• LEMCO

    Giving Value Like No Other

  • LEMCO

    Overcoming The Crisis Together

  • LEMCO

    Giving Value Like No Other

  • Balik Skwela 2022

    LEMCO joins with POO Elementary School

  • Balik Skwela 2022

    LEMCO joins with POO Elementary School

  • Balik Skwela 2022

    LEMCO joins with POO Elementary School

  • Operation Tuli 2022

  • Operation Tuli 2022

  • Operation Tuli 2022

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Constantly re-inventing ourselves to provide
exceptional products and services to our members.

Loan Products

Loans such as Providential, Petty Cash, Appliance, Special, Educational, PO, Hospitalization, Medicine

Other Services

Memorial Plan, Memorial Park, Fly Now Pay Later, Hotel Accommodation

Special Programs

Mortuary Assistance, LEMCOCARE, Education Scholarship, Livelihood Training

LOAN PRODUCTS

PROVIDENTIAL LOAN

Regular type of loan, refers to financial assistance extended to members to meet their personal or household needs

Payable Maximum of 3 years
1% per Month Interest
3% Service Fee
3% Commitment Fee

PETTY CASH LOAN

Small type of loan to assist members on their immediate need for cash at a short notice.

1% per Month Interest with 2% Service Fee
Php10,000.00-payable in 12 Months
Php8,000.00-payable in 12 Months
Php5,000-payable in 10 Months

APPLIANCE LOAN

Financial service granted to members for the purpose of acquiring home appliance and furniture

1% per Month Interest with 3% Service Fee
Payable maximum of 1 year
1 Co-maker for amount of Php 10,001.00 up to Php 20,000.00
2 Co-maker for amount of Php 20,001.00 up to Php 99,999.00

SPECIAL LOAN

Financial service granted to members for special occasions

1% per Month Interest
Php 4,000.00
Payable in 10 Months

Seasonal Type of Loan for Lenten Season, School Closing, School Opening, All Souls/Saints Day and Christmas Day

EDUCATIONAL LOAN

Financial service granted to members for educational assistance of their dependents

0.8% per Month Interest with no Service Fee
Based on capacity to pay, check must pay to school
Primary – Payable in 10 Months
Secondary –  Payable in 10 Months
Tertiary – Payable in 5 Months

PURCHASE ORDER (PO) CARD

Financial assistance on extending goods to LEMCO members from accredited department stores

No Interest Payable in 2 Months
Maximum of Php 5,000.00 purchase

PO CARDS – Gaisano Mactan & Metro Gaisano for Php 13.00 per card
GIFT CERTIFICATES – Metro Gaisano & SM for Php 25.00 per card

HOSPITALIZATION LOAN

Financial service granted to members for hospital assistance of their dependents

0.8% per Month Interest with no Service Fee
Based on capacity to pay
Check must pay to Hospital
Payable in 12 Months

MEDICINE LOAN

Financial service granted to members for purchase of medicine

0.8% per Month Interest with no Service Fee
Base on capacity to pay
Maximum of Php 3,000.00
Payable in 5 Months

Purchase only at Rose Pharmacy, Radaza Branch Lapu-Lapu City

OTHER LOANS

Miscellaneous Loan and Material Loan
Based on Capacity to Pay,
Maximum of 10 Months to Pay

DEPOSIT PRODUCTS

FIXED DEPOSIT

Capital Build-Up treated as an asset of member.
Dividend share is based on Annual Income of the coop.
Minimum paid-up capital is Php 20,000.00.
Maximum paid-up capital is up to Php 150,000.00.
Php 200.00 minimum monthly contribution.

TIME DEPOSIT

The funds is these accounts must be held for a fixed term and include the understanding that the depositor can make a withdrawal only by giving notice.
4% Interest Rate per Year.
3 Months Roll Over, Minimum of Php 5,000.00 deposit.

SAVINGS DEPOSIT

A safe way to save money from unexpected expenses, as you can always add money to the deposit and it can be easily withdrawn.
2% Interes Rate per Year.
Php 200.00 maintaining balance.

KIDDIE SAVINGS

It’s the best way to teach your child how to save Children ages 0-17 years old can open a passbook account for as low as Php 200.00
Start earning interest up to 2% per Year.
With Php 1,000.00 maintaining balance.

About the COOP

Vision and Mission

VISION

The cooperative of choice committed to provide superior products and services passionately owning what is best for our members.

MISSION

Constantly re-inventing ourselves to provide exceptional products and services to our members.

History

The cooperative was organized in 1996 with original members who were employees of LEAR Company.

Growth Trends

 

Get in touch

Please let us know about your inquiries.

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