Vice President Manuel “Noli” De Castro has announced that the Home Development Mutual Fund (HDMF) is set to issue transaction card to all active members purposely to issue them their permanent Pag-IBIG Fund Member Identification (MID) number.

"The Pag-IBIG MID number written on the card shall be used in all dealings with the Fund," said De Castro, the concurrent chairman of the state-administered Fund’s Board of Trustees.

According to De Castro, the Pag-IBIG transaction card will only bear the Pag-IBIG MID number but will not serve as a valid identification number. However, when dealing with the Fund, the HDMF transaction card will serve as the member's primary ID.

He said every Pag-IBIG member will be issued only one Pag-IBIG MID number regardless of the number of his employers. The first issuance will prevail in case a member has been issued multiple Pag-IBIG MID numbers or transaction cards.

As soon as the employer submits to the Fund the completed Members Record Updating Template (MRUT), a member shall be issued his/her Pag-IBIG MID number.

All self-paying members of the Pag-IBIG Fund will also be issued transaction card as well as overseas Filipino workers under the Pag-IBIG Overseas Program.

De Castro said the transaction card can be of use when conducting the following transactions: Verification of membership contribution payments; updating of member's records; on-line filing of short-term loan applications; on-line filing of provident benefit claims, which will still be subject to the approval of the branch office concerned; and verification of housing loan amortization payments.