News and Advisory

PRODUCT ADVISORY

04/27/2021

NEWBIE LOAN

• Higher Loan proceeds!.

• 2% Service Fee, Loan term 24 Months.

Newbie Loan aims to provide immediate financial relief to New Members with higher proceeds and lesser requirements. Available starting May 1, 2021.

For other details and requirements on how to qualify and avail this loan

Please e-mail: customercare@pecci.com.ph

PRODUCT ADVISORY

04/27/2021

ENHANCED COVID LOAN

• Maximum gross loanable amount of PhP 75,000

• 2% Service Fee

• Existing COVID Loan and % of deferments will be deducted, If there's any.

For member and his/her immediate family (1st degree only) who tested COVID positive, member may opt not to deduct his/her existing COVID Loan.

For other details and requirements on how to qualify and avail this loan,

Please e-mail: customercare@pecci.com.ph

PECCI ADVISORY

03/24/2021

This is to announce the appointment of Ms. Ma. Luisa Oblan, Accounting Team Head, as the Officer-in-Charge of Operations effective March 17, 2021 up to June 16, 2021 due to the resignation of Mr. Jeremias L. Tance as General Manager.

Ms. Oblan will be performing the functions of General Manager in addition to her regular duties and responsibilities.

Thank you.

SERGIO P. NAVARRA

Chairperson, Board of Directors

ADVISORY

03/12/2021

The PECCI office will be temporarily closed for two weeks starting March 12 to March 26, 2021 to allow sanitation and disinfection procedures on the premises.

PECCI will continue to serve you via online transactions.

Email us at customercare@pecci.com.ph or call us at the numbers given above.

...

You may contact any of our friendly PECCI Staff

PECCI Marketing

ZARA, JOCELYN T. "Celine"

0919-0788961

Customer Care

ENRIQUEZ, CARMELITA B. "Mae"
carmelita.enriquez@pecci.com.ph
0908-8149012

( A - CRISTOBAL )
AGAO, JOSEFINA B. "JB"
josefina.agao@pecci.com.ph
0908-8149013

( CRIZALDO - JOVE )
SUDLA, EDITHA M. "Edith"
editha.sudla@pecci.com.ph
0908-8149016

( JOVELLANO - PERSIA )
LAZARO, MERCEDITA C. "Mercie"
mercedita.lazaro@pecci.com.ph
0908-8149015

( PERTUBAL - Z)
CARAGAY, JUSTIN LOUISE M. "Justin"
justin.caragay@pecci.com.ph
0908-8149014

Please continue to follow the minimum health standards agains COVID-19.

Stay safe everyone.

#PECCICares

TO: ALL PECCI MEMBERS

03/11/2021

NOTICE OF CANCELLATION OF THE 2021 PECCI REGULAR REPRESENTATIVE ASSEMBLY

Dear Fellow Cooperators,

Notice is hereby given that the 2021 REGULAR REPRESENTATIVE ASSEMBLY of PLDT EMPLOYEES CREDIT COOPERATIVE (PECCI) is cancelled. The Board of Directors, took into consideration CDA MC 2021-3 “Regulatory Relief in the Conduct of General Assembly Meeting for the Calendar Year 2021 due to the Covid-19 Pandemic.

The Board of Directors has decided not to proceed with the said meeting due to the pandemic situation, IATF regulations on health comorbidities, LGU Ordinances on health protocols, DOH advisories, and most importantly, for the protection of the right to health of every people as provided for in the 1987 Constitution.

...

The pandemic has indeed brought a unique and challenging year for all of us. In spite of the many good reasons to proceed with the meeting, we still decided not to pursue because you and your loved ones’ health which is our utmost consideration.

Thank you.

Sincerely,,

SERGIO P. NAVARRA

PECCI Chairperson

HOW TO COMPUTE FOR YOUR DIVIDENDS?

02/26/2021

STEP 1: ALLOCATING THE NET SURPLUS INTO STATUTORY FUNDS (25%) AND DIVIDENDS (75%)

The 2020 Net Surplus of PECCI amounted to P1,708,116. Using the mandated allocation, P427,029 or 25% of the Net Surplus will be set aside and used for the EdCom, SCD and GAD activities of PECCI. The remaining amount of P1,281,087 or 75% will be distributed to all eligible members as dividends.

STEP 2: ALLOCATING THE DIVIDENDS INTO INTEREST ON SHARE CAPITAL (70%) AND PATRONAGE REFUND (30%)

From Step 1, we have computed that the amoujnt available for dividends is P1,281,087. Using the allocation approved during a Representative Assembly, P896,761 or 70% will be distributed as Interest on Share Capital to all members-of-record as of December 31,2020. The remaining amount of P384,326 or 30% will be distributed as Patronage Refund to all members who has paid interest on their loans, in part or in full, during the fiscal year 2020.

...

STEP 3: COMPUTING FOR YOUR INTEREST ON SHARE CAPITAL

The formula in computing the Interest on share capital is "Your average monthly share capital" divided by "Average monthly share capital of all PECCI members" and multiplied by P896,761 (from Step 2).

Average monthly share capital of all members- this is equal to P2,092,426,482.97

Example, if your average monthly share capital is P63,975:

( P63,975 ÷ P2,092,426,482.97 ) x P896,751 = P27.42 is your interest on share capital

STEP 4: COMPUTING FOR YOUR PATRONAGE REFUND

The formula in computing the Patronage Refund is "Your total interest payment for 2020" divided by "Total interest income earned by PECCI for the year 2020" and multiplied by P384,326 (from Step 2).

Your total interest payment for 2020- this information is not readily available from the website, please get in touch with PECCI to get this amount.

Total interest income earned by PECCI for the year 2020- this is equal to P205,945,898.47

Example, if your total interest payment for 2020 is P11,158.20:

( P11,158.20 ÷ P205,945,898.47 ) x P384,326 = P20.82 is your patronage refund

PECCI ADVISORY:

02/24/2021

Magandang araw mga ka-PECCI,

Ang inyong pamunuan ay nakatanggap at kasalukuyang nakakatanggap ng maraming katanungan tungkol sa maliit na dibidendong naipamahagi natin, bunga ng kinita ng ating kooperatiba noong taong 2020.

Hindi man namin masasagot isa-isa ang inyong mga katanungan, minarapat naming maglabas ng advisory na ito para sagutin ang karaniwang mga tanong na aming natatanggap:

Bakit maliit ang dibidendo ngayong taon kumpara sa mga nakaraan?

Ang dibidendo ay nanggagaling sa kinita (revenue) ng ating kooperatiba, pagkatapos bawasin ang mga gastusin (expenses) at mandatong pondo (statutory funds). Kung malaki ang ating kinita, malaki din sana ang ating dibidendo. Maliit lamang ang kinita natin nuong 2020, kumpara sa mga nakalipas na taon, kaya maliit din ang ating dibidendo.

Bakit maliit ang kinita natin nuong 2020?

Ang kita ng koop ay nanggagaling sa mga binabayad ng mga miyembro sa kanilang mga utang. Nuong 2020, ipinagbawal ang gobyerno ng maningil ng mga pautang sa loob ng lima-at-kalahating buwan (Bayanihan Acts I & II). Dahil dito, ang ating koop ay hindi nakasingil ng mga pautang nito sa halos kalahating taon.

Hindi naman buong taon bawal manigil. Bakit hindi kayo naningil nung pwede na?

Tama po yan. Isang option po yan. Kaya lang po, minabuti ng inyong pamunuan na i-extend na lamang ang term ng mga pautang, kaysa sa maningil ng nagkapatong-patong na amortisasyon, para hindi na makadagdag ang Pecci sa mga ibang gastusin ng mga miyembro. Ang hindi nasingil ng PECCI ay nakatulong sa mga miyembro para sa pagbayad ng kanilang mga naipong bayarin sa iba tulad ng kuryente, tubig, internet, housing loans at mga utang sa iba pang mga kooperatiba.

Bukod sa hindi nakasingil sa pautang, anu ano pa ang mga bagay naka-apekto sa maliit na dibidendo?

Bukod sa bumabang koleksyon, kumonti ang mga nangutang sa ating koop. Dahil tuloy-tuloy ang sweldo ng mga payroll members natin (walang deductions) at sarado ang mga eskwelahan, restoran, pasyalan at iba pang karaniwang pinag-ga-gastusan, lumiit ang pangangailangan ng miyembro natin ng dagdag na pera.

Ang alam ko, milyun-milyon ang pera ng Pecci, bakit maliit ang dibidendo?

Totoo po, meron po tayong sapat na pera, para sa ating operasyon. Subalit hindi po ito pwede ipamahagi bilang dibidendo. Ang dibidendo ay base lamang sa halaga ng kinita ng isang kooperatiba sa taong iyon.

Maliit pala ang kinita, bakit tuloy pa rin ang paggastos sa mga seminars?

Ang mga seminars po na sinasagawa ng ating Education and Training at ng Gender and Development Committees ay mandato po ng CDA, at hindi pwedeng hindi gawin. Mawawala po ang ating "tax-exempt" status kung hindi po natin isakakatuparan ang mga alintuntuning ito ng CDA. Ang mga gastusin po mga gawaing ito ay kinukuha sa Statutory Funds at hindi nakaka-epekto sa ating dibidendo.

Ano po ang ginawa ninyo para makaiwas sa epekto ng pandemic ang ating koop?

Ang iyong pamunuan ay nagsagawa ng mga hakbangin para maski papaano ay gumaan ang epekto ng pandemic na ito sa ating operasyon.

Ilan dito ay ang mga sumusunod:

• Contact-less application para sa mga nangangailangang mangutang.

• Online payment ng mga pautang para sa convenience at safety ng mga miyembro.

• Cash rebates (balik bayad) para sa mga nagkusang nagbayad ng kanilang mga utang duon sa panahon na pinagbabawal ito.

• Paglabas ng COVID assistance loans at zero-interest COVID loans.

• Pag-extend ng loan terms sa mga hindi nakabayad para hindi na makabigat ang Pecci sa inyong mga gastusin sa mga panahong ito.

• Pagbawas ng mga honoraria at meeting allowances ng mga Officers, mula Board of Directors, Executive Officers at mga Committees.

• Pagbawas ng interest sa savings deposit ng mga miyembro na hindi nangungutang sa ating koop.

Ilan lamang ito sa mga hakbangin na ipinatupad ng inyong pamunuan para makaiwas sa matinding epekto ng pandemic na nararanasan natin ngayon.

Totoo po ba na nalulugi na ang ating koop?

Hindi po yan totoo. Matatag po ang ating koop. Kaya lang po maliit ang kinita natin nuong 2020 ay dahil halos kalahating taon tayo hindi nakasingil ng pautang. Hindi po tayo nag-iisa. Karamihan ng kumpanya sa buong mundo ay nakaranas ng pagbaba ng kita dahil sa pandemic. Hindi naman po nawala ang kitang ito. Lahat po ng hindi kinita nuong panahon na bawal mangingil ay mababayaran din at papasok sa kaban ng Pecci pag nag-mature po ang mga ito.

Kailan po ipapamahagi ang Audited Financial Statements at Annual Report?

Kasalukuyan pong tinatapos ang mga ito at aming ipapamahagi sa lalong madaling panahon. Habang wala pa, nasa ibaba ang summary ng ating kinita ang pinagkagastusan nuong 2020 at 2019:

...

May nagsabi po na ang mga Officers ay hindi dapat tumanggap ng anu mang allowances kapag hindi kumita o maliit ang kita ng kooperatiba na pinamumunuan nito. Tama po ba ito?

Tama po yan. Sa katunayan, mula nuong January 1 ay wala na pong natatanggap na allowances ang inyong pamumuan at kung meron man, ito ay ibinalik na o kasalukulang binabalik na sa kaban ng Pecci. Ngunit katulad din ng ibang mga kooperatiba, tayo po ay sumulat sa CDA upang tanungin kung ang probisyon na ito ay dapat ipatupad gayung ang pagbaba ng kinita ng mga koop na ito ay hindi naman kontrolado o kagagawan ng mga namumuno dito. Wala pa pong sagot ang CDA dito ngunit nais naming ipaalam sa inyo, mahal naming mga miyembro, na ang inyong pamunuan ay handang maglingkod sa ating kooperatiba maski walang honoraria o ano pa mang allowances. Kami po ay nandito para pangasiwaan ng mahusay ang ating koop alinsunod sa nakatakdan at sinumpaan naming mga tungkulin.

Ano po ba ang dapat gawin ng mga miyembro para makatulong sa pag-unlad ng ating koop?

Ang mga miyembro ay may tatlong pangunahing obligasyon sa ating koop.

• Tuloy-tuloy na pag-contribute sa kapital

• Makilahok sa mga programa ukot sa pag-iimpok

• Tangkilikin ang mga serbisyo at produktong mga pautang

Hindi po tumitigil ang inyong pamunuan sa pagpo-promote ng mga adhikaing ito at malaki po ang maitutulong ng mga miyembro kung ang mga ito ay inyong susuportahan. Kung gusto po nating lalo pang umunlad ang ating mahal na Pecci, lahat po tayo ay dapat tumangkilik sa mga pautang at serbisyo nito. Nakakalungkot pong isipin, na karamihan ng mga tanong na aming natatanggap sa maliit na dibidendo natin ngayon ay nagmumula pa sa ating mga miyembro na hindi nangungutang. Magsama-sama po tayo sa pagsuporta sa ating koop para tuloy-tuloy ang ating pag-unlad.

Ilan lamang po ito sa mga katanungan na aming natatanggap. Kung meron po kayong iba pang katanungan, huwag po kayong mag-atubili na kami ay tawagan, i-email o i-text.

Pinagsasalamatan namin kayong lahat, lalong lalo na sa ating mga miyembro na patuloy na tumatangkilik at sumusuporta sa mga programa at adhikain ng kasalukuyang pamunuan. Kayo po ang nagpapapatatag sa mahal nating Pecci, kayo po ang aming inspirasyon sa pang-araw araw na paglilingkod, kayo po ang dahilan kaya kami naririto.

Mabuhay po ang PECCI, mabuhay tayong lahat!

PECCI MANAGEMENT

PECCI ADVISORY:

02/22/2021

In a meeting held on February 20, 2021, the PECCI Board of Directors passed a resolution approving the release of Dividends (Interest on Share Capital & Patronage Refund) for the year ended 2020.

The pertinent details of the board resolution are as follows: ...

• Release date: February 23, 2021

• Factor rate of interest on share capital: 0.04%

• Factor rate of patronage refund: 0.19%

• Record Date: All members as of December 31, 2020

• Deductions: NO deductions except for deferments of dormant accounts

As mentioned in our previous announcements, PECCI’s revenue was adversely affected by the global pandemic, particularly Bayanihan Acts I & II as mandated by the government, which restricted the collection of our loan receivables for five-and-a-half months (11 payroll periods).

While this year's dividends are not that much, we would like to thank all of you for your continuing support, especially on the initiatives implemented by management, to mitigate the effects of the Government restrictions.

Looking ahead, let's welcome 2021 with vigor and positivity. Let us pray and hope for everyone's health, safety and prosperity, as we embark on another challenging year.

Thank you.

ADVANCE LOAN FOR LONGEVITY BONUS

02/13/2021

• This loan will only be open 3months before the Longevity pay out.

• Gross loan amount will be maximum of 80% of Longevity Bonus net of tax at 32%.

• 2% Service Fee

Within three (3) days after bonus release date; if unpaid after due date, loan will converted into Regular Loan, to be amortized over 12months.

Payment Method:

Over the counter at PECCI Office, bank deposit or online transfer

Email us: customercare@pecci.com.ph

Greetings of peace to all.

02/10/2021

As of today, the auditing of the financial statements of PECCI by our external auditor, Isla Lipana is still going.

The CPBOD pandemic has caused a lot of uncertainties in business in various ways. PECCI, for instance, in compliance to the Bayanihan Act did not collect receivables from the members for five and a half months (11 paydays).

To soften the impact of the Government restrictions, and to further be of help to our members, PECCI came up with serveral initiatives including the lanching of new products like the SELA and COVID assistance loans; implementation of contact-less online loan application process; cash refund on ...
advance payments and restructuring of savings deposit interest rates. These initiatives proved worthwhile and if not for your continued support and the surge in collection in December 2020, we would have ended the year at a loss.

Thus, we cannot expect that our 2020 dividends will be anywhere near the dividends of the previous years. Please do not expect substantial dividents for 2020.

We will keep you posted on the release dates of the dividends.

Let us continue to support and patronize PECCI. Your BOD is working diligently, focusing on strategies on building better relationship with the members by improving service delivery and, revitalize revenue generation with new products and services relevant to the times.

PECCI Cares!

PECCI Management

PRODUCT ADVISORY

02/05/2021

BONUS ADVANCE SICK LEAVE PREMIUM

• Available from February 1 to 28,2021

• Gross loanable account will be equal to 50% of the member's sick leave premium pay

• 2% Service Fee

Within three (3) days after bonus release date; if unpaid after due date, loan will converted into Regular Loan, to be amortized over 12months.

Payment Method:

Over the counter at PECCI Office, bank deposit or online transfer

Email us: customercare@pecci.com.ph

PRODUCT ADVISORY

01/29/2021

BONUS ADVANCE LOAN FOR MIDYEAR

• Start of Application - February 01, 2021

• Bonus Period - Mid-Year Bonus

• Loan Interest Rate - ZERO PERCENT (0%)

Within three (3) days after bonus release date; if unpaid after due date, loan will converted into Regular Loan, to be amortized over 12months.

Payment Method:

Over the counter at PECCI Office, bank deposit or online transfer

Email us: customercare@pecci.com.ph