A cooperative is an autonomous and duly registered association of individuals who voluntarily come together because they share a common bond of interest. They work collectively to meet their common social, economic, and cultural needs and aspirations through equitable contributions to capital, patronage of the cooperative's products and services, and the sharing of risks and benefits in accordance with universally accepted cooperative principles.

The Cooperative Development Authority (CDA) is the government agency mandated under Republic Act No. 9520, or the Philippine Cooperative Code of 2008, to register and regulate cooperatives in the Philippines.

HPP Employees Multipurpose Cooperative or HPPEMC is a cooperative founded by employees from the Information Technology and Business Process Outsourcing (IT/BPO) industry, including Hewlett-Packard, DXC Technology, and other companies. It was officially registered with the Cooperative Development Authority (CDA) on August 27, 2014.

While HPPEMC has traditionally served employees in the IT/BPO sector, it expanded its membership eligibility in 2026 to welcome employees from other industries, making the benefits of cooperative membership accessible to a broader community.

HPPEMC aims to promote thrift and a culture of savings among its members while building a common fund from which loans can be extended to address their financial needs.

While companies may provide financial assistance to employees during emergencies, such support can be difficult to sustain over the long term. HPPEMC provides a more sustainable approach by empowering employees to help themselves through collective savings, mutual support, and access to affordable financial services.

At its core, HPPEMC believes in the principle of people helping themselves through cooperation.

Employees of IT/BPO companies, as well as those from other public and private sector organizations, may apply for HPPEMC membership. Qualified dependents of existing members are also welcome to join.

Becoming an HPPEMC member is easy! Just follow these steps:

1. Complete the online Membership Application Form.
2. Pay the one-time Membership Fee of ₱200.
3. Make your initial Share Capital contribution of at least ₱1,000.
4. Commit to monthly contributions of at least ₱500 for Share Capital Build-Up and ₱200 for Savings Deposit.
5. Attend the Pre-Membership Education Seminar (PMES).

Once you have completed the membership requirements and your application has been approved, you can start enjoying the benefits of being an HPPEMC member!

Yes! Any IT/BPO company, as well as other private and public sector organizations in the Philippines, may become a Member Company of HPPEMC.

Member Companies have the privilege of working with HPPEMC to define and provide specific cooperative benefits tailored to the needs of their employees.

Interested in becoming a Member Company? Email us to learn more about the requirements and how we can work together!

Resigning from your employer does not automatically terminate your HPPEMC membership. You may continue enjoying the benefits of membership even after leaving your company.

However, if you wish to terminate your membership, you must complete and submit the Membership Termination Form, available in the Member's Area of the HPPEMC website.

Please note that any outstanding loans with the Cooperative will become due and demandable.

Once your termination request has been processed and all accountabilities have been cleared:

• Your Share Capital contributions and Savings Deposits will be returned.
• You will be entitled to pro-rated dividends and patronage refunds, which will be released after the close of the current financial reporting year.

Remember: You can leave your employer without leaving the Cooperative. Your membership with HPPEMC can continue!

The primary purpose of a cooperative is to serve its members, rather than maximize profits. Any surplus generated from operations is used to strengthen the Cooperative and, in accordance with applicable laws and regulations, distributed to members through dividends on share capital and patronage refunds.

HPPEMC strives to provide attractive returns on members' investments, which can be competitive with other investment options. However, as with any business or investment, returns are not guaranteed and depend on the Cooperative's financial performance.

With HPPEMC, members don't just invest in a cooperative—they become part of it and share in its success.

Your money can grow in two ways:

• Share Capital: Earns dividends based on the Cooperative's financial performance. The better the Cooperative performs, the greater the potential returns to its members.
• Savings and Time Deposits: Enjoy competitive interest rates on your regular savings and time deposits, including PM2 Savings (Pangarap Mo 'To), which offers an attractive 8% interest per annum to help your money grow faster.

What's more, interest earnings and dividends enjoy tax exemptions under applicable Philippine tax laws.

With HPPEMC, your money doesn't just grow for you—it helps the entire Cooperative grow, too!

HPPEMC offers a variety of loan products designed to meet your different financial needs, each with its own interest rates, terms, and conditions.

Visit our [Loan Products] page to explore the available loans and find the one that best suits your needs.

Both are ways to build your money with HPPEMC, but they serve different purposes:

• Share Capital: Represents your ownership in the Cooperative. It is a required contribution and earns dividends based on the Cooperative's financial performance. Share Capital can generally only be withdrawn upon termination of membership, subject to the Cooperative's policies and applicable requirements.
• Savings Deposit: Represents your personal savings with the Cooperative. It is voluntary, earns interest, and may be withdrawn anytime, subject to applicable withdrawal rules and account conditions.

In simple terms: Share Capital makes you a co-owner of the Cooperative, while Savings Deposit gives you a flexible way to save and earn interest.

Yes! You may change your monthly Capital Build-Up and Savings Deposit contributions anytime by submitting a request through the Member's Area of the HPPEMC website.

Please take note of the minimum monthly contributions:

• Capital Build-Up: ₱500 per month
• Savings Deposit: ₱200 per month

You have the flexibility to adjust your contributions based on your financial needs, as long as the minimum requirements are maintained.

As an HPPEMC member, you enjoy a range of financial and lifestyle benefits, including:

• Access to Affordable Credit – Enjoy convenient loan application processes, competitive interest rates, and flexible repayment terms.
• High Interest Earnings on Savings – Grow your money through savings products that offer competitive interest rates.
• Tax-Exempt Earnings – Enjoy tax-exempt interest earnings and dividends, subject to applicable laws and regulations.
• Damayan Burial Assistance – Receive financial assistance to help ease the burden of burial expenses.
• Affordable St. Peter Life Plans – Access St. Peter Life Plans at more affordable pre-need rates.
• Exclusive Vacation Units – Enjoy affordable stays at HPPEMC vacation units in Tagaytay and Baguio, exclusively for members.
• Affordable HMO Plans – Get access to affordable healthcare coverage for you and your family through 1CoopHealth.

HPPEMC distributes its annual surplus to members through dividends and patronage refunds, following the completion of the required external audit and the approval of the appropriate allocations.

1. Allocation of Net Surplus

After the external audit, the Net Surplus is allocated between the General Reserve Fund and the Surplus Available for Distribution.

The Surplus Available for Distribution is then divided between Dividends and Patronage Refunds. The Board of Directors determines the percentage allocated to each, subject to applicable laws and regulations.

For illustration:

Dividends: 70% of Surplus Available for Distribution

Patronage Refunds: 30% of Surplus Available for Distribution

2. How are Dividends Computed?

Dividends are based on the average Share Capital maintained by each member throughout the year.

1. Compute Total Share Months. Add the member's monthly Share Capital balances from January to December.
2. Compute Average Share Capital. Divide the Total Share Months by 12.
3. Compute Total Average Share Capital. Add the Average Share Capital of all members.
4. Determine the Dividend Rate. Divide the total amount allocated for Dividends by the Total Average Share Capital.
5. Compute Individual Dividend. Multiply the member's Average Share Capital by the Dividend Rate.

3. How are Patronage Refunds Computed?

Patronage Refunds are based on the interest paid by members on their loans during the year.

1. Compute the Patronage Refund Rate. Divide the total amount allocated for Patronage Refunds by the Cooperative's total Interest Income from Loans.
2. Compute Individual Patronage Refund. Multiply the member's total Interest Paid by the Patronage Refund Rate.

In simple terms:

• The more Share Capital you maintain throughout the year, the greater your potential dividend.
• The more loans you avail, the greater your potential patronage refund.

Click here for an illustration of the Dividend and Patronage Refund computation.