News and Advisory

Interest Rates on Savings Deposit - New Matrix

08/30/2021

Attention: ALL PECCI MEMBERS

Please be informed that the Matrix of Interest Rates on Savings Deposit has been recalibrated. With this new matrix, savings deposits of patronizing members will have higher interest rates as compared to non-patronizing members as shown on the table below.

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Please take note of the addition of Category D, for members with savings more than Five Million Pesos (P5,000,000.00)

This new MATRIX supercedes all previous matrices on Savings Deposits and will take effect on September 1, 2021.

Your Board of Directors recognizes that patronizing members must earn more.

Thank you for your patronage.

PECCI MANAGEMENT

BACK TO SCHOOL LOANS

08/17/2021

Educational Loan

For members needing cash for educational needs purpose of their dependents!

SELA - Gadget Loan

Need a new Desktop, Laptop or any device for your children's educational use? Special Educational Loan Assistance is here for you!

Special Assistance Loan

Do you have unpaid tuition fees and would like to enroll your dependents? We'll directly send your loan proceeds to pay for their tuition!

PRODUCT ADVISORY

08/03/2021

EXTENDED! Until December 31, 2021!

CASH AGAD LOAN

• No Requirements for shortlisted members

• No Co-Makers and Payslip Required

• No Service Fee

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Open to all active members with no deferments or outstanding loan balances, presently employed with PLDT Inc., it's subsidiaries and affiliates, andnon-payroll members.

PANDEMIC RECOVERY LOAN

• Gross Amount: PhP 100,000

• Service Fee: 2%

• Applicable Interest Rate: 9% per annum (diminishing)

Aims to aid PECCI Members as they recover from the economic impact of the pandemic, PRL is OPEN to ALL members EXCEPT those without collection for the past 6 months.

ANNOUNCEMENT

07/16/2021

ALL PECCI MEMBERS

The Board of Directors is pleased to announce the appointment of new members of the ELECTION COMMITTEE of PLDT Employees Credit Cooperative (PECCI) effective July 1, 2021.

During the last 35th Special Board Meeting 2021-06 (07), the Board of Directors confirmed the appointment of the three (3) members of the Election Committee as replacements to former Election Committee members as follows:

1. Mr. Jayber L. Ilar

2. Mr. Rhonnel G. Santiago

3. Mr. Randy C. Cajoles

Prior to their appointment, the Board of Directors discussed, among others the vacancies at Election Committee brought about by the separation of the three (3) elected Election Committee Members due to Manpower Reduction Program (MRP) and voluntary resignation namely:

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1. Bienvenido Gatchalian - separated last December 31, 2020, due to MRP

2. Rodelio C. Cadorniga - voluntary resignation effective June 8, 2021

3. Clyde F. Magno - voluntary resignation effective June 28, 2021:

In accordance with PECCI By-Laws, Art. IV Sec.8 on "Vacancy in the Board, Audit and Election Committee” states that:

“When a vacancy in the Board, Audit and Election Committee occurs due to causes other than expiration of term, the same shall be filled from among the candidates who garnered the next highest number of votes in the immediate past Representative Assembly Election, provided that he is a member of good standing at the time of his assumption., However, if nobody qualifies, the Board of Directors is empowered to select from among the members of good standing to serve the unexpired term. (Amended on May 14, 2021)

By virtue of succession, the Board of Directors selected and approved the appointment of Mr. Jaber L. Ilar as member of Election Committee for garnering the next highest number of votes in the immediate past Representative Assembly Election and for being a member of good standing at the time of his assumption to serve the unexpired term of Mr. Bienvenido Gatchalian.

The Board of Directors is empowered to select from among the members of good standing if nobody else qualifies in the succession ruling as defined in the PECCI-By-laws. Subsequently, The Board have chosen unanimously Mr. Rhonnel G. Santiago and Mr. Randy C. Cajoles as replacements of Mr. Rodelio C. Cadorniga and Ms. Clyde F. Magno who voluntarily resigned.

We enjoin everyone to extend their full support to the new members of the Election Committee. Let not a few divides us but with the majority, believe that we can come back strong. It is in unity that we achieve our goals together for the benefits of our members!

Mabuhay ang PECCI!

PECCI MANAGEMENT

2nd Quarter Financial Performance 2021

07/15/2021

GETTING BACK ON TRACK

Matapos ang unang kalahating taon, tayo ay nakapag-generate ng P77 milyon na Undivided Net Surplus. Ito ay mas mataas ng P82 milyon kung ikukumpara sa naging performance natin nuong 2020. Kung inyong matatandaan, nuong 2020 ay ipinagbawal ng gobyerno ang paniningil ng mga utang, bungsod ng umiiral na COVID-19 pandemic at government lockdowns.

Ngayong 2021, bagamat meron pa ding pandemic, ay unti-unti na tayong nakakabawi kumpara sa performance natin nuong 2020.

REVENUE (KITA)

Ang “Interest from loans" ay ang pangunahing pinanggagalingan ng ating kinikita. Ito ay ang mga interes na ating nakokolekta, mula sa mga inutang ng ating mga miyembro.

Sa mga tumatangkilik ng ating mga pautang, saludo kami sa inyo, at sana'y patuloy ninyong suportahan ang ating mga programa at adhikain. Duon naman sa mga miyembro na hindi nangungutang, patuloy namin kayong hinihikayat na mag-participate sa ating mga loan offers para kayo ay makatulong sa ating pag-unlad.

Minimal pa lamang ang ating kinikita sa ating Multi-Purpose activities. Nakakalungkot na 7% lamang o 870 out of 12,424 members, ang nag-register sa Aling Peccing project. Kailangan natin ang suporta ng bawat isa para sa ika- uunlad ng ating Kooperatiba.

Mayroon tayong hinahandang mga revenue-generation projects to supplement Aling Peccing. We are counting on your support and participation on this up- coming projects.

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EXPENSES (GASTOS)

Ang "Financing cost" ay ang pinakamalaking gastos ng ating kooperatiba. Ito ay ang interes na binabayad ng PECCI sa ating mga miyembro na may deposito o savings account. For this period, P78 milyon ang natanggap ng ating mga miyembro bilang kita ng kanilang mga savings. 41% ang kabawasan nito mula sa total na kinita natin na P188 milyon.

Ang "Personnel cost" ay ang mga sweldo at iba pang benefits ng ating mga empleyado. Ang "Officers' meetings and allowances" ay ang natatanggap ng mga Officers as allowances sa mga meetings nito at sa iba pang activities. Ang kabawasan ng mga gastusing ito, mula sa kita o revenue, ay 11% (Personnel cost) and 2% (Officers' meetings and allowances).

LOAN RELEASES, COLLECTION & NON-PATRONIZING MEMBERS

Ang "Loan releases" and "Collection" ay unti-unti nang nakaka-recover kung ikukumpara sa results nuong 2020. Bagamat tayo ay nananatili under a pandemic situation, pinagsisikapan nating habulin ang 2019 performance. Ito ay magagawa natin sa patuloy ng inyong suporta sa mga programa at adhikain ng ating kooperatiba.

Ang non-patronizing members o mga miyembro na hindi nangungutang ay bumaba lamang ng 3% for the past 3 years. As previously mentioned, kailangan natin ng suporta ng lahat ng mga miyembro sa pagpapatuloy ng paglago ng ating kooperatiba.

We Want To Hear From You!

06/11/2021

This brief survey aims to gather relevant information from PECCI members that will be useful for future projects and product offers.

First 100 bonafide PECCI members (50 payroll, 50 non-payroll members) to complete the survey will receive PhP 300 Cash reward from PECCI!

PECCI ADVISORY

06/05/2021

Mga Ka-PECCI!

Learn our rights and obligations as members of our cooperative by watching this special feature from the Treasurer's Corner.

#PECCICares

(Click image to watch the video)

PECCI ADVISORY

06/03/2021

UNEARNED INCOME

Mahal naming mga Miyembro,

Ang talastas na ito ay magtutuwid sa maling paniniwala, mga haka-haka at bulong-bulungan na may itinatago o nawawalang kita ang PECCI dahil sa “unearned income” account.

Ang mga sumusunod ay ang tamang pagpapaliwanag at pag-unawa tungkol sa unearned income account.

Ano ang unearned income?

Ang “unearned income” ay isang account kung saan naire-record ang mga inaasahang kita na hindi nakokolekta. Halimbawa, sa payroll period na May 15, meron kang dapat bayarang interes sa utang mo na P5,000. Kung P3,500 lang ang nakolekta sa’yo, yung unpaid portion na P1,500 ay irerecord sa account bilang “unearned income”. Kung sa susunod na payroll period na May 31 ay nakapagbayad ka sa interes mo ng P6,500 (P5,000 para sa May 31 at P1,500 para sa May 15), mabubura na sa unearned income yung P1,500 na nai-record doon nung last period.

Bakit nagkakaroon ng unearned income sa PECCI?

Normal lamang sa isang negosyo ng pautangan ang may “unearned income” account. Walang pautangan ang may consistent na 100% collection rate. Katulad din ng ibang nangungutang, may mga miyembro ng PECCI na dumadating din sa mga pagkakataon na kulang ang kanilang pambayad. Dahil dito, nagre-record tayo sa “unearned income” every payroll period: padagdag sa mga hindi nakokolekta, at pabawas naman sa mga nakokolekta.

Bukod sa hindi sapat na collection, ano ang maaring maging dahilan ng pagtaas o pagbaba ng unearned income balance?

Wala ng ibang dahilan ang pagtaas o pagbaba ng “unearned income” account, kungdi lamang sa hindi sapat na koleksyon mula sa mga miyembro. Ang “unearned income” account at ang buong accounting practices ng PECCI ay dumadaan sa mahigpit na audit ng PWC PricewaterhouseCoopers, na isa sa pinakamalalaki at iginagalang na auditing firm sa auditing industry sa Pilipinas.

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Bakit malaki ang itinaas ng unearned income nuong 2020 kumpara sa 2019?

Tumaas ang balance ng “unearned income” noong 2020 sa dahilan na halos kalahating taong hindi nakakolekta ang PECCI ng mga pautang/interes (Bayanihan Acts I and II). Katulad ng nabanggit sa itaas, yung mga inaasahang kita na hindi nakolekta ay ire-record sa “unearned income” account. Kung hindi naka-kolekta ang PECCI ng halos kalahating taon, normal lamang na tumaas ang “unearned income” account noong 2020.

Kung may iba pa kayong katanungan ay mangyari lamang na makipag-ugnayan sa inyong pamunuan upang malaman ninyo ang katotohanan at tamang kasagutan.

Maraming salamat at nawa'y patuloy ninyong tangkilikin at suportahan ang ating mahal na kooperatibang PECCI.

PECCI Management

PRODUCT ADVISORY

05/28/2021

PANDEMIC RECOVERY LOAN

• Gross Amount: PhP 100,000.

• 2% Service Fee.

• Applicable Interest Rate: 9% per annum (diminishing).

• Open to ALL members EXCEPT those without loan collection for the past 6 months.

Available from June 1, 2021 to August 31, 2021.

PRL aims to aid PECCI members as they recover from the economic impact of the corona virus pandemic.

To avail of this special loan, email us customercare@pecci.com.ph

1st Quarter Financial Performance 2021

05/21/2021

During the last Special Board Meeting held last May 17, 2021, the Board of Directors has announced a vacancy for Mediation and Conciliation Committee.

Anyone who is interested to serve and be part of Mediation and Conciliation Committee is required to submit his/her Individual letter of Intent (LOI) until May 23, 2021 via email addressed to:

GETTING BACK ON TRACK

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We ended the 1st quarter of 2021 with a very encouraging 84% increase in Undivided Net Surplus, compared to the same period last year. Likewise, Administration and Financing Costs are under control with decreases of 38% and 5%, respectively. In terms of Revenue, the 7% increase is a welcome improvement compared to the COVID-hit performance last year.

While these results are quite promising, we still need to exert more effort to get our figures back to normal levels. Compared to the pre-COVID numbers (1Q 2019), our loan availment is still down by 19% (P86M) and collection is also down by 17% (P12M).

As we continue to operate under the shadow of the pandemic, we encourage you, our dear members, to continue patronizing our loan products and services. Our recovery starts with each one of use and together, we can overcome whatever challenges that will come our way.

Announcement: Vacancy for Mediation and Conciliation Committee

05/18/2021

During the last Special Board Meeting held last May 17, 2021, the Board of Directors has announced a vacancy for Mediation and Conciliation Committee.

Anyone who is interested to serve and be part of Mediation and Conciliation Committee is required to submit his/her Individual letter of Intent (LOI) until May 23, 2021 via email addressed to:

board.directors@pecci.com.ph

secretary@pecci.com.ph

cj.hernandez@pecci.com.ph

maristella.fajarda@pecci.com.ph

Thank you.

Board Secretary

Interest Rates on Savings Deposit - New Matrix

08/30/2021

Attention: ALL PECCI MEMBERS

BACK TO SCHOOL LOANS

08/17/2021

Educational Loan

SELA - Gadget Loan

Special Assistance Loan

PRODUCT ADVISORY

08/03/2021

EXTENDED! Until December 31, 2021!

CASH AGAD LOAN

PANDEMIC RECOVERY LOAN

ANNOUNCEMENT

07/16/2021

ALL PECCI MEMBERS

2nd Quarter Financial Performance 2021

07/15/2021

We Want To Hear From You!

06/11/2021

PECCI ADVISORY

06/05/2021

PECCI ADVISORY

06/03/2021

UNEARNED INCOME

PRODUCT ADVISORY

05/28/2021

PANDEMIC RECOVERY LOAN

1st Quarter Financial Performance 2021

05/21/2021

Announcement: Vacancy for Mediation and Conciliation Committee

05/18/2021

Attention : Annual Report 2020

05/16/2021