NICO Membership Guidelines
Member in Good Standing (MIGS)
Maintain a minimum score of 75 points to qualify as a Member in Good Standing.
15 PTS
A. Share Capital
- Capital Build-Up of at least ₱1,500/year after completing ₱4,000 share capital >(10 pts)
- Share Capital of ₱30,000 and above (5 pts)
25 PTS
B. Patronage
- Loan Products (15 pts)
- CAC Products, Selling of Copra & Palay, Buying of Rice at APTS and Allied Services (10 pts)
30 PTS
C. Delinquency
- 0 to 30 days delinquency (30 pts)
- 31 days onwards delinquency (0 pts)
5 PTS
D. Kaagapay
Enrolled in the Kaagapay Program and regularly paying the required annual contribution.
15 PTS
E. Savings
- Regular Savings maintained at ₱1,500 minimum balance (5 pts)
- Special Savings / Time Deposits (10 pts)
10 PTS
F. Attendance
- Annual General Assembly Meeting (5 pts)
- Pahayag sa Barangay / Ownership Meeting (5 pts)
Total Possible Score
100 Points
Passing Rate