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MONTHLY BULLETIN - June 2010 - For Members Only

200 New Members Target

The membership of our Co-operative has been on the decline for the past few years. Froom 2005 to 2009, a period of 5 years, a total of 596 members had left for various reasons as against 256 new members who joined the Co-operative.

In the span of 5 years, we have lost 340 members. This worrying trend, if left unchecked, will affect the quality of the Death Benefit Scheme.

Currently, there are 17,000 teachers in the State of Penang. The number of teachers who have joined the various teachers' co-operatives is estimated to be 7,000. Therefore, there are still 10,000 teachers who have yet to join any co-operatives.

Your Co-operative is now embarking on an aggressive membership campaign. It has adopted the year 2010 as the year of membership campaign and it has set a target of recruiting 200 new members. In an effort to achieve the target, a sum of RM20,000.00 has been allocated as cash rewards to members as well as cash incentives to new members.

This membership drive isopen from now until 30 September 2010 or when the target of 200 new members has been achieved, whichever is earlier.

During the campaign period, a member who recruits a new member will receive a RM50.00 cash reward. Therefore, if you recruit 20 new members, you will recieve RM1,000.00. We call upon all members to play their part in helping to recruit new members in their schools and at the same time avail yourselves of the the cash rewards.

Similarly, an eligible new member who signs up during this campaign period, will receive a cash incentive of RM50.00 apart from the exemption of RM50.00 entrance free.

The introducer or recruiter mush sign as proposer in the application form and a newly signed up member must retain his or her membership with the co-operative for a minimum period of one year.

The reward and incentive will be paid upon the first deduction received after the approval of the application

For further inquiry, please contact the office or Telephone Nos. 2610 129 or 2610 222

For Seberang Perai members who need any assistance, please contact the Secretary Mr Teh Kim Lye at 016 201 8208