RECEMPCO

RECEMPCO Declares 4% Mid-year Members' Welfare Benefit (Dividend) In its Joint Board and Officers' meeting held last June 28, 2016 , the RECEMPCO board of directors decided to grant a 4% return on the members' average share capital for the period covering January to June 2016. The mid-year windfall will be charged to the coop's budget for members' welfare. Translated to a layperson's simple computation, a member who has a 10K average share capital for the six-month period will receive 400ps dividend; 100k will have 4K dividend. The earning is tax free, and much higher than what banks give which is less than 1% per annum, subject to tax. The dividend will be directly deposited to the savings deposits of members and the latter will have the option to withdraw the amount or let it stay either as a share capital or savings deposit. The coop, however, is encouraging the members not to withdraw the entire amount so that their investment will grow. After all, the primary purpose of RECEMPCO is to help build the financial independence and stability of the member-owners of the cooperative. SO, FOR THE STILL UNDECIDED NON-MEMBERS, WHY PLACE YOUR MONEY IN YOUR WALLETS OR IN BANKS WHEN YOU CAN HELP YOURSELVES AND YOUR FELLOW COMELEC EMPLOYEES BY JOINING RECEMPCO? JOIN NA!! NOW NA!! Please feel free to contact me or our staff Ethel and Shane (09173307268) for info.

Front page of RECEMPCO's souvenir program during its 1st AGA. RECEMPCO reached its million mark in assets barely 4 months from its inception.

With Chairman Sixto S. Brillantes, Jr.