HELVETIA FONHELVETIA COLLEGE EMPLOYEES FUND

FUND OF EMPLOYEES AND TEACHERS OF THE HELVETIA SCHOOL ASSOCIATION - FONHELVETIA

Mission

To strengthen the bonds of solidarity and fellowship among its associates by offering services that contribute to improve the quality of life and social economic welfare of the associates and their families, through savings and credit lines and mutual aid and common integration, maintaining its management based on ethical and moral values and principles.

Vision

To be recognized as the first alternative to the immediate needs of our associates, improving their quality of life and encouraging savings as a source of credit for social welfare.

Objectives

Its main social objective is to promote fellowship, savings, as well as to provide credit and social services.

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You must be an employee or pensioner of the Helvetia School Association and you must pass the 2 month probationary period.

A membership form is available at the transportation office.

Your contribution is a minimum of 3% of your basic salary and a maximum of 10%.

CREDIT MODALITIES

CONSUMER
Within this modality FONHELVETIA will lend the following lines of credit.

a) ORDINARY LOAN: It shall be of free investment for all the associates, it is clarified that the associates with a definite term contract shall abide by the provisions of article 5 of these regulations.

  • Seniority in the fund: 2 months
  • Amount: 2 times the amount saved
  • Payment term: maximum 3 years (36 months)
  • Interest: 1% per month approved on April 25, 2011.

b) EXTRAORDINARY LOAN: It shall be of free investment for all the associates, it is clarified that the associates with a definite term contract shall abide by the provisions of article 5 of these regulations.

  • Length of service in the Fund: 2 months
  • Amount: from 2.1 to 3 times the amount saved
  • Payment term: maximum 3 years (36 months)
  • Interest: 1.3% per month approved on April 25, 2011.

c) TRANSITORY OR PRESTAY: It is of free destination.

  • Seniority in the fund: 2 months
  • Amount: From $50,000 to $200,000
  • Payment period: From 1 month to a maximum of 3 months, in case of non-cancellation it will be deducted from payroll.
  • Interest: 1.1% per month.

d) IMMEDIATE LOAN:

  • Seniority in the fund: 3 months
  • Amount: Whatever the member has in savings
  • Payment period: Up to 8 months, in case of non-cancellation it will be deducted from payroll.
  • Interest: 1% per month