Frequently Asked Questions

You may apply again after 1 year of your first coop account termination. Registration is still the same with additional requirement of letter of intent address to our Board of Directors.

NOTE: This is subject for approval.

First, update your share capital and outstanding loan balance. Thereafter, the CAEMC personnel will assist you in filling the loan application. The application should be submitted to the cooperative with the complete required documents. Processing of loan application shall be 3 to 7 working days upon receiving of the application.

NOTE: Incomplete requirements will not be processed.

The co-maker shall guarantee the payment of the loans and he shall be jointly, severally and solidarity liable with the principal borrower. He/She himself must be in good credit standing and his income must be equal or greater than the principal borrower. A coop member can act as co-maker for four (4) times only.

You can only apply to renew or restructure your loan if it has been active for at least six months.

You can withdraw your capital contribution by terminating your membership from the coop if you don’t have outstanding balance and accountability as a co-maker.

In case you have an outstanding loan, the balance is due and demandable. Failure to settle said obligations, the CAEMC will be forced to co-makers deduction or undertake legal action.

Yes, you can invest by placing your money to paid up share: time deposit, savings deposit or young saver's deposit.

• Fill out membership form
• 2x2 colored ID Picture
• Photocopy of your company ID (front and back)
• Photocopy of your any 2 valid government ID (front and back)
• Copy of your Certificate of Regularization
• 200php membership fee.

Your investment is secure because it is allocated to loans that are repaid through automatic salary deductions, ensuring consistent and reliable repayments directly from borrowers’ incomes.

📱 How to Set Up the Caemc Mobile App?

To get started with Caemc, follow these steps:

1. Download the app from the App Store or Google Play.
2. Open the app and tap “Create Account.”
3. Enter your details, including:

• Full Name
• Email Address
• Code@Caemc2025! (activation code)
• #!@%#$^&#&^@%^&#(!@*&(*ñ

4. Tap Verify and wait for the SMS#confirmation.

<u>Setup takes approximately 2 minutes.</u>

💡 Tip: If you don’t receive the SMS, check your network connection or try resending the code.

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Where does it come from? Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

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It increases every month through salary deduction but you can also deposit over-the-counter at CAEMC. You may also increase your share capital contribution by signing an authorization for payroll deduction.

When you become a member of the cooperative, you also take part in building its capital. This means you’re helping fund the coop’s business activities. By signing the authorization for automatic deduction in your membership application form, you agree to regularly contribute to this capital. You can choose to have a minimum amount of Php250 deducted from your salary, or you can opt for a higher amount if you prefer.

A member who defaults in his monthly amortization shall be penalized by a surcharge of 2% per month of the amount due until his arrears have been paid.