPITAL PAYMENT ) SHARE CAPITAL/JUAN DELA CRUZ/200/BPI/FAIRVIEW/28DEC12/11:19:04/454CRLP3 Example 2: ( For LOAN PAYMENTS ) LOAN /JUAN DELA CRUZ/500/BPI/FAIRVIEW/28DEC12/11:19:04/454CRLP3 Future-net Cooperative Banks BANK OF THE PHILIPPINE ISLANDS Send to: ACCOUNT NO: 004543-1138-46 SMART: 0947.773.8823 RIZAL COMMERCIAL BANKING CORPORATION (RCBC) GLOBE: 0917.905.83.05 ACCOUNT NAME : FUTURE NET CREDIT COOPERATIVE SUN: 0923.445.67.08 ACCOUNT NO: 1-135-76246-2 Email to: fncc.info@gmail.com UNITED COCONUT PLANTERS BANK (UCPB) ACCOUNT NAME: FUTURE NET CREDIT COOPERATIVE ACCOUNT NO: 201940002527
- 35. “We Help You Invent Your Family’s Future” INVESTMENT: Benefits: PHP100,000 o Mobile Franchise Account o Certificate of Appointment P50 per paid Mem o1M Insurance Coverage AD & D Application o 500,000 for Spouse & Maximum of 2 Children (7-18y/o). o With 10% Unprovoked Murder and assault 5% Encashment o Personal VTPL (Second Layer of car insurance) P200,000.00 0.5% Loan of Tagged o Fire Assistance P 50,000.00 o Brand new computer set Application o 4 in 1 printer o Membership Forms (10 pads) Lock in (by Parameter area/ o 10pc. Provisionary Receipts Municipality) o 7 pcs. Tarpaulin ( BIG ) o 7 pcs. Tarpaulin ( SMALL ) o 2 pcs. Clearbook o 5 Membership Entries
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- 38. “We Help You Invent Your Family’s Future” Unit-C 2nd/F 167 RCB Square, CasaMilan Comml, Commonwealth Ext. North Fairview, Q.C. Phone: 632.409.2660 Fax: 632.990.2535 Smart: 0947.7738823 Globe: 0947.7738823 Sun: 0923.445.6708 futurenet.associate@gmail.com fncc.info@gmail.com Office hours : 10AM – 10PM Cut off time : 9PM Monday - Saturday
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