pakigsayud 2012, vol xxxi - official publication of msu-iit multi-purpose cooperative
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2013nnual Representative Assembly00-12:00 Noon . March 23, 2013 (Sat.)
SU-IIT Gymnasium
banga, Iligan City
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly
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CORE VALUES
• SPIRITUALITY We shall live with the tenets of our religion.
• EXCELLENCE We shall conscientiously strive for excellence in our work.
• LEADERSHIP &
GOOD GOVERNANCE
We shall exercise leadership and provide a role model for
membership in cooperative sector. We shall teach and practice the
principles of good governance.
• FAMILY SOLIDARITY We believe that the family is the foundation of progressive society.
As such, we shall dedicate all our cooperative developmental work
towards the strengthening of the institutional cord that binds the
members of the family together as a strong and dynamic social
unit.
• DISCIPLINE We shall live within our means. Observe cooperative principlesand policies. Comply with laws relevant to cooperative operations,
and advance and protect human rights in dealing with our
stakeholders.
• INTEGRITY We will conduct ourselves with integrity in our dealings with and
on behalf of the cooperative.
• COMPETENCE We shall live with the tradition of competence anchored upon
quality education and continuing technical training.
• ENTREPRENEURSHIP Our teachings and activities shall be aligned to the development of
entrepreneurship among our members.
VISIONA leading, world-class cooperative
serving the nation.
MISSIONTo provide and satisfy cooperators with
excellent products and services.
OBJECTIVES
FINANCE: To ensure the financiaI viability of the
cooperative.
MARKET: To establish a strong market presence
in strategic areas in the Philippines.
PRODUCTS: To continuously develop andinnovate products and services satisfying the
changing needs of the members.
WORKFORCE: To maintain a highly motivated
and competent workforce.
GOVERNANCE: To practice high ethical standards,
operational efficiency and effectiveness in
governing the cooperative.
COMMUNITY: To develop sustainable outreachprograms and linkages with other institutions.
PANUNUMPA SA KOOPERATIBA
Pilipino ako nga sa kooperatiba nagatoo,
nakighiusa.
Dili mahimo ang pag-inusara kay sa daghan,
gahum makaplagan.
Kalambuan sa tanan akong paningkamutan.Pakigdait, pagkugi, panglimbasugan.
Kahapsay, kakugi akong hatagan ug bili.
Kalihukan, katungdanan pagaatimanon.
Hunuhunang kooperatibanhon, buhion.
Usa ka handurawan, usa ka pagtoo,
usa ka pagbati, sa kooperatiba,
kaugalingon ihalad ko.
Tabangi ako Ginoo.
Source: Cooperative Development Authority.
Table of Contents4 Programme
5 ACCU Message
6 DID Message
7 CDA Message
8 NATCCO Message
9 NATCCO MBAI Message10 NATCCO Party-List Message
11 MASS-SPECC Message
12 AWCF Message
13 CLIMBS Message
14 VRV Message
15 Chairperson’s Message
19 Joint BOD & Management Report
22 COOP PESOS Rating
23 SAVINGS & CREDIT Reports
29 ACADEMY Report
30 COOP LIFE ASSURANCE CENTER / COOP CARE
32 AUDIT COMMITTEE Report
33 COMMITTEE on COOPERATIVE SOCIAL
RESPONSIBILITY REPORT
35 EDUCATION COMMITTEE Report
39 ELECTION COMMITTEE Report
40 FINANCE & INVESTMENT COMMITTEE
Report
41 GENDER COMMITTEE Report
42 HOUSING COMMITTEE Report
43 PERSONNEL & AWARDS COMMITTEE
Report
44 YOUTH COMMITTEE45 YOUTH COMMITTEE SPECIAL REPORT:
2012 International Summit of Cooperatives
46 BOD Resolutions
59 COMMITTEE Pictures
60 KEY RESULT AREAS
62 BRANCH Pictures
64 ACTIVITY Pictures
66 COMMITTEE Pictures
74 AUDITED FINANCIAL STATEMENTS
106 SUNSHINE PLAN CLAIMS
107 2013 BUDGET
115 ADVERTISEMENTS
121 COOP JINGLE
122 MANAGEMENT STAFF
123 PRODUCTS & SERVICES
124 COOP DIRECTORY
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2013 Annual Representative Assembly
MSU-IIT MULTI-PURPOSE COOPERATIVE
2013 ANNUAL REPRESENTATIVE ASSEMBLYTHEME:”GROWING SOCIAL ENTERPRISES, BUILDING COMMUNITIES”
March 23, 2013 - 8:00 AM - 12:00 noon
MSU-IIT Gymnasium
Arrival and Registration
Pakulo/Door Prize
Opening Prayer
Pambansang Awit
Coop Pledge
Coop Jingle
Opening /
Welcome Remarks Paulino T. Sanchez, BOD Chair
Presentation of Paulino T. Sanchez, BOD Chair
Awards Roberto E. Salarza, Vice Chair
Deal Noel D. Benegrado, CEO
Pakulo
Closing Remarks Roberto E. Salarza, Vice-Chair
Pakulo
Part I - OPENING PROGRAM Part II - PRESENTATION OF REPORTS
1. Call to order
2. Opening Address by the Chairperson
3. Presentation of Reports:
- Joint BOD and Management
- All Committee Reports
4. Pakulo
5. Open Forum
6. Pakulo
7. Adjournment
8. Closing Prayer
9. Pakulo
P
A K I G S A Y U
D
Editorial advisory Paulino T. Sanchez
Roberto E. Salarza
Editor in Chief Deal Noel D. Benegrado
Art Editor/Layout Artist Jeremy M. Ancog
Production Assistants Aldie P. Alia
Aiza Fe M. DaleonYani J. Lacbayen
Published by MSU-IIT Multi-Purpose Cooperative
2/F MSU-IIT MPC Bldg., Quezon Ave. Ext., Pala-o, Iligan City,
9200
TeleFax (063) 223-5874
Website: http://msuiitcoop.org
Circulation: 13,500 copies
Editorial Sta
ERRATA:
OUR APOLOGIES TO PROF. EDNA E. ABERILLA AND ENGR. ROBERTO E. SALARZA WHO’STITLES WERE NOT APPROPRIATELY STATED IN THE IMMEDIATE PAST PUBLICATION AS
CHAIRPERSON EMERITUS AND VICE CHAIRPERSON OF THE BOARD OF DIRECTORS,
RESPECTIVELY. FURTHERMORE, OUR APOLOGIES TO PROF. EDNA E. ABERILLA
WHOSE TITLE AS CHARPERSON EMERITUS WAS NOT ACKNOWLEDGED IN THE PAST
PAKIGSAYUD ISSUES.
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Message
Sincerely yours,
Ranjith Hettiarachchi
Chief Executive Officer
It is my pleasure to send greetings and best wishes to the
leaders and members of MSU-IIT Multi-Purpose Cooperative
on its Annual Representative Assembly on March 23, 2013.
It is great to know that the Board and Management are
embracing the challenge to maintain the momentum of
growth of MSU-IIT MPC. To sustain the achievements on
the same pace, there is a need to build strong pillars while
maintaining the cooperative values - your differentiation.
We congratulate MSU-IIT MPC’s decision to undergo ACCESS accreditation. It will be a strong
foundation that assures your members of excellent services and financial soundness. We trust
that the standards of ACCESS are being sustained and that it shaping up as an organizational
culture of MSU-IIT MPC.
As we observed in the initial evaluation of your ACCESS compliance, we commend the leaders
and management of MSU-IIT MPC for their dedication. ACCESS Brand is not an overnight job.
We are confident that the Board and Management are even ready to take personal sacrifice to
bring MSU-IIT MPC to international standards.
As a supporter member of ACCU, we appreciate your commitment towards your mission.
Please continue to undertake the responsibility to provide personal financial education both
to your members, and within your communities. Your experience is a great example and
inspiration to us and other credit unions in Asia.
We wish you more success in the years to come.
Best Wishes to MSU-IIT Multi-Purpose
Cooperative
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MessageGREETINGS FROM DESJARDINS
I am honored to have the opportunity to share with you few thoughts from my experience in the Philippines so far. First, I have tosay that MSU - IIT cooperative is a well-known cooperative in the Philippines and play important roles for the communities directlyserved, but also for the network as a whole.
Therefore, I would like to congratulate your organisation, its directors, the staff and all the members for this 35 years anniversary.When I think of all the members who have been helped by your cooperative during all these years, I am convinced that MSU- IIThelps to create a better world for them. As we say in French, Bravo!!!
I have been working in the Philippines for almost 18 months, so far. I have traveled in many areas, met with directors, managers,staff and maraming miembros. I have appreciated every moment.
From my observations, I can say that Filipinos are welcoming people, always willing to help, strong workers with high entrepreneur-ship capability. I would add smiling people who are always ready to enjoy good moments. I will always remember the smile of theyoung children. Nice souvenirs!
On the cooperative point of view, I was impressed by the financial capacity as well as the professional capability. Cooperatives are
helping a lot of people, that’s great.
But the needs are still very important and the populations have to maintain the development of their cooperatives. Cooperativesshould work together and create an integrated system that will empower them more and make them more efficient in providing ser-vices to all members, savers and borrowers. High efficiency brings lower interest rates and lower interest rates helps borrowers to bemore productive. That’s the way cooperative works and helps their members. They also have to show how to save money and providethe appropriate products and services. And we should always remember that – alone I am weak but with others I am strong!
This message is very important and I motivate the creation of the cooperatives in my country. More than 100 years ago, Mr. AlphonseDesjardins, founder of the Desjardins Movement, an important cooperative network in the province of Quebec in Canada, could notbelieve that the population had to borrow money at very high interest rates. Shark loan organisations were doing good business. ForDesjardins, the situation couldn’t continue. He studied the situation and asked support from Europe. He presented a new model andfounded the first cooperative in Levis in 1900. The idea was to gather savings from the cooperative’s members and lend that moneyto others in needs, always considering their capacity to pay. Today, Desjardins has more than 42 000 staff and 200 G$ in assets. More-
over around 80 % of the Quebec population have an account with Desjardins.
For the entire population of the Philippines, I hope that the cooperatives like MSU-IIT will continue its growth and the delivering ofhigh quality services to its members. Doing so, it will continue to create a better world for all.
Thank you!
Jean Caron Senior Advisor Development International Desjardins
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Message
MESSAGE My warmest felicitations to MSU-IIT Multi-Purpose Cooperative (MMPC),the Officers, Staff, all members and stakeholders on your Annual General Assembly on March 23, 2013.
During its more than two decades of cooperative journey MMPC hasproven that the heart, dedication, efficiency and strong will to serve themembers count the most in the face of all challenges and adversities.Keep up the good work!
With the recognition given by the United Nation to the importance of the cooperatives worldwide,great many things are expected to come out from this sector. As such, I urge the dedicated leaders ofMMPC to continue to innovate your products and services to international quality standards,steadfastly adhere to the noble mission, vision and core values of the coop, exemplify the highestform of integrity, commitment, good governance and epitomize the true spirit of cooperativism.Strengthen your coop more by streaming your membership, encourage your own family to join andembrace cooperativism as a way of life. Thus, more Filipinos will be empowered and will benefit fromthe cathartic influence of the cooperatives.
The CDA was able to forge Memorandum of Agreement with different National Government Agenciesas well as the Local Government Units which aim to strengthen the grass roots of our cooperatives.We formed strong ties with the unions, federations and other institutions with cooperativedevelopment pursuits in implementing and achieving the flagship program of this agency. I am happyto announce that the CDA has achieved the ISO 2008:9001 certification which calibrates the kind ofservices this agency renders to the cooperative sector, pursuing a grand dream of guiding all coops inthe country to attain the same Quality Management System certification in not so distant future.
These endeavors were painstakingly undertaken by our agency with just one target in mind… to bethe best agency in service of the cooperatives nationwide. We therefore request cooperative leadersto regularly visit our website: www.cda.gov.ph for valuable information on Memorandum Circularissuances and policy directions being implemented by our agency so that we can gear oursynchronized actions towards the same direction… to the path of progression and excellence.
I congratulate the entire workforce, the pillar behind the success, development and stability of MMPC.May it continually grow and prosper together with all the members, their families, and the community.
Mabuhay ang National MSU-IIT Multi-Purpose Cooperative! Mabuhay ang Kilusang Kooperatiba saPilipinas!
EMMANUEL M. SANTIAGUEL, Ph. D. Chairman
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Message
NATCCO congratulates MSU-IIT Multi-Purpose Cooperative in the celebration of its __ Annual Representative Assemblywith the theme “Growing social enterprises, building communities”. The theme highlights the role of the cooperatives in therespective communities where they have members; that the services of the cooperatives will build the members and thecommunities.
The whole NATCCO Network comprising of more than 600 cooperatives and their 2.1M individuals served in its more than1,122 offices, joins MSU-IIT MPC in this celebration. The NATCCO Network is happy that MSU-IIT MPC has been one of itsmember cooperatives, especially that your cooperative has really become a pillar in the cooperative movement. MSU-IIT MPCis a story of transformation: from being a closed type cooperative to an open type; from being housed at the campus to one
with now __ offices; from Iligan City to __ more cities and provinces. Indeed MSU-IIT MPC has grown so that it can bringmore members who can benefit from the services that it offers and continue promoting the ideologies of cooperatives tomore peoples.
As a loyal member of the NATCCO Network, MSU-IIT MPC has helped build at least two federations, MASS-SPECC and NATCCO.MSU-IIT MPC’s participation in the various services have helped build not just itself, but have helped build other primarycooperatives. While it has strived to strengthen itself, it has also worked with other cooperatives thru the federation, so thatthe whole system can be strengthened. It has helped the bigger communities of cooperatives in the Philippines.
The leadership of the cooperative has been recognized with your leadership in federations and special bodies. In the 2012International Year of Cooperatives, the youth sector representative was one of the speakers in the International Summit ofCooperatives in Quebec, Canada. Mr. Luis D. Carrillo, PhD., one of its former volunteer managers, was also an awardee of
Proxfin based in Quebec. The General Manager of the cooperative is also currently the President of the Cooperative ManagersAssociation of Mindanao and the Chairperson of the _____ Surety Fund. A number of your board of directors have beenChairs, members of the Boards and committees of NATCCO and MASS-SPECC.
NATCCO assures MSU-IIT MPC its desire to be a partner in its growth. Your leadership in building the network is truly a blessingto the federation. May this leadership guide the federation and sector towards ta more vibrant cooperative sector.
SYLVIA OKINLAY-PARAGUYA
Chief Execuve Ocer
NATCCO Network National Confederation of Cooperatives
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Message
LUIS D. CARRILLO, PhD, CSEE
NATCCO MBAI-President
Dear Fellow Cooperators of MSU-IIT MPC,
It’s our 35th General Assembly. Our cooperative has grown by leaps and bounds.
I recalled in January 1979 where only very few of us, less than 52, attended the first General Assembly.
I was one of the chartered members of the Board of Directors then with Madam Edna Elizaga Aberilla
as the chartered chairperson.
Now, with the numerous and dispersed membership, we resorted to the system of representation per
branch in our Annual Assembly. This ARA is on top of our mid-year assembly by cluster of branches. Noone is left behind since all members can attend the cluster assemblies.
We are in the threshold of realizing the cooperative leaders’ dream: That the economically disadvan-
taged thru their cooperative can be mainstreamed economic players. Cooperatives can venture into via-
ble enterprises out of its funds or from borrowed funds that can bring reasonable returns. Cooperatives
can be major players in the food industry, energy, apparels, and agro-industrial productions on top of
its financial and insurance services. Cooperatives can engage the services of experts on each enterprise
they venture into. These enterprises though not themselves cooperatives, are owned and controlled by
cooperatives; and as such, the returns accrue to the members.
Mabuhay ang MSU-IIT MPC! Mabuhay ang cooperative movement.
Cooperatively Yours,
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Message1
MESSAGE
From your Coop-NATCCO Partylist family, we extend our
sincere solidarity as you mark your Annual Representative
Assembly.
This gathering is worthy of attention for it creates publicawareness about the cooperative’s involvement in nation
building, raises awareness with respect to the non-members in
joining this “bayanihan” movement, opens opportunities for
interaction and serves as an avenue in indoctrinating the
ideology of cooperativism as a catalyst to progress.
Let this be a perfect opportunity to endow your members an open and supportive link for
their personal and professional growth.
Your best days are ahead of you. I encourage you to develop your competence and capability
and to uphold, preserve and maintain you unique identity as a cooperative and may you
continue your aspiration to become a world class cooperative serving the nation.
It is my fervent hope that MSU-IIT’s operations will continue to see success in the years to come.
In the same way, I wish that the cooperative spirit among the members remain strong.
As your partner in development, rest assured that the Coop- NATCCO Partylist’s drive in
advancing the welfare of cooperatives through significant legislations and policy reforms will not
falter.
As we perform our daily tasks, let us put our faith to God Almighty and seek for His guidance
and graces so we would successfully carry out our mission of empowering our brothers and
sisters in Christ.
Mabuhay kayong lahat!
HON. CRESENTE C. PAEZ
Representative, Coop-NATCCO Party-list
Republic of the Philippines
House of Representatives
Quezon City, Metro Manila
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Message1
M E S S A G E
Congratulations to MSU-IIT Multi-Purpose Cooperative on its 4th Annual Representative Assembly! Yoursuccess is not just measured by the size of your assets which now stands over P 800 Millions but by the qualityservice you give to your 40,000 members making a real difference in their lives. Because beyond asset size,what matters is when members will truly say that their lives have been improved because of the cooperative.
Your theme for this year, “Growing Social Enterprises, Building Communities” demonstrates your continuingefforts in supporting members’ needs by helping them build their individual enterprises. Growing members’enterprises will ultimately lead to members getting out of poverty and building better communities. This isthe essence of MSU-IIT MPC!
As a member of MASS-SPECC Network, we call on MSU-IIT MPC to be the vanguard in advancing the agen-da of the network. Building a strong cooperative movement does not come from the strength of a single orfew cooperatives but from the strength of the sum of all cooperatives unied as one. This cooperation amongcooperatives comes from a shared bond to change the lives of the members, help build communities and con-tribute to nation building.
Together, let us we move forward in growing cooperatives into one strong cooperative movement.
More Power to MSU IIT MPC!
BERNADETTE O. TOLEDO, CPA
Chief Executive Ofcer
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Message1
The Asian Women in Co-operative Development Forum (AWCF) congratulates
the MSU IIT MPC on the occasion of its 2013 Annual Representative Assembly.
The AWCF was established in 1990 to answer the need for developing sound
gender practices and policies in co-operatives across Southeast Asia. In our
activities here in the Philippines, we have partnered with international and local co- operatives to reach the
different co-operatives in the Philippines including the MSU IIT MPC.
In 2010 to 2012, AWCF has implemented the Project “Promoting Gender Equality Among Co-operatives in the
Philippines”. The Project was under the ACCESS TO THE POOR PROGRAM of Swedish Cooperative Center,
funded by SIDA. There were15 co-operative organizations involved: 5 from Luzon, 5 from Mindanao and 5from Visayas who expressed the need to undertake a Gender Equality program in their co-op. Through the
project, the co-ops adopted and implemented policies and plans on GE while calling for relevant government
agencies to adopt policies and rules on GE for co-ops; KEY RESULT of this project was that co-ops became
gender-fair organizations and workplaces that have enhanced their socio-economic services to the members,
with consequently socio-economic returns for the co-ops.
Today, the MSU IIT MPC is a showcase of gender equality to other co-ops, development groups, government
agencies, other stakeholders, and the public in general. The gender journey and results of MSU IIT MPC
want to emphasize that being gender sensitive and being able to practice gender equality can be done by
other co-ops that want to better serve their members and, to a larger extent, the community. There are many
benets that being a gender-fair co-op can achieve for its own organization and its membership of womenand men. A happy co-op member makes a happy co-op both in the social and economic sphere. Being a
gender fair co-op also brings good business.
We in AWCF continue to support MSU IIT MPC in its pursuit of gender equality as it strives to become more
effective and relevant vehicle for the socio-economic upliftment of the people.
(Sgd.) Salome A. Ganibe
Executive Director AWCF
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Message1
Fermin L. Gonzales
President/CEO
CLIMBS LIFE AND GENERAL INSURANCE COOPERATIVE
National Highway, Zone 5, Upper Bulua, Cagayan de Oro City
Telefax: 088 8561355 Email: [email protected] Website: www.climbs.coop
My warmest appreciation and recognition to MSU-IIT Multi-Purpose Cooperative’s celebration
to its Annual Representative Assembly 2013!
You have surely come a long way in uplifting and inspiring the lives of your members and you
have proven and shown to us that you have already provided adequate financial assistance to
your members in accordance to MSU-IIT MPC’s mission and vision.
But it is not too bold to aspire for greater heights; in fact, I encourage you to be more ambi-
tious; to strive to be better to what you have already achieved and to surpass expectations and
to inspire more lives for the greatness of everyone.
Live up to the thought you wish to transcend to your members in which a virtue that a success-
ful cooperative should always impart and as a basic idea to which a cooperative is created in
the first place.
Make that principle be your guide and as a challenge in providing quality services not only to
your members and employees but to the rest of the community as a whole also in response to
MSU-IIT MPC’s mission for a greater nation.
KUDOS to the leaders, staff and members of MSU-IIT Multi-Purpose Cooperative (MSU-IIT
MPC)!
More power and God speed!
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Message1
A WORD FROM VRV CONSULTANCY
Congratulations on your successful 2012 operations!
VRV Management has had the pleasure of being your working partner on 5-year strategic
planning, budgetary reviews, treasury and controllership operations, and marketing
activities. We take great pride in this ongoing partnership.
MSU-IIT MPC has a capable management group, a visionary and ambitious Board of
Directors, and the best branch management staff we have dealt with. Capitalize now on
these resources towards your dreams of greatness.
May you become the vibrant nationwide cooperative you always wanted to be.
(Sgd.)Prof. Vicente R. Valdellon, Jr.
President
VRV Management
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Message1
CHAIRPERSON
Dear Brothers and Sisters of the MSUIIT National Multi-Purpose Cooperative:
Heavenly Cooperative Blessings! And Welcome to our Annual Representative Assembly on the 35th year of our God-centered co-op-
eration. As the inertia of local, national and international celebrations of the 2012 INTERNATIONAL YEAR OF COOPERATIVES continues
our theme for this assembly is consistent with the SLOGAN:
“COOPERATIVE ENTERPRISES BUILD A BETTER WORLD.”
Goals of the International Year of Cooperatives:
1. Increase public awareness about cooperatives and their contributions to socio-economic development and the achievement
of the Millennium Development Goals;
2. Promote the formation and growth of cooperatives;
3. Encourage governments to establish policies, laws and regulations conducive to the formation, growth and stability of
cooperatives.
Source: http://social.un.org/coopsyear/iyclogo.shtml
Consistent with our approved 5-Year Strategic Plan 2012 to 2016, and the goals 1 and 2 enumerated above, we have opened sav-
ings and credit offices in Puerto, Cagayan de Oro City, Bacolod, Lanao del Norte, two in Butuan City and one in the Municipality of
Laguindingan, Misamis Oriental. Indeed a good number of new co-operators from these newly opened offices have responded to our
invitation to:
JOIN US! GROW WITH US!
In keeping with scriptural tradition let me welcome one and all to our 4th Annual Representative Assembly with Psalm 127:1 as our
reminder that “Unless the Lord builds the house, those who build it labor in vain.”
I therefore enjoin all cooperator-representatives in behalf of the general membership that we share our thoughts, good inspirations
and feelings, and arrive at collective decisions with the guidance of the Holy Spirit of God, our Heavenly Parent and True Parents of
Heaven, Earth and Humankind.
Again to master our thoughts, feelings, words and acts together allow me
share to you that our MSU-IIT NMPC is an economic vehicle guided by the
equilateral triangle paradigm shown in Figure 1 below.
Figure 1.Dynamics of Vision, Mission, Objectives; Team and Leadership
Paradigm
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Message1
Our MSU-IIT National Multi-Purpose Cooperative as the Team that is composed of leaders and follower-members is an economic
vehicle united on the basis of our Vision Statement:
“A leading world-class cooperative serving the nation”Mission Statement:
“To provide and satisfy cooperators with excellent products and services”
Objectives, as printed in page 3, Pakigsayud Vol. XXX – Rearranged:
GOVERNANCE: To practice high ethical standards, operational efficiency and effectiveness in
governing the cooperative.
WORKFORCE: To maintain a highly motivated and competent workforce.
COMMUNITY: To develop sustainable outreach programs and linkages with other institutions.
MARKET: To establish a strong market presence in strategic areas in the Philippines.
PRODUCTS: To continuously develop and innovate products and services satisfying the changing
needs of the members.
FINANCE: To ensure the financial viability of the cooperative.
And the Panumpa sa Kooperatiba as deep commitment foundation anchored on God or … Tabangi ako Ginoo.
CASHFLOW MANAGEMENT
Given the newly opened six savings and credit offices with at least four to five office and field workers, it is a projected situation
that said offices have to be subsidized for the first eighteen
(18) to twenty four (24) months of operation. Indeed these offices have affected our Net Surplus for the year 2012 as per Joined
BOD and MANAGEMENT Report and Audited Financial Statements. Aside from subsidizing the operations of newly opened savings
and credit offices, we have also resolved that starting January 2012, we are to accrue Php 350,000.00 per month or Php 4.20 mil-lion per year for ten years to provide for the Special Savings.
Another major program we are working on with the Housing Committee and the Property Management Division of our Ato Kini
Koop is the Housing Cooperative Project at Lambagohon. Even though these activities require cash outflow, their contribution to
positive net surplus are yet in the future.
Despite the reduction of net surplus for 2012, we have contributed in our countries economy by means of providing employment
to no less than 30 additional management and staff.
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COMMUNICATIONS MANAGEMENT
After our exit conference with the External Auditors, we are strongly reminded to improve on our communications in the area
of enhancing knowledge and skills to be learned and practiced by and among, elective officers, management and staff and the
general membership. Specially among prospective elective officials from the membership and newly hired management andstaff.
In today’s ARA, we hoped to have communicated the need to ratify and approve the Articles of Cooperation and By-Laws of the
Coop Academy. The invitation to all members to subscribe for at least 1,000 shares and be qualified to be elected among the first
subsidiary officers by paying their initial paid-up share capital of Php 12,500.00 in their respective branch offices. That the first
21 members to have paid-up their 25% of the minimum subscription of 1,000 shares will be founding members of the MSUIIT
National Cooperative Academy, a subsidiary of the MSUIIT National Multi-Purpose Cooperative.
The MSUIIT National Cooperative Academy Subsidiary will be relocated come School Year 2013 we pray that the all the needed
preparations we are working on will be guided and blessed by our Heavenly Parent and True Parents of Heaven, Earth andHumankind. We therefore enjoin every one to pray for the success on the efforts in this regard.
SYSTEMS, LEGAL AND PRODUCTS
Connecting all the operating links while seeing to it that ethical, moral and legal requirements are in place, we move close to
substantiating our vision as we conduct and carry out each day with love our mission of serving the entire membership anchored
upon heavenly cooperative principles and practices. Truly all these we prayerfully integrate on the basis of our Core Coopera-
tive Values of Spirituality, Excellence, Leadership and Good Governance, Family Solidarity, Dignity, Integrity, Competence and
Entrepreneurship. (Pakigsayud Vol. XXX, Page 3).
Resolve and approve the proposed increase in the Sunshine Benefit from the Php 75,000.00 to Php 125,000.00 for a corre-
sponding increase in monthly premium contribution of Php 35.00 per month effective the month after this assembly, with the
understanding that those who will simply opt for the same benefit will not effect the change in his or her monthly Sunshine
contribution.
COOP NATCCO Party List
Our desire and effort to bring about 1 Koop Mindanao Party List did NOT succeed in being accredited by the Commission on Elec-
tions. Thus the natural course of action is for all cooperators to rally and support the COOP NATCCO Party on the Party List Elec-tions May 13, 2013. We look forward that Congressman Cresente C. Paez will grace this assembly as our Guest Speaker today.
MSUIIT NMPC
The MSUIIT NATIONAL MULTI-PURPOSE COOPERATIVE can in the future become a more effective vehicle in uplifting the lives of
our members and build better communities. Our newly adopted Articles of Cooperation and By-Laws have empowered your
Board of Directors to effect, Article XI Allocation of Net Surplus, as follows:
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Reserve Fund. At least ten percent (10%);
Cooperative Education and Training Fund of Not more than ten percent (10%);
Community Development Fund of At least three percent (3%);
Relief, Rehabilitation, Recovery, and Reconstruction Fund of At least three percent (3%);
Optional Fund of Not more than seven percent (7%); and
Venture Capital Fund of Not more than seven percent (7%).
The purposeful and effective use of the above funds will bring our cooperative greater conquest of material
poverty. However, purposeful and well directed growth and development of officers, management and staff,and general membership; and each taking individual responsibility to learn and practice heavenly cooperative
principles, core values and continuing unlearning and learning of undesirable and good practices respectively,
will manifest shared prosperity!
Again, spread the cooperative good news to family members, relatives, friends, and the community.
JOIN US! GROW WITH US!
For and In Behalf of the Board of Directors, Management and Staff, and the entire Membership of the MSUIITNational Multi-Purpose Cooperative and the upcoming subsidiaries, Peace, Shalom, God Bless and Welcome to
our 35th Anniversary and 4th Annual Representative Assembly.
Engr. PAULINO T. SANCHEZ
BOD Chairperson
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 1
JOINT BOD and MANAGEMENT REPORT2013 is an exciting year for our dear Cooperative in many ways.
Today is our fourth Annual Representative Assembly and at the same time coincides with our 35th General Assembly. As far as our Coop
is concerned, we do have the advantage of having a Midyear Branch/Cluster Assemblies wherein big ownership meetings are held and
allowed us to choose at the same time our Representatives who will be attending the Annual Representative Assembly just like what
we are having at this moment. We are proud to say that we may the only one practicing twice a year big assemblies allowing members
to be informed of the business undertakings done during the first half of the year and make necessary interventions needed to be donefor the rest of the year. It is costly but the benefits outweigh the former. Some cooperatives are benchmarking with us and appreciated
the value of this tradition.
Growing Social Enterprises and Building Communities is primarily what our Cooperative has been trying to envision and the core of our
mission. We are not an ordinary organization or corporation trying to make money and achieve pure economic gains but more impor-
tantly, an association of well-intentioned individuals dreaming and realizing the social upliftment of its members. By definition, social
enterprises “are revenue-generating businesses with a twist. Whether operated by a non-profit organization or by a for-profit company,
a social enterprise has two goals: to achieve social, cultural, community economic or environmental outcomes; and, to earn revenue.”
(from the Center for Community Enterprise) . It is also defined as “A social economy enterprise operates like a business, produces goodsand services for the market, but manages its operations and redirects its surpluses in pursuit of social and environmental goals.” (Defin-
ing the Social Economy, by Fiona Salkie; Senior Policy Analyst, WD Headquarters, Edmonton).
35 years ago, we started our coop community in the confines of our MSUIIT Campus. We are doing fine and blossomed into an 892-mem-
ber, P86 Million-Assets and P1 Million-Net Surplus cooperative and going strong leading cooperative. 11 years ago today or in 2002, we
have decided to open up to the community and share our experience to all Iliganons. Today, we have about 50 thousand members both
regular and associate from all sectors of our society not only from our dear Iligan City but to the whole of Lanaodel Norte, Cagayan de
Oro City and Misamis Oriental, Pagadian City, Butuan City and Agusan del Norte. We are now P800 Million in Assets and having a P23.4
Million Net Surplus. Definitely, we are growing and we have shared to more people the blessings we have in the Cooperative. Truly, we
are building Cooperative Communities believing in the same internationally accepted cooperative principles and values.
Interconnectivity and Internet banking are not far behind. In our quest for updated and better savings and credit operations in our Coop,
we are now working in these two areas. By year end, we hope to implement the first and finally, use one computerized accounting
system to rationalize our MIS. Adopting an existing banking facility to interface with our own, we should also enjoy internet banking
features as we service the ever changing needs of our members. These two would ensure that we are at least updated and using avail-
able IT possible within reasonable costs and satisfying our members.
Our pursuit to be ACCESS-branded may hopefully come to fruition as we are working at the basic requirements and pre-requisites to
become one before the year ends. This will make us the fourth cooperative in the Philippines and the first in Mindanao. This is a manifes-
tation of our strong desire to be world class and providing a sound and sustainable savings and credit operations. We are trying to workout a way to achieve the goals of four essential perspectives namely, financial, members-customers, internal business and, learning and
growth (business scorecard as adopted by ACCU).
As of December 2012, our total assets stood at P799.4 million net after closing the deferred assets. This was agreed upon by the Board
and Management modifying the previous action to amortize over a period of 5 to 10 years with clearance from CDA. The net surplus
was P23.4 million which was lower than the previous year of P28.5 million. This was due to increasing cost of putting up new branches
although we look at this strategic action as an investment as well where eventually the fruits and gains will be seen in the future. Tibanga
Main has to shell out P4 million to amortize the interest expense accruing for special savings of prior years. The savings and credit opera-
tions did not achieve the revenue target for loans thus resulting in a lower net surplus. Although there was an increase from P75.5 millionto P88 million in interest income on loans but the loans released actual was only P838 million where the budget was P892 million.
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Year 2012 was a challenging year for us. We are challenged to boast the image of MSU-IIT Multi-Purpose Cooperative in the increase
of its membership level and expand its horizons. With the Marketing strategies that we have, flavored with wit, enthusiasm, Board of
Directors and management support, we were able to accomplish many triumphs. We were able to hit 96% of the consolidated mem-
bership target. In order to know more of what products and services we are going to give to our members, we conducted a survey on
members’ needs. Part of strengthening our marketing drive, we improved our marketing collaterals and made the Coop more visible
by advertising on television and radio. The Coop jingle was also created to build a stronger image and identity to the community. We
believe that the members are the lifeline of the Coop, so we came up with a program last December 2012 in which we gave Christmas
cards to all our members. Our top 100 and top 10 valued members were given ballpens and planners, respectively. In each branch, wealso identified our Top 1 valued member and sang Christmas carols to them to express our gratitude.
We always adhere to excellence and world class approaches in our coop business. Hence, we continually do our task in the promotion
and development of our products. For this year and onwards, we will continue to provide excellent service to our members. We presume
there will be more challenges to come, but we will be able to surpass them if we work together. There are no magic wands, no hidden
tricks, and no secret handshakes that can bring us immediate success. With time, effort and determination, we will get there.
In the side of Human Resource, we strengthened our payroll, hiring, and training systems. These are very essential in achieving our
long-term targets and in empowering our employees to work harder and smarter to reach the goals. We conducted trainings to staff
and members for them to also see the path we want to follow. In doing so, the Board of Directors and Officers, Management and staff
are one in vision and mission.
We hope to relocate the Coop Academy into a better location and a more permanent one. By doing so, an increase of enrollees in the
coming years is a great possibility.
MSU-IIT MPC is also working hard to enhance our CoopCare program to give more benefits to our members, especially in wellness
programs. We had a kick-off activity last year which was the 1st Coop Funrun. TheCoopcare program is one of our means to reach out to
members and build camaraderie in the community.
Community involvement is a major goal on the Coop, but is not limited to places where our branches exist. The Coop is always activein networking activities among other cooperatives and federations. Immersion in advocacy efforts like gender and development, anti-
poverty, pooling of resources like credit surety fund, and the development of the MIS-IT system for the whole network. Moreover, we
are working on building strong relationships like involvement in the Cooperative Managers’ Association in Mindanao and People Man-
agement Association in the Philippines.MSU-IIT MPC is not alone in its endeavors. We believe that by reaching to important networks
mentioned, our Coop will grow into a healthy and holistic cooperative.
Part of being a holistic cooperative is to be the number one when it comes to transparency and ingenuousness. We are working on better
use of our information technology. Providing electronic copies of the Pakigsayud and additional publications is a work in progress. The
Coop seeks to provide authentic information to our members and to the community.
We have opened Puerto branch in January, JC Aquino in March, Bacolod in May, Pagadian in August, Langihan and Laguidingan in
October last year. We have transferred and renovated the Kiwalan and Buruun branches as well as Maranding branch. All in all, we have
19 branches and satellites operating savings and credit in four cities and four provinces. Of course, we have been operating our Coop
Academy and Coop Life Assurance Center/Coop Care for many years. Our Head Office is situated in our wholly-owned building and lot
located at Quezon Avenue Extension, Iligan City.
The COOP PESOS rating used by CDA to measure a cooperative’s performance as seen in page 16 of our Pakigsayud indicated that our
Coop has a general rating of 81.4 % which is equivalent to Fair. As far as Portfolio Quality is concerned, our Portfolio At Risk which
measures delinquency has a score of 7.62% which is close to the standard of 5% or less. We have fully provided for probable loan losses.
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 2
Efficiency ratios indicated that we are doing fine except cost per peso loan, asset yield and operational self-sufficiency. Inflation rate
was 3% last 2012. Under stability ratios, we are fine with both solvency and liquidity but way below the standard as far as net insti-
tutional capital. The two operations ratios of performance of membership growth and trend in external borrowings were excellent.
Finally, structure of assets ratios indicated that we have yet to improve our standing considering that our asset quality is zero out of
five. We are still way below the standard as to the total loans receivable/total assets and total members’ share capital/total assets.
Total deposits/total assets are slightly below the minimum standard. From these ratios, we need to focus our efforts in the weak
areas under the structure of assets. Non- performing assets will have to be minimized, raise the deposits of members, and generate
more quality loans to optimize use of our available funds as well as generate more share capital from the members.
Our Board and Management efforts were ably supported by consultants coming from our federations namely, NATCCO and MASS
SPECC as well as the VRV Management Consultancy especially in the crafting of our Strategic Plan and Operational Business Plan. We
were active in conducting training for our Officers and Staff as well as attending important federation assemblies and fora to keep
us abreast of new developments and programs adopted by other cooperatives in the country. Our leaders are elected into elective
positions in the federations hence recognizing their competencies even in the secondary and tertiary levels of governance. Also, we
continued to lead in supporting our federations especially in the building up the funds.
We have a lot to learn from all these experiences and to apply the new learning in the coming year. Though we continue to strength-
en and improve our weak areas we would like to congratulate ourselves of the victories we have had. Again, our source of inspira-
tion and strength lie in our loyal membership and dedicated officers and staff. We have seen the growth of our Coop through the
years and how we sustained our coop good practices and values. We have built a strong and vibrant people-centered organization
founded on principles of cooperativism. According to the ICA, we have to be unashamedly ambitious in our endeavors.We will strive
to be builder of enterprising communities and a catalyst of social change. We will follow the footsteps of visionary leaders but at the
same time form leaders of men and women of this nation. Let us make a difference in the lives of others.
At present sustainability is not a term that is universally linked with co-operatives. This is what needs to change by 2020. We are
going to position our co-operative as builders of sustainability and be aligned in the Vision 2020 of the International Co-operative
Alliance. The co-operative sector needs to demonstrate persuasively that sustainability is in the core nature of co-operatives, andthat co-operative enterprise creates a positive impact to sustainability.
In conclusion, all our efforts and toil will come to nothing if we do not seek God’s wisdom and understanding. We will continue to
seek His counsel and discern His plan for all of us. May we continue to depend on His strength and ever loving guidance. Let this be
our prayer. Mabuhay ang atong Koop!
Engr. DEAL NOEL D. BENEGRADO
CHIEF EXECUTIVE OFFICER
Engr. PAULINO T. SANCHEZ
BOD CHAIRPERSON
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Weight
Maximum Raw
Score Actual Score Rating
COOP 20%
C 20 20
O 26 26
O 40 39
P 14 14
Total COOP Points 100 99 19.8
PESOS 80%
P 25 22
E 20 16
S 30 24
O 10 10S 15 5
Total PESOS Points 100 77 61.6
COOP-PESOS Total Raw Score
(Cratingx.20
+Pratingx.80) 81.40
Overall Rating 3
___________
Equivalent rating of overall actual raw score:
1 - 96 to 100 Very Good
2 - 90 to 95 Good
3 - 80 to 89 Fair
4 - 70 to 79 Poor
5 - below 70 Very Poor
STANDARD SCORE POINTS
Maximum
EQUIVALENT
POINTS
PORTFOLIO QUALITY
Portfolio at Risk 5 % or less 7.62% 12 15
Allowance for Probable Losses on
Loans (over 365 days) 100% 100.00% 5 5
Allowance for Probable Losses on
Loans (1-12 mos) 35% 35.80% 5 5
EFFICIENCY
Asset Yield At least inflation rate 2.88% 3 4
Operational Self-Sufficiency 120% and above 113.11% 3 4
Rate of Return on Members' Share Higher than inflation rate 3.34% 4 4
Loan Portfolio Profitability More than 20% 24.06% 4 4
Cost Per Peso Loan P 0.10 0.21 0 2
Administrative Efficiency 3%-10% 9.28% 2 2
STABILITY
Solvency At least 110% 111.07% 10 10
Liquidity Not less than 15% 35.75% 10 10
Net Institutional Capital At least 10% 3.41% 4 10
OPERATIONS
Performance of Membership Growth 75%-100% of target 90.00% 5 5
Trend in External Borrowings 0 0.00% 5 5
STRUCTURE OF ASSETS
Asset Quality not more than 5% 14.24% 0 5
Total Deposits/ Total Assets 55%-65% 51.44% 3 5
Total Loans Receivable/ Total Assets 70-80% 57.97% 1 2
Total Members' Share Capital/ Total
Assets 35%-45% 25.87% 1 3
TOTAL 77 100
Prepared by: Approved by:
Loradel B. Pabillar, CPA Engr. Deal Noel D. Benegrado
Accountant Chief Executive Officer
COOP PESOS RATING
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 2
Cluster 1 comprises of the following branches: Tibanga-main, Kiwalan, Poblacion, Manticao and Laguindingan Satellite. Manticao is the mother
branch of Laguindingan satellite which was opened last October 2012. Some of these branches are in rural setting yet very challenging to promote theconcept of Cooperativism.
“If you want to be incrementally better: Be competitive. If you want to be exponentially better: Be cooperative”, a quote which sums up theaccomplishments of Cluster 1. Based on the KRA’s of the branches, Cluster 1 manages to strengthen its “strong areas” particularly in Assets and Savingsgeneration. Cluster 1 has a total membership of almost 12,000. The COOP PESOS is also high except for Manticao Branch which is below 80 percent. Despiteof the low COOP PESOS of Manticao Branch, it isn’t a problem because every obstacle is an opportunity and they are working so hard to recover this in theyear 2013.
All the branches managed to reduce its delinquency rate compared to 2011 operations. Tibanga-main has total investment of 117.4 million. Thenew Kiwalan Branch location is one of the determining factors of its advancement. Poblacion hits the top rank in their COOP PESOS rating. To attract moremembers Poblacion Branch is planning to renovate their office by 2013. Membership growth is in the top list of Manticao Branch as one of the ways toachieve its target for 2013 operation. For Laguindingan satellite, it aims to have positive surplus for 2013 and recruit many members.
Cluster 1 may have allcame from different places, butwe’re in the same boat now.The enduring support of themembers is the reason of thesuccess of our branches.We all dobetter when we work together solet’s continue to hang together toupkeep the MSU- IIT NMPC visionand mission.
We are very grateful to the
support and patronage of ourmembers.
God be with us Cooperators!
D. P. Armecin J. A. Hernandez C. N. Gallo C. A. Lugatiman N. D. Lacastesantos
Satellite Officer-Laguindingan Branch Manager – Manticao Branch Manager – Tibanga Main Branch Manager – Poblacion Branch Manager – Kiwalan
CLUSTER 1
2011 2011 2011 2011
Aud Act Bud % Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %
Assets 376.62 411 402.6 102 25.57 32.1 29.4 109 35.89 40.9 52 78 14.97 20.73 19.07 109 504.73 503.07 100
Deposits 228.87 251.4 244 103 11.62 14.6 15.3 95 16.96 17 26 64 2.93 4.6 3.46 133 287.6 288.76 99
Share Cap. 55.6 60 63 95 9.82 12.1 12.8 94 12.15 15 16 90 5.57 6.58 6.31 104 93.68 98.11 95
Loan Rel. 128.75 143 144 99 40.45 50.8 48 105 48.26 57 66 86 24.53 28.58 43.95 65 279.38 301.95 93
Gross Rev. 33.77 39.2 43 91 6.86 7.4 9.7 76 6.79 7.7 10 75 3.64 3.94 6.5 61 58.24 69.2 84
Exp. 27.02 28.5 32.6 87 3.93 5.4 5.7 93 4.15 5 7 70 3.09 3.7 5.1 73 42.6 50.4 85
Net Surp. 6.75 10.7 10.4 100 2.93 2.45 4 51 2.64 2.7 3.2 86 0.55 0.236 1.4 17 16.086 19 85
Membership 4672 5,048 5,409 93 2407 2,906 3,007 96 2038 2,360 2,636 90 1337 1,592 1,829 87 11,906 12,881 92
PAR (%) 7.12 5.13 8 156 13.01 8.59 10 120 6.39 5.30 7 130 10.41 4.75 8.00 168 5.94 8.25 140
COOP‐ PESOS (%) 74 80 80 100 82 84 82 102 86 87 90 96 77 74 85 90 81 84 96
CONSO
20122012 2012 2012 2012
Tibanga Kiwalan Poblacion Manticao/ Laguindingan
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To all Cluster 2 Members:
The above table shows our strength as one cluster where we have a combined assets of almost 300M, net surplus of more than 20M, total membership of morethan 14K and with a delinquency of less than 8%. The COOP PESOS rating of all branches under this cluster are quite good where almost all got 80 and up rating and two of
them got the highest among branches we have with a score of 90.
The following are performance highlights:
For PALA-O Branch: Able to reach the 2nd century mark on Assets having 211M as of December with 15.1M as Net Surplus. It has almost 8K members and a COOPPESOS rating of 90. It will also celebrate its 10th anniversary this coming February 2013 and will also mark our 1st decade presence as community cooperative.
For BURU-UN Branch: Year 2012 marks a banner year for this branch aside from celebrating its 7th year anniversary, they also transfer to a very nice new areaconducive for the members. They were able to surpass their net surplus target having 2.6M, delinquency of less than 10% being achieved for the first time since2006, and members of almost 3K. They also opened its 2nd Satellite in Bacolod, Lanao del Norte.
For TUBOD Branch: Tubod branch continues to perform extremely well thru the years as shown in their COOP PESOS rating of 90 for the 2nd consecutive year. Theyhave Assets of 34M, net surplus of 2.2M and having the lowest delinquency in the Cluster with only 5.3%. They have almost 3K members.
For SUAREZ Branch: Suarez branch is steadily growing and is now 15M in Assets, almost 2K members and contributing yearly to our net surplus having 1M. It hasalso a COOP PESOS rating of 84.8 that shows their stability and overall good performance. For year 2013, their office will be transferred along the national highwayin barangay tominobo but rest assure that all their members in Suarez will still be served.
For 2013, Cluster 2 is looking forward to improve more on our performance as one cluster and surpassed what we gained last 2012 on all our key result areas. We areenjoining all our members to continue to support our Coopand we are looking forward of your patronage. All of youare the source of our strength and because of you this Coopcontinue to look for ways on how to improve more on ourservices.
Thank you all and God bless us all!
P. G. Mondragon Leila A. Trinidad R. P. Diaz M. B. Baliling A. S. SalesBranch Manager- Buru-un Branch Manager-Suarez COO Branch Manager-Tubod Satellite Officer-Bacolod
CLUSTER 2
2011 2011 2011 2011
Aud Act Bud % Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %
Assets 180.61 211.00 224.51 94 24.99 36.8 32.49 113 27.29 34.1 34.49 99 13.79 15.7 16.29 96 297.62 307.78 97
Deposits 80.08 97.14 99.68 97 12.28 14.94 16.98 88 10.39 12.8 15.39 83 4.49 5.23 5.29 99 130.15 137.34 95
Share
Cap. 46.13 52.21 59.43 88 10.04 13.63 14.64 93 9.53 12.2 12.53 97 4.36 5.31 5.36 99 83.32 91.96 91Loan Rel. 201.39 187.14 210 89 38.96 49.93 45.60 110 49.51 58.9 63.00 93 29.62 30.1 31.2 96 326.03 349.8 93
Gross Rev. 29.51 32.27 32.88 98 6.13 7.70 9.63 80 5.74 6.72 8.00 84 3.24 3.4 5.46 62 50.09 55.97 89
Exp. 12.56 17.10 13.88 123 4.2 5.12 7.44 69 3.41 4.42 4.70 94 2.2 2.6 3.65 71 29.24 29.67 99
Net Surp. 16.95 15.17 19.00 80 1.93 2.61 2.91 90 2.33 2.3 3.30 70 1.04 0.84 1.81 47 20.922 27.02 77
Membership 7,022 7,648 7,521 102 2,043 2,824 2,895 98 1,907 2,275 2,507 91 1,250 1,671 1,718 97 14,418 14,641 98
PAR (%) 8.04 9.59 8.00 83 15.02 8.69 10.00 120 5.29 5.30 7.00 130 8.92 5.70 7.00 168 7.32 8.00 92
COOP‐ PESOS (%) 89.2 90.4 90 100 76.4 78 80 98 90 90 90.00 100 82.4 84.8 85 100 85.8 86.25 99
2012 2012 2012 2012 2012
Palao Buruun/Bacolod Tubod Suarez CONSO
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 2
BULUA BRANCH
The branch has improved its performance by hitting positive and increasing rates against its target. The members continue
to patronize our products and services resulting to improved deposits and capital generations of almost P20 million. Also, because
of the increasing number of members being served, we hired additional two staff for 2012 to support the operations of the branch.
Cogon branch
To the members of the Cogon branch, I am very much grateful for your support and cooperation in making our branch more
profitable than before. I want to also thank our Almighty God for giving us wisdom and blessing.As of now, we are gaining profitsand
we are growing every day despite the challenges we had faced. I am calling the attention of all the members of Cogon branch to help
us remind our delinquent co-members to pay their obligation. This is our business and we have a moral obligation to take good care
of it. Let us make MSU-IIT COOPERATIVE soar high so that we can continue our mission and vision. Regarding our KRAs, please refer
to the table next page. God bless us all and more power. Apil na! Ato kini!
Carmen branch
MSU-IIT MPC Carmen Branch has survived its critical first year of doing business with fairly notable success. The challenge,
however, is not the success and how we had sur vived the year, but on how we are going to overcome the tests that are yet to come.
At the end of 2012, our branch which is barely one (1) year and three (3) months in operation managed to level off the key
figures as far as financial status is concerned. The branch KRA was highlighted with its growing asset with a total of 9,443,210.33;
its share capital ballooned to 3,626,971.75. We were able to hita total revenue of 1,947,632.45. The membership is fairly doing well
with a total member of 1,530 which is 90% of the total target (1,700 members). These figures created a great impact on the triumph
we had on the branch’s first year.
Along with the achievement highlights are some of the areas that need to be improved. The need to further educate our
fellow cooperators and the value of saving for the future is still very evident in relatively low amount of the branch’s deposits, only
hitting 39% versus the target savings generation of the year. The branch’s loan releases have yet to pick up with the total releases of
only 22,398,197.30, hitting only 66.85% of the year’s target. This is very crucial in the profitability standards of the coop business.
Despite the branch’s circumspection in releasing loans to our valued members, the branch’s swelling delinquency rate of 8.9% is
somewhat inevitable. In order not to aggravate the delinquency ratio, we are currently implementing necessary collection measuresand we are devising ways and means to maintain a healthy loan portfolio.
As we are trying our best to uphold our coop’s vision and aspirations, we tried more than our best not to compromise our
members’ welfare because the members’ satisfaction remains our top priority. As we continue to do and hope for the best in the
coming days, we will try to exceed our performance in the previous year. We are thankful for the unceasing support and cooperation
of our ever loyal members because, without them,the cooperative cannot be spelled out right.
Puerto Branch
The 14th branch of MSU – IIT MPC was opened last January 12, 2012 in a promising and strategic place, where it’s posi-
tioned at the heart of Barangay Puerto, Cagayan de Oro City. And, almost a year of hard work, sacrifices and dedication of the staff
and its members, the newly opened branch was able to hit some of the targets set by the top management in 2012. As the MSU – IIT
MPC Puerto Branch embraces the opening of the year 2013 (“year of the water snake”), we are very much optimistic that it will boostits operations and membership this year in terms of the required 2013 targets set by the Top Management with the guidance of our
VMG and our Heavenly Father above.
Together, we are stronger!
CLUSTER 3
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Analysis:
The Cagayan cluster or cluster three was able to survive inspite of the close competition. If you survey Cagayan De Oro, it is composed of differentbig cooperatives but, because of our products and services offered to our members, we have grown vastly. Let us breakdown the status of the four branches.
The strong points of Bulua branch are its assets, deposits, share capital and net surplus considering its 5-year existence. The second branch is Cogon branch. Its
strengths are its membership, net surplus and loan releases. It has survived for 3 years. The third one is the Carmen branch. Its advantages are its membership,
deposits and loan releases regardless of its 2 years in operation. Last but not the least is the Puerto branch. Its inclinations are membership and delinquency
notwithstanding its one year of existence.
I want to acknowledge the joint and collaborative efforts of the managers, staff and the members of Cluster 3. Without them, everything won’t be
possible. Thank you and God bless!
R.T Claro M. M. Sabando D. M. N. Impuesto R. V. T. Manzano
Branch Manager – Puerto Branch Manager – Carmen Branch Manager – Bulua Branch Manager – Cogon
CLUSTER 3
2011 2011 2011 2011
Aud Act Bud % Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %
Assets 21.28 26.44 30.28 87 18.37 23.82 26.37 90 3.9 9.44 11.40 83 7.49 10 75 67.19 78.05 86
Deposits 9.71 10.87 13.71 79 5.19 6.95 11.49 60 0.72 2.2 5.52 40 1.49 3 50 21.51 33.72 64
Share
Cap. 7.13 9.24 9.12 101 5.9 8.86 10.20 87 0.78 3.63 4.78 76 2.27 2 114 24 26.1 92Loan Rel. 40.22 51.65 50 103 44.12 51.45 50.00 103 4.47 22.4 30.00 75 15.5 18 86 141.01 148 95
Gross Rev. 4.45 6.03 6.9 87 4.21 5.67 5.43 104 0.33 1.95 2.54 77 1.49 1.28 116 15.14 16.15 94
Exp. 4.38 5.56 6.1 91 4.04 5.25 4.74 111 0.92 3.06 3.24 94 2.95 2.32 127 16.82 16.4 103
Net Surp. 0.70 0.47 0.80 59 0.17 0.42 0.70 60 ‐0.59 ‐1.11 ‐0.70 159 ‐1.46 1.04 ‐140 ‐1.68 1.84 ‐91
Membership 1,702 2,531 2,302 110 2,038 2,702 1,200 225 504 1,530 1,740 88 1,318 1,704 77 8,081 6,946 116
PAR (%) 8.94 8.49 7.00 82 7.05 9.21 7.00 76 8.98 2.50 28 1.32 2.50 189 7.00 4.75 68
COOP‐ PESOS (%) 65.20 62 75 83 63.6 63 70 90 58 60.00 97 50.8 60 58.4 66.25 88
2012 2012 2012 2012 2012
Bulua Cogon Carmen Puerto CONSO
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 2
Our warmest cooperative greetings to all the members of MSU-IIT Multi-Purpose Cooperative especially those belonging to Cluster 4.
CLUSTER 4 comprises the MARANDING, TUBOD LDN and PAGADIAN BRANCHES. It has been five(5) years ago that our coop made its landmark in Lanao delNorte through the opening of its first branch at Maranding, the town center of Lala, Lanao del Norte last July 18, 2007 and another office at Poblacion,Tubod,
the capital town of Lanao del Norte last January 8, 2011. And last August 18, 2012 our Coop opened a new branch at Pagadian City, the capital city ofZamboanga del Sur.
As of December 2012, Cluster Four performance is briefly described below.
Adding the figures of the branches, our cluster has been able to generate P9.20M deposits and P 13.36M capital from members. We have helped our memberswhen they needed funds through our loan releases total of P82.5M for the whole year or P6.87M loans per month. Although part of loans is risk, we havebeen able to manage the total por tfolio at risk (PAR) of 13%. Tubod, LDN and Pagadian Branch are still on negative net surplus as of December 2012, for theyare still recovering their organizational costs.
Maranding Branch has recently transferred its office location which is approximately 500 meters away from their old office that has contributed to aconsiderable increase in its membership and is gearing up improving its deposits generation.
In order for us to serve you at its best, this 2013 we commit to provide you with more number of quality members, 100% effective customer service, well-controlled loan management, and highly conducive savings generation. With these, together with you, we would be able to hit the mark and bring theCluster Four to its full potential.
In behalf of the CLUSTER FOUR Branches, we sincerely thank you for being one with us. We continually pray for your unwavering support and trust and thatmay we be able to serve the cooperative’s purpose of improving the members’ individual lives.
May God bless us all!
M. A. DIAZ J. T. PLARIZA M. F. C. SAGALES Branch Manager-Maranding Satellite Officer-Tubod,LDN Officer-In-Charge-Pagadian
CLUSTER 4
2011 2011 2011
Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %
Assets 28.73 33.49 37.27 90 5.28 10.35 9.74 106.00 2.83 3.40 83 46.67 50.41 93
Deposits 5.31 6.35 11.04 58 1.14 2.48 3.31 75.00 0.37 1.00 37 9.201 15.35 60
Share Cap. 7.67 9.92 12 83 1.41 3.13 4.46 70.00 0.31 0.67 46 13.355 17.13 78
Loan Rel. 56.97 58.23 66.6 87 10.05 22.67 26.00 87.00 1.59 6.00 27 82.492 98.60 84
Gross Rev. 6.13 7.76 9.07 86 0.83 2.09 3.02 69.00 0.12 0.41 28 9.96594 12.50 80
Exp. 6.17 7.02 7.84 90 1.52 2.4 3.02 80.00 0.92 0.73 126 10.339 11.59 94
Net Surp. -0.04 0.74 1.23 60 -0.69 -0.31 -0.001 -310 -0.8 -0.32 39 -0.37 0.91 -41
Membership 1,668 2,079 1,980 105 544 945 1,384 68.00 189 500 38 3,213 3,864 83
PAR (%) 22.24 16 10 63 0.88 4 2 50 0.06 0.00 0 5.02 3.00 60COOP- PESOS (%) 62 66 75 88 62 60 75 80 42 50 84
2012 2012 2012 2012
Maranding Tubod LDN Pagadian CONSO
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It i s with great pride and honor to presentour 2012 accomplishments. It has been ninemonths since our opening and our branchhas showed fast growth. Our success was
contributed by the overwhelming positiveresponse of the Butuanons. We have morethan doubled our target membershipwherein we have a compliance of 236%.Because of our high membership, we havealso surpassed our target share capitaldeposits which indicated our members’commitment to our coop. Although we havereached our gross revenues, we are still short of about 22% of our target net surplus due to our slightly high expenses which can be attributed to our aggressivepromotional activities. Other areas such as total assets, deposits, loan releases and COOP-PESOS were almost reached. As much as we are hitting most of ourtargets, we have a higher delinquency rate against our target. Although, it is tolerable and within international standards; management and staff has beendoing its best in taking measures to monitor all these accounts, and we even give barangay summon letters to members who does not respond to our follow
ups. We are appealing to our members to pay their loan obligations on time. Together, we will stop or at least minimize delinquency.
In spite of these achievements, the branch’s staff consistently work hard to even multiply these successes as our first year anniversary approaches.On behalf of JC Aquino staff, we would like to extend our heartfelt gratitude to our dear members for your valuable support and continuous confidence to MSU-IIT MPC. We look forward to another prolific 2013.
MSU-IIT MPC Butuan- J.C. Aquino Branch successfully opened last March 8, 2012. Its continued success paved the way to open a second branch in Butuan City. TheManagement chose to open Butuan’s second branch in Langihan. This is the place in Butuan City where its wet market, “taboan”, small and medium grocery stores, furniturestores, appliance stores, and several other income generating establishments are located.
MSU-IIT MPC-Langihan Branch was officially opened last October 18, 2012. It was attended by the Coop’s Management Committee headed by the CEO, Engr. DealNoel D. Benegrado and COO, Mr. Renan P. Diaz. The branch was softly opened one month before its grand opening. Several members were also invited along with the othersthat are interested to join the cooperative. The opening ceremony started with a motorcade participated by the ManCom, J.C. Aquino and Langihan Branch staff and some ofthe members of the newly opened branch. The motorcade was followed with a fun and short program. Speeches from the CEO, Member of the BOD Ms. Nina Flor B. Bataraand some of the members of Langihan Branch was heard to inspire Langihan Team and its members.
The table below will show how the newly opened branch had run its operation three months later its opening. Since a lot of cooperatives and micro-financeinstitutions are operating in Butuan City and Langihan Branch is just starting, the Team rigidly conduct PMES on site and in the office. To date, the branch has 331 activemembers and with zero delinquency from the borrower-members. The Team continually do its massive membership recruitment through visiting establishments in the area,
one on one talk with prospect members and visibility in the area (minor sponsor in a chosen event in the city).
Reported by:
Shergie B. Oclarit Jonathan F. Silvosa
Branch OIC Branch OIC
MSU-IIT MPC – JC AQUINO MSU-IIT MPC – Langihan
CLUSTER 5
Act Bud % Act Bud % Act Bud %
Assets 8.21 10 82 3.30 2.63 125 11.51 12.63 91
Deposits 2.75 3 92 0.57 0.75 76 3.32 3.75 89
Share Cap. 2.60 2 130 0.60 0.50 120 3.2 2.5 128
Loan Rel. 14.96 18 83 4.18 6.00 70 19.14 24 80Gross Rev. 1.28 1.24 103 0.17 0.31 55 1.45 1.55 94
Exp. 2.58 7.02 37 0.54 0.55 98 3.12 7.57 41
Net Surp. -1.30 -5.78 129 -0.37 -0.240 65 -1.67 -6.020 28
Membership 1,415 600 236 256 200 128 1,671 800 209
PAR (%) 4.47 2 -224% 0.00 2 100 1.12 1.00 89
COOP- PESOS (%) 62 60 103 53.60 62 86 38.53 40.67 95
JC Aquino Langihan CONSO
2012 2012 2012
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 2
A. High School
• English : J-roel B. Semila
• Math : Mechu Charity T. Colot
• Science : Chris T. Sagarino
: Paul Patrick L. Guanzon
• Filipino : Mirasol S. Miquiabas
1. Differentiated Instruction 102: The Differentiated Teaching Strategies & Assessments at Lyceum College, Iligan City last February 16, 2013
• Administrator : Alethea Barbra B. Balag
• English :J-roel B. Semilla
• Math :Mechu Charity T. Colot
• Science :Joanna Lou A. Layar and paul Patrick L. Guanzon
• Filipino :Mirasol S. Miquiabas
In addition, teachers of MSU-IIT Coop Academy have upgraded their educational qualifications by enrolling to master’s degree program.
Data below shows the percentage of their professional growth. With the support of the management, Coop Academy is looking forward for more
accomplishments to both students and faculty.
God bless us all.
Ms. Hazel Bliss G. Mediodia
Principal
MSU-IIT COOP ACADEMY The MSU-IIT Coop Academy is continually upholding its quality education. In fact, our students had participated in several competitions for their exposure and development. The table below
shows the events they had joined in.
Dates Competitions /Activities Awards/ Recognition
Sept. 7 – 9, 2012 CINEMO 2 Short Film Festival 2012 • Special Citation
• Most Likes in Facebook
• Male Star of the Night
• Female Star of the Night
Sept. 6 – 7 ,2012 Division Schools Press Conference•
4th
Place Secondary Feature Writing English CategorySept. 6 – 7 , 2012 Division Schools Press Conference • Best in Infomecial Secondary Radio Broadcasting Filipino
Category
Sept. 17, 2012 Histolympiad 2012 • 2nd Runner - Up (1st Group)
• And Finalist (2nd Group)Oct. 13, 2012 YAPIS • Champion Sabayang Pagbigkas
• 1st Runner –Up Storytelling
• 2nd Runner - Up Quiz BeAugust 4, 2012 University of the Philippines College Admission
Test (UPCAT)
• Binladin Ali Balt – passer with any Degree program
available
September 2012 IDS Entrance Exam • Top 23 passer – Andrei L. Tan
• Passer – Alinor H, LautSeptember 2021 MSU-System Admission Scholarship Exam
(MSU-SASE)
• 67% passers
• Top 16 Passer - Binladin Ali Balt
January 24, 2013 Press Conference Regional Level • Participant
Moreover, the faculty of MSU-IIT Coop Academy are dynamic and enthusiastic to teach further, extending beyond their teaching job as a proof of their passion to teaching. As for
their development, the management had sent them to seminars in relation to teaching to sustain quality education. Below are the participants who attended the seminars.
1. Seminar Workshop on Formative Assessment at Capitol University, Cagayan de Oro City on January 12, 2013
• Agnes B. Gebone
• Hazel Mae B. Ongue
• Marylene A. Kinilitan
• Janice C. Pitogo
• Mechu Charity T. Colot
2. DepEd Memo on Reorganizational Meeting of private School last January 24, 2013
• Hazel Bliss G. Mediodia
3. 2nd Congress Private Schools Administrators and Operators at Pearlmont Hotel, Cagayan
de Oro last January 30, 2013
• Hazel Bliss G. Mediodia
• Linn Antonette L. Longgakit
4. K to 12 Rationale and Transition: Curriculum Instruction, Assessment at Liceo de Cagayan
University Last February 9, 2013
A. Administrator : Linn Antonette L. Longgakit
B. Elementary
• English : Libly T. Generaole
• Math : Mark Anthony L. Arceo
• Science : Hazel Mae B. Ongue
: Joanna Lou A. Layar
• Soc. Studies: Marylene A. Kinilitan
PreSchool
Elementary
High School
0
20
40
60
80
100
LET PASSER Masters Program (wiht
Units)
Seminars Attended
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2012 Year End Report
The establishment of Coop Life Assurance Center in MSU-IIT MPC was just one of the strategies of CLIMBS with the intention of bringing CLIMBS’ services closer to as many
coop members as possible. MSU-IIT MPC is in the right track in partnering with CLIMBS in its insurance. In fact, our Assurance Center contributed a lot not only to our members
but to the coop itself. To prove this, we are posting areas with positive fallout, thus:
Revenue
Gross premium --------------------------------P 20,165,682.65
Commission Income--------------------------- 4,532,338.31
Int. Income from deposited investment---- 293,298.38
Total Revenue----------------------------------- 5,443,922.19
Total Expenses -------------------------------------------- 1,867,431.12
Net Surplus ------------------------------------------------ 3,576,491.07
Investment ------------------------------------------------ 995,536.27
Total Asset ------------------------------------------------ 13,659,741.80
Other areas:
On Claims
Fast processing of claims
Deceased clients/insured whose deaths are contestable were given an Ex-gratia proceeds considering that they are coop members
On Products
New products which are low-cost are introduced (Coop Aksi)
Introduction of Non-life Products (Fire/Motor Car/Surety Bond)
Hasty response on queries
Installation of system (Policy Issuance)
In behalf of the MSU-IIT MPC and Coop Life Assurance Center, we would like to thank our members/clients for their continued
support and patronage on our products and services. May this year 2013 will bring the best in all of us. God bless us all!
Jorge G. Cloa
CLAC/Coop Care Manager
COOP LIFE ASSURANCE CENTER
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 3
COOP CAREYear-end Report of 2012
Our COOP CARE is now on its 2nd year in rendering health services to our members. Plushealth as one of the components of itsservices have 9,604 enrollees. Three Hundred Eighty Eight (388) of which were able to avail the In-patient benefits and 500 membershave availed the laboratory package. So far, the operation of the COOP CARE is doing well. We have one (1) fulltime staff and two (2)doctors (MD) as our Gatekeepers. For outside Iligan City Branches, we refund their consultation fees in the amount of Two Hundred FiftyPesos Only (Php250.00) per availment (limited to 3 consultations including their dependents). We also added one declared dependentto avail the Five Hundred Pesos (P500.00) per day for in-patient for a maximum of six (6) days or P 6,000.00.
In I-GROUP, the management is proud to say that for 3 years, our partnership with Philhealth is going on stronger. We are muchthankful to the management of Philhealth who give chance to the members of MSU-IIT MPC to avail their special program. From Januaryto September 2012, there were 178 members who were able to avail the hospital benefit under the I-Group. As of December, 2012 we
already have 1, 502 enrollees. Management is working hard to increase the enrollment to 2, 450 so that we can avail the lock-in and alsoavail contribution discount and be classified as “GOLD” I-Group.
For the Healthy Life Program Component (HLP), COOP CARE have conducted the 1 st MSU-IIT MPC FUN RUN (open category) lastOctober 14, 2012 5:00 o’clock in the morning. There were 1,200 participants from the different categories. The management of the COOPCARE has planned to conduct yearly activity for the wellness of the members.
With the positive impact and satisfying result of the program the management encourages the members who are not yetenrolled in COOP CARE to avail these special services of the coop.
Thank you very much.
Cooperatively yours,
Prof. JORGE G. CLOA
CLAC/COOP CARE MANAGER
Noted by:
Engr. Roberto E. Salarza Ms. Niña Flor Batara
COOP CARE Oversee COOP CARE Oversee
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Dear Fellow Cooperators,
The Audit Committee and Internal Audit Team hand in hand conscientiously carried out our respective duties and responsibilities to safeguard the members’interest in the Cooperative.
A. Internal Audit Unit
The Internal Audit Unit , composed of Internal Auditors - Ms. Berlyn O. Molina, CPA and Ms. Charlotte G. Interone, CPA, has conducted audit fieldwork to fifteen (
15 ) branches on Liabilities and Owners’ Equity.
B. Audit Committee
B. 1 Evaluation of Internal Audit Unit
As the supervising body of the Internal Audit Unit, the Audit Committee evaluated the unit’s performance after a year of existence. The Committee made
recommendations to the Board of Directors for the recruitment of additional three ( 3 ) internal auditors and appointment of Audit Head from the existing audit team which
will make unit with a Audit Head and four internal auditors who will be assigned to the different clusters to respond to the increasing number of branches of the Cooperative.
The Committee also recommended for an exclusive room for Internal Audit Team where documents / records / files can be safely kept and their access be limited to
internal auditors only.
B.2 Directors, Officers, Staff and Related Interests (DOSRI) Accounts
The Committee conducted regular examination on the accounts and close monitoring on their movements. Loan release and collection policies were reviewed to
determine if properly implemented. Appropriate recommendations were made for management implementation to secure the loans receivables.
B.3 AUDIT TRAINING
The Audit Committee, Internal Audit Team and Ms. Loradel B. Pabillar, Accountant, attended the Audit Training on December 27-28, 2012 at MSU-IIT MPC Head
Office. Resource speaker was Ms. Sharon Marie Dy of Education, Training and Consultancy of NATCCO. It was designed to orient current audit practices and procedures for
cooperatives, internal controls and techniques in detecting frauds . The two-day training has been very helpful for the teams to formulate controls.
Our heartfelt gratitude to all of you for your faith as guardian of your interest. May God bless us always!
AUDIT COMMITTEE REPORT
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 3
“We can never get a re-creation of community and heal our society without giving our citizens a sense of belonging.” (Patch Adams) Our dear MSU-IIT NMPC is not
only concerned with its members but also to the entire community we partake. Together with the growth of our cooperative, the CCSR was tasked to ensure that even
the community would be benefited through gearing it toward upliftment. Presented below are the trainings and seminars undertaken by the community for the past
year.
MSU-IIT-NMPC’s LISTS OF TRAININGS CONDUCTED/FACILITATED/ASSISTED FOR 2012
In coordination with DTI, CDLO, & CAgO, Iligan City(Submitted by: Maria Lourdes S. Sabido-Tiongco)
DATES CONDUCTED TITLE OF TRAININGS PARTICIPANTS/VENUE
MAY 28-30, 2012 ART OF FLOWER ARRANGEMENT AND Cryslal Inn, San Miguel,
ENTREPRENEURSHIP Iligan City to Sendong Survivors
JUNE 05, 2012 SEMINAR WORKSHOP ON ENTREPRENEURSHIP Bgy Hall, Hinaplanon, I.C.
DEVELOPMENT & BEST GAME for Sendong Survivors
AUG. 9, 2012 Bangus Deboning & Noodle Making ALS-Mahayahay, Iligan City
SEPT. 18-19, 2012 TECHNOLOGY TRANSFER TRAINING ON WATER RIC Kabacsanan,
HYACINTH AND ABACA FIBER SHEET, ROPE MAKING Suarez, & Palao
AND PRODUCT DEVELOPMENT
OCT. 23-24, 2012 SKILLS TRAINING ON KAKANIN FOOD PROCESSING, Sta. Filomena
PRICING AND COSTING AND GOOD MANUFACTURING Cooking Women
PRACTICES Asso.
NOV. 27-29, 2012 OTOP PRODUCT DEVELOPMENT-ABACA FIBER Kabacsanan, Tubod,
CARPET /RUG MAKING TRAINING Ditucalan, Sta. Filomena
NOV. 29, 2012 SEMINAR ON GENDER EQUALITY/GENDER Food Processors,
INTEGRATION IN THE WORKPLACE PABAHANDI, IAHA
The MSU-IIT NMPC thru CCSR and Gender Committee in coordination with the Department of Trade and Industry, Cooperative Development & Livelihood Office
of Iligan City conducted the above listed trainings, seminar –workshops to different participants, like Sendong survivors, food processors and handicraft makers of Iligan
City.
Per training was participated by around 15-20 participants both male and female. The facilitators make sure that after each skills training, the participants were
also taught on how to start their own businesses, identify business opportunities and assess their personal entrepreneurial competencies. The trainings also helped the
participants learn and understand how the business operates through the BEST Game Module.
In general, the participants were so happy and rated each training/seminar/workshop excellent for they really learned a lot as indicated in the evaluation sheet
they submitted. Per monitoring conducted by DTI and CDLO, 90 percent of the beneficiaries continued their businesses at present.
By God’s will and your continuous support, the Committee on Cooperative Social Responsibility will continue
its advocacy in creating positive impact and sustainable development into the community.
COMMITTEE ON COOPERATIVE SOCIAL RESPONSIBILITY REPORT
Ermilinda Tobias, Ph.D.
Director, CSR Chair
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MSU-IIT MPC Pakigsayud2013 2013 Annual Representative Assembly
Committees
4
Relief
Operations
Fish CageProject
Disaster Response Forums
Bayug Island AcquaintancePark (A Proposal)
Tree
Growing
Trainings
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 3
Dear COOP members:
The year 2012 was declared by the United Nations as the International Year of Cooperatives. Our COOP four cluster assemblies
last September 15, 22, and October 6, 13, 2012 adopted the theme “COOPERATIVE ENTERPRISES BUILD A BETTER WORLD”. For
the year 2013, our COOP adopted the theme ”GROWING SOCIAL ENTERPRISES, BUILDING COMMUNITIES”. This is in support of
the 2012 theme and is MSU-IIT NMPC’s way of keeping our COOP relevant to the needs of our members and the community as
embodied in our 5-year strategic plans for 2012-2016.
The activities of EDCOM for the whole year 2012 supported the education and training needs of all stakeholders in our COOP
in line with the above-mentioned theme. Seminar-workshops were conducted on “Leadership & Good Governance” for those
aspiring to elective positions in our COOP; and the “Cooperative Leadership and Role of Branch Council Officers” for those newly
elected members of the BOD and members of the branch council in order to orient them their respective roles as officers. The
“COOP PMES Trainors Training & Workshop” was also conducted for our MDO’s (Member Development Officers) so that there
will be a common/uniform format and contents in the conduct of our Pre-Membership Education for all branches in support of
our branching strategies. In these workshops, we have included some concepts on whole brain thinking and leadership so that
our leaders will be able to relate more fully to the various needs of the members of our COOP. There is also the need to continue
with the conduct of the “Financial Literacy Seminar” for the members of our COOP staff as well as the general membership.
EDCOM also recommended some changes in the contents of the mid-year issue of the PAKIGSAYUD. EDCOM suggested that themid-year / cluster assembly issue of the PAKIGSAYUD should include only operational accomplishments of the head office (CEO& BOD Chair reports), its branches, & allied services, except HOUSING with its on-going coop housing project for the members.The reports of the branch managers should be also done on a Cluster basis. Other committee reports of EDCOM, ELECOM,AUDIT, GENDER, YOUTH, CSR, GOVERNANCE, and FINANCE & INVESTMENT are to be reported in the ARA PAKIGSAYUD.
EDCOM also proposed to the BOD some revisions in the policy guidelines regarding attendance of COOP officers in the annualgeneral assembly of the various apex federations such as NATCCO, MASS-SPECC, CLIMBS, CUIC. EDCOM also made policyrecommendations in the annual Lakbay-Aral of COOP staff members so as not to sacrifice the day-to-day operations of the
COOP.
EDUCATION COMMITTEE REPORT
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MSU-IIT MULTI-PURPOSE COOPERATIVE
Summary of Trainings/Seminars/Conferences Aended by Ocers, Management, and Members
JANUARY – DECEMBER 2012
Date Venue Activity Participants
January 11-13, 2012 Cagayan de Oro City Managing Liquid Funds in
Uncertain Times
Rodolfo B. Trinidad and Renan P. Diaz
January 13, 2012 Cagayan de Oro City PEF and NATCCO Forum on Mak-
ing Coop Climate Smart
Charisma A. Lugatiman
January 18-20, 2012 Cagayan de Oro City MASS-SPECC Leadership and
Values Orientation Course
Nora A. Clar and Deal Noel D. Benegrado
March 9, 2012 Cagayan de Oro City MASS-SPECC Ownership Meeting Rommel Vincent T. Manzano, Donna Marcelle D. Impuesto,
Michelle M. Sabando and Rommel T. ClaroMarch 10, 2012 Cagayan de Oro City 1-Koop Mindanao Forum Paulino T. Sanchez, Renan P. Diaz, Mercy B. Baliling, Rommel
Vincent T. Manzano, Donna Marcelle D. Impuesto, Michelle M.
Sabando and Rommel T. Claro
March 14-17, 2012 Davao City Gender Equality Training Jorge G. Cloa, Renan P. Diaz, Ana B. Flores and Yani A. Jimenez
March 28 – April 1, 2012 Cagayan de Oro City MASS-SPECC Leadership Youth
Camp
Marie Antoinettee C. Roxas and Johanna Carla T. Pelayre
April 23-26, 2012 Manila Annual Convention of Philippine
Association of Secretaries and
Admin Professionals
Yani A. Jimenez
April 15, 2012 Cagayan de Oro City CUIC General Assembly Paulino T. Sanchez, Niña Flor B. Batara, Ludivina G. Carbonell,
Teodula O. Rivera, Ermelinda G. Tobias, Luz G. Galda and DealNoel D. Benegrado
April 18-21, 2012 Cagayan de Oro City Training of Trainers on Develop-
ing Co-operators
Paulino T. Sanchez, Rodolfo B. Trinidad and Deal Noel D. Bene-
grado
April 25-28, 2012 Cebu City CLIMBS Annual General As-
sembly
Paulino T. Sanchez, Niña Flor B. Batara, Eufemio L. Calio, Wilfredo
A. Dimamay, Maria Lourdes S. Tiongco, Rodolfo B. Trinidad, Jorge
G. Cloa, Deal Noel D. Benegrado, Mae A. Diaz, Joanne T. Plariza,
Michelle M. Sabando, Rommel T. Claro and Shergie B. Oclarit
April 27, 2012 Cagayan de Oro City Micro Insurance Seminar Jorge G. Cloa and Renan P. Diaz
May 3-6, 2012 Davao City MASS-SPECC General Assembly Paulino T. Sanchez, Niña Flor B. Batara, Eufemio L. Calio, Ludivina
G. Carbonell, Ricardo C. Enguito, Marie Antoinettee C. Roxas,
Rodolfo B. Trinidad, Nora A. Clar, Cheryl C. Encabo, Aida S. Cortes,
Aileen Ramilo, Johanna Carla T. Pelayre, Deal Noel D. Benegrado,
Renan P. Diaz, Ana B. Flores, Philip Garry C. Modnragon, Rommel
Vincent T. Manzano, Donna Marcelle D. Impuesto and Ian N.
Aleman
May 21-23, 2012 Cagayan de Oro City CLIMBS Life and Non-Life Insur-
ance Training
Jingle Anne M. Monsubre and Kena Cresencio A. Ewican
May 22-26, 2012 Cebu City NATCCO Youth Congress Marie Antoinettee C. Roxas and Johanna Carla T. Pelayre
May 23-27, 2012 Cebu City NATCCO Annual National Forum Rodolfo B. Trinidad
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 3
May 24-28, 2012 Cebu City NATCCO General Assembly Roberto E. Salarza, Wilfredo A. Dimamay, Nora A. Clar, Roberto
AU Dangkulos, Atty. Earl Charito J. Ruelo, Luz G. Galda, Evelyn
S. Basa, Lea Alagar, Deal Noel D. Benegrado, Carmelita N. G allo,
Nestor D. Lacastesantos Jr., Mercy B. Baliling, Charisma A. Lugati-
man, Janet A. Hernandez, Leila A. Trinidad and Beatriz L. Caliso
May 31 – June 1, 2012 Cagayan de Oro City CLIMBS Institute for Financial
Literacy Course
Paulino T. Sanchez and Deal Noel D. Benegrado
June 6-9, 2012 Cebu City AWCF Meeting Ludivina G. Carbonell and Ana B. Flores
June 7-9, 2012 Cagayan de Oro City MASS-SPECC Developing Co-
operators Course
Roberto E. Salarza, Rodolfo B. Trinidad, Dominico B. Jumawid Jr.
and Janet A. Hernandez
June 9-12, 2012 Camiguin CYP 2nd Youth Leadership Train-
ing
Marie Antoinettee C. Roxas and Johanna Carla T. Pelayre
June 21-23, 2012 Bukidnon MASS-SPECC 4th Annual Clubs
Summit
MSU-IIT MPC Employees
June 22-23, 2012 Cagayan de Oro City Joint BOD and Managers’ Forum Paulino T. Sanchez, Rodolfo B. Trinidad, and Deal Noel D. Bene-
gradoJune 27-29, 2012 Cagayan de Oro City CLIMBS’ Fourth Course of General
Managers’ Training
Deal Noel D. Benegrado
July 7, 2012 Cagayan de Oro City AASHPI-Northern Mindanao
Meeting cum Learning Session
Hazel Bliss G. Mediodia and Abegail F. Yamba
July 17, 2012 Cagayan de Oro City Cooperative Regional Conference Paulino T. Sanchez and Deal Noel D. Benegrado
July 18, 2012 Cagayan de Oro City WSI and Dataworld IT Caravan Aldie P. Alia
July 19, 2012 Iligan City Tax Forum Loradel B. Pabillar, Berlyn P. Molina, Charlotte G. Interone, Liza
Lorraine A. Cabasan, Lydia B. Borces, Niña M. Serbo, Marly N.
Burlat, Amellie J. Ceniza, Arien D. Ang-ug, Adrian S. Basa and
Janice E. Alvarado
July 19-20, 2012 Quezon City NATCCO Central Fund Meeting Deal Noel D. Benegrado
July 22-27, 2012 Vigan and Antipolo Cities NAPC Third Quarter Meeting and
AWCF Monitoring Forum
Deal Noel D. Benegrado
July 24-27, 2012 Antipolo City AWCF Monitoring Forum Teodula O. Rivera
August 10, 2012 Cagayan de Oro City PICPA Forum on Common Errors
of Accountants in the field of
Taxation
Loradel B. Pabillar, Berlyn P. Molina, Charlotte G. Interone and
Niña M. Serbo
August 10, 2012 Cagayan de Oro City 1 Koop Mindanao Meeting Paulino T. Sanchez and Deal Noel D. Benegrado
August 12-16, 2012 Antipolo City Becoming Whole Brain Leaders
Series 1
Paulino T. Sanchez, Roberto E. Salarza and Deal Noel D. Bene-
grado
August 29, 2012 Iligan City Customer Intimacy as strategyfor Service Excellence
Jessel Mae E. Mahinay
September 3-9, 2012 Manila ACCU Forum Nora A. Clar
September 6-9, 2012 Manila ACCU Forum Roberto E. Salarza, Deal Noel D. Benegrado, Rizalee T. Mesias and
Aiza Fe M. Daleon
September 15-16, 2012 Cagayan de Oro City CYP Representative Meeting Marie Antoinettee C. Roxas and Johanna Carla T. Pelayre
October 5-16, 2012 Quebec, Canada International Youth Forum Marie Antoinettee C. Roxas
October 10-12, 2012 Cagayan de Oro City 11th National Coop Summit Ermelinda G. Tobias, Deal Noel D. Benegrado, Renan P. Diaz,
Aileen Grace Ramilo and Restituto Abuan
October 13, 2012 Cagayan de Oro City Signature Identification and
Fraud Detection
Ma. Sylvie J. Besario, Antonietta L. Yusuf and Mae Desiree L. Luste
EDUCATION COMMITTEE REPORT
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 3
I. Total number of Members in Good Standing (MIGS) as of September 30, 2012 from all branches of MSU-IIT NMPC was 18,943. We randomly selected
at least 10% of MIGS from each branches during Branch Cluster Assembly. A total of 1,900 ARA Representative were randomly selected for the Annual
Representative Assembly on March 23, 2013.
II. The Constitutional Election for Board of Directors, Committees and Branch Council Officers will be on March 11-14, 2013. As per BOD Resolution No. 6932-
121812 the number of seats for ELECOM and SUPCOM were increased from three(3) to five(5) seats. The following are the qualified candidates:
Board Of Directors
Faculty Sector Staf Sector Community Sector
1. Nora A. Clar
2. Gilbert B. Cagaanan
3. Ramon C. Ferraris
4. Roberto E. Salarza
5. Ermelinda G. Tobias
1. Wilfredo A. Dimamay
2. Michael Alain J. Mamauag
3. Susan D. Positos
4. Emmanuel C. Villanueva
1. Ruby G. Abragan
2. Jajji F. Actub
3. Emma A. Nieva
4. Rodolfo B. Trinidad
III. Constitutional Committees
ELECOM SUPCOM
1. Elmer G. Borling
2. Cherry Flor A. Clitar
3. Cheryl Cabili Encabo
4. Jingle B. Magallanes
5. Myrna S. Mahinay
6. Odyssa Natividad M. Molo
7. Ofelia M. Japzon
8. Alex G. Palomares
9. Josefina C. Omero
10. Emma P. Yecla
1. Myrna P. Calo
2. Ludivina G. Carbonell
3. Roly Ann A. Claro
4. Luz G. Galda
5. Anneth U. Lapojapo
6. Juliet C. TeroBranch Council Ocers
Tibanga Branch
1. Joel A. Barrera
2. Allan P. Bicada
3. Marc T. Claro
4. Ernesto E. Empig
5. Lowell D. Pamatong
6. Muhammad M. Puting
7. Roque B. Requino
Palao
1. Elizabeth L. Edmilao
2. Suprima B. Opada
3. Jim D. Pineda
4. Rebecca I. Tocson
5. Beverly Anne S. Widmaier
6. Fe Magallon
Manticao
1. Aida J. Alavanza
2. Ediza E. Baang
3. Anne M. Bacadon
4. Raul R. Ledesma
5. Jose P. Padin
6. Marfelie A. Revelo
Buruun (3 Slots)
1. Florita R. Alcover
2. Fe J. Cagaanan
3. Adelina P. Delos Reyes
4. Vincent A. Sarol
5. Lovella D. Tomarong
Suarez
1. Lorna P. Dailisan
2. Milagros L. Otero
Carmen
1. Nenette L. Dumasis
2.Chona D. Figueroa
Bulua
1. Rosenda M. Bonilla
2. Reynaldo E. Ostique
Puerto
1. Alvin Dave L. Go
2. Ma. Rhiza M. Miquiabas
Cogon
1. Concha D. Baylosis
2. Priscilla R. Cablinda
3. Geraldine S. Ederango
Tubod (Iligan)
1.Amparo C. Encabo
2.Teresa B. Paclibar
3.Sirikit M. Rojo
Maranding
1. Juan C. Mangcao
2. Haida S. Nopon
3. Marites G. Procianos
4. Meriam L. Yap
Poblacion
1. Beverly E. Bulawin
2.Liza B. Elnas
3. Jeanie M. To-ong
4. Teresita B. Villamor
Kiwalan
1.Garibalde J. Borja
2. Gladies A. Galanza
3. Judelyn M. Salon
IV. This year, the ELECOM will institutionalize computerized elections as approved by the BOD. But before implementation, piloting this technology will be
done to selected COOP branches within Il igan City.
ELECOM REPORT
AIDA S. CORTES
ELECOM Chairperson
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FINANCE & INVESTMENT COMMITTEE REPORT
The Finance and Investment Committee’s (FIC) key responsibility is to ensure the effectiveplanning and scrutiny of financial matters and decisions that the Board has determined shouldbe reserved to the Board. The Committee has a term of one year for fiscal year 2012-2013. Thecommittee has reviewed the past years activities and strengthened the Committee’s role inensuring effective governance arrangements around capital investments.
The committee chairman was endorsed by our honourable board to MASS SPECC, our coopfederation, in his second term as a member of the federation’s finance and investmentcommittee and fortunately chosen as the Chairperson of the said committee.
Ms. Nora A. Clar is our current Treasurer, appointed by the honorable board, with a term ofone year for fiscal year 2012-2013. She is automatically a member of this year’s committee.
I. Governance and Compliance
The Board has delegated to this Committee the responsibility and authority to make decisionson behalf of the Board in the Committee’s defined area of responsibility, except to the extentthat such authority has been specifically limited by the Board. The Committee meets twicea month as part of its governance responsibility for oversight and implementation of the
investment policy. The members, thru the recommendation of the FIC chairperson, shall beappointed by the Board and shall serve for one (1) year or for this fiscal period of 2012-2013.The members of the FIC may be removed, with due course, by a majority vote of the Boardof Directors.
The Investment Committee:
a) Determines and reviews the Cooperative’s budget as presented by the
management;
b) Recommends financial guidelines and policy;
c) Work with staff to design financial reports;
d) Oversights investments;
e) Advises the Board on the financial priorities;
f) Monitors the actual revenues and expenditures against budget forecast and
recommending to the Board any adjustments that it deems necessary;
g) Recommends to the Board on the selection, appointment and removal of
fiduciaries for the Cooperative’s Special Savings and Credit Protection Plan
in line with government circulars and issuances;
h) Retains outside legal, accounting or other advisors as deemed necessary
or appropriate in the performance of its duties, including the authority to
recommend to the Board the fees payable to such advisors and any other
terms of retention; and
i) Recommends to the Board the designation of officers and employees
of the Cooperative who can execute documents and act on behalf of the
Cooperative in the ordinary course of business pursuant to the approved
credit and savings policies, borrowings and other financing agreements.
lI. List of Current Committee Members and institutional affiliations:
1) Dir. Rodolfo B. Trinidad of Mindanao State University at Naawan, a Doctor
of Management (CAR), Masters in Public Management and Certified Public
Accountant, in his second year as Committee Chairperson and MASS-SPECC
Finance & Investment Committee Vice-chairperson.
2) Dir. Wilfredo A. Dimamay of MSU-Iligan Institute of Technology, an Engineer, IT
Expert and a businessman, in his second year as Committee member and Vice-
chairperson.
3) Dir. Eufemio L. Calio of St. Peter’s College, a businessman and Doctor of Public
Administration, in his first year as Committee member.
4) Dir. Ricardo C. Enguito of MSU-Iligan Institute of Technology, a Masters in Public
Administration, in his first year as Committee member.
5) Prof. Nora A. Clar of MSU-Il igan Institute of Technology, BOD Treasurer.
6) Mr. Renan P. Diaz of MSU-IIT MPC, Chief Operating Officer.
7) Ms. Loradel Pabillar of MSU-IIT MPC, Coop Accountant.
8) Ms. Rizalee T. Mesias of MSU-IIT MPC, Research Development & Marketing Officer.
9) Ms. Ana B. Flores of MSU-IIT MPC, Special Savings Specialist
The BOD Chairman Dir. Paulino T. Sanchez and Chief Executive Officer Engr. Deal Noel
Benegrado are ex-officio committee members.
III. Budget and Financial Issues
The Committee did not incur expenses in fiscal year 2012-2013, other than the standard
honoraria and meals of members to every meeting.
IV. Activities for this period
a) Reviewed, adopted and acted the proposed 2012 budget of the cooperative.b) Acted favorably the new scheme of our Special Savings products and approved by
the board as presented.c) Acted favorably on external placements of excess funds from the different
branches and were placed in affiliated coop federations and to other commercial
institutions.d) Meetings with management for any realignments of the budget that will concur
with the generally accepted accounting principles for the cooperative.Highlights of Operation:Share Capital P 216.49 MSavings Deposits 204.94 MTime Deposits 141.00 MTotal Assets 842.71 MTotal Receivables 482.93 MMembership: Regular 40,597 Associate Members 17,097
V. Investments and Highlights of Operation as of December 2012 (Unaudited figures)
Investments were placed to our affiliated federated cooperatives and to other
commercial institutions to manage our excess funds which have earningsthat yield from 8% to 20% annually.
Shor t & temporar y ter m inves tments P 120.26 M
Long term investments 90.52 M
Inter-branch investments 62.53 M
Others – Pryce Lots 0.42 M
Total P 273.73 M
Prepared by:
DIR. RODOLFO B. TRINIDAD
FIC Chairperson
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 4GENDER COMMITTEE REPORT
Greetings to all co-operators of MSU-IIT MPC!
As we recall the past years, we had encountered various experiences: trials, circumstances, especially in the year 2011 and 2012 by Tropical Sendong and Pablo. By the grace of GOD our
Almighty, we have overcome those sad experiences.
As we welcome 2013, we have to forget those things, and reaching forward to the promise with great hope, confidence and strength from the LORD.
The Gender Committee wishes to moved forward our programs and activities in attaining our vision & mission for the benefit of our members, staff & officers. We had undergone activities
such as seminar workshop, trainings, forum, and conferences for July - December 2012:
1. Trainers Training for Gender Equality conducted by Asian Women in Co-operative Development (AWCF) held on July 12-14, 2012 at MSU-IIT MPC Building, Palao, Iligan City
2. 3rd AWCF-SCC (Asian Women in Co-operative Development - Swedish Cooperative Center) Forum Monitoring Forum held on July 25-26, 2012 at Antipolo City
3. Advance GFP Training on Gender Analysis and Planning conducted by AWCF held on October 14-17, 2012 at Paglaum MPC, Plaridel, Misamis Occidental
4. 4th Monitoring & Strategic Planning Workshop sponsored by AWCF held on November 7-10, 2012 at Casa Leticia, Davao City.
5. Livelihood Training on Abaca Fiber Carpet Rug Making in linkage with Department of Trade and Industry – Lanao del Norte Provincial Office, and GE and GAD-FEP (Gender and
Development – Family Enrichment Program) held on November 27-29, 2012 at Margueries’ House of Goodies, Sta. Felomina, Iligan City
6. GE and GAD-FEP held on D ecember 1, 2012 at MSU-IIT MPC Function Room, Palao, Iligan City.
7. Public Awareness Conference on GE: Empowering Women & Men & Coops sponsored by AWCF supported by the SCC held on December 5-6, 2012 at Gateway Suites, Cubao,
Quezon City
May we have the fruitful years ahead of us. MAAYONG KOOPERATIBA KANATONG TANAN!
LUDIVINA G. CARBONELL TEODULA O. RIVERA
BOD, Gender Committee Chairperson BOD, Gender Committee Vice Chairperson
MEMBERS:
Renan P. Diaz, COO
Dr. Eufemio L. Calio, BOD
Jorge G. Cloa, CLAC Manager
Nora A. Clar, Treasurer
Ana B. Flores – Focal Person
Yani J. Lacbayen – Alternate Focal Person
Ex-Officio Members:
Engr. Paulino T. Sanchez, BOD Chairperson
Engr. Deal Noel D. Benegrado, CEO
Dr. Emma A. Nieva, AWCF Project Manager
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HOUSING COMMITTEE REPORT
The Sangguniang Panlungsod of Iligan City in their regular session on July 16, 2012 issued Resolution # 12-605 for our application for preliminary ap-
proval and development permit on our proposed Housing Cooperative project located at Lambaguhon, Barangay San Roque, Iligan City. Anent to this, we held
the following activities:
1. Posted Tarpaulin to conspicuous places to advertise our project;
2. Groundbreaking Ceremony,
3. Orientation and Pre-Membership Seminar to interested members,
4. Introduced the project to Branch Council Members included to In-House Training,
5. Conducted Orientation to all employees,
6. Branch to Branch PMES to employees,
7. Do marketing and distribute leaflets.
Hereunder are pictures of site development & backfilling of the area:
We are active members of the organized NATCCO NEDC Housing Promising Team based in Manila comprising participating cooperatives throughout the Philippines shar-
ing best practices of housing projects to partner the Pag-ibig (HDMF) for our quest to fit in their policy on housing cooperative concept patterned from Sweden.
There were four (4) phases of construction schedule and the first phase formally started on October 15, 2012. Proper evaluation and screening will be done before we
award the units in accordance with the guidelines approved by the Board of Directors. As soon as we do the awarding of the units to the member takers, a housing coop will
be formed as subsidiary from the mother coop.
Our involvement in the cooperative displayed Heaven’s glory in day-to-day living because no man is an island.
TEODULA O. RIVERA
Director, Housing Commiee Chair
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 4PERSONNEL & AWARDS COMMITTEE
1. Coop Performance Award
Category A (to be announced)
Category B (to be announced)
Category C (to be announced)
Category D (to be announced)
2. Branch with the lowest delinquency (to be announced)
3. Branch with the highest membership _______________
4. Loyalty Award
5 years - Le Ariane J. Bagares
Rommel T. Claro
Mae A. Diaz
Donna Marcelle D. Impuesto
Linn Antonnette C. Longgakit
Rommel Vincent T. Manzano
Joanne T. Plariza Mariza B. Rabina
Edsel A. Sacabin
Ma. Kristine D. Exile
10 years - Ana B. Flores
15 years - Exuperio M. Fuertes
5. Outgoing Officers
BOD - Ludivina G. Carbonell
Wilfredo A. Dimamay Roberto E. Salarza
Maria Lourdes S. Tiongco
Ermelinda G. Tobias
Rodolfo B. Trinidad
Constitutional Committees - Aida S. Cortes
Restituto D. Abuan
Luz G. Galda
Cheryl C. Encabo
Treasurer - Nora A. Clar
Prepared by: Noted by:
Abegail F. Yamba Maria Lourdes S. Tiongco
Committee Secretary Chairperson
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June 23, 2012 Youth Cooperative Planning
Youth Cooperative Planning was held last June 23, 2012 and it was participated by the 10 Youth Cooperative Officers and Miss Aiza Fe Daleon
from the management. At the end of the whole day deliberation we had come up a whole year activity with proposed budget and some strategy in
increasing youth member.
June 30, 2012 Accreditation of the New Youth Cooperative Ocers The accreditation for the new Youth Cooperative Officers is done every year; it is where the new officer is given a chance to demonstrate on how he
or she will conduct PMES. A panelist will then critic or evaluate the new officer whether he or she is ready and qualified to conduct PMES.
July 6, 2012 Sponsorship during the IACET Days of MSU IIT
The Youth Cooperative took part of the IACET Days by sponsoring the sash for the search of Mr. and Ms. IACET. A video clip presentation of the Youth
Cooperative was shown during the event. The candidates of the event became member of the Youth Cooperative.
July 10-11, 2012 Promotional Booth during MSU IIT Charter Week
The Youth Cooperative joins the Organizational Booth Fair during the MSU IIT Charter Week. The 2 day event serves as promotional booth wherein
we got the chance to showcase the services of the Youth Cooperative and also to recruit new youth members. During the 2 day activity, there were 13
new youth members.
We had also launched membership promos for the new members of the Youth Savers and Youth Member at the Tibanga Main Branch. We are giving
pouches for the new youth member and a keychain for the new youth savers.
July 16, 2012 Sponsorship during the Accountancy Week of MSU IIT
The Youth Cooperative became one of the sponsors during the accountancy Week celebration. During the cultural night, a video clip was also
shown which serves as an advertisement for the Youth Cooperative. The candidates of the Mr. and Miss Accountancy also became new members of
the Youth Cooperative.
July 25-27, 2012 Field Campaign for Aatoun, Youth Savers and Youth Member
Together with Director Niña Batara, Aiza Fe Daleon and the Marketing Team headed by Miss Rizalee Mesiaswe visited various schools in Iligan City
namely St. Peter’s College, St. Therese, and Holy Child Progressive School to campaign Aflatoun, Youth Savers and Youth Member.
July 25, 2012 Meeting with the MRDO of all branches
Together with Miss Aiza Fe Daleon, we had formally introduced and discussed the guidelines of Aflatoun, Youth Savers and Youth Member to all the
RDMO of all the branches. We had also discussed with them the mechanics of the membership promos to implement in all other branches just like in
Tibanga Main Branch.
August 1, 2012 LAUNCHING OF THE YOUTH COOPERATIVE MEMBERSHIP PROMOS The membership promos of the Youth Cooperative for new Youth Members and Youth Savers are implemented in all other branches. The promo will
last until August 31, 2012.
August 10, 2012 AFLATOUN CAMPAIGN AT SUAREZ
August 12, 2012 TREE PLANTING AND FEEDING PROGRAM
The activity was participated by 25 youth members, Dir. Teodola Rivera, and from the Head Office staff namely, Miss Jessel Mahinay, Miss Aiza Fe
Daleon, Miss Anna Flores and Head Office student assistants’. We had our tree planting and growing at our housing property at Lambaguhon. After
the tree planting and growing, we had our feeding program at the Brgy. Ilang-Ilang Barina-ut and at Bayug Island, in which we provided 1 cup full of
Champorado for the kids and to some families in the community.
September 27-
28, 2012
AFLATEEN ORIENTATION
MSU-IIT MPC was piloted by NATCCO to implement Aflateen Program. Aflateen Program is a continuation of Aflatoun Savings Program we had.
December 3,2012
FINANCIAL LITERACY SEMINAR There were a total of 35 participants during the seminar. It was a half-day activity where in youth cooperators were educated on how to manage
properly their financial aspects. The seminar was conducted by Dir. Niña Flor Batara.
Marie Antoinettee C. Roxas
Chairperson, Youth Cooperative
YOUTH COMMITTEE REPORT
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 4 YOUTH COMMITTEE REPORT
2012 INTERNATIONAL SUMMIT OF COOPERATIVES
QUEBEC CITY, CANADA
Last October 8 to 11, 2012 was the celebration of 2012 International Summit of Cooperatives held at Quebec City Convention Center, Canada. Therewere 2,800 representatives and future leaders of cooperatives and mutuals from 91 countries. Participants come together to engage in-depth discussions onthe business challenges facing the cooperative movement. Other objectives of the event were to help facilitate networking and intercooperation, increase thegeneral public’s awareness of cooperatives and finds concrete ways to stimulate the development of the cooperative, mutualist sector at the local, national and
international levels and to increase the engagement of the youth in the cooperative. In lieu with that, I was given a chance to be one of the 13 panelists of thespecial forum in the event to present the involvement of the youth.
The succeeding three days from October 9 to 11, we have a Breakfast Meeting with Future cooperative Leaders held at Hilton Hotel from 7:30 to 8:30in the morning which are participated by about 200 youth participants. The breakfast meetings was very informative, in fact one the panelist really inspiredme a lot, she was Kathy Bardswick the President and CEO of The Co-operators Group in Canada. According to her, “Young leaders are not just our future leaders.They needed to be engaged today and be given a chance to help lead the coop.” With her statement, it made me realize that we should not wait for the futureto encourage other youth to be involved in the cooperative but let us start NOW, we are here NOW let us make use of the time NOW and let us include the youthin the success of our coop.
October 10, I had my presentation; my co-panelists were Emilio Miguel Almada, President Cooperative 7, Argentina, Jean-Emmanuel Bouchard,President, Coopsco, Canada and Vincent Bérubé, Project Director and Principal Associate McKinsey & Company, Canada. Each of us was given 10-minute to
present about the reality of future leaders in the cooperative world, their participation, action and commitment. My presentation was about the best practiceswe had like savings program designed for youth, various activities and trainings for the youth and involvement of youth in the set of Board of Directors.
During my presentation, I can say that the audience were really amazed about our practices. I can see in their eyes the admiration on how we involvethe youth in our coops. In fact after our forum, there were some who approached and asked me about how we organize the activities for the youth and whatare our strategies to persuade youth to join in the coop. With the best practices we had, I know it had given inspiration to some coops present during the forumthat they could use to strengthen their advocacy to involve the youth in their coops.
The last day of the summit was the presentation of the declarations from the delegates. As for the youth group, we commit ourselves to continue tobe involved in the cooperative movement, strengthen our communications through the use of technologies and to increase the youth’s awareness about thecooperative.
Thank you and God Bless Us and our Cooperative!
Respectfully yours,
Marie Antoinettee C. Roxas
Youth Director
MSU-IIT Multi-Purpose Cooperative
THE REALITY OF FUTURE LEADERS IN THE COOPERATIVE WORLD-
PARTICIPATION, ACTION AND COMMITMENT
HILTON HOTEL
PROXFIN GENERAL ASSEMBLYLÉVIS
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6617-011012
“Resolved, to change the position title of the General Manager (GM) to
Chief Executive Officer (CEO) in the orgnizational structure of the MSU-IIT
MPC”.
6625-011012
“Resolved, to authorize the travel of the CEO Engr.Deal Noel Benegrado to
Davao City on January 13-14,2012, to attend and represent the MSUIIT MPC in
the One Coop Mindanao Forum”
6618-011012
“Resolved, to approve the 2012 salary matrix of all coop employees , as
recommended by the Personnel Committee. ”
6626-011012
“Resolved, to endorse the Youth Director Marie Antoinettee C. Roxas to
participate in the Youth Coop Forum in Quebec,Canada, in accordance to the
endorsement of NATCCO, representing MSU-IIT MPC.”
6619-011012
“Resolved, to confirm the minutes and resolutions promulgated by the
Board during the December 13,2011 regular BOD Meeting”.
6627-011012
“Resolved, to approve the request of the MSU-IIT Faculty Union for the issuance
of new certificate(s) of t ime deposit/s and Coop passbook(s) in their favor,
subject to the appropriate cancellation and other documentary requirements
showing proof of loss or unavailability of the old certificates of time deposits
and passbook(s) ”
6620-011012“Resolved, that while the MSU-IIT MPC is very desirous in extending relief
assistance to all its members who were victims of typhoon Sendong, but in viewof its limited resources, the areas of coverage of Coop’s relief assistance should
be limited only to those barangays in Iligan City which were extremely affected
by the flood such as, the barangays of Hinaplanon (Upper and Lower including
Bayug Island ) , Lambaguhon, Orchids Homes Subdn., of Bgry. Santiago and
Digkilaan. Resolved further that the same guidelines shall apply with respect to
Cagayan de Oro City typhoon victims, covering barangays along Cagayan de Oro
river, such as portion of Carmen, Balulang, Macasandig and Isla de Oro.
6628-011012
“Resolved, to authorize the Coop Negotiating Team to negotiate for the pro-
spective acquisition and purchase of the 32 sq.m. Lot owned be the Laya Familyadjoining the MSU-IIT MPC to provide enough space for the perimeter fence of
the Pala-o Building, the final terms of the negotiation shall be subject to the
approval of the Board”.
6621-011012
“Resolved, that for those members/ victims of typhoon Sendong who
were declared by the proper authorities as “missing” and pending
compliance of documentary proof of death, are entitled to 10% advance
monetary assistance based with their sunshine plan benefits, and subject
to submission of affidavit/declaration of missing relative by the nearest
kin and duly corroborated by the CSWD and/or Purok officials. Resolved,
finally, the said advance monetary assistance shall be subject to
appropriate deduction during receipt of the full sunshine death benefits”.
6629-011012
“Resolved, to approve the increase of the number of seats of the Board of Directors
of MSU-IIT MPC from eleven (11) to thirteen (13) members as follows: two (2)
non-voting ex-officios (the Chairperson Emeritus and the Youth Director), four
(4) from the community, three (3) from the faculty and three (3) from the staff
of MSU-IIT, and one (1) representing gender-at-large. Accordingly, for purposes
of filling the vacancies during the March 2012 election of officers, the following
slots shall be due for election, namely: two (2) from the community, one (1) for
gender-at-large, one (1) from the staff, one (1) from the faculty, of MSU-IIT, in
accordance with the ELECOM Guidelines.”
6622-011012
“Resolved, that for those Coop members affected by typhoon Sendong
with outstanding payable loans are allowed re-structuring of their loans
with a grace period of payment holiday for six (6) months effective
January 1, 2012”.
6630-011012
“Resolved, to approve the holding of the election of the Branch Council
Officers in the Branches of Tubod , Poblacion (Iligan City), and Carmen (Cagayan
de Oro City) during the Coop Election in March 2012 “
6623-011012
“Resolved, to approve the opening of the new satellite office of MSUIIT
MPC in the Municipality of Kapatagan , Lanao del Norte, effective Febru-
ary 2012, as recommended by the Chief Executive Officer (CEO)”
6631 -011012
“Resolved, to approve the request of the CSR Committee to allocate a budget
of P10,000, for the food expenses of the Round Table Discussion activity dated
January 16,2012, 4th Floor MSUIIT MPC Building Pala-o, Iligan City“
6624-011012“Resolved, to approve the release of P2.0 million pesos as initial capital invest-
ment for the operations of Puerto Cagayan de Oro Office of MSU-IIT MPC, as
recommended by the GM/CEO”.
6632-013112
“Resolved, to approve the membership applications of 728 applicants and 66
withdrawals of the MSUIIT MPC for the month of November -December 2011and January 2012 ”.
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2013 Annual Representative Assembly
6633-013112
“Resolved, to grant authority of the BOD Secretary to sign the secretary’s
certificate with respect to transfer of ownership of Coop acquired motorcycles
issued to its employees which already complied with the terms of payment
embodied in the pertinent MOA , and in accordance with the endorsement of
the CEO pursuant to the requirement of the Land Transportation Office”.
6641-021512
“Resolved , to adopt the bold points of the 5- Year Strategic Plan of the
MSU-IIT MPC (2012-2016) completed on January 26-28 ,2012 Strategic
Planning done by the leadership and management of the MSU-IIT MPC”.
6634-013112
“Resolved, to approve the proposed Coop Leadership Seminar sponsored by theEDCOM on February 25,2012, 4th Floor, Palao Bldg.,Iligan City”
6642-021512
“Resolved, to declare that the cut-off date to determine the number ofMembers of Good Standing(MIGS) be on August 31, 2011, for purposes of
the necessary preparations of the scheduled 3rd Representative Assem-
bly (ARA) on March 31,2012 ”
6635-013112
“Resolved, to allocate P2.0 million budget for the initial operation of the
Butuan City Branch of MSUIIT MPC as requested by the CEO”
6643-021512
“Resolved, to approve the membership applications of 411 applicants
for, and 30 withdrawals from the MSU-IIT MPC for the month of January
2012”,
6636-013112
“Resolved, to request the Finance and Investment Committee (FinCom) toconduct immediate review of the interest rates of the Coop’s special savings for
a regular interval of every other year, and may recommend appropriate adjust-
ments as necessary. Resolved further that the FinCom should recommend
additional savings products from their review of the special savings”.
6644-021512
“Resolved, to accept the offer of the Iligan City Cooperative DevelopmentCouncil (ICCDC) to the effect that the MSU-IIT MPC shall be the conduit
cooperative for the relief assistance coming from foreign funders
during calamity periods pursuant to pertinent ICCDC Resolution for this
purpose”.
6637-013112
“Resolved, to approve the resolution of the Housing Committee dated January
30,2012, together with the recommendations as follows, 1) for the Board to
continue the Housing Project in Bgry.San Roque, Lambaguhon, Iligan City, 2).
For the appropriate review of the design and provide early warning system,
elevate the proposed elevation and provide retaining walls in the perimeter,3). Cover the houses and occupants with insurance and 4).review the cost and
incorporate the necessary changes.”
6645-021512
“Resolved, to formally recognize the Property Division, as a separate
division of the MSU-IIT MPC, which is tasked to effectively manage all the
real properties and assets of the Coop in accordance with the guidelines
and organizational structure to be hereinafter submitted by the Manage-
ment”.
6638-013112
“Resolved, to accept in principle the proposed 2012 amended Articles of
Cooperation of the MSUIIT MPC presented by the Good Governance and Legal
Committee subject to further approval of the same during the 2012 Annual
Representative Assembly .”
6646-021512
“Resolved, to declare the full and unqualified support of the MSU-IIT
MPC of becoming an active member to the “1-Koop Mindanao Party” in
pursuing the advocacies and cooperative agenda in Mindanao . Resolved
further, to fully endorse its programs and activities including its intention
to participate in the May 2013 Party-List System of representation.
Resolved finally, to furnish a copy of this Resolution to the Office of 1-Koop
Mindanao, MASS-SPECC building, Tiano-Pacana Streets, Cagayan de OroCity, for information and appropriate action”
6639-013112
“Resolved, to approve the request of the Youth Cooperative for the allocation
of P11,500 intended for the youth leadership seminar on February 2012, as
recommended by the Youth Director”
6647-021512
“Resolved, to approve the budget allocation of P1.0 Million pesos as
initial investment and financial contribution of MSU IIT MPC to the
I-Koop Mindanao Party-list.”
6640-021512
“Resolved, to confirm the minutes and resolutions promulgated by the Board
during the January 10,2012 Special BOD Meeting”.
6648-021512
“Resolved, to extend the due date/ dead line of the filing of certificates of
candidacy with respect to the position of branch council officers of Tubod
and Poblacion, Iligan City up to February 18,2012 .”
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6649-022812
“Resolved, to require the Management to have consolidated performance
report in the March 2012 Pakigsayud publication to do away with the
perception of individuality among the Branch Offices”.
6657-022812
“Resolved, to grant authority to the CEO Engr.Deal Noel D. Benegrado and Vice
Chairperson Engr.Roberto E. Salarza, Head of the Coop Negotiating Team, to en-
ter into a possible compromise agreement with the Te Family during the court
mediation proceedings in relation to the case , Te vs. MSU-IIT MPC docketed as
Civil case No. 06-7456, for Damages, filed in RTC Branch 6, Iligan City.”6650-022812
“Resolved, to confirm and approve the minutes and resolutions promul-
gated during the January 31 and February 15, 2012, BOD Regular/Special
Meetings.
6658-022812“Resolved, that MSU-IIT MPC hereby appoints names and constitutes the
Padilla Law Offices and/or ATTY.ROBERTO C. PADILLA and/or ATTY.EDUARDO
D.ULINDANG, with Office address at 3rd Floor, Padilla Building, A Bonifacio Av-
enue, Saray-Tibanga, Iligan City, to be its true and lawful attorney to represent
it, and appear for and in its behalf during the Pre-Trial in Civil Case No06-7456,
Te vs. MSU-IIT MPC, et.al., pending before Branch 6, RTC of Lanao del Norte, to
do and execute all or any of the following acts and things to wit:
a). The possibility of an amicable settlement or of a submission to alternative
modes of dispute resolution; b).the simplification of the issues; c). the necessity
or desirability of amendments or admission of facts and documents to avoid
unnecessary proof, d).the limitation of the number of witnesses; f ). the advis-ability of preliminary reference of issues to a commissioner; and such other
matters required under Sec.2, Rule 18 of the Revised Rules of Civil Procedure as
may aid in the prompt disposition of the action”
6651-022812
“Resolved, to designate Engr. Romeo S. Manzano, Jr., as Manager for the
Property Management Office (PMO)/Property Division of the MSU-IIT
MPC. Resolved further, to approve the function, duties the staff, and the
organizational structure of the said Office, as presented by the CEO “.
6652-022812
“Resolved, to give full authority to all Coop Branch Managers to represent
the MSU-IIT MPC, to all small claims proceedings filed in the different
judicial courts in the area of operations of MSU-IIT MPC”.
6653-022812
“Resolved, to approve the recommendation of the Chief Executive Officer
(CEO) for the purchase of one (1) unit service vehicle to meet the growing
demands of travel of the Coop personnel in relation to the expansion of
Coop operations, and in accordance with the approved Capex Budget”.
6659-022812
“Resolved, to confirm and ratify the authority of VC Roberto E. Salarza and
Atty. Eduardo D. Ulindang, Head of the Coop Negotiating Team and counsel of
MSU-IIT MPC, respectively, during their appearances as representatives of the
MSU-IIT MPC in the mediation proceedings of the Te vs. MSU-IIT MPC, Civil
Case No.06-7486, dated February 23,2012 in the Phil. Mediation Center, Hall of
Justice Bldg.Tubod, Iligan City “.
6654-022812 “Resolved, to adopt in principle, the proposed resolution for
subsidiarization of the Coop Academy subject to the final approval during
the 3rd Representative Assembly on March 31, 2012”.
6660-022812“Resolved, to approve the delegation of signatories for Time Deposits Certificates and
Special Savings contracts shall be with the Chief Executive Officer/General Manager
with the initial signature of the assigned Branch Cashier/Teller , and the Branch Manager
effective immediately, as recommended by the Finance and Investment committee.”
6655-022812
“Resolved, to approve the recommendation of the Chief Executive
Officer (CEO) for MSU-IIT MPC to invest in Retail Treasury Bonds (RTB)
in accordance with the guidelines set forth in the Coop Investment
Matrix cited Board Resolutions No 6497-070511, dated July 2, 2011 and
Resolution No.6660-022812, and to the pertinent Central Bank Circulars
No.392, series of 2003 , No.428 and No.457, all series of 2004. Resolvedfurther, to grant authority of the CEO Engr. Deal Noel D. Benegrado, to sign
the pertinent papers and documents necessary for the implementation of
such RTB Investment for and in behalf of MSU-IIT MPC”.
6661-022812
“Resolved, to approve the Matrix for retail treasury bonds and cooperative
investments , as recommended by Finance and Investment committee , as
follows:
BANKS/Coops Interest Rates Terms
Amount Retail Treasury Bond-PNB 5.79% 20 yrs Php 5M
Oro Integrated Coop 5.75% - 10% 6 mos. Php 20M
Tagum MPC 5.5% - 0.5% 6 mos. Php 10M
L. Tan MPC 5.5% - 13% 6 mos. Php 5M
6656-022812
“Resolved, to approve the official travel of COO Renan P. Diaz, CLAC
Manager Jorge Cloa, Ana B. Flores and Yani Jimenez, to attend the
Gender Equality Training in MASS-SPECC, Davao City, on March 15-
16,2012, together with the recommended budget and travel expenses in
the amount of P31,840.00”.
6662-030112
“Resolved, to accept the report of the External Auditors, the Bacunga , Patriana
& Co., with respect to the financial audit conducted to the MSU-IIT MPC, covering
the period from July to December 2011, including the corresponding provisions
of adjustments .”
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6663-030112
“Resolved , that the social services expense for 2011 be charged against the
community development fund allocation for the same fiscal year”.
6669-031312
“Resolved ,to require the management to evaluate the special savings
products of the MSU-IIT MPC and make corresponding recommendations
to the Board”.
6664-030112
“Resolved, that the budget of P200,000.00 for the training and membership
development be charged against the Coop Education and Training Fund (CETF)
for the fiscal year 2011.”
6670-031312
“Resolved, that retroactive January of 2012, the Management shall
set aside P350,000.00 per month effective for the next 120 months,
intended for the provision of the special savings interest.”
6665-030112
“Resolved, to authorize the Coop Negotiating Team through its Team Leader
VC Roberto E. Salarza , to request pertinent legal documents of ownership
of the lot owned by the Te Family, in relation to the negotiation for peaceful
settlement of the pending case in court, the Te vs. MSU –IIT MPC, docketed as
Civil Case No. 06-7456”,
6671-031312
“Resolved, that the distribution of the 2011 patronage and dividends
in favor to all members of good standing of the MSU-IIT MPC, be in
50-50 % scheme, respectively, in accordance to the prescribed rules
of apportionment of the 2011 net surplus , and pursuant with the
recommendation of the CEO ”,
6672-032012
“Resolved, to approve and confirm the minutes and resolutionspromulgated during the February 28,2012, regular BOD Meeting ”.
6666-030112“Resolved, to approve the business proposal of the Youth Cooperative dated
March 1, 2012, as presented by Dir. Maan Roxas”.
6673-032012
“ Resolved ,to approve and confirm the minutes and resolutions
promulgated during the March 1 & 13,2012, special BOD Meetings ”.
6667-030112
“Resolved, to approve the budget allocation of P2,000.00 intended to cover
the expenses of the election of officers of the Youth Cooperative as proposed by
its youth director.”
6668-030912
A Resolution Endorsing Dr. Luis Carillo as Ocial Nominee of MSU-IIT
MPC to I Koop Mindanao
WHEREAS, the MSU-IIT MPCs declares its full and unqualified support of
becoming an active member to the “1-Koop Mindanao Party” in pursuing the
advocacies and cooperative agenda in Mindanao;
WHEREAS, this Cooperative fully endorses the programs and activities of I-
Koop Mindanao including its intention to participate in the May 2013 Party-List
System of representation;
WHEREAS, Luis Carillo Ph.D., a member good standing, is very much qualified
as nominee of the MSU-IIT MPC considering his educational and moral
qualifications, and his vast wealth of experience in the Party-list system of
representation;
NOW THEREFORE, be it resolved , as it is hereby resolved, to endorse
MSU-IIT MPC Member Luis Carillo, Ph.D. as the ocial nominee of the
MSU-IIT MPC to I Koop Mindanao. Resolved further to furnish a copy of
this resolution to the Oce of 1-Koop Mindanao, MASS-SPECC, Tiano-
Pacana Street, Cagayan de Oro City.
6674-032012
“Resolved, to appoint Prof. Nora A. Clar as Treasurer of the MSU-IIT MPC
for the term of one year effective April 1,2012 to March 31, 2013”.
6675-032012 “Resolved, to approve the request of Dir. R. Trinidad that he be given access to the finan-
cial records of the MSU-IIT MPC for purposes of conducting research study and disserta-
tion paper entitled ‘Looking Beyond The Point Of Risk: The Confluence Of ManagementSystems And Procedures And Other Factors On Delinquency Control Of Multipurpose Co-
operative’. Resolved further, that the above researcher be granted a reasonable research
allowance in accordance to the guidelines set by the CEO. Resolved finally, that the MSU-
IIT MPC be furnished with sufficient hard bound copies of the paper upon completion of
the said research study “.
6676-032012
“Resolved, to approve the 561 Coop membership applicants and
38 membership withdrawals for the month of February 2012, as
recommended by the CEO”.
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6677-032012
“Resolved, to approve the project proposal of the Management to imple-
ment internet banking services and the same be allowed to secure avail-
able access to internet banking facilities, as recommended by the CEO”.
6683-040312
“ Resolved, to fully authorize MSU-IIT MPC Directors: Prof. Rodolfo B. Trinidad
and BOD Vice Chairperson Engr. Roberto E. Salarza, to aspire for the elective
positions as Audit Committee Member and Director, of NATCCO, respectively, in
its election of Officers to be conducted during the NATCCO’s Annual Generally
Assembly on May 25-27,2012, in Cebu City.
6678-032012
“Resolved, to approve the application for graduation of 98 totalcandidates of the MSU-IIT MPC Academy inclusive as follows: Pre-
School- 36 candidates, Elementary- 30 candidates, and High School-32
candidates, as recommended by the Principal of the Coop Academy ”.
6684-040312
“ Resolved, to fully authorize MSU-IIT MPC BOD Chairperson Engr. Paul T. Sanchezand Dir. Rodolfo Trinidad to aspire for any elective position in MASS-SPECC, in its
election of Officers to be conducted during the MASS-SPECCS’s Annual Gener-
ally Assembly on May 5-6,2012, in Davao City. Resolved further, that just in case
Engr. Sanchez may not aspire, or may fail to be elected in such position aspired
for, Prof. Nora Clar, incumbent MASS-SPECC Director for Gender Sector, may be
allowed to continue her unexpired term of directorship of MASS-SPECC”.
6679-032012
“Resolved, to grant additional uniform allowances to the Coop Officers
commensurate to the additional cost of the desired uniforms but in no
case shall exceed P4,000 per individual officer”.
6685-040312
“ Resolved, to fully authorize MSU-IIT MPC Director, Engr. Wilfredo A. Dimamay
, to aspire for the elective position as Director, of CLIMBS, in its election ofOfficers to be conducted during the CLIMBS Annual Generally Assembly on
April 26-27,2012, in Cebu City”.
6680-032012
“Resolved, to grant reasonable transportation allowances to the newly
elected Coop Officers who were present during the March 20, 2012 BOD
Meeting in accordance to the existing Coop guidelines.”
6686-040312
“ Resolved, to fully authorize MSU-IIT MPC Treasurer, Prof. Nora Clar , to con-
tinue as member of the Unification Committee of NATCCO and MASS-SPECC.
6681-040312
“Resolved, to approve the recommendation of the Negotiating Team,for MSU-IIT MPC to buy the Te Properties which are under mediation
proceedings in Civil Case No. No 06-7456, Te vs. MSU-IIT MPC, et.al,
covered under TCTs Nos. T-17-715(a.f ) and T-17-716(a.f.) with a total area
of 628 sq. meters at P25,000 per square meter, where the contract to sell
shall be subject to the terms of “due diligence” such that, among others,
the necessary correction of the technical description of the lot areas be
priorly done at the instance of the Te Family before the execution of the
absolute deed of sale.”
6687-040312
“Resolved, to grant a supplemental uniform allowances of P500.00 per
elected Coop Officers supplementing BOD Res. No. 6679-031312, for a total ofP4,500.00 per officer, as recommended by the Uniform Committee”.
6682-040312
“Resolved ,to approve the recommendation of the Chairperson of the Coop
Academy for MSU-IIT MPC to give preference to the acquisition of Alejan-
dro Salgado’s properties as a prospective new location of the MSU-IIT Coop
Academy campus subject to the requirements of terms and stipulations of
“due diligence” where such terms shall be finally approved by the Board.
6688-040312 “Resolved, to approve the resignation of Atty. Earl C.J. Ruelo, as BOD Secretary
effective April 30, 2012, with special commendations of his faithful and
exemplary services rendered to the MSU-IIT MPC during his term of Office.
Resolved further to designate Ms. Yani Jimenez as Acting BOD Secretary
pending appointment of the new BOD Secretary”.
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2013 Annual Representative Assembly
6689-040312A Resolution Authorizing Ocers of the MSU-IIT MPC for Bank Transactions
Whereas, Prof. Nora A. Clar has been appointed as the new Coop Treasurer effective April
2012, per BOD Resolution No. 6674-031312, replacing Prof. Roberto A.U. Dangkulos,
as the latter resigned as Treasurer and has been acting in a holdover capacity pending
appointment of his replacement as Coop Treasurer;
Whereas, Atty. Earl C.J. Ruelo, Board of Directors’ Secretary, has likewise tendered his
resignation effective April 30,2012 per BOD Resolution No. 6688-040312 and Ms. Yani
A. Jimenez has been designated as Acting BOD Secretary pending appointment of thenew BOD Secretary;
Whereas, in consideration of the above movements of Coop Personnel who are bank
signatories to the Coop Funds, there is a need to change Coop Bank signatories for
purposes of facilitating Coop Bank Transactions;
Therefore be it resolved, as it is hereby resolved, to grant authority to the
following Officers of the MSU-IIT MPC to sign checks, drafts and other negotiable
instruments for the purpose of deposit and withdrawal of Coop funds, namely: Class
A- BOD Chairperson Engr.Paulino T. Sanchez and BOD Vice Chairperson Engr.
Roberto E. Salarza, and Class B- Coop Treasurer – Prof.Nora Clar and Acting BOD
Secretary Yani A. Jimenez . Resolved further, that the signature of anyone fromClass A, together with anyone from Class B of the above four(2) officers are sufficient
to carry out the purpose of withdrawal and deposit of Coop funds. Resolved finally, that
all previous resolutions inconsistent with this resolution are hereby deemed revoked”.
6694-042412
“ Resolved, that the official delegates of the MSU-IIT MPC to MASS-SPECCS’
General Assembly on May 5-6,2012,in Davao City, are as follows: BOD
Chair Paul T. Sanchez, Directors Ricardo Enguito, Dr. Fem Calio, Nina Flor
Batara, Prof. Rodolfo Trinidad, Ludivina Carbonell, Teodula Rivera, CEO
DND Benegrado, Treasurer Prof. Nora Clar, Aida Cortes, Ana Flores , Renan
Diaz, Cheryl Encabo, Donna D. Impuesto, Ms. Aileen Grace Ramillo, Garry
Mondragon, Rommel Vincent Manzano , Johanna Carla Pelayre, and Ian
Aleman. Resolved further that the voting delegates during election areBOD Chairperson Paul T. Sanchez, Directors Dr. Fem Calio, Nina Flor Batara,
Prof. Rodolfo Trinidad, Prof. Nora Clar, and the rest are alternate voting
delegates.
6695-042412
“ Resolved, that the official delegates of the MSU-IIT MPC to NATCCO’s
General Assembly on May 26-27,2012, in Cebu City, are as follows: BOD
Chair Paul T. Sanchez, VC Roberto Salarza, Directors Engr. Fred Dimamay,
Maan Roxas, Prof. Rodolfo Trinidad, Committee members Luz Galda,
Lea Alagar, Evelyn Basa, CEO DND Benegrado, Prof.Roberto Dangkulos,
Atty. Earl C.J. Ruelo, Mercy Baliling, Charisma Lugatiman, Leila Trinidad,Carmelita Gallo, Janet Hernandez, Nestor Lacastesantos and Beatriz Caliso.
Resolved further that the voting delegates during election are BOD Chair
Paul T. Sanchez, VC Roberto Salarza, Engr. Fred Dimamay, Prof. Rodolfo
Trinidad, Maan Roxas, and the rest are alternate voting delegates.
6690-042412
“Resolved ,to approve and confirm the minutes and resolutions promulgated
during the March 20, 2012, regular BOD Meeting ”.
6696-042412
“Resolved, to approve the 319 Applicants for membership and 33
withdrawals for the period covering March 6 to April 5, 2012, making a
total Coop membership of 30,696.
6691-042412
“Resolved, to appoint Atty. Earl C.J. Ruelo, as Legal Consultant of MSU-IIT MPC
for the term of one(1) year effective May 1,2012 to May 1, 2013, without mon-
etary compensation”.
6697-042412
“Resolved, to approve the request of the Youth Cooperative to open a
savings account in Tibanga main with Dir. Marie Antoinette C. Roxas and
Johanna Carla Pelayre, Chairperson and Vice Chairperson, respectively, as
authorized signatories for deposit, withdrawals and/or any transactions
thereof.
6692-042412
“Resolved ,to approve and confirm the minutes and resolutions promulgated
during the April 3,2012, special BOD Meeting ”.
6698-052212approval of investing in PAMI (Phil-Am Asset Management, Inc.) and author-
izing the Management and the Finance and Investment Committee, along with
the corresponding oversight directors with a maximum ceiling investment of P5 million.
6693-042412
“ Resolved, that the official delegates of the MSU-IIT MPC to CLIMBS’ General
Assembly on April 26-27,2012,in Cebu City are as follows: BOD Chair Paul T.
Sanchez, Directors Engr. Fred Dimamay, Dr. Fem Calio, Nina Flor Batara, Prof.
Rodolfo Trinidad, Ma. Lourdes Tiongco, CEO DND Benegrado, Aida Cortes, Cheryl
Encabo, , Jorge Cloa, Garry Mondragon, Mae A. Diaz ,Donna D. Impuesto, Ms.
Shergie Oclarit, Ms. Michelle Sabando, Joanne Plariza and Rommel Claro. Re-
solved further that the voting delegates during election are BOD Chair Paul T.
Sanchez, Directors Engr. Fred Dimamay, Dr. Fem Calio, Nina Flor Batara, Prof. Ro-
dolfo Trinidad, Ma.Lourdes Tiongco, and the rest are alternate voting delegates.
6699-052212
“ Resolved ,to approve and confirm the minutes and resolutions promul-
gated during the April 24, 2012, regular BOD Meeting ”.
6700-052212
“Resolved, to approve the inclusion of Treasurer Nora A. Clar in the list of
the NATCCO delegates and also the name of YC Vice-Chairperson Johanna
Carla T. Pelayre be added as a youth representative to the NATCCO Youth
Congress.
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6701-052212
“Resolved, to review and realign our policies and guidelines regarding
the attendance during the next cycles of General Assemblies. Only the
BOD Chairperson and the CEO are allowed to have multiple attendances
in these assemblies.
6710-052212
“Resolved, to appoint Mr. Dominico Jumawid, Jr. to be the EDCOM Training
Officer and be given a monthly honorarium of P 3,000.00 effective from June 1,
2012 to May 31, 2013. In addition, he must give at least 3 to 5 events every 3
months.”
6702-052212
“Resolved, for the Education Committee to conduct a thorough study and
review the policies of the Lakbay- Aral activity. In so doing, the Coop willnot be closed for many days, which in so making, does entail member
satisfaction. Also, the General Assembly attendances are to be included in
the review of the policies to be made by the EDCOM.
6711-052212
“Resolved, to approve the leave of absence of ELECOM Vice Chairperson Ms. Lea
Alagar provided that she will maintain an open communication line with herco-members of the said committee. Ms. Lea Alagar will be on leave from July
2012 to October 2012.
6703-052212
“Resolved, to confirm the participation of Dir. Marie Antoinettee C.
Roxas and Youth Vice Chair Johanna Carla T. Pelayre in the NATCCO Youth
Congress held at Cebu City on May 23-25, 2012.”
6712-052212
“Resolved, to approve the Gender AWCF Trip to Lamac, Cebu City on June 7-9,
2012 with the attendance of the Gender Committee Chairperson Dir. Ludivina
G. Carbonell and Ms. Ana B. Flores as the Gender Focal Person. The coop shall
provide the attendees with transportation allowances and per diems only.
6704-052212
“Resolved, to approve the request of Maranding branch to extend the
period in repaying the rice production loan from three (3) months to six
(6) months payment period.”
6713-052212
“Resolved, to accept the Election and Audit Committee (Audit Report on
Housing Committee and Ocular Inspection on Coco Lumber Forms) report
as rendered by Ms. Aida S. Cortes and Ms. Luz G. Galda, respectively. Also,
whatever actions that is due for Board actions will be acted upon on the June
05, 2012 Board Meeting.”
6705-052212
“Resolved, to allow the City of Iligan to use the MSU-IIT MPC property
located at Brgy. Hinaplanon as a “tent city/bunkhouse” for the Sendong
flood survivors in utmost 12-month duration only. A MOA between MSU-IIT MPC and the City government should also be properly placed and be
properly entered into.”
6714-060512
“Resolved, to dispense with the reading and discussion of the May 22, 2012
Regular BOD Meeting minutes and let it be handled on the next Regular Board
Meeting.”
6706-052212
“Resolved, to allow the EDCOM Chairperson, Dir. Roberto E. Salarza to
attend the MASS-SPECC’s Developing Co-operators Training on June 7-9,
2012 to be held at MASS-SPECC Training Center, Cagayan de Oro City”
6715-060512
“Resolved, to accept and approve the Audit committee’s report rendered by the
Audit Committee chairperson.”
6708-052212
“Resolved, to approve the 698 Coop membership applicants and 56
membership withdrawals for the month of May 2012, as recommendedby the CEO”.
6716-060512
“Resolved, to re-engage the Audit services of Baconga, Patriana and Co. for
the year 2013; resolved further that the Audit committee must present at leastthree (3) sets of external auditors.”
6709-052212
Resolved, to approve the BOD and Coop Officers Recollection on June 2 &
3, 2012 to be held in MSU-IIT MPC Boardroom.
6717-060512
“Resolved, to accept the ELECOM report, as rendered by the ELECOM Chairper-
son.”
6707-052212
“Resolved, to make a corresponding agreement in favor of linking with
the NATCCO-MASS SPECC Consultancy proposal and MSU-IIT MPC.”
6718-060512
“Resolved, to approve the proposed budget of the ELECOM, subject to some
modifications and realignment upon implementation.”
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6719- 060512
“Resolved, accept the Chief Executive Officer’s report.”
6729 – 062612
“Resolved, to appoint Dir. Tiongco to be the oversight of the Maranding
Branch Council request.”
6720- 060512 “ Resolved, approve the attendance of the Chief Executive Officer, Ms. Evelyn Basa, Dir.
Niña Flor B. Batara, Dir. Rodolfo B. Trinidad, Dir. Ermelinda G. Tobias and Dir. Paulino T.
Sanchez to the CDA Branching out Forum on June 13, 2012 at Pearlmont Inn, Cagayan de
Oro City.
6730 – 062612
“Resolved, to approve the purchase of 5 Ipads and 1 Asus EEE Transformer
Tablet for the new set of officers. Likewise, is the approval of purchasing
1 Netbook for Dir. Carbonell as replacement for her damaged Ipad2 dur-ing the Typhoon Sendong.”
6721- 060512
“ Resolved, approve the cash advance of the amount P 150,000.00 in support
to Mr. Gideon Mirafuentes’ operation, account officer of Puerto branch.”
6731 – 062612
“Resolved, to approve the 5 participants for the 11th National Coop
Summit namely, Dir. Ermelinda G. Tobias, Ms. Aida S. Cortes, Ms. Aileen
Ramilo, CEO DND Benegrado, and COO Renan P. Diaz. The summit will
take place on October 10-12, 2012 at Cagayan de Oro City.
6722- 060512
“Resolved, approve the KASAPI loan window to coop members. In addition,
that the management will still exercise proper caution in extending this loanaccording to the paying capacity of the members.”
6732 – 062612
“Resolved, to allow the Chief Executive Officer to attend the 3-day CEO/
GM training at CLIMBS, CDO City on June 27-29, 2012.”
6723- 060512
“Resolved, to authorize the CEO to sign the MOA of the NATCCO and MASS-
SPECC joint consultancy proposal with MSU-IIT with the total budget of P
438,000.00 consultancy fee. The management is also tasked to source out
funds for the consultancy expenses.”
6733-062612
“Resolved, to adopt the Property Management Division guidelines and
subject to improvement.
6724 – 062612
“Resolved, to dispense with the reading and discussion of the May 22, 2012
Regular BOD Meeting minutes and let it be handled on the next Regular BoardMeeting.”
6734– 062612
“Resolved, to approve and authorize the CEO Deal Noel D. Benegrado to
invest p 5,000,000.00 in the “Growth Invest Fund 3” of Philam life (TIN00803117000) which is a locked-in investment for six (6) years.”
6725 – 062612
“Resolved, to adopt the official website of MSU-IIT MPC, the msuiitcoop.org
as our official email and Yammer.com as our official discussion group for Coop
matters.”
6735– 062612
“Resolved, to authorize the Management to act accordingly on the
modification of investment in Prulife so that it will be transferred to a
higher-yielding investment tool at Prulife.”
6726 – 062612
“Resolved, to approve the subscription to the Security Bank Digibanker Online
System and for Management to act to it accordingly on the matter.”
6736– 062612
“Resolved, with accordance to BOD Resolution Number 6584-112111, to
authorize Management to implement writing off of small claims filed in
court, aside from freezing its interest provided that the Management will
still continue to collect the receivables from the accounts written-off.”
6727– 062612
“Resolved, to accept the Chief Executive Report as presented.”
6737– 062612
“Resolved, to approve that the Chief Executive Officer Deal Noel D.
Benegrado will be the insured individual of the Prulife investment
benefit and that the beneficiary will be MSU-IIT MPC.”
6728 – 062612
“Resolved, to allow the write-off of Mr. Bernardo Monter (Tibanga account)
with the amount of P 49, 630.63 provided that the branch will still be collect-
ing the payment after the process of write-off.”
6738– 062612
“Resolved, to approve the Members’ Loyalty Program as proposed by
the Management. The management also has to formulate policies and
implementing rules and guidelines for the said program.”
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6739– 062612
“Resolved, to approve that henceforth, when the CEO’s report is already
accepted, member’s applications and withdrawals are deemed to be
approved.”
6750-071012
“Resolved, to dispense with the reading of Minutes of June 05, 2012 and
proceed to the matters arising from the minutes.
6740– 062612
“Resolved, to approve the investment of MSU-IIT MPC of One Hundred
Thousand Pesos (P100,000.00) to CLIMBS.”
6751-071012
“Resolved, to confirm the minutes of the June 05, 2012 BOD meeting as
discussed.”
6752-071012
“Resolved, to dispense with the reading of the minutes of the June 26, 2012
BOD meeting and proceed to the matters arising from the minutes.”
6741– 062612
‘Resolved, to authorize the CEO Deal Noel D. Benegrado and Engr. Romeo
S. Manzano to sign the joint affidavit of undertaking for the MSU-IIT MPC
Housing Coop Project in behalf of the Coop.”
6742– 062612“Resolved, to approve the pursuance of the Deed of Perpetual Easement
with the Perfecto Family.”
6753-071012“Resolved, to adopt the ABS-CBN proposal but let the Management try to nego-
tiate the number of spots to be shown in Butuan and Pagadian. The CEO is also
authorized to re-negotiate the price of P 550,000.00 if it can be lowered to P
500,000.00. Resolved further that the amount is to be taken from the Marketing
budget of 2012 as approved during the 2011 Business Planning.”
6743– 062612
“Resolved, to approve, adopt and implement the Branch Council Officers
In-house whole-day seminar to be conducted on July 21, 2012, 4th floor
of MSU-IIT MPC Building Complex.”
6754-071012
“Resolved, to approve the Branch Assembly schedules as follows:”
CLUSTER 3 SEP 15 2012
CLUSTER 2 SEP 22 2012 CLUSTER 1 OCT 6 2012
CLUSTER 4 OCT 13 2012
6744– 062612“Resolved, to accept the Gender two-part report. Furthermore, resolved
to approve the activity Gender TOT and its corresponding budget to be
taken from the Gender CETF. Approved further, that the CEO Deal Noel D.
Benegrado and Dir. Teodula O. Rivera be authorized to attend the AWCF
monitoring forum on July 25-26, 2012 in Quezon City. The Coop will
shoulder the transportation expenses of the said forum.”
6745– 062612
“Resolved, to approve the Youth Committee report as rendered by the
Youth Coop Director Marie Antoinettee C. Roxas.”
6755-071012
“Resolved, to approve the request of Coop Academy Principal Hazel Bliss
Mediodia as per letter given to the BOD Chairperson, to allow write-off of the
Mr. Jay Tolentino account in the amount of P 466.25.”
6746– 062612
“ Resolved further, to approve the proposed Youth Coop Activity budget
of P 24, 092.00
6756-071012
“Resolved, to confirm the minutes of June 26, 2012 BOD Meeting as presented.”
6757-071012
“Resolved, to accept the Treasurer’s report as presented.”6747 – 071012
“Resolved, to adopt the agenda as proposed.”
6748-071012
“Resolved, to dispense with the reading of Minutes of May 22, 2012
minutes of meeting and proceed to the matters arising of the minutes.
6758-071012
“Resolved, to accept the Chief Executive Officer’s report as presented.”
6749-071012
“Resolved, to confirm the minutes of the May 22, 2012 BOD meeting asdiscussed.”
6759-071012
“Resolved, to approve the Financial Management Policy Manual as presented.”
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6760-071012
“Resolved, to adopt the Standard Chart of Accounts policy as part of the Financial
management Policy Manual for implementation and enhancement of the MSU-
IIT MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6769-071012
“Resolved, to adopt the Fixed Assets Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6761-071012
“Resolved, to adopt the Accounting Principles policy as part of the Financialmanagement Policy Manual for implementation and enhancement of the MSU-
IIT MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6770-071012
“Resolved, to adopt the General Purchases Policy as part of the Financialmanagement Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6771-071012
“Resolved, to adopt the Bidding Policy as part of the Financial management
Policy Manual for implementation and enhancement of the MSU-IIT MPC opera-
tions with the end view of achieving the financial objectives of viability and
sustainability.”
6762-071012
“Resolved, to adopt the Internal Control Policy as part of the Financial manage-
ment Policy Manual for implementation and enhancement of the MSU-IIT MPC
operations with the end view of achieving the financial objectives of viability
and sustainability.”
6763-071012
“Resolved, to adopt Authorized Signatories and Approval Limits Policy as part
of the Financial management Policy Manual for implementation and enhance-
ment of the MSU-IIT MPC operations with the end view of achieving the finan-
cial objectives of viability and sustainability.”
6772-071012
“Resolved, to adopt the Assets Acquired in Settlement of Loans Policy as part of
the Financial management Policy Manual for implementation and enhancement
of the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6764-071012
“Resolved, to adopt the Cash Internal Control Guidelines as part of the Financial
management Policy Manual for implementation and enhancement of the MSU-
IIT MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6773-071012
“Resolved, to adopt the Loan Loss Allowance Policy as part of the Financial
management Policy Manual for implementation and enhancement of the MSU-
IIT MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6765-071012 “Resolved, to adopt the Petty Cash Fund Policy as part of the Financial man-
agement Policy Manual for implementation and enhancement of the MSU-IIT
MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6774-071012 “Resolved, to adopt the Charge Off and Recovery Policy as part of
the Financial management Policy Manual for implementation and
enhancement of the MSU-IIT MPC operations with the end view of
achieving the financial objectives of viability and sustainability.”
6766-071012
“Resolved, to adopt the Cash Shortage and Overage Policy as part of the
Financial management Policy Manual for implementation and enhancement
of the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6775-071012
“Resolved, to adopt the Liabilities Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6767-071012
“Resolved, to adopt the Cash Advance Policy as part of the Financial
management Policy Manual for implementation and enhancement of the MSU-
IIT MPC operations with the end view of achieving the financial objectives of
viability and sustainability.”
6776-071012
“Resolved, to adopt the External Borrowings Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6768-071012
“Resolved, to adopt the Investment Policy as part of the Financial management
Policy Manual for implementation and enhancement of the MSU-IIT MPC
operations with the end view of achieving the financial objectives of viability
and sustainability.”
6777-071012
“Resolved, to adopt the Retirement Fund for MSU-IIT Management
and Staff Policy as part of the Financial management Policy Manual
for implementation and enhancement of the MSU-IIT MPC operations
with the end view of achieving the financial objectives of viability and
sustainability.”
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6778-071012
“Resolved, to adopt the Asset-Liability Management Policy as part
of the Financial management Policy Manual for implementation and
enhancement of the MSU-IIT MPC operations with the end view of
achieving the financial objectives of viability and sustainability.”
6786-071012
“Resolved, to approve the MSU-IIT MPC Motorcycle Plan Policy as practiced.”
6787-071012
“Resolved, to approve the proposed update of the Credit Policy Manual based
on the Internal Audit recommendations on loan receivables.”
6779-071012
“Resolved, to adopt the Interest on Share Capital and PatronageRefund Policy as part of the Financial management Policy Manual for
implementation and enhancement of the MSU-IIT MPC operations
with the end view of achieving the financial objectives of viability and
sustainability.”
6788-071012
“Resolved, to approve the charging-off of the Kiwalan account dated year 2007
in the amount of P 178,597.05.”
6789-071012
“Resolved, to authorize the Butuan Branch Satellite Officer in the person of Ms.
Shergie B. Oclarit to open an account in Security Bank – Butuan Branch to be
used in the Butuan branch operations.”
6780-071012
“Resolved, to adopt the Interest Rates Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6790-071012
“Resolved,to authorize the Chief Executive Officer and the Management team
to look into the authorized signatories with regards to the Maker, Verifier,
Releaser, Approver, Access Administrator and Password Administrator, and
Inquirer of the Security Bank Digibanker Mobile Banking System.”
6781-071012
“Resolved, to adopt the Budget Policy as part of the Financial management
Policy Manual for implementation and enhancement of the MSU-IIT MPC
operations with the end view of achieving the financial objectives of
viability and sustainability.”
6791-071012
“Resolved, to send the Chief Executive Officer, EDCOM Chairperson and the BOD
Chairperson to the NATCCO Training entitled “Becoming Whole Brain Leaders”
on August 13-15, 2012 in Sumulong Highway, Antipolo City subject to echo
training.”
6782-071012
“Resolved, to adopt the COOP-PESOS Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financialobjectives of viability and sustainability.”
6792-071012
“Resolved, to approve that MSU-IIT MPC will shoulder the hospitalization
expenses of Mr. Gideon Mirafuentes, Account Officer of Puerto Branch with the
amount of P 253, 000.00 which includes the P 150,000.00 that was released toMr. Mirafuentes as cash advance. Resolved further, because of the accident that
happened that all account officers must be covered with accident insurance up
to P 500,000.00, including those employees who are still in the casual status of
employment. ”
6783-071012
“Resolved, to adopt the Error Management Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6793-071012
“Resolved, to adopt the Implementing Rules and Regulations of the Property
Management Division.”
6784-071012 “Resolved, to adopt the Risk Management Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6794-071012“Resolved, to authorize the Management to endorse a Brgy. Road (Brgy. Pugaan)
to the City of Iligan that can be used as farm-to-market road in coordination
with the Farm-to-market Project of the city of Iligan.”
6785-071012
“Resolved, to adopt the Fraud/Dishonesty Policy as part of the Financial
management Policy Manual for implementation and enhancement of
the MSU-IIT MPC operations with the end view of achieving the financial
objectives of viability and sustainability.”
6795 – 072612
“Resolved, to adopt the agenda as proposed.”
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6796-072612
“Resolved, to dispense with the reading of Minutes of July 10, 2012 minutes of
meeting and proceed to the matters arising of the minutes.
6805-072412
“Resolved, to adopt the revised contract of COSA 5Y and COSA 10Y effec-
tive for implementation on August 01, 2012.”
6797 – 072412
“Resolved, to confirm the July 10, 2012 Special BOD Meeting Minutes with
some realignment.”
6806-072412
“Resolved, to adopt the revised contract and table of the College Allow-
ance Fund (CALF) effective for implementation on August 01, 2012.”
6798– 072412
“Resolved, to accept the Chief Executive Report as presented.”
6807-072412
“Resolved, to adopt the revised Pension Plan effective for
implementation on August 01, 2012.”
6799– 072412
“Resolved, to approve the request of Tubod LDN Satellite to participate in the
MUNICIPAL COOP DEVELOPMENT COUNCIL activities and to be part of the MCDC.
The Tubod Satellite Officer is the official representative of this council.”
6808-072412
“Resolved, to adopt the revised Retirement Plan subject to re-evaluation
every 5 years. The revision is effective for implementation on August 01,
2012.”
6800-072412
“Resolved, to approve the Management proposal to provide Ms. Yani A. Jime-
nez a monthly Honorarium in the amount of P 5,000.00, effective May 01, 2012
upon assumption of work as Acting BOD Secretary.”
6809-072412
“Resolved, to adopt the revised Mortuary Plan effective for
implementation on August 01, 2012.”
6801-072412
“Resolved, to approve the sponsorship of MSU-IIT MPC to the MSUAA-BACI
Alumni Homecoming in the amount of P 50,000.00 which fund is to be taken
from the Marketing Budget of 2012.”
6810-072412
“Resolved, to accept the Gender Committee report as presented.”
6802-072412
“Resolved, to accept the Treasurer’s Report as presented.”
6811-072412
“Resolved, to establish a Gender Equality Resource Center and
Accomplishment and Best Practices of Gender Equality Program .”
6803-072412
“Resolved, to approve that MSU-IIT MPC should have additional investments up
to December 2012.”
6812-072412
“Resolved, to accept the Election Committee report as presented.”
6804-072412
“Resolved, to approve the item # 1 of the Coop Subsidiary proposal (Create
Coop Academy Subsidiary Team (9pax) - responsible to prepare the Draft ofthe Articles of Cooperation and By-Laws until end of September 2012 with the
persons responsible are as listed below:
Dir. WA Dimamay - Chair
Dir. PT Sanchez - CoChair (ex officio)
Secretary - Ms YA Jimenez
Co-Secretary- Ms HB Mediodia
Members: Mgr JA Cloa, Doc ETobias, Judge EC Ruelo, Doc Dave Almarez,
and CEO DN Benegrado (ex officio)
then items # 2-12 are going to become part of the IRR subject to improvements
and refinements.”
6813-072412
“Resolved, to accept the Audit Committee report as presented.”
6814 – 080712
“Resolved, to adopt the agenda as proposed.”
6815 – 080712
“Resolved, to approve the honoraria of the Housing Project Committee/
Team as incorporated in the Budget approved in the BOD Resolution No.
6475-053111.”
6816 – 080712
“Resolved, to accept the Housing Committee report as presented.”
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HOUSING COMMITTEE
COOP ACADEMY
FINANCE & INVESTMENT COMMITTEEPERSONNEL COMMITTEE
YOUTH COMMITTEEEDUCATION COMMITTEE
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OINT BOD AND MANAGEMENT REPORT
ASSETS LOAN RELEASES
SHARE CAPITAL DEPOSITS
(from page 20)
i n m i l l i o n p e s o s
i n m i l l i o n p e s o s
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MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 6 JOINT BOD AND MANAGEMENT REPORT
REGULAR MEMBERSHIP NET SURPLUS
Branching 25 new branches (+ present 14)across Mindanao
Memberships 100,000 branching, marketing drives, and project investments
Deposits 4:1 deposit-equity ratio
Equity a number of equity products for direct investments by members
Loan Portfolio Mix 30% productive loans
70% providential loans
Virtual Branching to begin within the 1st half of 2012
Project Investments 10 pawnshop outlets
3-5 housing projects
3 funeral parlors
Management Team in place by June 2012
By 2016 Net Surplus : P130-150 Million
Total Equity : around P400 MillionReturn on Equity (ROE) : 20%-25%
Business Mix (Revenues) : 80% - Savings and Credit
20% - Project Investments
Total Assets : P1.7-2 Billion.
STRATEGIC PLANBOLD GOALS BY 2016
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Carmen Branch
Bul ua Br anc h
Man ticao Branc h
Tibanga Main
Poblacion Branch
Laguindingan Br anc h
Kiwalan Branch
Puer to Branch
Tu bod Branc h
Maranding Branch
Cogon Branch
T ubod LD N S at e l l i t e
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J . C . Aqui no Br anc h
Pagadian Branch
S ua re z Sa te l l i te
Langihan Branch
Pala-o Branch
Bur u-un Br anc h
Bacolod Satellite
Head Oce
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GENDER COMMITTEE
ELECTION COMMITTEE
COOP CARE MANAGEMENT COMMITTEE
COOP LIFE ASSURANCE CENTER
AUDIT COMMITTEEEXECUTIVE COMMITTEE
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6817-080712
“Resolved, to accept the cash flow presentation of the Housing commit-
tee as presented. Resolved further that the Organizational Structure of the
MSU-IIT MPC Housing Cooperative which includes the Technical Organi-
zational structure, be modified and provided with corresponding job de-
scriptions and compensation proposal and be submitted in the next Board
Meeting on August 28, 2012. This table of organization will be used in the
24-month Housing Cooperative project.”
6823-082812
“Resolved, to dispense with the rules of the Regular Board meeting to give
time to the HDMF representatives to present their Housing loan proposals as
requested by the Housing Committee.”
6818-080712
“Resolved, that the Finance and investment Committee will meet and
report in the next Board Meeting as to where the source of funds for the
Housing Cooperative be taken. Resolved further that 1-13 subheading of
the 2-year construction schedule will be used as supporting attachments
as presented. ”
1. 2-year Construction Schedule
2. 6-month Gantt chart
3. Housing cash flow 2012
4. Organizational Chart
5. Initial cost and PMD Compensation6. PMD (Comparison of Compensation)
7. PMD and PMO role in Housing Cooperative Project
8. Proposed schedule
9. Source of Funds
10. Amortization
11. Cost Comparison
12. Housing Cooperative
13. List of BOD resolutions for Housing Project
6824-082812“Resolved, to approve the schedule of the Exit Conference with the External
Auditors and the Board of Directors on August 31, 2012 at 11 a.m., followed by
a Special Board meeting right after the exit conference.”
6825-082812
“Resolved, to adopt the order of business as proposed, with item no. 5 to bediscussed during the Special Board Meeting right after the External Audit Exit
Conference.”
6826-082812
“Resolved, accept the Treasurer’s report as presented, and including the observations
of the Treasurer regarding Human Resource matters.”
6827-082812
“Resolved, accept the Chief Executive Officer’s report as presented.”
6828-082812
“Resolved, to allow ACCU to conduct an ACCESS Audit together with NATCCO on August
29, 2012, to verify is MSU-IIT MPC has passed the qualifications of the ACCESS Brand
standards.”
6819-080712
“Resolved, to approve the Groundbreaking schedule of the Housing
Cooperative in Lambaguhon, Brgy. San Roque, Iligan City on August 20,
2012, 9a.m. to 11 a.m. Resolved further that the funds to support the
Housing campaign will be sourced temporarily from Pala-o Branch and be
replenished after a decision as to where the source of fund be taken. ”
6829-082812
“Resolved, to provide per diem and transportation to Coop Treasurer Nora A.
Clar to the ACCU Forum to be held on September 02-09, 2012 in Manila,
Philippines.”
6830-082812
“Resolved, to approve the loan application of Mr. Nestor Enerio, a Kiwalan
branch member, in the amount of P 1,500,000.00 payable within 12 months.”
6820-080712
“Resolved, to accept the CSR Committee report and lay it on the table for
consideration.”
6831-082812
“Resolved, to approve the solicitation of ACCU for their upcoming ACCU Forum
on September 02-09, 2012 in the amount of P 50,000.00.”
6821-080712
“Resolved, to accept the Education Committee report as presented.”
6822-080712
“Resolved, to approve the P 500.00 increase of Branch Council Officers’
honoraria for a total of P 1,000.00 per month provided that they will meet
twice a month. They are also required to submit reports every meeting
thru the Branch Council Secretary.The increase will be effective on August
01, 2012.”
6832-082812
“Resolved, to authorize the Management to perform the charge-off/write-off
of unpaid loans on a quarterly basis. Resolved further that the Management
must provide the Board of Directors a list of accounts to be written off and also
provide the same report to the Audit Committee and to the Internal Audit Unit.
Also, the legal action must start right after the account has been charged off. ”
6833-082812
“Resolved, to provide P 50,000.00 donation to the flood victims of Manila
last August 2012. Resolved further, that the donation be charged to theCommunity Development Fund of the CSR budget.”
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2013 Annual Representative Assembly
6834-082812
“Resolved, to direct Management to revisit the recommendations discussed
in the NATCCO Forum as regards to Disaster and Risk Management and be
implemented and practiced in MSU-IIT MPC .”
6843-082812
“Resolved, to adopt the Memorandum of Agreement between the City
government of Iligan and MSU-IIT MPC as corrected. “
6834-082812
“Resolved, to direct Management to revisit the recommendations discussed
in the NATCCO Forum as regards to Disaster and Risk Management and be
implemented and practiced in MSU-IIT MPC .”
6844-082812
“Resolved, that Mr. Restituto Abuan will continue to serve the unexpired
term of one (1) year of Ms. Lea Alagar, of which, the latter tendered her
resignation last August 28, 2012 . “
6835-082812
“Resolved, to approve the upcoming Fun Run on October 14, 2012 by the
Management and the Coop Life Assurance Center, along with its budget of P
200,000. 00 to be taken from the Coop Life Assurance Center funds.”
6845-090312
“Resolved, to adopt the re-aligned order of business as proposed such as:
1. Call to Order
2. Invocation, Coop Vision, Pledge and Coop Hymn
3. Certification of Quorum
4. Adoption of Proposed Agenda
5. Approval, confirmation and/or matters arising from the Exit
conference with the External Auditors
6. Chairperson’s Time
7. Committee reports8. Other Matters
9. Adjournment and Closing Prayer
6836-082812
“Resolved, to support the campaign of NAPC (National Anti-Poverty Commis-
sion) with regards to the cooperativizing of the Electric cooperatives, therefore
they must be registered in the Cooperative Development Authority. “
6837-082812
“Resolved, to endorse to the office of the President of the Philippines the ap-
pointment of Director Orlando Ravanera as the regular Executive Director of the
Cooperative Development Authority. “
6838-082812
“Resolved, to conduct the Kapihan sa Koop at least one Saturday per month or
as the need arises, according to the interesting topics. The Kapihan sa Koop is
scheduled at 6 a.m. to 8 a.m. “
6846-090312
“Resolved, to accept the External Audit presentation by BP & Co.”
6839-082812
“Resolved, that new branches to be opened will avail Loan Protection Plan
from the Mutual Benefit Association of NATCCO as proposed by Dr. Luis Carrillo.
Resolved further that Management be tasked to contact Dr. Carillo regarding
this matter. “
6847-090312
“Resolved, to target and implement the 20% Management and
administration fee for Sunshine product and Mr. Jorge Cloa will make the
necessary negotiations to CLIMBS.”
6840-082812
“Resolved, to provide the funding of P 85,000.00 for Youth Director Marie An-
toinettee C. Roxas for her Quebec trip as the Philippines’ representative of Youth
Cooperative. The said funding will be taken from the Coop’s CETF. Dir. M.A.C.
Roxas will depart on October 05, 2012. “
6848-090312
“Resolved, that members who have already completed the 25-year contri-
bution of their Sunshine plan, the coop will still remit their corresponding
premium to CLIMBS. Resolved further, that such payment will be taken
from the Member Protection Fund.”
6841-082812
“Resolved, create a three-man team to look into the due diligence of the
Salgado lot/property. This team is composed by Dir. Roberto E. Salarza as the
team’s Chairperson, Atty. Earl Charito J. Ruelo and Engr. Romeo S. Manzano,
Jr.as members.“
6849-090312
“Resolved, that effective in the 3rd Quarter of 2012, the Member Protec-
tion Fund, be given an interest expense of 6% per annum which will ac-
crue to the fund itself.”
6842-082812
“Resolved, to direct Management to look for a specialist to conduct a viability
and sustainability study regarding the subsidiarization of the Coop Academy
which includes the plan to make the Coop Academy into a future cooperative
institute with offerings of Preparatory, Elementary, Secondary and Tertiaryeducation.“
6850-090312
“Resolved, to authorize Dir. Paulino T. Sanchez to be a co-signatory with
the Chief Executive Officer for the Prulife Investment documents.”
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6851-090312
“Resolved, that henceforth, all midyear Pakigsayud will entail only the
Constitutional Committee reports such as Audit and Election Committee
reports will be included in the Cluster Assembly Pakigsayud, with the spe-
cial consideration of the Housing Committee report. All other committee
reports are to be published in the Annual Representative Assembly Paki-
gsayud.”
6861– 092512
“Resolved, to approve the MOA as proposed by MASS-SPECC regarding the
PMES with appropriate corrections by the Education Committee, and the MOA
be signed by the Chief Executive Officer of MSU-IIT MPC, effective September
25, 2012.”
6852-090312 “Resolved, to approve the schedule of the PMES Trainers’ training on
October 19-20, 2012 to be conducted by the Education committee and to
be participated by the Coop Member Development Officers.”
6862 – 092512 “Resolved, to accept the 6 items (letters a-f) of the Chief Executive Officer’s
report as presented.”
6853-090312
“Resolved, to approve the increase of the Gender budget in the amount
of P 350,000.00, in which composition be taken from the following, 10%
CETF is P142,862. 69, Operating Expenditures is P 102, 000.00 and CDF is
P 105, 137.31. Resolved further, to add the prize from the contest of the
Most Outstanding Gender Implementor in the amount of P15,000.00 to
the Gender budget. ”
6863– 092512
“Resolved, to authorize the Management to proceed with the ABS-CBN
engagement in celebration of the Diyandi festival. The engagement consists of
45 spots to be shown in Prime Time television programs for two weeks in the
amount of P50.000.00.”
6854-090312
“Resolved, that the Management will include GE and GAD in the annual
budget for the year 2013 with due reference to the Executive Order No.
273.”
6864– 092512
“Resolved, to approve the schedule of the Aflateen Orientation on September
26-27, 2012 to be facilitated by NATCCO. The orientation will be held at MSU-IIT
MPC Building Complex.”
6865 – 092512
“Resolved, to authorize MSU-IIT MPC Maranding Branch to open an account in
One Network Bank.”
6855-090312
“Resolved, accept the report of the Housing Committee, as rendered by
Dir. Teodula O. Rivera.”
6856-090312
“Resolved, to cloth Management with authority to realign Financial
Statements matters. Resolved further, that Management will provide
report to the Board of Directors regarding the changes made, with due
diligence with personnel from ACCU.”
6866 – 092512
“Resolved, to authorize the Chief Executive Officer to choose the participants
to the CDA Laboratory Forum on September 29, 2012 at Cagayan De Oro City.”
6867– 092512
“Resolved, to approve the Business Planning schedule on November 16-17,
2012.”
6857– 092512
“Resolved, to accept the August 07, 2012 Special BOD Meeting Minutes
as discussed.”
6858– 092512
“Resolved, to accept the August 28, 2012 Regular BOD Meeting Minutes,
including the corrections, as discussed.”
6868– 092512
“Resolved, to approve the solicitation of the MSU-IIT Mechatronics team
solicitation in the amount of P 20,000.00 and to be charged to CSR Committee.”
6859 – 092512
“Resolved, to accept the Treasurer’s report on September 25, 2012, as
discussed.”
6669-011012
“Resolved, to approve the increase of the number of seats of the Board of Directors
of MSU-IIT MPC from eleven (11) to thirteen (13) members as follows: two (2)
non-voting ex-officios (the Chairperson Emeritus and the Youth Director), four
(4) from the community, three (3) from the faculty and three (3) from the staff
of MSU-IIT, and one (1) representing gender-at-large. Accordingly, for purposes
of filling the vacancies during the March 2012 election of officers, the following
slots shall be due for election, namely: two (2) from the community, one (1) for
gender-at-large, one (1) from the staff, one (1) from the faculty, of MSU-IIT, in
accordance with the ELECOM Guidelines.”
6860 – 092512
“Resolved, to accept the Coop Academy Chairperson report on September
25, 2012, as discussed. Resolved further, that the CUIC basketball league
be sponsored of one trophy and P3, 000.00 charged to CSR Committee. ”
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2013 Annual Representative Assembly
6870– 100912
“Resolved, to accept the Audit Committee (letters A-G) report, as presented.”6880 – 100912
“Resolved, to accept the recommendations of the Audit Committee and
the Internal Audit, as follows:1. Immediate action should be taken by the Management and the BOD in order
for everyone in the coop to know that every offense committed in the institution has
corresponding disciplinary action;
2. Comprehensive audit should be conducted by Internal Audit Team in Tibanga
branch to determine the scope of the fraud she has committed and its total value;
3. The Management should immediately act on this matter and implement
sanctions in accordance with our Human Resource Manual and provisions under the
Labor Code that are relevant to the situation;
4. Considering the significance of the above audit findings, it is recommended
that the coop should implement sound internal control practices to prevent/minimize
fraudulent transactions. All vouchers made and supporting documents attached should
be verified by a person other than the one preparing it. It should also bear approval of the
Branch Manager or any other officer in charge;
5. Accounting transactions with different nature should be recorded separately.
NO single Journal Voucher should contain multiple accounting entries for different kinds
of transactions with different supporting documents;
6. With the on-going Head Office setup, existing savings accounts of coop staff
at the branches where they are working should be CLOSED. Immediate family members
of the staff should not be members of the branch where the related coop staff is working;
7. With the existence of ATM for payroll and NATCCO ATM, it is also recommended
that back office transactions to savings of staff and officers at MSU-IIT MPC regarding
cash advances, payroll and such should be minimized.
6871 – 100912
“Resolved, that henceforth, any act of dishonesty committed by any MSU-IITMPC Managem ent or staff will be subjec t to preventive suspension immediately,
which includes cessation of all employee’s benefits and compensation; at that
juncture, if found guilty after due process, then the said Manag ement or staff must be terminated from his/her employment in MSU-IIT MP C without prejudiceto filing of criminal charges.”
6872 – 100912
“Resolved, to accept the Chief Executive O fficer’s report as presented.”
6873 – 100912
“Resolved, to approve the request of Tibanga-Main Branch to write-off the
unpaid petty cash and short-term loans of the deceased M rs. Elena Orbe and
charge it to Allowance for Probable Losses-Loans in the amount of P 7,612.12.”
6874 – 100912
“Resolved, to confirm the Memorandum of Agreement between the City Government
of Iligan and MSU-IIT with regards to the use of our Hinaplanon property as tent city.”
6881 – 100912
“Resolved, that the Audit Committee must recommend trainings for the
Internal Auditors and also for the Audit Committee.”
6882 – 100912
“Resolved, to accept the Treasurer’s report, as presented in Item 38- A to D.”6875 – 100912
“Resolved, to accep t the Chairperson’s report, as presented.”
6876 – 100912
“Resolved, to approve the reimbursement of expenses of Dr. Emma A. Nievaduring the NATCCO Ownership Meeting at Cagayan de Oro City last September
29, 2012.”
6883– 100912
“Resolved, to approve that a Special Savings for Housing be implemented
with deposit amount not less than P1, 000.00 that earns 8% per annum.
The said Special Savings shall be locked-in within 24 months and will be
in multiples of P1, 000.00 effective as soon as the contracts are available.”6877– 100912
“Resolved, to accept the committee reports (Item 28-A to C) rendered by Dir. Roberto
E. Salarza, as presented.”
6878– 100912
“Resolved, to approve the proposed policies o f the Education committee regarding the
Lakbay-Aral, as specified:
1. No branch office will be closed because of lakbay aral. A skeletal staff
should at least be in place to continue COOP operations;
2. A lakbay aral group should not be more than 50 coop personnel headed by
CEO/designated senior management personnel;
3. A regular staff may join the lakbay aral every other year as per plan by
management;
4. A lakbay aral should incorporate a program for exposure or training essen-
tial to staff development in relations to the operations of the COOP;5. A written report or documentation must be submitted to the BOD thru the
secretary for reference and review;
6. The lakbay aral must have an approved budget as part of the annual
budget.
6884– 102312
“Resolved, to confirm the Memorandum of Agreement signed by the BOD
Chairperson between Philhealth and MSU-IIT MPC regarding the KASAPI
(I-group) program.”
6885– 102312
“Resolved, to approve the purchase of Mr. Jesus Gaite’s property to be used
as backfill materials of the Housing Coop, with the understanding that the
budget will be taken from the budget of the land filling materials allo-cated by the Housing Coop. Resolved further that the 3-man committee
are the responsible people to look into the due diligence of the property.”
6879 – 100912
“Resolved, to approve the proposed policies of the Education committee regarding the
revisions of the General Assembly attendance, as stipulated:
1. BOD Chairperson, BOD members, CEO and COO may attend at most two apex GA’s per
year (NATCCO, MASS-SPECC, CLIMBS) as per previous practice. This includes apex GA where the
BOD member is an elected/appointed officer and designated as official delegate of the COOP;
2. Constitutional committee members may attend one apex GA per year;
3. Regular COOP personnel may attend one apex GA as assigned by the CEO.
6886– 102312
“Resolved, to approve the purchase of the Purificacion Sevidal lot, sub-
ject to availability of funds.”
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6887– 102312
“Resolved, to allow the past Chairpersons and encumbent officers of
MSU-IIT MPC, including the Branch Managers within Iligan City to attend
the ICCDC-CUIC Cooperative Month Culmination.”
6895– 111312
“Resolved, to approve that a Special Savings for Housing be implemented with
deposit amount not less than P1, 000.00 that earns 8% per annum. The said
Special Savings shall be locked-in within 24 months and will be in multiples
of P1, 000.00 effective as soon as the contracts are available. Resolved further,
that an individual member can only invest up to a maximum amount of
P50,000.00. A withdrawal of an investment before the two-year lock-in period
cannot avail of the 8% annual interest. If such transpires, the interest rate to
be granted will be the ordinary time deposit interest rate. The cut-off date ofthe investment’s placement will be on January 1, 2013 assuming that the P5
Million ceiling of the investment has been reached.”
6888– 102312
“Resolved, to approve the donation in the amount of P 5,000.00 to be
given to CDA for the Coop month culmination night, on top of the P
260.00 registration fee for those who will join the activity.”
6899– 111312
“Resolved, to allow the Chief Executive Officer to represent the Coop in the
Credit Surety Fund Launching on January 8, 2013 and invest P 1 Million. Re-
solved further, that this investment will be in a 24-month lock-in period and
must be assessed, withdrawn, or renewed after 2 years, depending on the
assessment or the condition of the surety fund if it meets the interest of the
Coop.”
6889– 102312
“Resolved, as interim policy subject to amendments eventually, that
officers, staff and members whose total accumulated loans from all
windows already exceeds P100, 000.00 shall be collateralized.”
6900– 111312
“Resolved, to authorize MSU-IIT Coop Academy and Coop Life Assurance
Center to deposit checks in the MSU-IIT MPC Security Bank Account.”
6890– 102312
“Resolved, that the following polic y be adhered to: “No new loan accounts
shall be extended to a member with previously restructured loan subject to
certain conditions as provided in the MSU-IIT MPC’s Credit Policy Manual”.
6901 - 112712
“Resolved, to approve the proposed realignment of budget of the Election
Committee with the amount of P 180, 050.00.”
6891– 102312
“Resolved, to allow two (2) Officers and the Branch Managers to join the
Developing Cooperators’ Trainor’s Training at Celadon Pension House, Pala-
o, Iligan City on October 24-25, 2012. Resolved further, that five (5) Offic-ers and at least 3 Cagayan de Oro Branch Managers are allowed to attend
the MASS-SPECC Ownership Meeting on October 26-27, 2012 at CDO City.”
6902 - 112712
“Resolved, to accept the joint activity of MSU-IIT MPC’s Gender Committee,
CSR Committee and the Department of Trade and Industry – Iligan as regards
the on-going DTI training/seminar on Abaca fibre carpet making whichstarted on November 27-29, 2012.”
6892– 111312
“Resolved, to authorize the Treasurer and some Coop Managers to
participate in the MASS-SPECC training entitled Accounting for non-
accountants in the schedule that will be announced by MASS-SPECC.”
6903- 112712
“Resolved, that henceforth, Youth Committee members are entitled to a
transportation allowance of P 150.00 per member during their Youth com-
mittee regular meetings.”
6893– 111312
“Resolved, to allow Dir. Roberto E. Salarza, Dir. Eufemio L. Calio, Dir. Nina
Flor B. Batara, Dir. Rodolfo B. Trinidad, CEO Deal Noel D. Benegrado andMs. Janet A. Hernandez to join the MASS-SPECC Developing Cooperator
Trainer’s Forum in Samal Island, Davao provided that all participants have
submitted the required documents by MASS-SPECC.”
6904- 112712
“Resolved, that Management and Coop Academy must look for place/class-
rooms to rent for the students of SY 2013-2014.”
6894– 111312
“Resolved, to formalize the signing of the MOA between NATCCO MBAI
and MSU-IIT MPC, with the assumption that the management has
studied the said Memorandum of Agreement carefully.”
6905- 112712
“Resolved, that the accredited facilitators-trainers namely, Dir. Roberto E.
Salarza, Dir. Eufemio L. Calio, Dir. Nina Flor B. Batara, Dir. Rodolfo B. Trinidad,
CEO Deal Noel D. Benegrado and BM Janet A. Hernandez will be the author-
ized persons to conduct seminars, trainings, courses, and educational events
organized by the Institute of Cooperative Studies (ICS) or its Cluster partners
in the area as per agreement with MASS-SPECC and that others would also be
invited to become trainers.”
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6906- 112712
“Resolved, to allow the Gender Committee Chairperson Dir. Ludivina G. Car-
bonell, Dir. Eufemio L. Calio and Gender Focal Person Ms. Ana B. Flores to join
the December 5-6, 2012 - “Public Awareness Conference on Gender Equality in
Manila, Philippines.”
6916- 120612
“Resolved, to accept the Coop care I-group report rendered by Dir.
Roberto E. Salarza.”
6907- 112712
“Resolved, that CSR will handle the “Nurture Trees, Save Earth” tree-nurturing
activity in partnership with Mindanao Development Authority – Nurtur-
ing Our Waters (MindaNOW) program. This will be a 3-year tree-nurturingpartnership with DENR and a People’s Organization (P.O.) Resolved further,
that the Coop will donate P25,000 budget for 1 (one) hectare of land which
includes 500 seedlings to be nurtured by the local community of the area as
part of the program and the budget will be taken from the CSR committee.”
6917- 120612
“Resolved, to approve the payment of P1, 200.00 for 2,450 members for the
PHIC Kasapi (Igroup) that will benefit our members until December 2013.
The total amount is P 2.94 Million to be sourced from our membership
protection plan with the cost of 6% per annum and to be collected from
the members on a monthly basis.”
6908- 112712
“Resolved, to approve the additional payment for the additional 500-square
meter lot in the amount of P 10,000.00 which is owned by Mr. Jesus Gaite
located at Brgy. Ubaldo Laya, Iligan City.”
6918- 120612
“Resolved, to approve the budget of Mr. Rex Sacayan as Website
administrator of MSU-IIT MPC, effective July 2012, based on the rate
stated in the contract.”
6909- 112712
“Resolved, to approve the guidelines for takers of the Housing cooperative
which was presented by Engr. Romeo S. Manzano, Jr., subject to refinements.”
6919- 120612
“Resolved, to approve the reactivation of the dormant members ofSunshine, effective January 2013 in which a re-joining fee of P100.00 will
be collected.”
6910- 120612
“Resolved, to approve that MSU-IIT MPC will avail of a loan from DBP Credit
line facility offered for the Housing Coop project and Coop academy and all in-
terests will be charged to the Housing Coop and the Coop Academy. Resolved
further, that after a 2-year period, the Savings and Credit operations will pay
the loan from its fund, and re-avail of it and all interests incurred will still be
charged to the projects that will eventually use the amount loaned.”
6920- 120612
“Resolved, to approve the P 20,000.00 donation to MAGROW MPC which
is located in Compostela Valley, as they were seriously affected by the
Typhoon Pablo. The donation will be charged to CSR Committee.”
6911- 120612
“Resolved, to approve the consolidation of the loans of the employees, with the extension ofrepayment from 5 to 7 years, effective immediately and including the savings accounts of the
Coop officers. The Management will formulate its implementing rules and guidelines. Resolved
further, that the savings accounts of the elected Coop officers be moved to the Head Office.”
6921- 121812
“Resolved, to approve the proposed schedule of the 4th AnnualRepresentative Assembly which will be on March 23, 2013, 7 a.m. to 12
noon and the venue is still for confirmation.”
6912- 120612
“Resolved, to approve the suggestion of Dir. Wilfredo A.Dimamay to formulate a new Special
Savings product for the Coop Academy. Resolved further, that a contract will be formulated and
approved by the Board of Directors.”
6922- 121812
“Resolved, to approve the P 80,000.00 donation of MSU-IIT MPC to the Ty-
phoon Pablo survivors in Compostela Valley. The management is author-
ized to give the donation to the said typhoon survivors and the budget will
be taken from the CSR funds.”
6913- 120612
“Resolved, to implement the rotation of Management staff in a per cluster basis on a 3-monthterm starting next year, and the mechanism of which will be handled by top Management.”
6923- 121812
“Resolved, to approve the writing-off of accounts presented by the ChiefExecutive Officer during the December 18, 2012 Regular Board meet-
ing, but in so doing the Management is urged to also resurrect the Asset
Recovery Unit to collect the said accounts that were written off. Resolved
further, that a report to the Board must be submitted periodically regard-
ing the progress of the accounts.
6914- 120612
“Resolved, to approve the proposal of Management for the release of the 2012 Christmas bonus
to employees and elected Officers of MSU-IIT MPC with the amount same given as of the year
2011.”
6915- 120612
“Resolved, to approve the upcoming schedules of the Finance and Marketing
Consultations to be conducted by VRV and the training of the Audit Committee
to be conducted by NATCCO on December 17-19, 2012 and December 27-29,
2012, respectively.”
6924- 121812
“Resolved, that henceforth, Management should periodically submit
a written report on a 30-day basis to the Board of Directors. Resolved
further, that this will be a part of the branch’s performance evaluation
and key result areas.”
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6925- 121812
“Resolved, that Dir. Paulino T. Sanchez, Dir. Roberto E. Salarza, Dir. Wilfredo
A. Dimamay, CEO Deal Noel D. Benegrado, and Ms. Abegail F. Yamba are the
participants for the “Becoming Whole Brain Leaders” Training on January 8-10,
2013 to be held at Antipolo City.”
6929- 121812
“Resolved, to approve the credit line facility, including the agreed guidelines.”
6926- 121812
“Resolved, to approve the “Venture capital for social investment” product.
Resolved further, that the details be presented by the Management nextmeeting.”
6930- 121812
“Resolved, to approve the payment for the excavation tax in the amount of P 96,
000.00. Resolved further, that MSU-IIT MPC will donate P10, 000.00 worth of food asa token to the City Environment Municipal Office.”
6927- 121812
“Resolved, to approve the car financing loan, including the agreed guidelines.”
6931- 121812
“Resolved, to approve that the deferred assets shall be funded by the reserve funds, as
per recommendation of the ACCESS auditors. Resolved further that the reserve fund
be augmented from the other fund sources .”
6928- 121812
“Resolved, to approve the motorcycle financing loan, including the agreed
guidelines.”
6932- 121812
“Resolved, to authorize the election of a total of 5 Audit Committee members and
5 Election committee membersdespite awaiting the CDA approval of the Amended
Articles of Cooperation and
ByLaws.”
Yani Jimenez - LacbayenActing BOD Secretary
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Notes 2 0 1 2 2 0 1 1
A S S E T S
Current Assets
Cash and cash equivalents 4 P 45,002,479 P 41,505,334 Loans receivable- net 5 189,021,073 176,458,364 Other receivables- net 6 17,999,126 12,414,935
Held-to-maturity investments 7 157,685,461 142,316,089
Funds held by trustee / fund managers 8 15,286,065 -
Prepayments and other current assets 9 3,711,093 2,807,757
Total Current Assets 428,705,297 375,502,479
Noncurrent Assets
Loans receivable-net 5 282,699,044 217,094,589
Held-to-maturity investments-net 7 9,749,932 1,519,874
Property and equipment-net 10 62,203,472 57,684,144
Investment property 11 2,133,127 2,133,127
Investments in non-marketable equity securities-net 12 12,122,683 11,598,197
Deferred interest on special savings deposits 13 - 40,489,934 Other noncurrent assets 14 1,784,113 1,492,458
Total Noncurrent Assets 370,692,371 332,012,323
TOTAL ASSETS P 799,397,668 P 707,514,802
L I A B I L I T I E S A N D M E M B E R S' E Q U I T Y
Current Liabilities
Deposit liabilities 15 P 349,290,174 P 291,377,724 Trade and other payables 16 14,886,683 12,162,930 Current portion of long-term debt 17 13,496,731 11,716,090 Interest on share capital and patronage refund payable 19 13,851,623 17,143,522
Total current liabilities 391,525,211 332,400,266
Noncurrent Liability
Long-term debt, net of current portion 16 155,212,408 141,023,551 Total Liabilities 546,737,619 473,423,817
Members' Equity
Share Capitalommon s are
Authorized - 5,400,000 shares at P50 par value
Subscribed - 4,355,529 shares in 2012 and
3,509,592 shares in 2011 217,776,450 175,479,600 re erre s are
u or ze - , s ares a par va ue - -
Total Share Capital 217,776,450 175,479,600
Donated Capital 988,018 688,018
Unrealized Gain on Funds Held by Trustee 8 286,065 -
Statutory Reserves
General reserve fund 19 14,300,504 34,507,399 Cooperative education and training fund 19 1,036,752 2,066,601 Community development fund 19 560,045 916,047 Optional fund 19 17,712,215 20,433,320
Total statutory reserves 33,609,516 57,923,367
Total Equity 252,660,049 234,090,985
TOTAL LIABILITIES AND MEMBERS' EQUITY P 799,397,668 P 707,514,802
(The notes on pages 7 to 29 are an integral part of these financial statements)
MSU-IIT MULTI-PURPOSE COOPERATIVE
STATEMENTS OF FINANCIAL CONDITION
December 31, 2012 and 2011
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Note 2 0 1 2 2 0 1 1
SHARE CAPITAL
Common share
Balance, January 1 P 175,479,600 P 139,509,900 Additional capital build up 42,296,850 35,969,700
Balance, December 31 217,776,450 175,479,600
DONATED CAPITAL
Balance, January 1 688,018 688,018
Additions 300,000 -
Balance, December 31 988,018 688,018
UNREALIZED GAIN ON FUNDS HELD BY TRUSTEE 8 286,065 -
STATUTORY RESERVES
General Reserve Fund
Balance, January 1 34,507,399 28,772,908
Distribution from net surplus 19 4,617,208 5,714,507 Uses of funds/adjustments during the period (24,824,103) 19,984
Balance, December 31 14,300,504 34,507,399
Cooperative Education and Training Fund
Balance, January 1 2,066,601 2,023,365
Distribution from net surplus 19 1,154,302 1,428,627
Uses of funds/adjustments during the period (2,184,151) (1,385,391)
Balance, December 31 1,036,752 2,066,601
Community Development Fund
Balance, January 1 916,047 858,953 Distribution from net surplus 19 692,581 857,176
Uses of funds/adjustments during the period (1,048,583) (800,082)
Balance, December 31 560,045 916,047
Optional Fund
Balance, January 1 20,433,320 18,696,430
Distribution from net surplus 19 1,616,023 2,000,078
Uses of funds/adjustments during the period (4,337,128) (263,188)
Balance, December 31 17,712,215 20,433,320
33,609,516 57,923,367
TOTAL MEMBERS' EQUITY P 252,660,049 P 234,090,985
(The notes on pages 7 to 29 are an integral part of these financial statements)
MSU-IIT MULTI-PURPOSE COOPERATIVE
STATEMENTS OF CHANGES IN MEMBERS' EQUITY
For the Years Ended December 31, 2012 and 2011
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Notes 2 0 1 2 2 0 1 1
CASH FLOWS FROM OPERATING ACTIVITIES
Net surplus for distribution P 23,372,104 P 28,572,537
Adjustments for:
Provision for credit losses 5 12,458,092 12,182,536
Provision for doubtful account 6 249,305 2,094,853
Write offs during the year 5 & 6 (13,371,066) (12,074,090)
Unrealized gain on investments 8 286,065 -
Depreciation and amortization 10 6,423,324 4,471,842Provision for members' protection plan 18 682,182 740,300 Provision for university cooperative assistance 18 38,394 50,000 Provision for employees' retirement 20 2,145,750 950,000
Net surplus before working capital changes 32,284,150 36,987,978
Changes in working capital:
(Increase)decrease in assets:
Loans receivable 5 (77,344,190) (49,548,044)
Other receivables 6 (5,762,788) (3,014,039)
Prepayments and other current assets (903,336) (614,462)Deferred interest on special savings deposits 13 40,489,934 5,915,172
Increase in current liabilities:
Deposit liabilities 15 57,912,450 62,604,557
Trade and other payables 16 2,723,753 1,812,031
Cash generated from operations 49,399,973 54,143,193
Collection from previously written off accounts 756,566 465,480
Payment of interest on share capital and patronage refund (17,143,522) (17,179,054)
Net cash flows provided by operating activities 33,013,017 37,429,619
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisition of property and equipment 10 (15,915,901) (17,760,818)
Additions to other noncurrent assets 14 (291,665) (558,579)
Additions in held-to-maturity investments 7 (23,599,430) (87,009,575)
Additions in funds held by trustee / fund managers 8 (15,286,065) -
Additions in investments in non-marketable equity securities 12 (595,194) (2,002,478)
Net cash flows used in investing activities (55,688,255) (107,331,450)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt 17 15,969,498 7,450,013
Additional members' contribution 42,296,850 35,969,700
Additions to donated capital 300,000 -
Disbursement from or adjustment in statutory reserves (32,393,965) (2,428,677)
Net cash flows provided by financing activities 26,172,383 40,991,036
NET INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS 3,497,145 (28,910,795)
CASH AND CASH EQUIVALENTS, January 1 41,505,334 70,416,129
CASH AND CASH EQUIVALENTS, December 31 P 45,002,479 P 41,505,334
(The notes on pages 7 to 29 are an integral part of these financial statements)
For the Years Ended December 31, 2011
MSU-IIT MULTI-PURPOSE COOPERATIVE
STATEMENTS OF CASH FLOWS
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MSU-IIT MULTI-PURPOSE COOPERATIVE
NOTES TO FINANCIAL STATEMENTS
December 31, 2012 and 2011
NOTE 1 – COOPERATIVE INFORMATION/TAX EXEMPTION
MSU-IIT Multi-Purpose Cooperative (The Cooperative) was originally registered with the Bureau of Cooperatives
Development on February 16, 1978 under the provisions of Presidential Decree (PD) No. 175 and was confirmed by
the Cooperative Development Authority (CDA) on March 22, 1991 with registration no. CR-CGY-025. Under
Republic Act (RA) 9520, the Cooperative re-registered with the CDA on January 19, 2010 with registration no. 9520-
10006491. The Cooperative’s identification number is CIN-0103100508. On May 16, 2011, the Cooperative was
conferred with the Certificate of Good Standing by the CDA and shall be valid and effective until April 30, 2012.
As a duly registered Cooperative in accordance with RA no. 6938 (An Act to ordain a Cooperative Code of the
Philippines) and as amended by RA no. 9520 (otherwise known as the “Philippine Cooperative Code of 2008”)
which took effect on March 22, 2009, the Cooperative dealing/transacting business with members only, is exemptfrom paying the following taxes:
Income tax on income from operations;
Value-Added Tax (VAT) under section 109 pars. ( r ), ( s ), ( t ) and ( u ) o f the Tax Code of 1997;
Three percent (3%) percentage tax under section 116 of the Tax Code of 1997;
Donor’s tax on donations to duly accredited charitable, research and educational institutions and
reinvestment to socio-economic projects within the area of operation of the Cooperative;
Excise tax under Title VI of the Tax Code of 1997;
Documentary stamp tax imposed under Title VII of the Tax Code of 1997, provided however, that the other
party of the taxable document/transaction who is not exempt shall be the one directly liable for the tax; and
Annual registration fee of P500 under section 236 (B) of the Tax Code of 1997.
The Cooperative obtained its new certificate of tax exemption (CTE) from the Bureau of Internal Revenue as
required by RA 9520 on December 27, 2011. The CTE is valid for 5 years or until December 31, 2016 unless
revoked earlier by the BIR.
The Cooperative’s new principal place of business is located at 2nd Floor, MSU-IIT MPC Building, Quezon Avenue
Ext., Palao, Iligan City. It maintains branch offices at Barangays of Palao, Kiwalan, Buru-un, Tubod, Poblacion,
Suarez (all in Iligan City) and Maranding in Lala, Lanao del Norte, Manticao in Misamis Oriental and Bulua, Cogon,
Carmen and Puerto in Cagayan de Oro City with satellite offices at Tubod, Lanao del Norte. The Cooperative also
operates an academy and assurance center. On various dates in 2012, the Cooperative expanded its operations and
opened four (4) more branches and one (1) satellite as follows:
o February 18, 2012 Puerto Branch – Cagayan de Oro City
o March 8, 2012 J.C. Aquino Branch – Butuan City
o October 18, 2012 Langihan Branch – Butua City
o August 18, 2012 Pagadian Branch – Pagadian Cityo October 20, 2012 Laguindingan Satellite – Laguindingan, Misamis Oriental
The financial statements for the year ended December 31, 2012 were approved and authorized for issue by the Board
of Directors on March 5, 2013.
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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING AND FINANCIAL REPORTING POLICIES
Basis of Preparation
The financial statements have been prepared in accordance with Financial Reporting Standards applicable to
Cooperatives in the Philippines, taking into consideration Cooperative laws, rules, regulations, and principles using
the historical cost basis of accounting. The financial statements are presented in Philippine pesos, the Cooperative’s
functional currency and all values represents absolute amounts except when otherwise indicated.
To facilitate the understanding of the financial statements, the more significant accounting policies and practices of
the Cooperatives are summarized as follows:
PAS 1 -“Presentation of Financial Statements” - Provides framework of financial statements presentation. It requires
more specific statement of financial condition line items such as tax liabilities, provisions, non-current interest-
bearing debt, among others; financial statements must be comparative; and has a number of new disclosure
requirements. The standard also requires presentation of comparative information.
PAS 8 - “Accounting Policies, Changes in Accounting Estimates and Errors” – The standard is applied in selecting
and applying accounting policies and accounting for changes in accounting policies, changes in accounting estimates
and correction of prior period errors.
PAS 10 -“Events After Reporting Date” – The standard is applied in the accounting for and disclosure of events after
the reporting date.
PAS 16 -“ Property and Equipment” – The standard provides additional guidance and clarification on recognition and
measurement of property and equipment; requires capitalization of the costs of asset dismantling, removal or
restoration; and requires measurement of an item of property and equipment acquired in exchange for a non-
monetary asset or a combination of monetary and non-monetary assets at fair value, unless the exchange transaction
lacks commercial substance. The standard also provides guidelines for derecognition (e.g., disposal).
PAS 19 - “Employee Benefits” – Prescribes the accounting and disclosure for employee benefits, including short-
term benefits( wages, annual leave, sick leave, annual profit-sharing bonuses, and non-monetary benefits); pensions,
post- employment life insurance and medical benefits and other long – term employee benefits (long-service lease,
disability, deferred compensation, long-term profit sharing and bonuses, and equity compensation).
PAS 24 -“Related Party Transactions” – This standard applies in: (a) identifying related party relationship
transactions; (b) identifying outstanding balances between an entity and its related parties; (c) identifying the
circumstances in which disclosures to be made about these items.
PAS 36 – “Impairment of Assets” – This standard applies in accounting for the impairment of assets other than those
covered by separate standards.
PAS 2 – “Inventories” – Prescribes the accounting treatment for inventories.
PAS 7 – “Cash Flow Statements”- Prescribes the provision of information about the historical changes in cash and
cash equivalents of an entity by means of a cash flow statement which classifies cash flows during the period from
operating, investing and financing activities.
PAS 38 – “Intangible Assets” – Prescribes the accounting treatment for Intangible Assets not dealt with specifically
in another standard.
PAS 32 and 39 – “Financial Instruments”-Prescribes the accounting treatment, presentation and disclosure
requirements for Financial Instruments.
PAS 40 – “Investment Property” – Prescribes the accounting treatment and disclosure requirements for Investment
Property.
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The Cooperative adopted all applicable PFRS, except for items presented and discussed below as allowed by
Philippine Financial Reporting Standards applicable to Cooperative laws, rules, regulations and principles:
Classification of members’ shares as financial liability as required by Philippine Accounting Standard (PAS)
32.
Apply retrospective restatement when the Cooperative changes an accounting policy or reclassifies items that
affects income expense as required by PAS 1 (revised 2007).
Under PAS 18, interest income shall be recognized using effective interest method as set out in PAS 39
paragraph 9. However, for credit and other Cooperatives, recognition of interest income is on a modified
accrual basis (i.e., interest income, fines, penalties and surcharges shall be recognized when earned and
actually collected). This is so because only interest income, fines, penalties and surcharges on loans
receivable that has been realized ( i.e., earned and collected) shall be the basis of the income available for
distribution to its members through interest on share capital and patronage refund.
Functional and Presentation CurrencyItems included in the Cooperative’s financial statements are measured using the currency of the primary economic
environment in which the entity operates (the “functional currency”). The financial statements are presented in
Philippine Peso, which is the Cooperative’s functional and presentation currency.
Financial AssetsFinancial assets include cash and other financial instruments. The Cooperative classifies its financial assets, other
than hedging instruments, into either of the following categories: loans and other receivables and held-to-maturity
investments and investments in non-marketable equity securities. Financial assets are assigned to the different
categories by management on initial recognition, depending on the purpose for which the investments were acquired.
The designation of financial assets is re-evaluated at every reporting date at which date, a choice of classification or
accounting treatment is available, subject to compliance with specific provisions of applicable standards.
Cash and cash equivalents comprise of cash on hand, deposits with banks, and other short-term highly
liquid investments with original maturities of three months or less from dates of acquisition, and time
deposits with banks that can be pre-terminated anytime.
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not
quoted in an active market. They arise when the Cooperative provides money to the members with no
intention of trading the receivables. They are included in current assets, except for maturities greater than 12
months after the end of the financial reporting period which are classified as non-current assets.
Allowance is provided when there is objective evidence that the Cooperative will not be able to collect all
amounts due to it in accordance with the original terms of the receivables.
Allowance for probable losses is maintained at a level considered adequate to provide for potential losses on
loans and other resources. The allowance is increased by provision charged to operations and reduced by
write-offs. The allowance is set up at the higher of the amount based on management’s evaluation of
potential losses after consideration of prevailing and anticipated economic conditions and with the amount
arrived at after considering the following provisioning requirement on past due loans:
Allowance required as a
percent to past due loans
Past due for 1 to 365 days 35%
Past due for more than 365 days 100%
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Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and
a fixed date of maturity. Investments are classified as held-to-maturity if the Cooperative has the positive
intention and ability to hold them until maturity. In addition, if there is objective evidence that theinvestment has been impaired, the financial asset is measured at the present value of estimated cash flows.
Any changes to the carrying amount of the investment are recognized in profit or loss.
Investments in non-marketable securities (INMES) refer to equity instruments that do not have a quoted
market price in an active market, and whose fair value cannot be reliably measured. INMES shall be
measured upon initial recognition at fair value plus transaction costs that are directly attributable to the
acquisition of the security. After initial recognition, the Cooperative shall measure INMES at cost. A gain orloss arising from the changes in fair value of the INMES shall be recognized in the statement of operations
when the security is derecognized or impaired.
The Cooperative shall assess at each time it prepares its financial statements whether there is any objective
evidence that an INMES is impaired. If there is objective evidence that an impairment loss has been incurredon an INMES, the amount of impairment loss is measured as the difference between the carrying amount of
the security and the estimated future cash flows discounted at the current market rate of return for a similar
financial instrument.
Prepayments Payments made in the current year that will be used in the future periods are carried as prepayments and to be
amortized over the period benefited.
Property and Equipment
Property and equipment are initially stated at cost less subsequent depreciation, amortization and any impairment
losses. The initial cost of property and equipment comprises its construction cost or purchase price and any directlyattributable costs of bringing the asset to its working condition and location for its intended use. Expenditures
incurred after the fixed assets have been put into operation, such as repairs and maintenance, are normally charged to
expense as incurred. In situations where it can be clearly demonstrated that the expenditures have resulted an increase
in the future economic benefits expected beyond its originally assessed standard of performance, the expenditures are
capitalized as an additional cost of property and equipment.
Depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows:
Range
Land improvements 2-20 years
Building and improvements 2-20 years
Furniture, fixtures and transportation equipment 2-5 yearsOther properties 2 years
The useful life and depreciation method are reviewed periodically to ensure that such useful lives and depreciation
method are consistent with the expected pattern of economic benefits from the use of property and equipment.
Construction in progress represents properties under construction and is stated at cost. The account is not depreciated
until such time that the assets are completed and available for use.
An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected
to arise from the continued use of the asset. Any gain or loss on derecognition of the asset is included in the income
statement in the year the item is derecognized.
Investment PropertyInvestment property is measured at acquisition cost. Investment property is derecognized upon disposal or when
permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gain or loss on
the retirement or disposal of an investment property is recognized in the statement of operation in the year of
retirement or disposal.
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Intangible Assets
Intangible assets include acquired licenses on computer software used in administration which is accounted for under
the cost model. The cost of the asset is the amount of cash or cash equivalents paid to acquire an asset. Capitalizedcosts are amortized on a straight-line basis over the estimated useful lives ranging from 2 to 4 years as the lives of
these intangible assets are considered limited. Costs associated with maintaining computer software are expensed as
incurred.
Recognition of Revenue
Revenue is recognized to the extent that it is probable that the economic benefits associated with the transactions will
flow to the Cooperative and the revenue can be reliably measured. Revenues from transactions of the Cooperative arerecognized on a modified accrual basis as follows:
Interest on loans, services fees, fines, penalties and surcharges. As a rule, cooperatives adopt the accrual
basis of accounting. However, for credit and other cooperatives, recognition of revenues is on a modified
accrual basis (i.e., interest income, fines, penalties and surcharges shall be recognized when earned andactually collected). This so because only interest income, fines, penalties and surcharges on loans
receivable that has been realized (i.e. earned and collected) shall be the basis of the income available for
distribution to its members through interest on share capital and patronage refund.
Interest income on deposits and investments. Income is recognized as the interest accrues taking intoaccount the effective yield on the assets.
Rendering of services. Revenue from school operations and coop assurance are recognized based on
accrual method of accounting.
Costs and expenses, not directly attributable to capitalizable assets or projects, are recognized in the statement ofoperations upon utilization of the service and goods or at the date they are incurred. Finance costs are reported on an
accrual basis.
Operating LeasesThe determination of whether an arrangement is, or contains a lease is based on the substance of the arrangement and
requires an assessment of whether the fulfillment of the arrangement is dependent on the use of the specific asset orassets and the arrangement conveys a right to use the asset. A reassessment is made after the inception of the lease
only if one of the following applies:
a. There is a change in contractual terms, other than a renewal or extension of the arrangement;
b. A renewal option is exercised or extension granted, unless that term of the renewal or extension wasinitially included in the lease term;
c. There is a change in the determination of whether fulfillment is dependent on a specified asset;
d. There is a substantial change to the asset.
When a reassessment is made, lease accounting shall commence or cease from the date when the change in
circumstances gave rise to the reassessment for scenarios a, c or d; and at the date or renewal or extension period forscenario b.
Cooperative as lessee
Leases where the lessor retains substantially all the risks and benefits of ownership of the assets are classified as
operating leases. Operating lease payments are recognized as expense in the profit or loss on a straight line basis overthe lease term.
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Due from Accountable Officers and Employees – refers to total collectibles from shortages and other losses
due from accountable officers and employees that are subject to immediate settlement/sanction. These are
recognized at cost, less allowance for impairment, if any.
Cooperative Development Cost – refers to expenses incurred prior to the actual operations of the
Cooperative. These are recognized at cost, subject to amortization for a period not exceeding 3 years
Other Funds and Deposits – refers to funds set aside for funding of reserves (Statutory and Other Reserves)
established by the Cooperative such as Retirement, Mutual Benefit and Other Funds. These are recorded at
cost.
LIABILITIES:
Interest on Share Capital Payable – refers to the liability of the Cooperative to its members for interest on
share capital, which can be determined only at the end of every year.
Patronage Refund Payable – is the liability of the Cooperative to its member and patrons for patronage
refund, which can be determined only at the end of every year.
Due to Union / Federation (CETF) – is an amount set aside for the education and training fund of an apex
organization wherein 50% of the amount is allocated by the Cooperative in accordance with provision of theCooperative’s by-laws and the Cooperative Code. The apex organization may either be a federation or union
of which the Cooperative is a member.
Revolving Capital Payable – is the deferred payment interest on share capital and patronage refund whose
payment has been withheld, which should be agreed-upon in the General Assembly.
Project Subsidy Fund Payable – unused portion of the donation/grant for training, salaries & wages, etc.
Mutual Benefit and Other Funds Payable – are funds for special purposes such as members’ welfare &
benefits, (i.e., loan protection, hospitalization, death, scholarship assistance, etc.) including provision for
accidents not taken from net surplus.
EQUITY:
Donations/ Grants – are amounts received by the Cooperative as awards, subsidies, grants, aids and others.
This shall not be available for distribution as interest on share capital and patronage refund, and shall form
part of the member’s equity in the Statement of Financial Condition.
Statutory Funds – are mandatory funds established/set up in accordance with Articles 86 and 87 of the
Cooperative Code. These are as follows:
Reserve Fund – amounts set aside for the stability of the Cooperative and to meet net losses in its
operations. It is equivalent to at least 10% of the net surplus. A corresponding fund should be set upeither in the form of time deposit with local banks or government securities. Only the amount in
excess of the paid up share capital may be used for the expansion and authorized investment of the
Cooperative as provided for in its By-laws.
Education and Training Fund – an amount retained by the Cooperative out of the mandatory
allocation as stipulated in the Cooperative’s by-laws but shall not be more than10% of the netsurplus.
Community Development Fund – This is, at the minimum, 3% of the net surplus. This is used for
projects or activities that will benefit the community where the Cooperative operates.
Optional Fund – fund set aside from the net surplus (should not exceed 10%) for future use such as
land and building, community developments, etc.
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EXPENSES:
General Assembly Meeting – expenses incurred in the conduct of regular/special general assembly.
Member’s Benefit – all expenses incurred for the benefit of the members.
Affiliation Fee - amount incurred to cover membership or registration fees and annual dues to a federation
or union.
Social & Community Service – expenses incurred by the Cooperative in its social community involvementincluding solicitations and donations to charitable institutions.
Provision for Member’s Future Benefits – amount set up for future benefit of members, such as pension of
members, etc. not taken from net surplus.
OTHER ITEMS:
Project Subsidy – refers to the amount deducted from project subsidy fund to subsidize project expenses.
This shall appear in the statement of operation as a contra account to Subsidized Project Expenses.
Donation and Grant subsidy – refers to an amount deducted from Donations and Grants account to subsidize
depreciation funded by donations and grants.
Optional Fund Subsidy – refers to an amount deducted from Optional Fund to subsidize depreciation funded
by Optional Fund and /or community development expense.
NOTE 3 - CRITICAL ACCOUNTING ESTIMATES, JUDGMENTS AND ASSUMPTIONS
Management’s Use of Judgments and Estimates The financial statements, prepared in conformity with Financial Reporting Standards applicable to cooperatives in the
Philippines, taking into consideration cooperative laws, rules, regulations and principles, requires the management to
make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.
Those estimates, judgments and assumptions used on the financial statements are based on management’s evaluation
of relevant facts and circumstances as of date of the financial statements. Actual results could differ from such
estimates.
The key estimates, judgments and assumptions concerning the future that has a significant risk of causing a material
adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:
Judgments
Selecting Functional Currency
Based on the economic substance of the underlying circumstances relevant to the Cooperative, its functional
currency has been determined to be the Philippine Peso. The Philippine peso is the currency that mainly
influences the Cooperative’s recognition and measurement of revenue and expenses.
Classification of Financial Instruments
The Cooperative classifies a financial instrument, or its component parts, on initial recognition as a financial
asset, a financial liability or an equity instrument in accordance with the substance of the contractual
agreement and the definitions of a financial asset, a financial liability or an equity instrument. The substanceof a financial instrument rather than its legal form, governs its classification in the statement of financial
condition.
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Determination of Operating Lease
The Cooperative has entered into various lease agreements as a lessor and as lessee.
Cooperative as lessee
The Cooperative has determined that lessor retains all significant risks and rewards of ownership of its
properties that are leased out on an operating lease.
Cooperative as lessor
The Cooperative has determined that it retains all significant risks and rewards of ownership of its properties
that are leased out on an operating lease.
Legal Contingencies
The estimate of probable costs for the resolution of possible claims is developed in consultation with outside
counsel handling the Cooperative’s complaints in these matters and is based upon an analysis of potentia lresults. As of December 31, 2021 and 2011, there are no significant legal cases filed against the Cooperative
and no provision for probable losses arising from legal contingencies was recognized in the Cooperative’sfinancial statements.
Estimates and Assumptions
Estimation of Allowance for Probable Losses
Provisions are made for accounts identified to be doubtful of collection. The level of allowance is evaluated
based on historical loss experience, current economic conditions, subsequent and possible collections andother risk factors obtained during the review of the status of existing receivables. Loans receivable, net of
allowance for credit losses, amounted to P 471,720,117 in 2012 and P 393,552,953 in 2011.
Estimation of Useful Lives of Property and Equipment
The Cooperative estimates the useful lives of property and equipment based on the period over which the
assets are expected to be available for use. The estimated useful lives of property and equipment are
reviewed periodically and are updated if expectations differ from previous estimates due to physical wearand tear, technical or commercial obsolescence and legal or other limits on the use of the assets. In addition,
estimation of the useful lives of property and equipment is based on collective assessment of industry practice, internal technical evaluation and experience with similar assets. It is possible, however, that future
results of operations could be materially affected by changes in estimates brought about by changes infactors mentioned above. The amounts and timing of recorded expenses for any period would be affected bychanges in these factors and circumstances. A reduction in the estimated useful lives of property and
equipment would increase recorded operating expenses and decrease non-current assets. Property and
equipment, net of accumulated depreciation amounted to P 62,203,472 in 2012 and P 57,684,144 in 2011.
Impairment of Property and Equipment
The Cooperative assesses at each reporting period whether there is an indication that property andequipment may be impaired.
Determining the value in use of property and equipment, which require the determination of future cashflows expected to be generated from the continued use and ultimate disposition of such assets, requires the
Cooperative to make estimates and assumptions that can materially affect the financial statements. Future
events could cause the Cooperative to conclude that property and equipment is impaired. Any resultingimpairment loss could have a material adverse impact on the Cooperative’s financial position and results of
operations.
The preparation of the estimated future cash flows involves significant judgments and estimates. While theCooperative believes that the assumptions are appropriate and reasonable, significant changes in theassumptions may materially affect the assessment of recoverable values and may lead to future impairment
charges.
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NOTE 4 – CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of:
2 0 1 2 2 0 1 1
Cash on hand and in banks P 41,301,189 P 37,909,575
Short-term placements 3,701,290 3,595,759
P 45,002,479 P 41,505,334
Cash in banks generally earn interest at rates based on daily bank deposit rates. Short-term placements are made for
varying periods between 1 to 3 months and earned interests ranging from 4.8% to 10.5% in 2012 and 2011.
Cash on hand includes chief cashier cash and checks, and petty cash and revolving funds amounting to P 11,837,454
in 2012 and P 8,480,003 in 2011.
NOTE 5 – LOANS RECEIVABLE
Loans receivable consist of:
Multi-purpose P 376,449,993 P 312,773,135Short-term 67,994,929 59,820,932
Petty cash 18,022,458 14,520,591
Car/equipment/appliance 10,946,100 9,197,141Marketing/medicines/PO’s 5,129,284 5,395,303
COSA real 4,858,283 5,468,215
Livelihood 3,489,038 2,573,418
Back-to-back 1,268,576 1,065,736
488,158,661 410,814,471
Less allowance for credit losses 16,438,544 17,261,518
P 471,720,117 P 393,552,953
The reconciliation of allowance for credit losses on loans follows:
Balance, beginning P 17,261,518 P 16,536,240
Provision 12,548,092 12,182,536
(Write-offs)reversals (13,371,066) (11,457,258)
Balance, end P 16,438,544 P 17,261,518
The above loans are provided to the Cooperative members to finance their various needs. These loans bear interest at
the rate of 1% to 2% a month and are collectible over a period of 1 to 5 years. The portion that becomes due in the
next twelve months is presented as part of the current assets. These loans are mostly secured by savings and share
capital of the member-borrowers.
The maturity profile of loans receivable follows:
Due within 1 year P 189,021,073 P 176,458,364
Due beyond 1 year 282,699,044 217,094,589
P 471,720,117 P 393,552,953
Past due accounts included in the foregoing, amounted to P 38,693,645 in 2012 and P 37,545,773 in 2011.
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The age of past due accounts follows:
2 0 1 2 2 0 1 1
Not more than 2 months P 12,029,620 P 10,952,530
More than 2 months but not more than 6 months 9,768,423 7,585,274
More than 6 months but not more than 1 year 8,027,052 10,074,912
More than 1 year 8,868,550 8,933,057
P 38,693,645 P 37,545,773
NOTE 6 – OTHER RECEIVABLES
Other receivables consist of:
Accrued interest on investments P 7,131,575 P 3,260,640
Student 3,818,066 2,742,767
Remittance to Coop Life Insurance and Mutual Benefit
Services Climbs 2,233,167 1,371,341
Loan to National Confederation of Cooperatives(NATCCO) MBA, Inc. 1,945,239 2,000,000
Banco Filipino 1,265,906 1,265,906Photocopy division 718,047 718,047
Cash advances to officers and employees 332,245 415,722
Others 4,094,463 4,001,497
21,538,708 15,775,920
Less: allowance for doubtful accounts 3,539,582 3,360,985
P 17,999,126 P 12,414,935
The reconciliation of allowance for doubtful accounts follows:
Balance, beginning P 3,360,985 P 1,882,964
Provision178,597
2,094,853
(Write offs)reversals - (616,832)
Balance, end P 3,539,582 P 3,360,985
Accounts receivable- Banco Filipino and Photocopy division are fully provided with allowance for doubtful
accounts. Accrued interest receivable pertains to interest receivable from short term placements to Natcco and Mass
Specc. Other receivable includes of receivable from account officers for their motor plan and various receivables
from both active and inactive members which are non-interest bearing.
NOTE 7 – HELD – TO – MATURITY INVESTMENTS
Held-to-maturity investments consist of:
MASS-SPECC central fund- time deposit P 105,664,133 P 85,981,490
NATCCO loan fund 59,501,888 57,592,745
Other investments 2,269,372 261,728
167,435,393 143,835,963
Less: Held-to-maturity investment – non-current 9,749,932 1,519,874
Held-to-maturity investments – current P 157,685,461 P 142,316,089
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January 1, Reclassed/ December 31,
2011 Additions Disposal 2011
Cost
Land and improvements P 12,080,371 572,767 - P 12,653,138
Building and improvements 12,120,977 31,246,957 170,769 43,197,165
Office, furniture and fixtures,
transportation and other equipment 13,289,065 3,791,443 97,001 16,983,507
Construction in progress 22,742,545 13,529,328 31,379,677 4,892,196
60,232,958 49,140,495 31,647,447 77,726,006
Accumulated Depreciation Building and land improvements 7,595,458 1,743,930 170,769 9,168,619
Office, furniture and fixtures,
transportation and other equipment 8,242,332 2,727,912 97,001 10,873,243
15,837,790 4,471,842 267,770 20,041,862
Net Book Value P 44,395,168 44,668,653 31,379,677 57,684,144
The Cooperative believes that there is no impairment on the property and equipment and that its net book value can
be recovered through use in operations.
NOTE 11 – INVESTMENT PROPERTY
The Cooperative’s investment property includes a parcel of land intended for the housing project to members. These
are recorded at cost.
NOTE 12 – INVESTMENT IN NON-MARKETABLE EQUITY SECURITIES - net
These consist of:
2 0 1 2 2 0 1 1Coop Life Insurance and Mutual Benefit Services (CLIMBS) P 5,998,760 P 5,011,790
National Confederation of Cooperatives (NATCCO) 3,241,117 3,497,104
MASS-SPECC Cooperative Development Center 2,405,699 2,190,845
Other investments 547,815 898,458
12,193,391 11,598,197
Less: Allowance for impairment loss 70,708 -
P 12,122,683 P 11,598,197
Other investments consist of investment in MINSAVE, PFCCO, PFWCI, CUIC and Coop Funeral Care. The
Cooperative’s management noted that the going concern of some of the Companies composing the other investments
is already doubtful. Accordingly, an allowance for impairment loss was provided for those investments.
NOTE 13 – DEFERRED INTEREST ON SPECIAL SAVINGS DEPOSITS
This represents interest expense on Special Savings deposits (Note 17) in years prior to 2010 which were accrued on
the current year and will be amortized over a period of 5 to 10 years pending clearance and opinion from CDA on the
appropriate acceptable treatment of such matter. However, in 2012 the BOD and the management decided to close
the outstanding balance of the account to the Cooperative’s statutory reserves.
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NOTE 14 – OTHER NONCURRENT ASSETS
Other noncurrent assets consist of:
2 0 1 2 2 0 1 1
Deposit on rent P 531,799 P 544,523
Refundable deposits 140,068 3,617
Others – net of amortization and allowance for impairmentloss 1,112,246 944,318
P 1,784,113 P 1,492,458
Others include books and references of the Coop Academy which is fully provided with allowance for impairment
loss, miscellaneous assets and computerization cost (licensed software). Amortization expense of the computerization
cost amounts to P 395,982 in 2012 and P 238,979 in 2011.
NOTE 15 – DEPOSIT LIABILITIES
Deposit liabilities consist of:
Savings P 218,866,391 P 174,304,082
Time 130,423,783 117,073,642
P 349,290,174 P 291,377,724
The savings deposits earn interest at 2% per annum and 4.6% to 6.5% per annum for time deposits.
NOTE 16 – TRADE AND OTHER PAYABLES
Trade and other payables consist of:
Trade payable account includes payables to suppliers of goods and services of the Cooperative.
Due to Union / Federation (CETF) represents unremitted balance of CETF set aside as share of the union / federationon the net surplus of the Cooperative.
Trade P 4,057,767 P 3,681,964Accrued expenses 2,104,753 1,340,860
Notarial fee 1,797,810 1,337,726
Due to Union / Federation (APEX) 1,154,301 1,609,007
Others 5,772,052 4,193,373
P 14,886,683 P 12,162,930
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NOTE 17 – LONG-TERM DEBT
Long-term debt consists of:
2 0 1 2 2 0 1 1
Special savings P 123,576,356 P 106,435,779
Members’ protection fund 29,959,782 35,243,482
Employees’ retirement payable 8,101,628 5,969,707
Healthcare and other funds 7,071,373 5,090,673
168,709,139 152,739,641Less: current portion 13,496,731 11,716,090
P 155,212,408 P 141,023,551
NOTE 18 - SERVICE OPERATIONS
Service operations consist of:
Coop Academy
Tuition fees- net P 4,696,497 P 3,876,283
School related fees 1,249,093 1,069,278Income from books, uniforms, and others 1,906,728 1,966,169
7,852,318 6,911,730
Less: Operating expenses 5,773,179 5,498,280
P 2,079,139 P 1,413,450
Coop Assurance
Commission P 4,506,943 P 3,129,153
Coop Care membership fee 422,086 467,700
Other income 196,200 -
5,125,229 3,596,853
Less: Operating expenses 1,674,138 1,393,851
P 3,451,091 P 2,203,002
NOTE 19 – OPERATING EXPENSES
This account consists of:
Members’ and Personnel Cost
Salaries and wages P 21,818,724 P 13,498,551
Allowances, honoraria and per diems 9,118,253 6,714,185
13th
month pay and other employee’s benefit 4,842,970 3,727,762General Assembly 4,215,926 3,919,961
Trainings and seminars 2,217,973 1,291,637
Provision for employees’ retirement 2,145,750 950,000
SSS, Philhealth and HDMF contributions 1,903,609 1,253,893
Staff and faculty development 1,160,435 403,960
Provision for university cooperative assistance 38,394 50,000
P 47,462,034 P 31,809,949
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2 0 1 2 2 0 1 1
Administrative ExpensesDepreciation and amortization P 6,185,824 P 4,078,285
Promotions 3,236,008 603,365
Rent 2,749,241 1,683,885
Office supplies 2,426,171 1,557,042
Security services 1,666,338 1,102,062
Light, power and water 1,592,655 1,287,256
Communication 1,335,556 618,084Insurance 1,317,289 815,592
Repairs and maintenance 1,017,860 651,733
Travel and transportation 894,974 617,064
Taxes, fees and charges 782,327 120,436
Professional fees 781,595 368,855
Meetings and conferences 695,146 683,128
Provision for members’ protection 682,182 740,300
Fuel and lubricant 624,145 510,127
Provision for doubtful accounts 267,305 1,996,262
Entertainment, amusement and recreation 108,119 169,656
Miscellaneous 2,394,092 2,114,803
P 28,756,827 P 19,717,935
TOTAL OPERATING EXPENSES P 76,218,861 P 51,527,884
NOTE 20 – DISTRIBUTION OF NET SURPLUS
Under the Cooperative’s By-laws, the net surplus shall be allocated as follows:
a.) Ten percent (10%) of the yearly net surplus is set-aside for the Cooperative Education and Training Fund
(CETF). One half of this amount, which is to be utilized by the cooperative for the education and training ofits officers and members, is presented as part of the “Statutory Reserves” account. The other half, which is
to be remitted to certain cooperative apex organization, is presented under current liabilities;
b.) Ten percent (10%) of the yearly net surplus is set-aside for the General Reserve Fund (GRF); and
c.) After providing for the above reserves, the remaining net surplus shall be allocated for other reserves asdetermined by the Board of Directors. Interest on capital and patronage refund shall also be determined by
the Board of the Directors, provided that interest on capital does not exceed the rate as prescribed by the
CDA. Net surplus is distributed / divided only at December 31.
On March 5, 2013, the BOD approved the following distribution of the net surplus:
General reserve fund 20%
Education and training fund 10%
Cooperative development fund 3%
Optional funds 7%
After providing the above reserves, the remaining net surplus shall be allocated for the interest on share capital and
patronage refund.
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NOTE 21 – RETIREMENT BENEFITS
The Cooperative provides for the estimated retirement benefits required to be paid under RA 7641 to all qualified
employees determined only based on its budgeted amount which was not computed actuarially. Provision for the
retirement benefits charged to operations amounted to P 2,145,750 on 2012 and P 950,000 on 2011.
NOTE 22 – OPERATING LEASES
The Cooperative has entered into various lease agreements for the premises of its head office and branches fromvarious lessors for a period ranging from 1 to 10 years expiring on various dates. The lease agreement stipulates
escalation and renewal clauses effective on the expiry date of the lease. Rent expense charged to operations amounted
to P 2,749,241 in 2012 and P 1,683,885 in 2011.
NOTE 23 – RELATED PARTY TRANSACTIONS
Key management compensation
Key management personnel compensation amounted to P 3,702,052 in 2012 and P 3,269,138 in 2011.
Savings deposits, time deposits and other investments with branches
The savings deposits, time deposits and other investments as well as the corresponding interest expenses andinvestment income of the branches to the main branch are fully eliminated in the consolidated financial statements.
NOTE 24 – RISK MANAGEMENT OBJECTIVES AND POLICIES
The Cooperative is exposed to a variety of financial risks in performing its activities. Its risk management is
coordinated with the BOD and focuses principally on securing short to medium-term cash flows by minimizing
exposures to financial markets.
The Cooperatives does not actively engage in the trading of financial assets for speculative purposes nor does it writeoptions. The most significant financial risks to which the Cooperative is exposed to are described below.
Credit Risk
The Cooperative is mostly exposed to credit risk, the risk that one party to the financial instrument will fail to
discharge an obligation and cause the other party to incur a financial loss. Generally, the maximum credit risk
exposure of financial assets is the carrying amount of the financial assets a shown on the face of the statement offinancial condition. Credit risk, therefore, is only disclosed in circumstances where the maximum potential loss
differs significantly from the financial asset’s carrying amount. The Cooperative manages the level of credit risk by
actively monitoring its portfolio to avoid significant concentrations of credit.
Liquidity RiskThe Cooperative is mostly exposed to liquidity risk, the risk that it will encounter difficulty in meeting its obligations
as they become due without incurring unacceptable losses or costs. The Cooperative’s objectives to manage its
liquidity profile are: a). to insure that adequate funding is available at all times; b). to meet commitments as they arisewithout incurring unnecessary costs; and c). to be able to access funding when needed at the least possible cost. The
Cooperative manages its liquidity by carefully monitoring its scheduled debt servicing payments for long-term
financial liabilities, as well as its cash flows due on its day-to-day operations.
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NOTE 25 - OTHER MATTERS / SUBSEQUENT EVENTS
Certain accounts in the 2011 financial statements were reclassified and rearranged to conform to the 2012
presentation of accounts. These reclassifications had no effect on previously reported results of operations.
On February 17, 2009, the President of the Philippines signed into law Republic Act No. 9520 “An ActAmending the Cooperative Code of the Philippines to be known as the ‘Philippine Cooperative Code of 2008’ ”.
The Code was published in a newspaper of general circulation on March 7, 2008 and took effect 15 days
thereafter or March 22, 2009.
Salient Features of RA 9520 – Philippine Cooperative Code of 2008
An act amending RA 6938 of 1992 known as the Cooperative Code of the Philippines.
The charter of Cooperative Development Authority(CDA) will be amended
PICPA will be involved in the preparation of the IRR
Allowed Deviations from PFRS
Presentation of donated capital as part of equity
Modified cash basis of accounting
Paid-up capital
Art.14 – Paid-up capital shall not be less than P15,000 (before P2,000) which may increase every 5
years upon consultation with the cooperative sector and NEDA
Members, Officers and Directors
Art.26 – Deleted [Who May Be Members of Cooperatives] and replaced with Kinds of
Membership – include a regular member and an associate member
Art. 27- All elective officials of the government shall be ineligible to become officers and directors
provided that the disqualification does not extend to a party list representative
Quorum
Art. 35 – At least 25% of all members entitled to vote; 5% for electric cooperatives; for cooperative
banks, according to Art. 99 of the code;
Term of BOD
Art.37 – Deleted [However, no director shall serve for more than 3 consecutive terms]
Committees of Cooperatives
Art.43 – The audit and election committees shall be elected by the general assembly and be directly
accountable and responsible to the general assembly.
Compensation
Art.46 – Directors and officers shall not be entitled to any per diem when, in the preceding calendar
year, the cooperative reported a net loss or had a dividend rate less than the official inflation rate
for the same year.
Books and Reports
Art.52 – The accountant or bookkeeper shall be responsible for the maintenance and safe keeping
of the books and records in accordance with GAAP.
Art.53 – Every cooperative shall draw up regular reports of its program of activities showing their
progress and achievements to be filed with CDA within 120 days (before 60 days) form the end ofthe calendar year.
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Taxation Art.61 – Transactions of members with the cooperative shall not be subject to any taxes and fees,
including but not limited to final taxes on member’s deposits and documentary tax.
Cooperatives with accumulated reserves and undivided net savings of more than P10M shall pay
the following taxes at full rate:
a.) Income tax – on the amount allocated for interest on capitals, provided that the same tax is not
consequently imposed on interest individually received by members; provided further that
cooperatives, regardless of classification, are exempt from income tax from the date of
registration with CDA. b.) VAT on transactions with non-members, provided that cooperatives duly registered with CDA
are exempt from payment of VAT subject to Section 109 SS L, M and N of the NIRC, as
amended.
c.) Cooperatives with accumulated reserves and undivided net savings of not more than P10 M
shall be exempt from all national, city, provincial, municipal or barangay taxes and fromcustom duties, advance sales or compensating taxes on importation or machineries, equipment
and spare parts used by them.
Donations and Other Assistance Art. 72 – Subsidies, donations, legacies, grants, aids and such other assistance from any local or
foreign institution whether public or private, provided that capital coming from such subsidies,
donations, legacies, grants, aids and other assistance shall not be divided into individual sharecapital holdings at anytime but shall instead form part of the donated capital or fund of the
cooperative. Upon dissolution, such donated capital shall be subject to escheat.
Share Capital Art.73 – No member of a primary cooperative other than a cooperative itself shall own or hold
more than 10% (before 20%) of the share capital Art.76 – The par value of a share may be fixed at any figure not more than P1,000 (before not less
than P1.00).
Audit Art. 80 – Cooperatives shall be subject to annual financial, performance and social audit
Art. 81 – Audit Report – The auditor shall submit to the BOD and audit committee the financial
audit report which shall be in accordance with GAAS for cooperatives as jointly promulgated by
the PICPA and CDA.
Thereafter, the BOD shall present the complete audit report to the general assembly in its next
meeting.
Order of Distribution of Net Surplus Art.86 – An amount for the reserve fund which shall be at least 10% of the net surplus, provided,
that in the first 5 years of operation after registration, this amount shall not be less than 50% of the
net surplus
a.) Education and training fund – not more than 10% of the net surplus; half of the amount
transferred to education and training fund annually shall be spent by the cooperative for
education and training, while the other half may be remitted to the union or federation
b.) Community development fund – not less than 3% of the net surplusc.) Optional fund, land and building, and any other necessary fund – the total of which shall not
exceed 7% (before 10%)
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d.) 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 investments and patronage refunds,
provided that any amount remaining after the allowable interest and the patronage refund have been deducted shall be credited to the reserve fund. The sum allocated for patronage refunds
shall be made available at the same rate to all patrons of the cooperative in proportion to their
individual patronage
On January 25, 2010, the Joint Congressional Oversight committee on Cooperatives approved the IRR that laid
down the guidelines for the grant of tax exemptions to cooperatives. The joint rules and regulations
implementing Articles 60, 61 and 144 of RA 9520 were signed by the Department of Finance, Bureau of InternalRevenue and CDA on February 5, 2010.
NOTE 26 – AMENDMENTS TO THE ARTICLES OF COOPERATION AND BY-LAWS
The Cooperative amended certain provisions of its articles of cooperation and by-laws in order to be more aligned
with its vision and mission. These amendments to certain provisions were adopted by two thirds (2/3) vote of the
members with voting rights and majority of its Board of Directors during the Representative Assembly held onMarch 31, 2012 at Lyceum of Iligan Foundation, Tubod, Iligan City, Philippines. The salient points of the relevant
amendments are summarized below:
Articles of Cooperation
Article I – Name of the Cooperative
The name MSU-IIT MULTI-PURPOSE COOPERATIVE shall be changed to MSU-IIT NATIONAL MULTI-
PURPOSE COOPERATIVE (MSU-IIT NMPC).
Article II – Purpose
The Cooperative included as one of its primary objectives the following activities:
To provide innovative savings and loan products, goods, and services for the members;
To develop expertise and skills among its members; To acquire lands and provide housing products and services to the members; To provide insurance products and services to members; To advocate for the cause and development of the cooperative movement; To utilize new technologies in the business operations of the coop and in promoting cooperativism; To establish subsidiary cooperatives; To provide/receive technical, managerial and financial assistance, grants, donations aids and others; To develop enterprises and generate employment opportunities, improve productivity, income and
purchasing capacity of members; To promote thrift and savings among members and stimulates capital formation for development.
Article V – Area and Business Operation
The area of operation of the Cooperative shall be NATIONWIDE, and its principal office shall be established or
located at Quezon Avenue Extension, Barangay Pala-o, Iligan City or in any place which the Board may
determine.
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Article IX – Capitalization
The Cooperative increased its authorized capital share from three (3) hundred thousand pesos to one (1) billion pesos which is now broken down as follows:
Eighteen million (18,000,000) common shares with a par value of P 50 pesos per share
Two million (2,000,000) preferred shares with a par value of P 50 pesos per share.
By-laws
Article II – Membership
This Cooperative shall have regular and associate members.
Article III – Governance
Subject to the provision of R.A. 9520 and regulations issued thereafter, final authority in the cooperative is
vested in the Annual Representative Assembly (ARA).
The MSU-IIT NMPC shall have two Membership Assemblies: The Branch Cluster Assembly and the
Annual Representative Assembly (ARA).
Article IV – Board of Directors
The business of the MSU-IIT NMPC shall be administered by a Board of Directors of at most fifteen (15)
elected members representing MSU-IIT faculty and staff employees as the founding entity, and the
community which composition shall be determined by the Board of Directors. A special or honorary non-
voting director(s) may be appointed by unanimous decision of all the Board of Directors who shall serve for
a fixed term, without necessarily being confirmed by the assembly.
Article V – Committees
In addition to the existing committees, the Board may create committees as may be deemed necessary for
the operation of the Cooperative as follows:
o Cooperative Social Responsibility Committee
o Gender Committeeo Investment Committee
o Member Welfare Committee
o Other Committees
Article XI – Allocation and Distribution of Net Surplus
The Cooperative aligned the order of its distribution of net surplus in its by-laws in accordance with RA
9520. The order of distribution is now as follows:
o At least ten percent (10%) of the undivided net surplus is allocated to the Reserve Fund.
o Not more than ten percent (10%) of the undivided net surplus is allocated for the Education and
Training Fund.
o At least three percent (3%) of the undivided net surplus is allocated to the Community Development
Fund.
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o At least three percent (3%) of the undivided net surplus is allocated to the Relief, Rehabilitation,
Recovery, and Reconstruction Fund.
o Not more than seven percent (7%) of the undivided net surplus is allocated for Optional Fund.
o 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 investments and patronage refunds. Provided that any
amount remaining after the allowance interest and patronage refund have been deducted shall be
credited to the reserve fund.
The Cooperative is now in the process of completing the pertinent requirements thereto for submission to the CDA
pending the approval of amendments in its articles of cooperation and by-laws.
NOTE 27 – SUPPLEMENTARY INFORMATION ON BIR REVENUE REGULATIONS (RR) NO. 15-2010
On November 25, 2010, the Bureau of Internal Revenue (BIR) issued RR No. 15-2010, amending certain provisions
of RR No. 21-2002, as amended and implementing Section 6 (H) of the Tax Code of 1997 which authorize the
Commissioner of Internal Revenue to prescribe additional and/or documentary requirements in connection with the preparation and submission of financial statements accompanying the tax returns.
The following information on taxes, duties and license fees paid/accrued during the calendar year ended December
31, 2012 is presented for purposes of compliance with the disclosure requirement by the BIR as provided for in its
RR No. 15-2010 and is not a required part of the basic financial statements in accordance with Philippine Financial
Reporting Standards applicable to Cooperatives in the Philippines:
Withholding taxes on:
Compensation P 1,678,706
Expanded 492,889
P 2,171,595
Items lodged in the taxes, fees and charges account:
Fees to the CDA for the increase in authorized capital shares 700,000Business permits and motor registration fees 82,327
Total P 782,327
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Sunshine Plan Claims
No. Of
Pax Amount
No. Of
Pax Amount
No. Of
Pax Amount No. Of Pax Amount
Tibanga 11 690,000.00 7 105,000.00 52 492,500.00 70 1,287,500.00
Palao 8 600,000.00 14 198,750.00 55 535,000.00 77 1,333,750.00
Kiwalan 3 225,000.00 6 63,750.00 15 135,000.00 24 423,750.00
Buruun 2 90,000.00 1 15,000.00 7 67,500.00 10 172,500.00
**Bacolod, LdN 1 18,750.00 1 7,500.00 6 25,000.00 8 51,250.00
Maranding 0 0.00 2 30,000.00 13 105,000.00 15 135,000.00
**Tubod, LdN 0 0.00 6 71,250.00 13 88,750.00 19 160,000.00
Bulua 2 93,750.00 4 48,750.00 8 67,500.00 14 210,000.00
Tubod 3 168,750.00 4 30,000.00 17 158,500.00 24 357,250.00
Poblacion 2 112,500.00 4 60,000.00 18 147,500.00 24 320,000.00
Manticao 0 0.00 2 22,500.00 6 55,000.00 8 77,500.00Cogon 1 30,000.00 2 18,750.00 31 255,000.00 34 303,750.00
Suarez 2 150,000.00 1 15,000.00 6 52,500.00 9 217,500.00
Carmen 0 0.00 1 3,750.00 9 60,000.00 10 63,750.00
Puerto 3 150,000.00 3 18,750.00 8 30,700.00 14 199,450.00
J.C. Aquino 2 47,500.00 3 11,250.00 6 25,000.00 11 83,750.00
Langihan 0 0.00 0 1 2,500.00 1 2,500.00
TOTAL 40 2,376,250.00 61 720,000.00 271 2,302,950.00 372 5,399,200.00
Tibanga 6,921,668.04 1,287,500.00 5,634,168.04
Palao 20,197,521.91 1,333,750.00 18,863,771.91
Kiwalan 5,730,850.05 423,750.00 5,307,100.05
Buruun 4,129,678.23 172,500.00 3,957,178.23
**Bacolod, LdN 233,540.44 51,250.00 182,290.44
Maranding 3,555,841.20 135,000.00 3,420,841.20
**Tubod, LdN 711,049.35 160,000.00 551,049.35
Bulua 3,074,562.83 210,000.00 2,864,562.83
Tubod 1,575,139.57 357,250.00 1,217,889.57
Poblacion 2,527,613.47 320,000.00 2,207,613.47
Manticao 3,294,866.67 77,500.00 3,217,366.67
Cogon 3,380,080.00 303,750.00 3,076,330.00
Suarez 1,047,161.00 217,500.00 829,661.00
Carmen 705,840.00 63,750.00 642,090.00
Puerto 378,055.22 199,450.00 178,605.22
J.C. Aquino 175,171.94 83,750.00 91,421.94
Langihan 66,300.00 2,500.00 63,800.00
TOTAL 57,704,939.92 5,399,200.00 52,305,739.92
Beginning
Balance of
Sunshine Plan
Fund
Less:Sunshine
Claims
Net Ending Balance
of Sunshine Plan
Fund as of 12/31/12 Branches
July – December 2012
Branches MEMBERS DEPENDENTS PARENTS TOTAL
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SAVINGS AND CREDIT ➢ On Loan Releases:
BranchesTibanga Main - 181.50MPala-o Branch - 210.00MKiwalan Branch - 61.60MBuru-un Branch - 50.40MMaranding Branch- 65.00MTubod Branch(ILGN)- 72.00MPoblacion Branch - 72.00MBulua Branch - 58.00MCogon Branch - 62.40MManticao Branch - 42.00MSuarez Branch - 32.40MCarmen CDO - 30.00MPuerto CDO - 30.00M Butuan 1 (JC Aquino) - 36.00MPagadian Branch - 24.00MButuan II (Langihan) - 18.00MGeneral Santos I 26.12M Davao I 23.75M Butuan 3 (Ampayon) - 21.38M Davao II/Gensan II 16.63M Bukidnon / Pagadian II 14.25M
SatellitesTubod LDN Satellite - 26.00M
Bacolod Satellite –
7.20MLaguindingan Satellite – 12.00MCDO I Satellite 23.25MCDO II Satellite 16.63M
Total 1,232.51M
➢ On Portfolio At Risk (PAR):
BranchesTibanga Main - 7%Pala-o Branch - 8%Kiwalan Branch - 10%
Buru-un Branch - 10%Maranding Branch- 11%Tubod Branch(ILGN)- 7%Poblacion Branch - 7%Bulua Branch - 9%
Cogon Branch - 8%Manticao Branch - 7%Suarez Branch - 7%Carmen CDO - 5%Puerto CDO - 3% Butuan 1 (JC Aquino) - 3%Pagadian Branch - 3%Butuan II (Langihan) - 2%General Santos I 1% Davao I 1% Butuan 3 (Ampayon) - 1% Davao II/Gensan II 1% Bukidnon / Pagadian II 1%
SatellitesTubod LDN Satellite - 3%
Bacolod Satellite –
4%Laguindingan Satellite – 1%CDO I Satellite 1%CDO II Satellite 1%
Consolidated 6.0%
➢ On Additional Membership:
` BranchesTibanga Main - 1,000 Pala-o Branch - 1.200Kiwalan Branch - 720Buru-un Branch - 720Maranding Branch- 650Tubod Branch(ILGN)- 720Poblacion Branch - 750Bulua Branch - 1,300
Cogon Branch - 1,300Manticao Branch - 720Suarez Branch - 500Carmen CDO - 1,300Puerto CDO - 1,300 Butuan 1 (JC Aquino) - 1,800Pagadian Branch - 1,200Butuan II (Langihan) - 1,800
➢ On Income from Investments:
It represents income earned from our investments in NATCCO, MASS-SPECC,CLIMBS, CCFS, reputable banks and other financial institutions. It also includesinterest earned from bank deposits.
.
2013 BUDGET ASSUMPTION
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General Santos I 2,000 Davao I 1,800
Butuan 3 (Ampayon) - 1,650 Davao II/Gensan II 1,300 Bukidnon / Pagadian II 1,100
SatellitesTubod LDN Satellite - 600Bacolod Satellite – 480Laguindingan Satellite – 1,310CDO I Satellite 1,800CDO II Satellite 1,300
Total 30,320
On Miscellaneous Income:
Miscellaneous income is compose of collections from the conduct of PMES,selling of educational materials, facilitating seminars, rent, commissions fromsunshine, LPP remittances, purchases of supplies, fees for collecting & servicingMSU IIT students and other income that are incidental to the operations of thecooperative.
➢ On Interest Expenses:
Interest expense are interest incurred from special savings, savings and timedeposits of both regular and associate members.
➢ On Salaries and Wages:
Salaries and wages is based on the approved salary scale including overtime pay.Additional cost is added for hiring additional personnel to facilitate efficientservice to our increasing number of members and to cater growing needs of thecooperative.
➢ On Additional Staff Requirement:
BranchesTibanga Main - 2Pala-o Branch - 3Kiwalan Branch - 3Buru-un Branch - 1Maranding Branch- 2Tubod Branch(ILGN)- 2Poblacion Branch - 2Bulua Branch - 4Cogon Branch - 5
Manticao Branch - 2Suarez Branch - 1
Carmen CDO - 2Puerto CDO - 2Butuan 1 (JC Aquino) - 1Pagadian Branch - 2Butuan II (Langihan) - 2General Santos I 6 Davao I 6 Butuan 3 (Ampayon) - 6 Davao II/Gensan II 6 Bukidnon / Pagadian II 6
Satellites
Tubod LDN Satellite - 2Bacolod Satellite – 1Laguindingan Satellite – 0CDO I Satellite 5CDO II Satellite 5
Other DivisionsAcademy 7CLAC & Coop Care 1Property Mgt. Div. 1
Head Office 13
TOTAL 101
. .
➢ On Employees Benefits:
Employees benefits includes 13th month pay, leave conversion, birthday leave &cash gift, performance bonus, COLA, PERA, rice allowance, longevity pay,uniform allowance and medical allowance. It also include the allowances given tostudent assistants, security guards & OJTs. This is based on the cooperative'scurrent rate.
➢ On Retirement Benefit:Retirement benefit expense is based on actual computation of retirement assumedone month retirement for every year of service.
➢ On Trainings and Seminars:Amount incurred for the officers, directors, members and employees for attendingtrainings and seminars including all expenses related thereto
2013 BUDGET ASSUMPTION
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➢ On Insurance:Insurance includes the coop’ members insurance to CLIMBS, building insurancemotorcycle insurance, fire insurance, bonds of accountable officers & employees,cash in vault insurance & other expenses incurred to insure the assets/properties
of the cooperative.
➢ On Professional Fees:Professional fees include external audit fees & legal fees and related expensesincurred for professional services rendered. These are based on the current rate ofthe aforementioned professionals.
➢ On Staff Development:Staff development includes sports fest, outings, retreat and lakbay aral. This is based on last year's budget but was adjusted to include those of the newly hiredand regularized employees. It also include budget for the scholarship program ofqualified personnel.
➢ On General Assembly Expenses:General assembly expenses includes annual representative assembly and mid-year branch assembly, branch ownership meetings, calendars, copies of pakigsayud, pakulo, awards/gift certificates, tokens, lahutay, snack chits, and other necessaryGA expenses. It also includes election expenses and coop month celebrationexpenses of the branches and head office.
➢ On General Support Services:General support services include compensation of security guards from different branches and division. This is based on their agency's current rate.
➢ On Meetings and Conferences:Meetings and conferences are expenses incurred on BOD & Officers meetings,committee meetings, management and staff meetings, conferences, workshopsand etc. This is based on the budget submitted by different committees.
➢ On Communication Expenses:Communication expense includes load allowance for key officers, postage andmails, cable television, telephone bills, fax, internet & IP VPN based on the provider's current rate and all other means of communication.
➢ On Social Services Expenses:Social services expenses composed of proposed giving to members birthday and
sympathy cards, programs for home for the aged, bantay bata, plant-a-tree, gawadkalinga,city jail, calamity fund and donations given to IIT/other associations andother social community involvement.
➢ On Payroll Servicing Fee:Payroll servicing fee of P5,000 per month given to MSU-IIT. This is charges toTibanga Main branch.
2013 BUDGET ASSUMPTION
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2013 Annual Representative Assembly
➢ On Promotional Expenses:Promotional expenses include advertisements on the television, radio & theinternet, stickers, fliers, streamers, flip charts, tarpaulin and other advertisingexpenses. This is necessary to attain the target increase in membership.
➢ On Miscellaneous Expenses:Miscellaneous expenses include Coop Christmas party, branch anniversaryexpenses, end-of-month overtime meals, food & snacks during auditor’s fieldwork, MASS SPECC & NATCCO food/snacks during visitation, out-of-pocketexpenses of suppliers and other expenses not classified under any of the specifiedaccounts.
➢ On Capital Expenditures: (see attached schedule)
ALLIED BUSINESSES
COOP LIFE ASSURANCE CENTER
On Revenues: Estimated members for 2013 will be 60,000 members Other products such as GADDDI, SGAIP, FICA, etc. is estimated to increase
based on target membership and campaign for outside clients. Income from CLPP will be estimated to increase in 2013 based on the target
increase on membership.
Income from investments/deposits is estimated to be P 200,000. Net revenue on coop care is estimated to be at P 278,000.
On Expenses: Salaries and wages includes hiring additional staff, a full-time manager,
marketing staff, bookkeeper based on the salary scale Employees benefits includes 13th month pay, leave conversion, cash gift,
performance bonus, COLA, PERA, rice allowance, longevity pay, uniformallowance and medical allowance .
Professional fees include external audit fees and legal fees. Staff development includes sports fest, outings and lakbay aral. Trainings & Seminars includes trainings for insurance agents, attendance to
general assembly, conventions, etc. Rent expense represents office space rental payments. Insurance expense includes GADDI of staff for next year. Transportation & Travel represents the actual transportation of CLAC manager in
going to CLIMBS to remit monthly insurance premiums and other relatedexpenditures.
Communication expense includes postage and mails and the monthly telephone
2013 BUDGET ASSUMPTION
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2013 BUDGET ASSUMPTION
bill. Promotional expenses include stickers, fliers, signages, streamers, flip charts and
tarpaulin.
Representation expenses is estimated to reach P25,000 for both CLAC & CoopCare Miscellaneous expenses includes Christmas party, photocopying expenses, out-of-
pocket expenses for the external auditors and etc. Additional capital expenditures for computerization, equipments, and furniture &
fixtures is estimated to reach P 430,000 for both CLAC & Coop Care.
COOP ACADEMY
On Revenues:
Estimated revenues is assumed to reached P 10,645,000 with 700 expectednumber of students. This includes collection from entrance fees, tuition fees,income from books and uniforms.
Miscellaneous and other income includes collection from the conduct of tutorials,review classes for other schools entrance exams, income from the use of classroomaircon, income on booklets/ answer sheet and also income from differentcertification forms.
On Expenses:
Interest expense is from borrowings from the Credit Division due to claims on building bonds maturity.
Budget for the salaries and wages is based on the salary scale rate.
Employees benefits includes 13 month pay, cash gift, leave conversion, uniformallowance, medical allowance, longevity pay, performance bonus, COLA andPERA.
Increase for light and power due to additional classrooms at the back of IIT GYM
Insured all students of the Coop Academy to CLASP at P100 per studentchargeable against collection of insurance fee.
Repair and maintenance is estimated to increase by 10% for the year 2013.
Rental is expenses incurred for additional classrooms in the 2nd floor of the
Tibanga Main building. Professional fee includes annual physical and dental check-up for Coop
academy students chargeable against collection from medical and dental fee.
Promotional expense includes advertising through radio and and television,house to house campaign, and also streamers and fliers.
Budget for graduation and yearbook expenses amounted to 70,000.00 which alsoinclude expenses for the recognition.
All other expenses based on 2012 budget.
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2013 Annual Representative Assembly
U IIT MPCected Statement of Comprehensive Income (Consolidated)
the period ended December 31, 2013
BUDGET Tibanga Pala-o Kiwalan Buru-un Maranding Bulua Tubod Poblacion Cogon Manticao Suarez Sat C ar me n ( CD O B 3) Pa ga dia n J C
VENUE:ncome from loans
Interest from loans 149,010,000.00 27, 500, 000. 00 23, 905, 000. 00 8,033,000.00 8,122,000.00 8,047,000.00 6,591,000.00 7,530,000.00 8,160,000.00 5,931,000.00 4,228,000.00 4,368,000.00 3,139,000.00 3,046,000.00 3,
T ui ti on an d o th er re la te d f ee s 9 ,4 90 ,0 00 .0 0
Service Fees 23,580,000.00 3,630,000.00 4,200,000.00 1,320,000.00 1,008,000.00 1,300,000.00 1,150,000.00 1,440,000.00 1,440,000.00 1,200,000.00 840,000.00 648,000.00 600,000.00 480,000.00
F il in g F ee s, Fi ne s & Pe na lt ie s 4 ,9 54 ,0 00 .0 0 350,000.00 1,200,000.00 500,000.00 200,000.00 500,000.00 100,000.00 180,000.00 250,000.00 120,000.00 130,000.00 300,000.00 100,000.00 60,000.00
Sales 55,530,000.00
Less: Direct Materials 34,314,800.00
D ir ec t L ab or & C on st . E qp t. 1 4, 55 5, 20 0. 00
Overhead 1,912,000.00
ther Income
Interest from Investment/Deposits 38,762,000.00 13,000,000.00 6,000,000.00 180,000.00 96,000.00 3,000.00 5,000.00 400,000.00 450,000.00 10,000.00 27,000.00 70,000.00 12,000.00 2,000.00
Commision Income 11,239,000.00 542,000.00 250,000.00 150,000.00 20,000.00
Donation & Grants -
Membership fee 3,932,000.00 100,000.00 120,000.00 72,000.00 72,000.00 65,000.00 130,000.00 72,000.00 75,000.00 130,000.00 72,000.00 50,000.00 130,000.00 120,000.00
Miscellaneous Income 8,642,000.00 1,000,000.00 1,000,000.00 282,000.00 78,000.00 255,000.00 400,000.00 294,000.00 150,000.00 260,000.00 234,000.00 150,000.00 450,000.00 100,000.00
Gross Income 254,357,000.00 45,580,000.00 36,425,000.00 10,387,000.00 10,118,000.00 10,170,000.00 8,376,000.00 9,916,000.00 10,775,000.00 7,801,000.00 5,551,000.00 5,586,000.00 4,431,000.00 3,808,000.00 4,
PENSES:Financing Cost:
Int. Exp. from Deposit 47,230,000.00 22,000,000.00 4,000,000.00 600,000.00 396,000.00 322,000.00 300,000.00 450,000.00 750,000.00 240,000.00 80,000.00 200,000.00 60,000.00 52,000.00
Int. Exp. on Borrowings 15,126,000.00 60,000.00 1,050,000.00 500,000.00 550,000.00 230,000.00 40,000.00 350,000.00 250,000.00
Int. Exp. on Share Cap -
Other Charges on Borrowings -
Total Financing Cost 62,356,000.00 22,000,000.00 4,000,000.00 600,000.00 456,000.00 1,372,000.00 800,000.00 450,000.00 750,000.00 790,000.00 310,000.00 240,000.00 410,000.00 302,000.00
OSS MARGIN 192,001,000.00 23,580,000.00 32,425,000.00 9,787,000.00 9,662,000.00 8,798,000.00 7,576,000.00 9,466,000.00 10,025,000.00 7,011,000.00 5,241,000.00 5,346,000.00 4,021,000.00 3,506,000.00 4
:
vision for Proba ble Loses 7,852,400.00 1,100,000.00 1,200,000.00 500,000.00 1,200,000.00 600,000.00 480,000.00 400,000.00 600,000.00 200,000.00 500,000.00 320,000.00 38,400.00
MARGIN 184,148,600.00 22,480,000.00 31,225,000.00 9,287,000.00 8,462,000.00 8,198,000.00 7,576,000.00 8,986,000.00 9,625,000.00 6,411,000.00 5,041,000.00 4,846,000.00 3,701,000.00 3,467,600.00 4,
OPERATING COST
Personnel & Officers
Salaries & Wages 42,723,000.00 2,550,000.00 3,000,000.00 1,458,000.00 1,440,000.00 2,133,000.00 1,650,000.00 1,550,000.00 1,980,000.00 1,500,000.00 1,100,000.00 1,260,000.00 910,000.00 1,121,000.00 1,
Employees Benefit 28,319,000.00 2,510,000.00 1,540,000.00 979,000.00 948,000.00 1,533,000.00 700,000.00 900,000.00 1,330,000.00 600,000.00 500,000.00 535,000.00 655,000.00 707,000.00
SSS/ECC Philhealth Pag-ibig cont . 4,097,000.00 290,000.00 305,000.00 172,000.00 160,000.00 236,000.00 130,000.00 180,000.00 179,000.00 150,000.00 70,000.00 90,000.00 100,000.00 141,000.00
R et ir eme nt Be ne fi t E xp en se 2 ,9 35 ,0 00 .0 0 330,000.00 275,000.00 92,000.00 180,000.00 60,000.00 132,000.00 180,000.00 15,000.00 80,000.00 70,000.00 100,000.00 18,000.00 60,000.00
Training& Seminars 3,540,000.00 150,000.00 130,000.00 90,000.00 40,000.00 70,000.00 65,000.00 60,000.00 90,000.00 150,000.00 60,000.00 43,000.00 30,000.00 70,000.00
Meeting & Conferences 1,223,000.00 130,000.00 120,000.00 20,000.00 24,000.00 30,000.00 50,000.00 36,000.00 20,000.00 30,000.00 5,000.00 35,000.00 30,000.00 30,000.00
Governance -
Honoraria 144,000.00 20,000.00 15,000.00 60,000.00 12,000.00 15,000.00
Officers per di ems & allo. 1,411,000.00 150,000.00 200,000.00 40,000.00 36,000.00 20,000.00 30,000.00 115,000.00 40,000.00 6,000.00 20,000.00 30,000.00
Representation 490,000.00 10,000.00 6,000.00 4,000.00 18,000.00 30,000.00 6,000.00 10,000.00 10,000.00 5,000.00 20,000.00
Affiliation Fee 150,000.00
Computerization -
Depeciation of Office equiptment 1,883,000.00 510,000.00 120,000.00 86,000.00 139,000.00 80,000.00 80,000.00
Software cost and amortization 980,000.00 150,000.00 83,000.00 61,000.00 38,000.00 100,000.00 60,000.00
Security -
Insurance 1,672,000.00 200,000.00 200,000.00 108,000.00 75,000.00 80,000.00 90,000.00 135,000.00 70,000.00 70,000.00 66,000.00 30,000.00 General Suppor t Services 2,838,600.00 220,000.00 200,000.00 109,000.00 84,000.00 42,000.00 110,000.00 90,000.00 110,000.00 110,000.00 84,000.00 90,000.00 109,000.00 33,600.00
Information to members -
Promotional Expense 6,160,000.00 150,000.00 120,000.00 150,000.00 205,000.00 299,000.00 180,000.00 450,000.00 150,000.00 150,000.00 180,000.00 101,000.00 150,000.00 207,000.00
Per io di ca ls , Magazi ne & Sub scri i 37, 000. 00 5,000.00 6,000.00 5,000.00 2,000.00 1,000.00 6,000.00 2,000.00
Members benefit expense 32,000.00 6,000.00
Ge ne ra l A ss emb ly E xp en se 8 ,7 54 ,0 00 .0 0 500,000.00 780,000.00 500,000.00 396,000.00 402,000.00 400,000.00 480,000.00 400,000.00 350,000.00 300,000.00 320,000.00 235,000.00 219,000.00
Administration -
Office Supplies 2,808,000.00 150,000.00 280,000.00 60,000.00 134,000.00 108,000.00 130,000.00 80,000.00 120,000.00 90,000.00 96,000.00 45,000.00 84,000.00 30,000.00
Travel & Transportation 1,422,000.00 90,000.00 50,000.00 12,000.00 2,000.00 158,000.00 80,000.00 10,000.00 15,000.00 60,000.00 8,000.00 6,000.00 60,000.00 62,000.00
Fuel & Lubricants 1,152,000.00 50,000.00 120,000.00 102,000.00 121,000.00 85,000.00 75,000.00 120,000.00 90,000.00 90,000.00 24,000.00 40,000.00
Communication 2,543,000.00 200,000.00 145,000.00 120,000.00 132,000.00 117,000.00 120,000.00 90,000.00 150,000.00 96,000.00 80,000.00 120,000.00 82,000.00
Collection Expense 199,000.00 20,000.00 20,000.00 8,000.00 95,000.00 6,000.00 6,000.00
i i i . . . . . . . . .
7
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i
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Premises -
Power Light & water 3,222,000.00 250,000.00 300,000.00 120,000.00 84,000.00 108,000.00 130,000.00 90,000.00 120,000.00 160,000.00 84,000.00 50,000.00 145,000.00 60,000.00
Repair & Maintenance 1,771,000.00 300,000.00 95,000.00 30,000.00 36,000.00 55,000.00 70,000.00 60,000.00 85,000.00 60,000.00 42,000.00 15,000.00 36,000.00 22,000.00
Rental 6,914,000.00 110,000.00 630,000.00 164,000.00 180,000.00 324,000.00 500,000.00 163,000.00 720,000.00 400,000.00 120,000.00 84,000.00 398,000.00 168,000.00
Amortization of Leasehold Impro 120,000.00 120,000.00
D ep reci at io n & A mo rt iz at io n 7 ,558 ,000 .00 210,000.00 650,000.00 170,000.00 288,000.00 143,000.00 200,000.00 350,000.00 120,000.00 300,000.00 80,000.00 225,000.00 257,000.00 188,000.00
Others -
Taxes & Licenses 1,018,000.00 20,000.00 15,000.00 10,000.00 7,000.00 10,000.00 9,000.00 10,000.00 25,000.00 6,000.00 6,000.00 6,000.00 5,000.00 5,000.00
Professional Fee 1,165,000.00 100,000.00 50,000.00 12,000.00 32,000.00 52,000.00 55,000.00 15,000.00 20,000.00 50,000.00 24,000.00 30,000.00 52,000.00
Bank Charges 28,000.00 5,000.00 4,000.00 1,000.00 1,000.00
Social Services 278,000.00 20,000.00 10,000.00 5,000.00 12,000.00 20,000.00 5,000.00 5,000.00 15,000.00 3,000.00 6,000.00 6,000.00 1,000.00 37,000.00
Staff Development 2,086,000.00 150,000.00 195,000.00 84,000.00 70,000.00 36,000.00 120,000.00 90,000.00 110,000.00 120,000.00 36,000.00 70,000.00 50,000.00 49,000.00
Medical/Dental Fee 90,000.00
Palakasan/Foundation Expenses 30,000.00
Camping/Jamboree Expenses -
Science Physics/CSIW -
Graduation & Yearbook Expense 90,000.00
Discounts on Tuition Fee 35,000.00
Commission Expense 80,000.00
Surplus Allocation Fee -
Payroll Servicing Fee -
Provision for Unicoop Assistanc 50,000.00
Provision for Probable Losses on 787,000.00 775,000.00
Provision for Member's Protection 829,000.00 2 00,000.00 200,000.00 60,000.00 60,000.00 36,000.00 30,000.00 18,000.00 26,000.00 50,000.00 24,000.00 30,000.00 12,000.00
Miscellaneous Expense 2,477,000.00 1 50,000.00 400,000.00 150,000.00 67,000.00 102,000.00 60,000.00 30,000.00 120,000.00 70,000.00 84,000.00 50,000.00 100,000.00 60,000.00
otal Operating Expenses 144,724,600.00 9,880,000 10,196,000 5,150,000 5,016,000 6,306,000 6,076,000 5,286,000 6,425,000 4,901,000 3,430,000 3,346,000 3,650,000 3,466,600
T SURPLUS (LOSS) 39,424,000.00 12,600,000.00 21,029,000.00 4,137,000.00 3,446,000.00 1,892,000.00 1,500,000.00 3,700,000.00 3,200,000.00 1,510,000.00 1,611,000.00 1,500,000.00 51,000.00 1,000.00 3
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2013 Annual Representative Assembly
CAPITAL TOTAL Tibanga Poblacion Pala-o Tubod Kiwalan Manticao Buru-un Suarez Maranding Tubod LDN Cogon C
EXPENDITURE (in Units) Qty. AMOUNT Main Branch Branch Branch Branch Branch Branch Branch Branch Satell ite Branch B
BUILDING CONSTRUCTION
ding Construction
BLDG. RENO./ LEASEHOLD IMP.
ding Improvements/Renovations 300,000 800,000 70,000 150,000 100,000 300,000 50,000
sehold improvements 2,540,000 500,000
d & Building Construction 500,000
45,000,000
MANUALIZATION
300,000
MPUTERIZATION/ INTERCONNECTIVITY
evelopment/ Interconnectivity 500,000 300,000 500,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 3
(SS product) 7,900,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
S 1,300,000 3 5 3 4 3 5 2 3 2
ver 259,000 40,000
a cabinet 140,000 1 1 1
ctured cabling/ network rehab/switch 160,000 30,000 30,000 30,000 30,000 30,000 30,000 10,000 30,000
ware licenses pcs
Windows 7 Pro 948,000 1 2 2 2 2 1 1 4
Antivi 70,000 2 2 1 2 1 4
Ms Office 2,000 2 1 1 4
DOCUMENTATION (ACAD)
E Documentation 50,000
50,000OFFICE EQUIPMENT
on unit 1 1 1 1 1 1
metric Bundy Clock unit 1,050,000 1 1 1 1 1 1 1 1 1 1
on printer (colored) unit 800,000 1 1 1
d maker unit 40,000
mputer cover unit 120,000
mputer set set 2 2 3 2 3 1 2 2 1 2
U unit 2,485,000 2 3
tronic Numbering unit 90,000 1 1 1 1 1 1 1 1
on FX 2175 unit 420,000
rnal DVD/CD-ROM unit
rnal Memory 1TB unit 1
e Money Detector pc. 40,000 1 1 1
machine with telephone unit 20,000 1 1 1
erator unit 120,000 1 1 1 1 1 1 1
et HP 900 unit 600,000
unit
op/ Notebook unit 175,000 1 1 1 1 1 1
er / Ink Printer unit 1,020,000
ey Counter unit 8,000 1
itor unit 85,000
X unit
er Shredder
sbook Printer unit 1 1 1 1 1
S unit 700,000 1 1 1 1 1 2 1 1 1 1 1
er scanner 300,000
ter (FX- 2175)
ter LQ – 300+II unit 3 1 1 1 1
ter Network 200,000ter Colored
acement INEO sensor
o and photocopier unit
nner unit 75,000
ature pad unit 1 1 1 1 1
phone unit 380,000
ewriter unit
bcam unit
FURNITURES & FIXTURES
m System 1 1 1 1 1 1 1 1 1
nets and other Fixtures unit 384,000
h box pc. 2
TV camera/ Surveillance Camera unit 12,000
ference Table set for the board room set
p library unit
iains ompu er cover pc. ,
tomised tables with swivel chairs set 5,000
al Camera unit
D player unit 25,000
)
ergency Light pc. 2 2 4
cutive Chair for the board room pc. 56,000
extinguisher unit 1 1
med charcoal paintings pc. 120,000
g chairs set 4 2 4 2 4 2 4
met 780,000 2
hen Utensils (for visitors)
Projector unit 1 obloc chairs pc. 380,000
orcycle (XRM) unit 2 1 1 1 3 3 2 2 1 2
icab/ Vehicle unit 2,450,000
ce blinds/ tint pc.
ce Chairs/ Swivel Chairs pc. 3 4 5 2 5
ce Tables/Computer Table unit 308,000 4 3 5 2 2
tion/ Counter unit 470,000
tic Chairs pc.
motional Table 228,000
motional glass cabinet
lic Address System for the Board room unit
nd table set
age/billboards pc. 2 2 2 2 2 2 2 2 2 2 2
a w/ Center Table set 1,140,000
nd System/Speaker System unit
d Fan unit
el Cabinet unit 1 1 1 1
gestion box pc. 210,000
plies pc.
e Cover (Glass) pc.
vision unit 1 1 1
phy & awards gallery pc. 410,000
t unit 50,000 1 1 1
or's Chair 675,000
er Dispenser unit
er tank (stainless) unit 40,000 1
te board unit 20,000
posed Housing Project
IT
hnician tools
dy blower for Preventive Maintenance
S Network-Attached Storage 2TB - for Official Data Storage
avy Duty Router
rnal DVD ROM - for repairs
vy duty router
bsite Enhancement (prof.fee 6mos)
ile Internet Modem (Globe&Smartbro)
SPORTIVO
rtivo Tire Replacement (4pcs)
rtivo Battery Replacement
rtivo Regular Check Up (Maintenance)
her upholstery replacement
Executive Van
LIBRARY
erence books & Library supplies
20,000
H. E. LABORATORY
unit
der unit 4,500
Set unit
Apparatus 15,000
tric Streamer
d Mixer ing Machine unit
king tables & others unit 10,000
TAL 75,810,500
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a Puer to JC Aquino Bacolod Pagadian Langihan
h Branch Branch Satelli te Branch Branch
000 100,000
000 300,000 300,000 300,000 300,000 300,000
000 50,000 50,000 50,000 50,000 50,000
2 1 3 2 2 1
000
1
000 30,000 10,000 10,000 10,000
1 1 1 1 1
1 2 1
1 1 1
1
1 1 1
3 2 1 2 1
1 1 1 1
1 1
1 1 1
2 1
1
1
1 1 1 1 1 1
2 1 1 1
1 1 1 1 1 1
1 1 1 1 1
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4
2
3 1 1
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2 2 1 1 1 1
8 2 2
6 1
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Laguindingan New New New New New New ACADEMY CLAC Coop HOME
Satellite B1 B2 B3 B4 B5 B6 Care OFFICE
20,000 80,000
45,000,000
300,000.00
300,000 250,000 250,000 250,000 250,000 250,000 250,000 300,00050,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
4 4 4 4 4 4 4 2 1 10
1 1 1 1 1 1 10,000 10,000 10,000 10,000 10,000 10,000
1 5 5 5 5 5 5 2 1 18 1 5 5 5 5 5 5 2 1 18
1 1 1 1 1 1 18
1 1 1 1 1 1 1 1 1
2 1
4 4 4 4 4 4 4 1 9 1
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2013 Annual Representative Assembly
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e-mail add: [email protected]
Contact Person:Cleorina G. Tan
NATIONAL CONFEDERATION OF COOPERATIVES (NATCCO)
MUTUAL BENEFIT ASSOCIATION, INC.
227 JP Rizal St., Project 4, 1109 Quezon CityTel. No. (632) 913-7011 to 320 ; TIN 007-283-700
1. BASIC MEMBERSHIP
₱10,000 Cash Assistance for Natural Death
₱20,000 Cash Assistance for Accidental Death
Participation in Governance by Proxy
₱30/Month Contribution
2. OPTIONAL COVERAGE
Coverage per Unit:
→ ₱10,000 for Natural Death
→ ₱20,000 for Accidental Death Contribution per Unit:
→ ₱4/mo. : per Unit for 18-34 y/o
→ ₱5/mo. : per Unit for 35-44 y/o
→ ₱13/mo.:per Unit for 45-59 y/o
→ ₱22/mo.:per Unit for 60-64 y/o
3. LOAN GUARANTEE
Pays Lending Coops the Loan Amount
Covers Borrowers During the Loan Term
Premiums: ₱0.60/1,000 Loan/Month
J3G PrintingAntonio A. Galope
Resa R. Galope09279900733/ 09493465044
[email protected] Bulua, Cagayan de Oro City
“We print all your printing needs at the lowest price”
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2013 Annual Representative Assembly
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MSU-IIT Coop JingleWords and Music: Melvin Anggot
Instrumentation & Arrangement: Ian CutadProduced by: Jay Harvey Balobalo/9200 Media Specialist
Together we reach our dreams
Jointly we lift our lives’ standing
Building a better community
Uniting our strength
Believing in everyone’s capacity
In fairness we make a teamJustly we break the walls dividing
Shaping a radiant society
Keeping the flame
Driving the spirit of solidarity
*I am here for you
And you for me
Helping each other, helping ourselves
We’re here to share and live to give**So I grow with you
And you with me
We’ll always be one family
The MSU-IIT National Multi-Purpose Cooperative…. (repeat 1, 2 & *)
Kauban mo ako, kauban ko ikaw, komunidad nga nagtinabangay Ania kita mag-unongay
Kasama mo ako, kasama ko ikawPamayanan na nagtutulongan…
We’ll always be one familyTe MSU-II National Multi-Purpose Cooperative
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2013 Annual Representative Assembly
Head OceBenegrado, Deal Noel D. Chief Executive Officer
Diaz, Renan P. Chief Operating Officer
Pabillar, Loradel B. Accountant
Mesias, Rizalee T. Marketing Officer
Flores, Ana B. Special Savings Specialist
Tuyor, Jesse C. Utility Worker
Yamba, Abegail F. Human Resource Officer
Daleon, Aiza Fe M. Bookkeeper
Mendez, Ariel P. Utility Worker
Serbo, Niña M. Bookkeeper
Jimenez, Yani A. Executive Secretary
Molina, Berlyn P. Internal Auditor
Mahinay, Jessel Mae E. HR Staff
Interone, Charlotte G. Internal Auditor
Sasil, Ryan D. HR Staff
Alia, Aldie P. IT Staff
Lumanta, Arnold Brian A. MDO
Tibanga MainGallo, Carmelita N. Branch Manager
Cardines, Kathleya Jane B. Acting Cashier
Cabasan, Liza Lorraine A. Bookkeeper
Omamalin, Jeanny T. Loans Officer
Pila, Kim T. Account Officer
Arimado, Necelyn S. New Accounts ClerkCamintoy, Maribel F. Loans Clerk
Besario, Ma. Sylvie J. Teller
Andaloc, July Mae Y. New Accounts Clerk
Exile, Maria Kristine D. Teller
Jenotan, Jenny Luz E. Accounting Clerk
Tugahan, Michael Angelo R. Account Officer
Edrozo, Rodelyn C. Teller
*Magpulong, Jul iet S. Coop Care Clerk
Pala-o BranchDiaz, Renan P. Branch Manager
Caliso, Beatriz L. Cashier
Emperio, Doris Amor A. Teller
Yusuf, Antonietta L. Teller
Teaño, Albert B. Loans Officer
Daligdig, Isaac S. Account Officer
Borces, Lydia B. Acting Bookkeeper
Nocon, Hansel B. New Accounts Clerk
Suson, Riel Hazel Fe C. Teller
Gimena, Astrid E. Loans Clerk
Tinoy, Andrew R. Jr. LMO
Magdugo, Dominic C. Account Officer
Lluisma, Joseph Vincent Q. Account Officer
Manzo, Veffrey M. Account Officer
Samson, Franze Beth I. Accounting Clerk
Escarpe, Michael R. Account Officer
Kiwalan Branch
Lacastesantos, Nestor D. Jr. Branch ManagerRabina, Mariza B. Teller
Niez, Mark Jules A. Account Officer
Duhaylungsod, Elias A. Account Officer
Uy, Serniceto U. MDO
Ocaya, Lucila E. Accounting Clerk
Saladaga, Julius C. Account Officer
Buru-un BranchMondragon, Philip Garry C. Branch Manager
Burlat, Marly N. Bookkeeper
Sales, Janice F. Teller
Doldolea, Jerome D. Account Officer
Boysillo, Elsie C. Accounting Clerk
Layno, Redyn Red F. Account Officer
Lumantas, Jireh C. Account Officer
Maranding BranchDiaz, Mae A. Branch Manager
Lubaton, Joan B. Bookkeeper
Pakig-angay, Wilvin S. Development Officer
Montecillo, Christian Noel M. Account Officer
Dugso, Jenelie C. Acting Loans Officer
Galleto, Junefer Ll. Account Officer
Luste, Mae Desiree L. Teller
Japon, Rodel J. Development Officer
Rabaca, Meljane Mae O. Accounting Clerk
Cambonga, Kuh Francis E. Account Officer
Acal, Mark Benedict S. MDO
Bulua BranchImpuesto, Donna Marcelle D. Branch Manager
Magdalan, Mirriam C. Bookkeeper
Polotan, Eliaquim T. Loans Monitoring Officer
Yee, Ronald P. Account Officer
Danila, Renante Teller
Dombase, Jeonie D. MDO
Anero, Glennford B. Account Officer
Tubod BranchBaliling, Mercy B. Branch Manager
Jumawan, Elmer L. Account OfficerCeniza, Amellie J. Bookkeeper
La ng an la ng an , R hive y J es re ll P. Ac tin g Lo an s O ffic er
Cargo, Fedilyn C. Teller
Quijano, Renzi C. Account Officer
Cuevas, Peter Paul V. MDO
Poblacion BranchLugatiman, Charisma A. Branch Manager
Ang-ug, Arien D. Bookkeeper
Alforque, Josie L. Account Officer
Delorino, Odissa C. Teller
Aricayos, Ever Q. Account Officer
Bagares, Le Ariane J. Teller
Macalisang, Rhea S. Accounting Clerk
Heyrosa, Ulysses P. MDO
Cabasan, Robert B. Acting Loans Officer
Cogon BranchManzano, Rommel Vincent T. Branch Manager
Padura, Christine A. Teller
Macabaya, Tyronny S. Account Officer
Garcia, Delliza D. Bookkeeper
Requina, Jojo Q. Account Officer
Cabangbang, Jalyn J. Teller
Manticao BranchHernandez, Janet A. Branch Manager
Ompoc, Jumer L. Account Officer
Basa, Adrian S. BookkeeperTomampoc, Edmar M. Account Officer
Colita, Princess Mae D. Teller
Talaroc, Franklin B. MDO
Suarez BranchTrinidad, Leila A. Branch Manager
Sacabin, Edsel A. Account Officer
Gebone, Zaideles B. Teller
Alvarado, Janice E. Bookkeeper
Bacalso, Jynn Paul C. MDO
Tubod LDN Satellite OcePlariza, Joanne T. Satellite Officer
Del Socorro, Karen Joan L. TellerAmrad, Renante B. Account Officer
Sarsua, Leizel R. Accounting Clerk
Carmen BranchSabando, Michelle M. Satellite Officer
Pasague, Geroll B. Account Officer
Alboria, Karen L. Teller
Rusiana, Eva R. Acting Bookkeeper
Villastique, Ben D. MDO
Puerto BranchClaro, Rommel T. Acting Satellite Officer
Eway, Jane C. Teller
Mirafuentes, Gideon D. Account Officer
Dingal, Serg Vincent C. MDO
Magno, Lani Mae F. Accounting Clerk
Coop AcademyMediodia, Hazel Bliss G. Principal
Almendras, Joanne Lou R. Nursery Adviser
Restauro, Jessiemarie S. Teacher
Arcaya, Maryleen Grade 1 Adviser
Balag, Alethea Barbara B. Kinder 2 Adviser
Pitogo, Janice C. Teacher
Tabunda, Menchu Charity L. Teacher
Fuertes, Exuperio M. Utility/Messenger
Gamboa, Brilla D. Guidance Counselor/Registrar
Generaole, Libly T. Grade 3 Adviser
Guanzon, Paul Patrick L. Fourth Year High School AdviserGebone, Agness B. Teacher
Longgakit, Linn Antonnette L. Grade 2 Adviser
Miquiabas, Mirasol Teacher
Marcos, Wilfredo V. Utility
Ongue, Hazel Mae B. Grade 4 Adviser
Sagarino, Chris T. Third Year High School Adviser
Semilla, J-roel B. Grade 6 Adviser
Tamayo, Louielyn P. Office Clerk
Arceo, Mark Anthony Teacher
Coop Life Assurance CenterCloa, Jorge G. Manager
Monsubre, Jingle Anne M. Clerk
Abanes, Rosalie P. Coop Care Clerk
J.C. Aquino BranchOclarit, Shergie B. Acting Satellite Officer
Enarsao, Jarid C. Account Officer
Fuentes, Rena May MDO
Filoteo, Marjorie L. Teller
Servillon, Marymae L. Accounting Clerk
Bacolod SatelliteSales, Alvin S. Acting Satellite Officer
Curambao, Maria Mirasol B. Teller
Pandan, Robencio R. Account Officer
Pagadian BranchSagales, Mell Felixes C. Acting Satellite Officer
Aleman, Ian N. Cashier/Teller
Omandam, Joel Mari C. Account Officer
Cotingjo, Emily C. Accounting Clerk
Marzon, Cecil Roumel MDO
Langihan BranchSilvosa, Jonathan F. Acting Satellite Officer
Gabor, Rosario B. MDO
Capagngan II, Diosdado A. AO
Dela Cruz, Cherry Mae Teller
Laguindingan BranchArmecin, Dixon P. Acting Satellite Officer
Janubas, Peter John U. Account Officer
Mondelo, Marilou B. Teller
PMD / Housing Cooperative ProjectManzano, Romeo S. Jr. Manager
Pilones, Iven S. Resident Engineer
Mendez, Judy P. Engineering AssistantNaldo, Benjie Draftsman
MANAGEMENT STAFFAS OF DECEMBER 2012
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SAVINGSShare Capital (SC)
Regular Savings Deposit (RSD)
Time Deposit (TD)
Kiddie Savers
Aflatuon
Aflateen
SPECIAL SAVINGSRetirement Plan (RP)
Pension Plan (PP)
College Allowance Fund (CALF)
Cooperative Savings for Real EstateAcquisition (COSA Real Fund)
Mortuary Plan (MP)
Housing (HSS)
CREDIT FACILITIESPetty Cash Loan (PCL)
Short-Term Loan (STL)
Multi-Purpose Loan (MPL)
Livelihood Loan (LL)
Time Deposit Loan (TDL)
Equipment Loan (EL)
Medical Emergency Loan (MEDEL)
Collateralized Loan (CL)
COSA Real Loan (COSA RL)
Educational Loan (EL)
Loan for Entrepreneurs (LEAD)
Purchased Order Loan (P.O.)
Coop Care Loan (CCL)
Car Financing Loan (CFL)
Motorcycle Financing Loan (MFL)
Coop Academy
Quality Education
Pre-Schooler (Nursery & Kindergarten)
Elementary (Basic Education)
High School (Secondary Education)
Coop AssuranceLife and Non-life InsurancesCoop Loan Protection Plan (CLPP)
Coop CareKASAPI/ Philhealth
Plus Health
Wellness
Housing Cooperative
BENEFITSSunshine Plan (Damayan Fund)
Competitive Interests on
Savings
Interest on Share Capital
Patronage Refund
OTHER BENEFITS
Voluntary and mutual helping
and sharing with one another
Cooperative education for
members’ development
Gender development and
Family Enrichment
Livelihood Programs
Cooperative Youth Leadership
Community Leadership
Leadership Trainings &
Advocacies
Corporate Social Responsibility
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HEAD OFFICEQuezon Ave. Ext., Pala-o, Iligan City
2/F MSU-IIT MPC Bldg.
TeleFax (063) 223-5874
website: http://msuiitcoop.org
Tibanga MainA. Bonifacio Ave., Tibanga, Iligan City
Tel. Nos. (063) 221-4063; 221-4064; 225-3889
Pala-o BranchQuezon Ave. Ext., Pala-o, Iligan City
Tel. Nos. (063) 223-2779; 225-4923
Kiwalan BranchKiwalan Hi-way, Iligan City
Tel. No. (063) 225-2701
Buru-un BranchBuru-un Hi-way, Iligan City
Tel. No (063) 223-8440
Maranding BranchCasa Almeda Bldg., National Highway
Maranding, Lala, LdNTel. No. (063) 388-7376
Bulua Branch#031 Zone 2, Upper Bulua, CdO
Tel. No. (088) 309-5808
Tubod BranchLanao Builder Bldg., Tubod Hi-way, Iligan City
Tel. No. (063) 225-4875
Poblacion BranchGen. Aguinaldo St., Poblacion, Iligan City
Tel. Nos. (063) 221-0262; 492-4656