coop identity, values, principles, governance and best practices
DESCRIPTION
TRANSCRIPT
A Lecture – Presentation for the 4th PamBuhay Parents Council Congress November 2, 2013
DMMMSU, Agoo, La Union
Cooperative Identity, Values, Principles, Governance and Best Practices and Gentle
Balanced Leadership
By: Josefina B. Bitonio
Supervising CDS
Cooperative Identity
Groups of individual around the world
and throughout time have worked together
in the pursuit of human goals. Example of
cooperation, collective action can be
traced back to our prehistoric
predecessors who recognized the
advantages of hunting, gathering, and
living in groups rather than on their own.
The earliest cooperative associations
were created in Europe and North America
during the 17th and 18th centuries. The
pioneers of the Rochdale society in the
19th century England are celebrated for
launching the modern cooperative
movement.
The historical development of
cooperative businesses can not be
disconnected from the social and
economic forces that shaped them.
Cooperatives, then and now were created
in times and places of economic stress
and pressing social problems.
Due to their democratic
organization and their economic
orientation ‐ cooperatives contribute
significantly to social integration, job
creation and the reduction of
poverty. Cooperatives are thus
stabilizing regional economic cycles
and can generate regional
employment. The United Nations
general assembly declared 2012 as
the international year of
cooperatives and thus
acknowledges their worldwide
impact on economic and social
development.
ART. 3. General Concepts
A cooperative is an autonomous and duly
registered association of persons, with a
common bond of interest, who have voluntarily
joined together to achieve their social,
economic, and cultural needs and aspirations by
making equitable contributions to the capital
required, patronizing their products and services
and accepting a fair share of the risks and
benefits of the undertaking in accordance with
universally accepted cooperative principles.
Types of Cooperatives
ART. 23. Type and Categories of Cooperatives. (1)
Types of Cooperatives. Cooperatives may fall under
any of the following types:
(a) Credit Cooperative is one that promotes and
undertakes savings and lending services among its
members. It generates a common pool of funds in
order to provide financial assistance to its members
for productive and provident purposes; “
(b) Consumers Cooperative is one of the primary
purpose of which is to procure and distribute
commodities to members and non-members;
(c) Producers Cooperative is one that undertakes
joint production whether agricultural or industrial. It
is formed and operated by its members to
undertake the production and processing of raw
materials or goods produced by its members into
finished or processed products for sale by the
cooperative to its members and non-members. Any
end product or its derivative arising from the raw
materials produced by its members, sold in the
name and for the account of the cooperative, shall
be deemed a product of the cooperative and its
members;
(d) Marketing Cooperative is one which
engages in the supply of production inputs
to members and markets their products;
(e) Service Cooperative is one which
engages in medical and dental care,
hospitalization, transportation, insurance,
housing, labor, electric light and power,
communication, professional and other
services;
(f) Multipurpose Cooperative is one which combines two (2) or more of the business activities of these different types of cooperatives;
(g) Advocacy Cooperative is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented projects, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries; (h) Agrarian Reform Cooperative is one organized by marginal farmers majority of which are agrarian reform beneficiaries for the purpose of developing an appropriate system of land tenure, land development, land consolidation or land management in areas covered by agrarian reform;
(h) Agrarian Reform Cooperative is one
organized by marginal farmers majority of which
are agrarian reform beneficiaries for the purpose
of developing an appropriate system of land
tenure, land development, land consolidation or
land management in areas covered by agrarian reform;
i) Cooperative Bank is one organized for the
primary purpose of providing a wide range of
financial services to cooperatives and their
members;
(j) Dairy Cooperative is one whose members are
engaged in the production of fresh milk which may be
processed and/or marketed as dairy products; (k)
Education Cooperative is one organized for the
primary purpose of owning and operating licensed
educational institutions notwithstanding the provisions
of Republic Act No. 9155, otherwise known as the
Governance of Basic Education Act of 2001;
(k) Education Cooperative is one organized for the
primary purpose of owning and operating licensed
educational institutions notwithstanding the provisions
of Republic Act No. 9155, otherwise known as the
Governance of Basic Education Act of 2001;
(l) Electric Cooperative is one organized for the
primary purposed of undertaking power
generations, utilizing renewable energy sources,
including hybrid systems, acquisition and
operation of sub transmission or distribution to
its household members;
(m) Financial Service Cooperative is one
organized for the primary purpose of engaging in
savings and credit services and other financial
services;
(n) Fishermen Cooperative is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products;
(o) Health Services Cooperative is one organized for the primary purpose of providing medical, dental and other health services;
(p) Housing Cooperative is one organized to assist or provide access to housing for the benefit of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members;
(q) Insurance Cooperative is one engaged in the
business of insuring life and poverty of cooperatives
and their members;
(r) Transport Cooperative is one which includes land
and sea transportation, limited to small vessels, as
defined or classified under the Philippine maritime
laws, organized under the provisions of this Code;
(s) Water Service Cooperative is one organized to
own, operate and manage waters systems for the
provision and distribution of potable water for its
members and their households;
(t) Workers Cooperative is one organized
by workers, including the self-employed,
who are at same time the members and
owners of the enterprise. Its principal
purpose is to provide employment and
business opportunities to its members and
manage it in accordance with cooperative
principles; and
(u) Other types of cooperative as may be
determined by the Authority.
Additional types originating from service coop
1. Service coops organized among professionals to practice particular profession
2. Labor Service and workers cooperative
3. Health Service Cooperatives
4. Small scale mining cooperative
RIS Database as of Dec 31, 2012
Source: www.cda.gov.ph
Cooperative Monitoring Per Province AS OF DECEMBER 31, 2012
Type PANG LU IS IN TOTAL Dissolv
ed Total Operating
Cooperative
ARC 13 2 17 9 41 0 41 CB 0 1 1 1 3 0 3 Consumer 74 16 5 14 109 6 103 Credit 53 29 39 34 155 6 149 Federation 4 2 2 3 11 1 10 Marketing 21 2 5 1 29 0 29 Multi-Purpose 479 141 135 184 939 64 875 Producer 9 4 2 5 20 1 19 Service 6 2 1 4 13 1 12 Transport 1 3 0 0 4 0 4 Union 1 1 1 1 4 0 4 Workers 1 0 0 1 2 0 2 Health 0 0 2 0 2 0 2 Dairy 0 0 0 1 1 0 1 Electric 2 0 0 0 2 0 2 Housing 0 1 0 0 1 0 1 TOTAL 664 204 210 258 1336 79 1257
Source: 2012 Annual Report of CDA-DEO
-
20,000,000,000.00
40,000,000,000.00
60,000,000,000.00
80,000,000,000.00
100,000,000,000.00
120,000,000,000.00
140,000,000,000.00
160,000,000,000.00
180,000,000,000.00
Micro Cooperatives
Small Cooperatives
Medium Cooperatives
Large Cooperatives
9,302,418,915.43
25,429,265,943.07
60,402,652,513.67
168,287,009,928.19
Total Assets Based on CAPR Database As of December 31, 2013
Source: www.cda.gov.ph
COOPERATIVE NAME PAID-UP CAPITAL
1 Calasiao Plant & Related Companies Employees' Credit Cooperative 215,775,802.05
2 Tubao Credit Cooperative 210,891,651.66
3 Sta. Cruz Savings and Development Cooperative 111,765,990.64
4 Lingayen Catholic Credit Cooperative 110,140,612.13
5 Government of Laoag Employees Development Coooperative 75,280,000.00
6 Pangasinan State University Multi Purpose Cooperative 40,805,480.00
7 Fatima (Vigan) Multi Purpose Cooperative 37,250,361.00
8 Saint Augustine Multi Purpose Cooperative
31,689,105.24
9 Nueva Segovia Consortium of Cooperatives 27,712,589.14
10 Sacred Heart Savings Cooperative 27,649,436.87
11 Metro Vigan Cooperative Hospital 27,066,700.00
12 Ilocos Norte PNP, Ladies and Civilian Employees Multi Purpose Cooperative 24,501,938.00
13 Saint Louis Development Cooperative 22,039,100.00
14 San Joaquin Multi Purpose Cooperative 20,859,162.00
15 Multi Purpose Cooperative of State Auditors (MULTI COSA) 18,878,300.00
16 Suyo Multi Purpose Cooperative 18,717,009.05
17 Movers Multi Purpose Cooperative 16,349,900.00
18 Sto. Domingo Development Cooperative 15,787,902.93
19 Teachers Association of Pangasinan (TAP) Multi Purpose Cooperative 15,524,481.83
20 Pozorrubio Market Vendors Credit Cooperative
13,501,869.05
TOP 25 COOPERATIVES BY PAID-UP CAPITAL
As of December 31, 2012 (Based on CAPR/AFS)
20 Pozorrubio Market Vendors Credit Cooperative
13,501,869.05
21 Mangaldan National High School Faculty, Employees and Retirees Multipurpose Cooperative 12,455,344.59
22 Coliling Farmers' Savings & Credit Cooperative 11,712,220.00
23 Sugpon Multi-Purpose Cooperative 11,660,735.00
24 Candon City Government Employees Multi Purpose Cooperative
11,579,854.46
25 Sugpunan SISA Magsingal Multi Purpose Cooperative 11,002,657.48
Source: 2012 Annual Report of CDA-DEO
Cooperatives Around the World
The cooperative movement gradually
spread around the world in the 19th
century. Today, cooperative businesses
are found nearly in all countries from the
developing nations of Africa, Asia and
South America to the industrial countries
of Europe and America. Many of the
cooperatives in these countries are
extremely successful with strong presence
especially in agriculture.
Today the sector is
estimated to have
around 1 billion
members and account
for more than 100
million jobs around the
world (ICA).
Why Cooperate?
People who organize and belong
cooperatives to do so for a variety of
economic, social, and even political
reasons. Cooperating with others has
often proven to be a satisfactory way of
achieving ones own objectives while
assisting others in achieving theirs.
Cooperative Values
Co-operatives are based on the values of self-
help, self- responsibility, democracy,
equality, equity and solidarity. In the
tradition of their founders, co-operative
members believe in the ethical values of
honesty, openness, social responsibility and
caring for others.
Cooperative Principles
The Rochdale pioneers and the early
European cooperative thinkers and
organizers who laid down the foundation for
their success. They are responsible for
codifying a guiding set of principles that
provided the guide to help the development
of cooperatives across the world.
The co-operative principles are
guidelines by which co-operatives put their
values into practice.
1. Voluntary and Open Membership
Co-operatives are voluntary
organizations, open to all persons able to
use their services and willing to accept the
responsibilities of membership, without
gender, social, racial, political or religious
discrimination.
2. Democratic Member Control
Co-operatives are democratic
organizations controlled by their members,
who actively participate in setting their
policies and making decisions. Men and
women serving as elected representatives
are accountable to the membership. In
primary co-operatives members have
equal voting rights (one member, one
vote) and co-operatives at other levels are
also organized in a democratic manner
3. Member Economic Participation
Members contribute equitably to, and
democratically control, the capital of their co-
operative. At least part of that capital is usually the
common property of the co-operative. Members
usually receive limited compensation, if any, on
capital subscribed as a condition of membership.
Members allocate surpluses for any or all of the
following purposes: developing their co-operative,
possibly by setting up reserves, part of which at
least would be indivisible; benefiting members in
proportion to their transactions with the co-
operative; and supporting other activities approved
by the membership.
ARTICLE IX Allocation and Distribution of
Net Surplus for Newly Registered
Cooperative
Section 1. Allocation - At the end of its fiscal year, the Cooperative
shall allocate and distribute its net surplus as follows:
a. Reserve Fund. _______percent (____%)shall be set aside for
Reserve Fund subject to the following rules, provided, that in the first five
(5) years of operation after registration, this amount shall not be less
than fifty per centum (50%) of the net surplus:
b. Education and Training Fund. ________ percent (____%)shall be
set aside for Education and Training Fund.
i. Half of the amount allocated to the education and training fund
annually under this subsection may be spent by the cooperative for
education and training purposes; while the other half may be remitted
to a union or federation chosen by the cooperative or of which it is a
member.
c. Community Development Fund. ________percent
(____%)shall be used for projects and activities that
will benefit the community where the cooperative
operates.
d. Optional Fund. ________percent (____%)shall be
set aside for Optional Fund for land and building,
and any other necessary fund.
Section 2. Interest on Share Capital and Patronage
Refund. The remaining net surplus shall be made
available to the members in the form of interest on
share capital not to exceed the normal rate of return
on investment and patronage refunds.
4. Autonomy and Independence
Co-operatives are autonomous, self-
help organizations controlled by their
members. If they enter into agreements
with other organizations, including
governments, or raise capital from external
sources, they do so on terms that ensure
democratic control by their members and
maintain their co-operative autonomy.
5. Education, Training and Information
Co-operatives provide education and
training for their members, elected
representatives, managers, and
employees so they can contribute
effectively to the development of their co-
operatives. They inform the general public
- particularly young people and opinion
leaders - about the nature and benefits of
co-operation
6. Co-operation among Co-operatives
Co-operatives serve their members
most effectively and strengthen the co-
operative movement by working
together through local, national,
regional and international structures.
7. Concern for Community
Co-operatives work for the
sustainable development of their
communities through policies
approved by their members.
Governance
To prosper, cooperative must be well
organized, well financed, well managed
and governed well by a committed
membership. They must be progressive,
adapting to changing business climates
and responding to the members’ changing
needs.
The directors, management staff
and members have responsibilities
within the cooperative . Strong and
viable require all the three groups to
do their share.
ARTICLE III – By Laws
Administration Section 1. The General
Assembly (GA). The general assembly is
composed of all the members entitled to
vote, duly assembled and constituting a
quorum and is the highest policy-making
body of the Cooperative.
Section 2. Powers of the General Assembly.
Subject to the pertinent provisions of the Cooperative
Code and the rules issued there under, the general
assembly shall have the following exclusive powers
which cannot be delegated:
a. To determine and approve amendments to the
cooperative Articles of Cooperation and By-laws;
b. To elect or appoint the members of the board of
directors, and to remove them for cause;
c. To approve developmental plans of the
cooperative; and
d. To delegate the following power/s to a smaller
body of the cooperative:
ARTICLE IV Board of Directors Section 1. Composition of the Board of Directors (BOD). The
Board of Directors shall be composed of _______ ( )
members.
Section 2. Functions and Responsibilities. The Board of
Directors shall have the following functions and
responsibilities:
a. Provide general policy direction;
b. Formulate the strategic development plan;
c. Determine and prescribe the organizational and
operational structure;
d. Review the Annual Plan and Budget and recommend
for the approval of the GA;
e. Establish policies and procedures for the effective
operation and ensure proper implementation of
such;
f. Evaluate the capability and qualification, and
recommend to the GA the engagement of the
services of the External Auditor;
g. Appoint the members of the Mediation/ Conciliation
and Ethics Committees and other Officers as
specified in the Code and cooperative By-laws;
h. Declare the members entitled to vote;
i. Decide election related cases involving the Election
Committee and its members;
j. Act on the recommendation of the Ethics
Committee on cases involving violations of
Code of Governance and Ethical
Standards; and
k. Perform such other functions as may be
prescribed in the By-laws or authorized by
the GA.
ARTICLE V Committees
Section 1. Audit Committee. An Audit
Committee is hereby created and shall be
composed of ________ ( ) members to be
elected during a general assembly
meeting and shall hold office for a term of
one (1) year or until their successors shall
have been elected and qualified.
Section 2. Functions and Responsibilities. The
Audit Committee shall:
a. Monitor the adequacy and effectiveness of the
cooperative’s management and control system;
b. Audit the performance of the cooperative and its
various responsibility centers;
c. Review continuously and periodically the books
of account and other financial records to ensure
that these are in accordance with the
cooperative principles & generally accepted
accounting procedures;
d. Submit reports on the results of the
internal audit and recommend necessary
changes on policies and other related
matters on operation to the Board of
Directors and GA;
e. Recommend or petition to the Board of
Directors the conduct of special general
assembly when necessary; and
f. Perform such other functions as may be
prescribed in the By-laws or authorize by
the GA.
Section 3. Election Committee. An Election
Committee is hereby created and shall be
composed of _____ ( ) members to be
elected during a general assembly
meeting and shall hold office for a term of
one (1) year or until their successors shall
have been elected and qualified.
Section 4. Functions and Responsibilities. The
Election Committee shall:
a. Formulate election rules and guidelines, and
recommend to the GA for approval;
b. Implement election rules and guidelines duly
approved by the GA;
c. Recommend necessary amendments to the
election rules and guidelines, in consultation
with the Board of Directors, for approval of the
GA;
d. Supervise the conduct, manner and procedure
of election and other election related activities
and act on the changes thereto;
e. Canvass and certify the results of the
election;
f. Proclaim the winning candidates;
g. Decide election and other related cases
except those involving the Election
Committee or its members, and
h. Perform such other functions as
prescribed in the By-laws or authorized by
the GA.
Section 5. Education and Training
Committee. An Education and Training
Committee is hereby created and shall be
composed of ________ ( ) members to be
appointed by the Board of Directors and
shall serve for a term of one (1) year,
without prejudice to their reappointment.
Section 6. Functions and Responsibilities.
The Education and Training Committee
shall:
a. Keep members, officers, staff well-informed
regarding cooperative’s goals/objectives,
policies & procedures, services, etc.;
b. Plan and implement educational program for
coop members, officers and staff;
c. Develop promotional and training materials
for the cooperative; and
d. Conduct/Coordinate training activities.
Section 7. Mediation and Conciliation
Committee. A Mediation and Conciliation
Committee is hereby created and shall be
composed of _______ ( ) members to be
appointed by the Board of Directors.
Section 8. Functions and Responsibilities. The Mediation and Conciliation Committee:
a. Formulate and develop the Conciliation-
Mediation Program and ensure that it is properly
implemented;
b. Monitor Conciliation-Mediation program and
processes;
c. Submit semi-annual reports of cooperative
cases to the Authority within 15 days after the
end of every semester;
d. Accept and file Evaluation Reports;
e. Submit recommendations for improvements to
the BOD;
f. Recommend to the BOD any member of
the cooperative for Conciliation-Mediation
Training as Cooperative Mediator-
Conciliator;
g. Issue the Certificate of Non-Settlement;
and
h. Perform such other functions as may be
prescribed in the By-laws or authorized by
the GA.
Section 9. Ethics Committee. An Ethics
Committee is hereby created and shall be
composed of ___________ ( ) members to
be appointed by the Board of Directors.
Section 10. Functions and Responsibilities.
The Ethics Committee shall:
a. Develop Code of Governance and Ethical
Standard to be observed by the members,
officers and employees of the cooperative
subject to the approval of the BOD and
ratification of the GA;
b. Disseminate, promote and implement the
approved Code of Governance and Ethical
Standards;
c. Monitor compliance with the Code of Governance
and Ethical Standards and recommend to the
BOD measures to address the gap, if any;
d. Conduct initial investigation or inquiry
upon receipt of a complaint involving Code
of Governance and Ethical Standards and
submit report to the BOD together with the
appropriate sanctions;
e. Recommend ethical rules and policy to
the BOD;
f. Perform such other functions
Section 11. Other Committees. By a majority
vote of all its members, the Board of
Directors may form such other committees
as may be deemed necessary for the
operation of the Cooperative.
MEMORANDUM CIRCULAR NO. 2011-04 Series of 2011 Dated Feb 22, 2011
Officers of the Cooperative as provided under Art. 5
(11) of RA9520:
(1) Members of the Board of the Directors;
(2) Members of the different committee created by the
general
assembly; ,
(3) General Manager or the Chief Executive Officer;
(4) Secretary;
(5) Treasurer; and
(6) Members holding other positions as may be provided
for the by-laws of the cooperative.
B. Officers elected by the General Assembly:
(1) Members of the Board of Directors;
and
(2) Members of the Audit and Election
Committee.
C. Officers appointed by the Board of Directors:
(1) Treasurer;
(2) Secretary;
(3) Members of the Mediation and Conciliation
Committee;
(4) Members of the Ethics Committee;
(5) Members of Other Committees unless
otherwise provided in the by-laws; and
6) Members of the Board of Directors appointed by
the remaining directors for vacancy other them
expiration of term ( Article 41 of RA 9520)
Under Article 42, there is no prohibition for
elected officers with relationship up to the
third civil degree of consanguinity or
affinity to hold the aforesaid elected
positions in the same cooperative provided
they have been elected by the General
Assembly. These are the officers referred
to in paragraph B hereof.
The prohibition applies to the officers
referred to in paragraph C hereof. There
shall be no two (2) persons or more with
relationship up to the third civil degree of
consanguinity or affinity to hold any of the
above-mentioned appointed positions in
the same cooperative.
However, an elected officer can have
one (1) appointed relative within the third
civil degree of consanguinity or affinity
provided that under no circumstance shall
there be relationship up to the third civil
degree of consanguinity or affinity among
the appointed officers.
With respect to husband and wife since
they are considered as "one person with
the same interest" (Report of the
Commission of the Family Code, page 25),
the prohibition on appointive officers shall
apply to them likewise.
1. Relationship by Consanguinity 1. First Degree - Parent to Child
2. Second Degree - Grandparent to
Grandchild, Brother to Sister
3. Third Degree - Uncle to Child, Aunt to
Child, Great- Grandparent to Great
Grandchild
2. Relationship by Affinity
1. First Degree - Parent-in-Law to
Daughter/Son-in-Iaw
2. Second Degree - Brother-in-Law to Sister-
in-Law
3.Third Degree - Great-Grandparent-in-Iaw
to Great Granddaughter/Great Grandson-
in-Law, Uncle/Aunt in- law to Niece/
Nephew in-law.
Best Practices
Cooperative members are its important
assets. Cooperative success hinges on
effective member education, training,
information to members. Thus, a
successful education and communication
program should be in placed.
CPRCE MPC BEST Practices
• The Board do not receive any form of
compensation;
• Computerized loan processing, bookkeeping
and financial statement preparation;
• Coop with website to keep members and
public updated;
• Operating nationwide thru electronic
means
• Interest are not charged in advance;
• Coop grants P100,000 burial assistance;
• Christmas gifts to qualified members;
• The coop remained self reliant since
1987;
GLEDCO Best Practices
1. Commitment to
Good Governance
in its day to day
operations by
Dedicated Officers
and Management
Staff.
GLEDCO Top
Performing
Cooperative in
Ilocos Region
a) Regular conduct of general / mid-year
general assemblies.
b) Conduct of mid-year and year-end
assessment and planning conferences.
c) Regular conduct of two (2) board
meetings a month.
c) Regular conduct of two (2) board meetings a
month.
d) Conduct of monthly / weekly meetings with
Management Staff.
e) Conduct of monthly PMES (We have our own
trainers).
f) Monthly financial statements are posted at
bulletin boards / distributed to different offices.
g) Monthly / Annual Performances are compared
against Targets as set forth in the approved
Annual Budget.
h) Maintenance of Website / Facebook Account.
1. Health and Wellness program as one of the
important needs. In this concern, Medical Missions
were made during the past years up to the present.
2. With the collaboration of SACDECO and RHU in
Sta. Cruz, 152 women were served and undergone
PAP SMEAR. Aside from these, SANITATION
PROJECT was also implemented.
3. Distributed toilet bowls and drums to families without Comfort Rooms in barangay Pinipin, Pilar, Sevilla, Villa Hermosa and Dili, this town. The same program was also implemented in the SACDECO branches of Santa and Bangar with the assistance of the Local Government Unit (LGU)
4. Barangay Daligan was benefitted with water system
connecting the spring from mountain going down to the barangay residences up to the neighboring barangays. Relative to this, barangay Casilagan was also given a set of jet-matic for public use. One organization from barangay Calaoa-an was also given field watering materials.
5. the Prime Movers Association members
composed of fishermen from barangay
Capariaan, Villa Garcia and Casilagan
received One Hundred Thousand Pesos
(PHP100,000.00) for the purchase of
motorized boat and for the repairs of
fishing paraphernalia. The assistance was
given to them to enhance their daily works
and financial needs.
6. supporting the YTM programs. The
following schools are the beneficiaries:
a) Pinipin Elementary School- Monoblock Chairs
& painting Materials
b) Arangin-Dinaratan Elementary School-
Materials for classroom repairs
c) P.R. PMA- 1 unit Computer Set
d) Babayoan Elementary School- Paint &
materials for water system
e) Nagtenga Elementary School- Jet matic
f) Sagat Elementary School- Repair of water
system
g) Dili Elementary School- Painting materials
for classrooms
h) Amazing grace- 1 unit Laptop
i) Castro Elementary School (Bangar)- 2 units
ceiling fans
j) San Francisco Elementary School (Sudipen
L.U) – 2 units ceiling fan
k) Banayoyo Central School- 2 white boards
7. Supported the “ECOLOGY/GREENING
PROGRAM” of the government. Some of
the activities are the planting of
Mangroves in Santiago, Ilocos Sur,
coconut in the coastal barangay of Sevilla,
Pilar and Las-ud, acacia and milena in
barangay Babayoan
Cooperative financing is also critical in today’s
complex operation. Adequate capital is one of
the fundamental principles of sound business
operation and at the same time one of the
biggest challenge facing the cooperative today.
Cooperative Financing
Regular Savings Deposit
Time Deposit Members Contingency Deposits Youth Saver’s Club Dream Savings Funds
Retirement Savings
Pension Savings
SAFE Savings
Build Savings Emergency Savings Fund
Savings
Share
Capital
Common Share
Preferred Share
Provincial Level In recognition of their exemplary performance and unique strategies
in terms of increasing membership. Issued this 25th day of June, 2013 at Dagupan City.
RAY R. ELEVAZO Regional director
JOSEFINA B. BIT0NIO Supervising Cooperative Development
Specialist
VAN IAN F. ENRIQUEZ Senior CDS - CRIT Unit
Gawad Parangal Validators:
SBFCA Pambuhay Multi-Purpose Cooperative
Agoo, La Union
BEST in Membership Growth and Expansion
Reference
• Oro Integrated Cooperative orointegratedcoop.com
• Sacred Heart Savings Cooperativehttps://www.facebook.com/sacredheartsavingscoop
• Kimberly A. Zeuli and Robert Cropp community-wealth.org/_pdfs/articles-
publications
• SACDECO www.sacddeco.com • Gledco www.gledco.org.ph • RA 9520 www.cda.gov.ph • Model By Laws Primary Cooperative www.cda.gov.ph
• MEMORANDUM CIRCULAR NO. 2011-04 Series of 2011 Dated Feb 22, 2011
www.cda.gov.ph • Josefina B. Bitonio 2012 Annual Report CDA Dagupan • Statistical Data www.cda.gov.ph