WHAT IS A COOPERATIVE?
It is a duly-registered association of persons who voluntarily bond together to achieve a common social end. Together they make equitable contributions to the capital needs of their organization and accept a fair share of the risks and benefits of their undertaking
WHY SHOULD I BE A MEMBER OF THE AMPC?
Ateneo will be your home for the next couple of years. You will come to the AMPC Caf at least once a day. This is where you will take your meals, buy your refreshments, and even toiletries and over-the-counter medicine.. Every time you make a purchase, an official receipt is given to you. When you put these receipts together, they could add up to a tidy sum. These receipts will be collected by AMPC in January every year. A patronage refund will be given to you three months after.
Our refund rate for 2007 was 13%. Thus, If a member’s receipts reached P3,000, his patronage refund was P390.DO I HAVE TO PAY A MEMBERSHIP FEE?
Yes, our membership fee is P100.
IS THAT ALL I NEED TO PAY?
No. As a member of the coop, you will have to participate in the cooperative effort to build up the capital funds of the AMPC. Therefore we will expect you to contribute money until it reaches P5,000 minimum. This money does not go down the drain, however. You may request the AMPC to give it back to you when you resign from the Ateneo. Simply write a formal request letter and bring it to the AMPC Office for processing.
A passbook will be given to you so you can keep tab of your capital shares.
Every year, the AMPC gives dividends to its members based on the individual’s total shares. This year, 8% cash dividends were distributed.
WHAT ARE THE OTHER THINGS I COULD DO TO ACCUMULATE MORE RECEIPTS?
The AMPC kitchen can prepare party food. If you are celebrating a special event at home, you may order food-to-go. If you want to treat your co-workers, we have a wide assortment of party food for you to chose from!
CAN I INCLUDE PURCHASES FROM THE SUBCONS WITH MY RECEIPTS?
No, your subcon purchases are not subject to patronage refund.
WHAT ABOUT E-LOADING?
They are also not subject to patronage refund.