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Common Wealth
Credit Cooperative
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Services

Savings Program

CWCC’s savings program aims to encourage members to save periodically and realize higher interest earnings than regular bank products. Its current offering is probably highest in the industry and additional savings interest is usually distributed at year end.

Savings Deposit Interest Rate per annum
On Average Daily Balance (ADB) 6.00%

ADB computed monthly; interest credited monthly. Maintaining balance must be no less than outstanding loans or P3,000 whichever is higher.

Periodic deposit of at least P100 per month, deducted every payroll, either weekly (P25) or semi-monthly (P50).

Savings Program Savings Program

Provident Loan Program

Provident Loan Program Provident Loan Program

The provident loan program serves to bridge the income gaps that individual members may face, by offering them various loan products at competitive rates vis-à-vis informal lenders and conventional financial institutions.

Credit / Loan Rates Term Rate per month Service Fee
Multi-purpose Loan Maximum of 12 months 1.50% 1%
Special Loan Maximum of 2 months 0% 1%
Educational Loan Maximum of 12 months 1.25% 1%
Special Purpose Loans Maximum of 3 years 2.0% to 2.5% 1%

Consumer Loan Program

Consumer Loan Program aims to provide timely, accessible and affordable basic household food and non-food needs for the members and their families.

Consumer Loan Program Consumer Loan Program