DUTIES AND RESPONSIBILITIES

DUTIES, RESPONSIBILITIES AND OBLIGATIONS OF A
REGULAR MEMBER



A regular TELESCOOP member shall have the following duties, responsibilities and obligations:

1. Patronize regularly the TELESCOOP products and services

2. Pay his obligations and participate in the TELESCOOP capital build-up and savings mobilization

3. Attend and participate in the deliberation during Representative Assembly meetings as a

    Representative or Proponent of resolutions or amendments.

4. Participate in membership education programs

5. Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of

    Directors and Representative Assembly.

6. Promote the goals and objectives of TELESCOOP, the success of its business, the welfare of

    its members and the cooperative movement in general.



RIGHTS OF A REGULAR MEMBER



A regular “member in good standing” shall have the following rights:

1. Participate and vote during Representative Assembly meetings as a Representative

2. Seek any elective or appointive position subject to limitations imposed by the

    TELESCOOP By-Laws or RA 9520.

3. Avail himself of the products and services of TELESCOOP.

4. Receive interest on his savings deposits and patronage refund commensurate with

    his patronage or availment of loans

5. Inspect and examine the TELESCOOP books of accounts, minutes books, share

    capital register and other records during office hours.

6. Exercise such other rights and privileges as may be provided by the

    Representative Assembly.



WHO IS A "MEMBER IN GOOD STANDING"?



A regular “member in good standing” is one who:

1. Has paid the membership fee of ₱ 100.00 and the value of at least ten(10)

    common shares or ₱ 100.00

2. Is not delinquent in the payment of his share capital subscriptions,

    obligations and other accounts payable to TELESCOOP.

3. Has not violated any provision of the TELESCOOP By-Laws, the terms

    and conditions of the subscription agreement and the decisions, guidelines,

    rules and regulations promulgated by the Board of Directors and the Representative Assembly

4. Is not a former or incumbent Officer of an entity engaged in a

    business similar to the business of TELESCOOP