Duties and Responsibilities of a Member
● Pay the installment of his/her share capital subscription as it falls due and to participate in the capital build-up and savings mobilization activities of the co-op; ●
Participate in the membership education programs;
●
Patronize the cooperative’s businesses and services;
●
Attend general assembly meetings;
● Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of Directors and the general assembly; and ● Promote the purposes and goals of the cooperative, the success of its business, the welfare of its members and the cooperative movement in general. ● A member shall be liable for the debts of the cooperative to the extent of his/her contribution to the share capital of the cooperative.
Termination of Membership may be automatic, voluntary, or involuntary.
Automatic - The death, insanity, permanent incapacity or insolvency as declared by a competent court shall be considered as automatic termination of membership in the cooperative.
Voluntary - A member may for any reason, withdraw his membership from the co-op by giving a 60-day notice to BOD. He/she shall be entitled to a refund of his/her capital contribution and other interests in the co-op.
However, no member shall be allowed to withdraw or terminate his membership during any period while he has pending obligation with the cooperative.
Involuntary - A member may be terminated by a vote of the majority of all members of BOD for any of the following/reasons:
● When a member has not patronized the service(s) of the co-op for an unreasonable period of time as may be fixed by the BOD; ●
When a member has continuously failed to comply with his/her obligations;
â—? and
When a member has acted in violation of the by-laws and the rules of the cooperative;
â—? For any act or omission, injurious or prejudicial to the interest or the welfare of the cooperative.
Dual Membership A prospective cooperative may include in its by-laws a provision not allowing members of existing cooperatives of the same type within the same area of operation to be a member of the proposed cooperative unless they resign from the former.