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