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Frequently Asked Questions (FAQs)

  1. Who can become a LANDBANKOOP member?

All regular employees of LANDBANK and its subsidiaries, and alumni or retirees of the Bank.

  1. What are the requirements for membership?

Duly filled-out application form and payment of initial paid-up share capital and one-time membership fee.

  1. How much is the required initial paid-up share capital and membership fee?

Five thousand pesos (PhP5,000.00) and one thousand pesos (PhP1,000.00), respectively.

  1. How much is minimum paid-up share capital and period of payment?

Fifty thousand pesos (PhP50,000.00) payable in three (3) years.

  1. How much is the maximum paid-up share capital?

One million pesos (PhP1,000,000.00).

  1. Can I terminate my membership? What are the requirements?

Yes, anytime. Membership withdrawal form and submission of any issued share certificate/s.

  1. Can I withdraw my paid-up share capital upon membership termination?

Yes. All your capital inclusive of the interest earned.

  1. What are the benefits of being a LANDBANKOOP member?

Can avail all the products and services. There are two ways of earning: 1) interest on capital; and 2) patronage refund.

  1. What are the products and services that LANDBANKOOP can offer?

Credit. Deposits (time and savings). Consumer store. Ancillary services (life and non-life insurance and HMO).

  1. What makes LANDBANKOOP different from other financial institution?

People helping people to improve lives.

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