Services

MEMBERSHIP

Who are qualified to be members?

Membership in the Association is purely voluntary in nature. A member is allowed to withdraw his capital contribution anytime as long as he does not fall below the set minimum deposit requirement. All Active and Retired Employees of Coca-Cola Beverage Group at its Head Office and Provincial Plants, and BESALA employees are qualified to be member of BESALA.

Requirements

1. Accomplished BESALA Membership Application Form

2. Accomplished Capital Contribution Declaration Form

3. Accomplished Check Off Authority – Deposit Account

4. 2 x 2 Picture

5. Photocopy of Company ID (Back to Back)

6. Photocopy of Government issued ID (Back to Back) with 3 specimen signature

7. Latest Employee Credit Profile (ECP)

8. Certificate of Employment (COE)

9. Photocopy of ATM payroll card (Back to Back)

Important Reminders

• Applications with incomplete requirements will not be processed.

• Requirements for re-admission/re-activation are the same with new membership application

• Additional documents may be required to support the Membership Application/Update Form.

DEPOSITS

Capital Contribution Account

Minimum Required Balance: P2,100.00

Maximum Monthly Deposit: P1,000.00

(Note: Deposits in excess ofP1,000.00 will automatically be credited to Savings Deposit Account)

Maximum Capital Contribution Balance: P 500,000.00

(Capital Contribution will earn Dividend every year according to the approved rate set by the Board)

Note: All members are required to declare their individual capital contribution limit by filling out the Capital Contribution Declaration Form

Savings Deposit Account

All Capital Contribution Deposits in excess of the maximum limit shall automatically be deposited to this account.

No Minimum or Maximum limit

Earns interest at a rate set by the board

Interest is computed based on average daily balance and posted every end of the month.

Withdrawal of Deposit

All withdrawals must be supported by Withdrawal Slip

Note: All withdrawals made by authorized representatives must be supported with Valid IDs of the member and the authorized representatives. Authorization portion in the withdrawal slip must be signed by the member and his Authorized Representative.

LOANS

Salary Loan

This type of loan is in nature of a consumer loan and can be availed of by members for purposes of financing personal and household needs such as purchase of appliances and other minor purchases, payment of tuition fees, credit cards and other short term liabilities.

Emergency Loan

This type of loan can be availed of by members for purposes of funding immediate expenses related to death of a family member, hospitalization not covered by health benefits, calamity or fortuitous events, and other circumstances beyond the control of a member.

Medium Term Loan

This type of loan provides qualified members higher loanable amounts and longer payment terms subject to BSP Single Borrowers Limit. Regular Employees of Coca-Cola Beverage Group with at least five (5) years of service are qualified to avail of this type of loan.

Requirements (Salary, Emergency, Medium Term Loan)

• Duly accomplished Loan Application Form

• Duly accomplished Promissory note

• Duly accomplished Check-off Authority

• Authority to Deduct signed by co-makers

• 2 latest pay slips for semi-monthly payroll employees and 1 latest pay slip for monthly payroll employees

• Latest Employees Credit Profile

• Photocopy of Company ID (borrower and co-makers)

• Photocopy of one (1) Government issued ID (with signature) Back-to-Back

with three (3) specimen signatures and contact number (borrower and co-makers)

Back to Back Loan

This type of loan is also called Capital Loan as this loan attaches the Capital Contribution and Savings Deposits, if any, of the members as lien to secure the amount of loan. The loanable amount therefore, shall be based on the amount of the Capital Contribution and Savings Deposit of the member. Terms of payment and interest rate applied shall be the same as that of the Salary Loan. The member may opt to automatically offset his/her capital/savings account as payment of the monthly amortization payment or / he/she may leave postdated checks (PDC’s) corresponding to the monthly amortization payment.

Requirements (Back to Back Loan)

• Duly accomplished Loan Application Form

• Duly accomplished Promissory Note

• Signed Deed of Assignment (available at BESALA office upon availment)

• Post Dated Checks corresponding to the monthly amortization schedule.

SERVICES WE OFFER

Capital Contribution Account

Savings Deposit Account

Withdrawal of Deposit

Salary Loan

Emergency Loan

Medium Term Loan

Back to Back Loan

MEMBERSHIP

DEPOSITS

LOANS