SANDIGAN NG OFW MULTI-PURPOSE CO OPERATIVE (SOMPC)
1] What is Sandigan ng OFW Multi-Purpose Cooperative? 

It is a multi-purpose cooperative whose primary objective is to engage in businesses that will serve the needs primarily of its members  and their families. Originally registered with CDA on December 12, 2007, with registration H-624-6357. Under the revised new CDA R.A. 9520 with Registration No. 9520-16015092.

2] What is the Vision of Sandigan?

Working Together as ONE OFW Family with ONE OFW Business 

3] What is the Mission of Sandigan?

Continuous Knowledge Sharing and Team Building in service to ONE OFW Family 

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4] What are its Primary Goals/Objectives? 

A) Utilize the Information Technology (IT) with borderless Socio Economic Partnership 

1) Actively participate the government and other organizations local and International to promote cooperatives as practical 

   means towards sustainable socio-economic development under a truly trust and democratic society; 
2) Online Transactions - open and timeless Communications; 
3) Archive and retrieval of Sandigan data thru cyber space storage 

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B) Invest, Own, and Manage Businesses Controlled by the OFW Members 

1) Develop a dynamic savings mobilization and capital build-up to sustain cooperative development activities and long-term 

    investments ensuring optimum economic benefits to the members and their families and the public; 
2) Establish local producers with a sustainable & competitive marketing 
3) Create local and international business outlets of coop products 

C) Provide technical support to the next OFW Members generations 

1) Continuous Trainings - IT, Ethics, Technical, Business & Coop Seminars 
2) Develop solid succession of the Sandigan Co-operative Management 
3) Create Sandigan Foundation and support the Sandigan adapted Community 

5] What are its secondary objectives? 

a. To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a

    practical means towards sustainable socio-economic development under a truly just and democratic society; 
b. To develop the knowledge of the members on the principles and practices of cooperatives to enable them to actively and

    competently participate in managing the affairs of the Cooperative; 
c. To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activities and long -term

    investments, thereby ensuring optimum economic bene fits to the members, their families and the general public; 
d. To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the

    interests of the members; and 
e. To adopt such other plans as may help foster the welfare of the members, their families and the community. 

6] What type of membership does Sandigan have?

Regular membership. 

7] What are the qualifications for membership? 

The regular membership of this Cooperative is open to any natural person, Filipino citizen, of legal age, with capacity to contract, and has the following qualifications: 

a) Completed the prescribed pre-membership orientation on cooperatives and Sandigan ng OFW Multi-Purpose Cooperative; 
b) Undertake to uphold the By-laws, policies, guidelines, rules and regulations promulgated by the Board of Directors and the

    general assembly; and 
c) Current or former overseas Filipino worker (OFW); or PART II SANDIGAN NG OFW MULTI-PURPOSE COOPERATIVE (SOMPC) 
d) Spouse's), children, parents, or siblings of a current OFW member 

8] What is the procedure in applying for membership?

The applicant for membership shall file a duly accomplished form with the Board of Directors who shall accept or deny it within thirty (30) days from the date of filing. No application for membership shall be given due course if not accompanied with a membership fee of One Thousand Pesos (P1,000) which shall be refunded to the applicant in case of rejection. 

1) Attend the PMES or fully understand the PMOC 
2) Fill the Application Form 
3) Email the Form to SandiganDirectors@yahoogroup.com 
4) BOD will approved the membership, Non-approval will be returned in 1 month and any paid amount paid will be reimbursed. 
5) Pay cash to Treasurer or online to Sandigan Account, contact the Treasure, request for the Payment OR# 

9] What is the minimum share capital subscription? 

An applicant for regular membership shall subscribe at least four (04) Common shares and pay the value of at least one (01) shares upon approval of his membership. 
No member shall own or hold more than twenty percent (10%) of the total subscribed share capital of the Cooperative., summary: 

1) Min Subscribe Shares = 4 Shares (1 Share = 1,000 Php) 
2) Payment upon membership = 1 share (min. share equal to 25% of Subs. Shares) 
3) Balance unpaid subscribe shares payable in 01 Year 
4) Maximum Subscribe Shares = 10% of the Total Subs Shares Capital of Sandigan Example (Members shares subscription): Min. Shares Subs (01) + Membership Fee = 1,500 Php  Full Shares Subs (04) + Membership Fee = 4,500 Ph 

10] What is the minimum payment required once the application for membership is approved?

Equivalent of 25% of subscribed share at Php1, 000.00 per share plus the membership application fee of Php500.00 

11] What are the duties and responsibilities of members? 

a) Pay the instalment of his share capital subscription as it falls due and to participate in the capital build-up and savings mobilization activities of the Cooperative 
b) Patronize the Cooperative’s businesses and services; 
c) Participate in the membership education programs; 
d) Attend and participate in the deliberation of all matters taken during general assembly meetings;

e) Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of Directors and the general assembly; and 

f) Promote the goals and objectives of the Cooperative, the success of its business, the welfare of its members and the cooperative movement in general. 

12] Who are entitled to vote? 

Any regular member who meets the following conditions is a member entitled to one vote: 

a) Paid the membership fee and the value of at least twenty five (25) % of member’s subscribed shares; 
b) Not delinquent in the payment of his share capital subscriptions and other accounts or obligations; 
c) Not violated any provision of this By-laws; the terms and conditions of the subscription agreement; and the decisions, guidelines, rules and regulations promulgated by the Board of Directors and the general assembly; 
d) Completed pre-membership orientation on cooperatives and SOMPC prescribed by the Board of Directors. 

13] What are the rights of a regular member entitled to vote? 

a) Participate and vote on all matters deliberated upon during general assembly meetings; 
b) Seek any elective or appointive position, subject to the provisions of this By-laws and the Cooperative Code of the Philippines; 
c) Avail himself of the services of the Cooperative, subject to certain conditions as may be prescribed by the Board of Directors; 
d) Inspect and examine the books of accounts, the minutes books, the share register, and other records of the Cooperative during office hours; and 
e) Such other rights and privileges as may be provided by the General Assembly. 

14] What is the liability of members?

A member shall be liable for the debts of the Cooperative only to the extent of his subscribed share capital 

15] How is membership be terminated? 

Termination of membership may be automatic, voluntary or involuntary. 
Automatic termination of membership results from death, insanity, permanent incapacity or judicial declaration by a competent court of the insolvency of a member. 
Voluntary termination results from a withdrawal of a member’s membership from the cooperative by giving a 60-day notice to the Board of Directors. 
However, no member shall be allowed to withdraw or terminate within one year of his membership and when he/she has any pending obligation with the Cooperative. 

Involuntary termination results from a vote of the majority of all the members of the Board of Directors for any of the following causes:

 a) When the member has not patronized the services/ businesses of the Cooperative for more than one year; 
b) When the member has continuously failed to comply with his obligations; 
c) When the member has violated any provision of this By laws and the rules promulgated by the Cooperative; and 
d) For any act or omission injurious or prejudicial to the interest or the welfare of the Cooperative.

16] How does a terminated member refund his/her share capital contribution? 

A member whose membership is terminated shall be entitled to a refund of his share capital contribution and all other interests minus any pending obligation with the Cooperative, subject to the availability of cash and commitment of funds or cash flow towards previously approved projects of investments by the Cooperative. 

In case of automatic termination, such share capital contribution and all other interests in the Cooperative shall be refunded to the beneficiaries listed on the membership application form approved by the members of the Board of Directors. 

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However, such refund shall not be made if upon payment the value of the assets of the Cooperative would be less than the aggregate amount of its debts and liabilities exclusive of his share capital contribution. 

In which case, the terminated member shall continue to be entitled to the interest of his share capital contributions, patronage refund and the use of the services of the Cooperative until such time that all his interests in the Cooperative shall have been fully paid.

 
Upon the acceptance of his withdrawal or approval of his termination, however, he loses his right to attend, participate and vote in any meeting of the Board of Directors or the general assembly.