THE PTCS
Website - www.ptcs.com.my
ln our Bulletin for the month of
September 2011, we encouraged members to register with the
Co-operative Website so that they can browse through our
current news, event, activities, announcements etc. Upon registration
with the Co-operative
Website, members can access their latest statements of accounts and
apply for
the various types of loans/schemes online.
We also promised that a token gift will be given to the first 200
members who visited our Co-operative website and log in to view their
own statements at least once, not later than 30 September 2011.
As at 30 September 2011, the response was
not encouraging and the Board of Directors decided to extend the
closing date.
The Board requested our Computer Analyst, Mr. Goh Keng Yew to print out
the number of members who had registered with the Co-operative website
as at 31 July 2012 and it was confirmed that the number was 288 members.
The Board at its meeting held on 15.8.2012 decided that instead of a
token gift, an amount of RM20.00 will be given and it will be credited
into the account of those who are entitled. An official letter will be
sent to notify the member accordingly.
MEMBERSHIP
- JOINING AGE EXTENDED TO 47
As our Government had extended the retiring age of employee from 55 to
60, the Board at its meeting held on 27 August 2012 decided to extend
the age of joining our Co-operative f rom 45 to 47 years.
Those who are nearing the age of less than 47 year old (next birthday)
can take this opportunity to submit your membership
application as soon
as possible.
STATEMENT
OF ACCOUNT
The Statement of Account for individual member will be sent half yearly
to members, usually in the month of March / September but not later
than April / October of each year. The Co-operative must be advised if
the statement of account is not received within these period.
It is the duty of the members to examine your own statement of account
on the transactions and balances printed in the statement sent to you.
Should there be any discrepancies, you are required to notify the
Co-operative within 90 days from the date of receipt of the statement
of account, failing which the composite statement of account shall be
conclusive evidence as to the balance shown therein and be binding on
the members and the members are deemed to have waived any rights to
raise objections or pursue remedies against the Co-operative relating
to the account after the stipulated period.
NOMINEE(S) RECORD UPDATE
Due Diligence Examination conducted by the SKM in the year 2009, showed
that they are still a number of members who have yet to appoint their
nominee(s). Under the Co-operative Act and also our By-Law, it is a
mandatory for every member to appoint the nominee to receive whatever
money due to him/her upon their death.
Our records as at September 2011 shows that 270 members have yet to
register their nominee and we have sent out letters to the individual
members. We regret to note that only 71 members responded. This meant
that we still have '199 members who have yet to complete their nominee
form.
We are now conducting the second exercise to remind the remaining 199
members and it is hoped that they can co-operate and assist to complete
and return the nominee form upon receiving itfrom the Co-operative.
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