1. Cooperative Identity, Values,
Principles, Governance and
Best Practices and Gentle
Balanced Leadership
By: Josefina B. Bitonio
Supervising CDS
A Lecture – Presentation for the 4th PamBuhay Parents
Council Congress
November 2, 2013
DMMMSU, Agoo, La Union

2. Cooperative Identity
Groups of individual around the world
and throughout time have worked together
in the pursuit of human goals. Example of
cooperation, collective action can be
traced back to our prehistoric
predecessors who recognized the
advantages of hunting, gathering, and
living in groups rather than on their own.

3. The earliest cooperative associations
were created in Europe and North America
during the 17th and 18th centuries. The
pioneers of the Rochdale society in the
19th century England are celebrated for
launching the modern cooperative
movement.

4. The historical development of
cooperative businesses can not be
disconnected from the social and
economic forces that shaped them.
Cooperatives, then and now were created
in times and places of economic stress
and pressing social problems.

5. Due to their democratic
organization and their economic
orientation ‐ cooperatives contribute
significantly to social integration, job
creation and the reduction of
poverty. Cooperatives are thus
stabilizing regional economic cycles
and can generate regional
employment. The United Nations
general assembly declared 2012 as
the international year of
cooperatives and thus
acknowledges their worldwide
impact on economic and social
development.

6. ART. 3. General Concepts
A cooperative is an autonomous and duly
registered association of persons, with a
common bond of interest, who have voluntarily
joined together to achieve their social,
economic, and cultural needs and aspirations by
making equitable contributions to the capital
required, patronizing their products and services
and accepting a fair share of the risks and
benefits of the undertaking in accordance with
universally accepted cooperative principles.

7. Types of Cooperatives
ART. 23. Type and Categories of Cooperatives. (1)
Types of Cooperatives. Cooperatives may fall under
any of the following types:
(a) Credit Cooperative is one that promotes and
undertakes savings and lending services among its
members. It generates a common pool of funds in
order to provide financial assistance to its members
for productive and provident purposes; “
(b) Consumers Cooperative is one of the primary
purpose of which is to procure and distribute
commodities to members and non-members;

8. (c) Producers Cooperative is one that undertakes
joint production whether agricultural or industrial. It
is formed and operated by its members to
undertake the production and processing of raw
materials or goods produced by its members into
finished or processed products for sale by the
cooperative to its members and non-members. Any
end product or its derivative arising from the raw
materials produced by its members, sold in the
name and for the account of the cooperative, shall
be deemed a product of the cooperative and its
members;

9. (d) Marketing Cooperative is one which
engages in the supply of production inputs
to members and markets their products;
(e) Service Cooperative is one which
engages in medical and dental care,
hospitalization, transportation, insurance,
housing, labor, electric light and power,
communication, professional and other
services;

10. (f) Multipurpose Cooperative is one which combines two
(2) or more of the business activities of these different
types of cooperatives;
(g) Advocacy Cooperative is a primary cooperative which
promotes and advocates cooperativism among its
members and the public through socially-oriented
projects, education and training, research and
communication, and other similar activities to reach out
to its intended beneficiaries; (h) Agrarian Reform
Cooperative is one organized by marginal farmers
majority of which are agrarian reform beneficiaries for
the purpose of developing an appropriate system of land
tenure, land development, land consolidation or land
management in areas covered by agrarian reform;

11. (h) Agrarian Reform Cooperative is one
organized by marginal farmers majority of which
are agrarian reform beneficiaries for the purpose
of developing an appropriate system of land
tenure, land development, land consolidation or
land management in areas covered by agrarian
reform;
i) Cooperative Bank is one organized for the
primary purpose of providing a wide range of
financial services to cooperatives and their
members;

12. (j) Dairy Cooperative is one whose members are
engaged in the production of fresh milk which may be
processed and/or marketed as dairy products; (k)
Education Cooperative is one organized for the
primary purpose of owning and operating licensed
educational institutions notwithstanding the provisions
of Republic Act No. 9155, otherwise known as the
Governance of Basic Education Act of 2001;
(k) Education Cooperative is one organized for the
primary purpose of owning and operating licensed
educational institutions notwithstanding the provisions
of Republic Act No. 9155, otherwise known as the
Governance of Basic Education Act of 2001;

13. (l) Electric Cooperative is one organized for the
primary purposed of undertaking power
generations, utilizing renewable energy sources,
including hybrid systems, acquisition and
operation of sub transmission or distribution to
its household members;
(m) Financial Service Cooperative is one
organized for the primary purpose of engaging in
savings and credit services and other financial
services;

14. (n) Fishermen Cooperative is one organized by
marginalized fishermen in localities whose products
are marketed either as fresh or processed products;
(o) Health Services Cooperative is one organized for
the primary purpose of providing medical, dental and
other health services;
(p) Housing Cooperative is one organized to assist or
provide access to housing for the benefit of its
regular members who actively participate in the
savings program for housing. It is co-owned and
controlled by its members;

15. (q) Insurance Cooperative is one engaged in the
business of insuring life and poverty of cooperatives
and their members;
(r) Transport Cooperative is one which includes land
and sea transportation, limited to small vessels, as
defined or classified under the Philippine maritime
laws, organized under the provisions of this Code;
(s) Water Service Cooperative is one organized to
own, operate and manage waters systems for the
provision and distribution of potable water for its
members and their households;

16. (t) Workers Cooperative is one organized
by workers, including the self-employed,
who are at same time the members and
owners of the enterprise. Its principal
purpose is to provide employment and
business opportunities to its members and
manage it in accordance with cooperative
principles; and
(u) Other types of cooperative as may be
determined by the Authority.

17. Additional types originating from service coop
1. Service coops organized among professionals
to practice particular profession
2. Labor Service and workers cooperative
3. Health Service Cooperatives
4. Small scale mining cooperative

18. RIS Database as of Dec 31, 2012
Source: www.cda.gov.ph

19. Cooperative Monitoring Per Province
AS OF DECEMBER 31, 2012
Type
ARC
CB
Consumer
Credit
Federation
Marketing
Multi-Purpose
Producer
Service
Transport
Union
Workers
Health
Dairy
Electric
Housing
TOTAL
PANG
LU
IS
IN
TOTAL
13
0
74
53
4
21
479
9
6
1
1
1
0
0
2
0
664
2
1
16
29
2
2
141
4
2
3
1
0
0
0
0
1
204
17
1
5
39
2
5
135
2
1
0
1
0
2
0
0
0
210
9
1
14
34
3
1
184
5
4
0
1
1
0
1
0
0
258
41
3
109
155
11
29
939
20
13
4
4
2
2
1
2
1
1336
Source: 2012 Annual Report of CDA-DEO
Dissolv Total Operating
ed
Cooperative
0
0
6
6
1
0
64
1
1
0
0
0
0
0
0
0
79
41
3
103
149
10
29
875
19
12
4
4
2
2
1
2
1
1257

20. Total Assets Based on CAPR Database
As of December 31, 2013
Source: www.cda.gov.ph
168,287,009,928.19
180,000,000,000.00
160,000,000,000.00
140,000,000,000.00
120,000,000,000.00
100,000,000,000.00
80,000,000,000.00
60,402,652,513.67
60,000,000,000.00
40,000,000,000.00
20,000,000,000.00
25,429,265,943.07
9,302,418,915.43
-
Micro
Cooperatives
Small
Cooperatives
Medium
Cooperatives
Large
Cooperatives

21. 1
2
TOP 25 COOPERATIVES BY
PAID-UP CAPITAL
As of December 31, 2012
(Based on CAPR/AFS)
3
4
5
6
7
8
9
10
11
20
21
22
23
24
25
Pozorrubio Market Vendors Credit
Cooperative
Mangaldan National High School Faculty,
Employees and Retirees Multipurpose
Cooperative
Coliling Farmers' Savings & Credit
Cooperative
Sugpon Multi-Purpose Cooperative
Candon City Government Employees Multi
Purpose Cooperative
Sugpunan SISA Magsingal Multi Purpose
Cooperative
13,501,869.05
12
13
14
12,455,344.59
11,712,220.00
11,660,735.00
11,579,854.46
15
16
17
18
19
11,002,657.48
20
Source: 2012 Annual Report of CDA-DEO
COOPERATIVE NAME
Calasiao Plant & Related Companies
Employees' Credit Cooperative
Tubao Credit Cooperative
Sta. Cruz Savings and Development
Cooperative
Lingayen Catholic Credit Cooperative
Government of Laoag Employees
Development Coooperative
Pangasinan State University Multi Purpose
Cooperative
Fatima (Vigan) Multi Purpose Cooperative
Saint Augustine Multi Purpose Cooperative
Nueva Segovia Consortium of Cooperatives
Sacred Heart Savings Cooperative
Metro Vigan Cooperative Hospital
Ilocos Norte PNP, Ladies and Civilian
Employees Multi Purpose Cooperative
Saint Louis Development Cooperative
San Joaquin Multi Purpose Cooperative
Multi Purpose Cooperative of State Auditors
(MULTI COSA)
Suyo Multi Purpose Cooperative
Movers Multi Purpose Cooperative
Sto. Domingo Development Cooperative
Teachers Association of Pangasinan (TAP)
Multi Purpose Cooperative
Pozorrubio Market Vendors Credit
Cooperative
PAID-UP CAPITAL
215,775,802.05
210,891,651.66
111,765,990.64
110,140,612.13
75,280,000.00
40,805,480.00
37,250,361.00
31,689,105.24
27,712,589.14
27,649,436.87
27,066,700.00
24,501,938.00
22,039,100.00
20,859,162.00
18,878,300.00
18,717,009.05
16,349,900.00
15,787,902.93
15,524,481.83
13,501,869.05

22. Cooperatives Around the World
The cooperative movement gradually
spread around the world in the 19th
century. Today, cooperative businesses
are found nearly in all countries from the
developing nations of Africa, Asia and
South America to the industrial countries
of Europe and America. Many of the
cooperatives in these countries are
extremely successful with strong presence
especially in agriculture.

23. Today the sector is
estimated to have
around 1 billion
members and account
for more than 100
million jobs around the
world (ICA).

24. Why Cooperate?
People who organize and belong
cooperatives to do so for a variety of
economic, social, and even political
reasons. Cooperating with others has
often proven to be a satisfactory way of
achieving ones own objectives while
assisting others in achieving theirs.

25. Cooperative Values
Co-operatives are based on the values of selfhelp, self- responsibility, democracy,
equality, equity and solidarity. In the
tradition of their founders, co-operative
members believe in the ethical values of
honesty, openness, social responsibility and
caring for others.

26. Cooperative Principles
The Rochdale pioneers and the early
European cooperative thinkers and
organizers who laid down the foundation for
their success. They are responsible for
codifying a guiding set of principles that
provided the guide to help the development
of cooperatives across the world.

27. The co-operative principles are
guidelines by which co-operatives put their
values into practice.
1. Voluntary and Open Membership
Co-operatives are voluntary
organizations, open to all persons able to
use their services and willing to accept the
responsibilities of membership, without
gender, social, racial, political or religious
discrimination.

28. 2. Democratic Member Control
Co-operatives are democratic
organizations controlled by their members,
who actively participate in setting their
policies and making decisions. Men and
women serving as elected representatives
are accountable to the membership. In
primary co-operatives members have
equal voting rights (one member, one
vote) and co-operatives at other levels are
also organized in a democratic manner

29. 3. Member Economic Participation
Members contribute equitably to, and
democratically control, the capital of their cooperative. At least part of that capital is usually the
common property of the co-operative. Members
usually receive limited compensation, if any, on
capital subscribed as a condition of membership.
Members allocate surpluses for any or all of the
following purposes: developing their co-operative,
possibly by setting up reserves, part of which at
least would be indivisible; benefiting members in
proportion to their transactions with the cooperative; and supporting other activities approved
by the membership.

30. ARTICLE IX Allocation and Distribution of
Net Surplus for Newly Registered
Cooperative
Section 1. Allocation - At the end of its fiscal year, the Cooperative
shall allocate and distribute its net surplus as follows:
a. Reserve Fund. _______percent (____%)shall be set aside for
Reserve Fund subject to the following rules, provided, that in the first five
(5) years of operation after registration, this amount shall not be less
than fifty per centum (50%) of the net surplus:
b. Education and Training Fund. ________ percent (____%)shall be
set aside for Education and Training Fund.
i. Half of the amount allocated to the education and training fund
annually under this subsection may be spent by the cooperative for
education and training purposes; while the other half may be remitted
to a union or federation chosen by the cooperative or of which it is a
member.

31. c. Community Development Fund. ________percent
(____%)shall be used for projects and activities that
will benefit the community where the cooperative
operates.
d. Optional Fund. ________percent (____%)shall be
set aside for Optional Fund for land and building,
and any other necessary fund.
Section 2. Interest on Share Capital and Patronage
Refund. The remaining net surplus shall be made
available to the members in the form of interest on
share capital not to exceed the normal rate of return
on investment and patronage refunds.

32. 4. Autonomy and Independence
Co-operatives are autonomous, selfhelp organizations controlled by their
members. If they enter into agreements
with other organizations, including
governments, or raise capital from external
sources, they do so on terms that ensure
democratic control by their members and
maintain their co-operative autonomy.

33. 5. Education, Training and Information
Co-operatives provide education and
training for their members, elected
representatives, managers, and
employees so they can contribute
effectively to the development of their cooperatives. They inform the general public
- particularly young people and opinion
leaders - about the nature and benefits of
co-operation

34. 6. Co-operation among Co-operatives
Co-operatives serve their members
most effectively and strengthen the cooperative movement by working
together through local, national,
regional and international structures.

35. 7. Concern for Community
Co-operatives work for the
sustainable development of their
communities through policies
approved by their members.

36. Governance
To prosper, cooperative must be well
organized, well financed, well managed
and governed well by a committed
membership. They must be progressive,
adapting to changing business climates
and responding to the members’ changing
needs.

37. The directors, management staff
and members have responsibilities
within the cooperative . Strong and
viable require all the three groups to
do their share.

39. ARTICLE III – By Laws
Administration Section 1. The General
Assembly (GA). The general assembly is
composed of all the members entitled to
vote, duly assembled and constituting a
quorum and is the highest policy-making
body of the Cooperative.

40. Section 2. Powers of the General Assembly.
Subject to the pertinent provisions of the Cooperative
Code and the rules issued there under, the general
assembly shall have the following exclusive powers
which cannot be delegated:
a. To determine and approve amendments to the
cooperative Articles of Cooperation and By-laws;
b. To elect or appoint the members of the board of
directors, and to remove them for cause;
c. To approve developmental plans of the
cooperative; and
d. To delegate the following power/s to a smaller
body of the cooperative:

41. ARTICLE IV Board of Directors
Section 1. Composition of the Board of Directors (BOD). The
Board of Directors shall be composed of _______ ( )
members.
Section 2. Functions and Responsibilities. The Board of
Directors shall have the following functions and
responsibilities:
a. Provide general policy direction;
b. Formulate the strategic development plan;
c. Determine and prescribe the organizational and
operational structure;
d. Review the Annual Plan and Budget and recommend
for the approval of the GA;

42. e. Establish policies and procedures for the effective
operation and ensure proper implementation of
such;
f. Evaluate the capability and qualification, and
recommend to the GA the engagement of the
services of the External Auditor;
g. Appoint the members of the Mediation/ Conciliation
and Ethics Committees and other Officers as
specified in the Code and cooperative By-laws;
h. Declare the members entitled to vote;
i. Decide election related cases involving the Election
Committee and its members;

43. j. Act on the recommendation of the Ethics
Committee on cases involving violations of
Code of Governance and Ethical
Standards; and
k. Perform such other functions as may be
prescribed in the By-laws or authorized by
the GA.

44. ARTICLE V
Committees
Section 1. Audit Committee. An Audit
Committee is hereby created and shall be
composed of ________ ( ) members to be
elected during a general assembly
meeting and shall hold office for a term of
one (1) year or until their successors shall
have been elected and qualified.

45. Section 2. Functions and Responsibilities. The
Audit Committee shall:
a. Monitor the adequacy and effectiveness of the
cooperative’s management and control system;
b. Audit the performance of the cooperative and its
various responsibility centers;
c. Review continuously and periodically the books
of account and other financial records to ensure
that these are in accordance with the
cooperative principles & generally accepted
accounting procedures;

46. d. Submit reports on the results of the
internal audit and recommend necessary
changes on policies and other related
matters on operation to the Board of
Directors and GA;
e. Recommend or petition to the Board of
Directors the conduct of special general
assembly when necessary; and
f. Perform such other functions as may be
prescribed in the By-laws or authorize by
the GA.

47. Section 3. Election Committee. An Election
Committee is hereby created and shall be
composed of _____ ( ) members to be
elected during a general assembly
meeting and shall hold office for a term of
one (1) year or until their successors shall
have been elected and qualified.

48. Section 4. Functions and Responsibilities. The
Election Committee shall:
a. Formulate election rules and guidelines, and
recommend to the GA for approval;
b. Implement election rules and guidelines duly
approved by the GA;
c. Recommend necessary amendments to the
election rules and guidelines, in consultation
with the Board of Directors, for approval of the
GA;
d. Supervise the conduct, manner and procedure
of election and other election related activities
and act on the changes thereto;

49. e. Canvass and certify the results of the
election;
f. Proclaim the winning candidates;
g. Decide election and other related cases
except those involving the Election
Committee or its members, and
h. Perform such other functions as
prescribed in the By-laws or authorized by
the GA.

50. Section 5. Education and Training
Committee. An Education and Training
Committee is hereby created and shall be
composed of ________ ( ) members to be
appointed by the Board of Directors and
shall serve for a term of one (1) year,
without prejudice to their reappointment.

51. Section 6. Functions and Responsibilities.
The Education and Training Committee
shall:
a. Keep members, officers, staff well-informed
regarding cooperative’s goals/objectives,
policies & procedures, services, etc.;
b. Plan and implement educational program for
coop members, officers and staff;
c. Develop promotional and training materials
for the cooperative; and
d. Conduct/Coordinate training activities.

52. Section 7. Mediation and Conciliation
Committee. A Mediation and Conciliation
Committee is hereby created and shall be
composed of _______ ( ) members to be
appointed by the Board of Directors.

53. Section 8. Functions and Responsibilities. The
Mediation and Conciliation Committee:
a. Formulate and develop the ConciliationMediation Program and ensure that it is properly
implemented;
b. Monitor Conciliation-Mediation program and
processes;
c. Submit semi-annual reports of cooperative
cases to the Authority within 15 days after the
end of every semester;
d. Accept and file Evaluation Reports;
e. Submit recommendations for improvements to
the BOD;

54. f. Recommend to the BOD any member of
the cooperative for Conciliation-Mediation
Training as Cooperative MediatorConciliator;
g. Issue the Certificate of Non-Settlement;
and
h. Perform such other functions as may be
prescribed in the By-laws or authorized by
the GA.

55. Section 9. Ethics Committee. An Ethics
Committee is hereby created and shall be
composed of ___________ ( ) members to
be appointed by the Board of Directors.

56. Section 10. Functions and Responsibilities.
The Ethics Committee shall:
a. Develop Code of Governance and Ethical
Standard to be observed by the members,
officers and employees of the cooperative
subject to the approval of the BOD and
ratification of the GA;
b. Disseminate, promote and implement the
approved Code of Governance and Ethical
Standards;
c. Monitor compliance with the Code of Governance
and Ethical Standards and recommend to the
BOD measures to address the gap, if any;

57. d. Conduct initial investigation or inquiry
upon receipt of a complaint involving Code
of Governance and Ethical Standards and
submit report to the BOD together with the
appropriate sanctions;
e. Recommend ethical rules and policy to
the BOD;
f. Perform such other functions

58. Section 11. Other Committees. By a majority
vote of all its members, the Board of
Directors may form such other committees
as may be deemed necessary for the
operation of the Cooperative.

59. MEMORANDUM CIRCULAR NO. 2011-04 Series
of 2011 Dated Feb 22, 2011
Officers of the Cooperative as provided under Art. 5
(11) of RA9520:
(1) Members of the Board of the Directors;
(2) Members of the different committee created by the
general
assembly; ,
(3) General Manager or the Chief Executive Officer;
(4) Secretary;
(5) Treasurer; and
(6) Members holding other positions as may be provided
for the by-laws of the cooperative.

60. B. Officers elected by the General
Assembly:
(1) Members of the Board of Directors;
and
(2) Members of the Audit and Election
Committee.

61. C. Officers appointed by the Board
of Directors:
(1) Treasurer;
(2) Secretary;
(3) Members of the Mediation and Conciliation
Committee;
(4) Members of the Ethics Committee;
(5) Members of Other Committees unless
otherwise provided in the by-laws; and
6) Members of the Board of Directors appointed by
the remaining directors for vacancy other them
expiration of term ( Article 41 of RA 9520)

62. Under Article 42, there is no prohibition for
elected officers with relationship up to the
third civil degree of consanguinity or
affinity to hold the aforesaid elected
positions in the same cooperative provided
they have been elected by the General
Assembly. These are the officers referred
to in paragraph B hereof.

63. The prohibition applies to the officers
referred to in paragraph C hereof. There
shall be no two (2) persons or more with
relationship up to the third civil degree of
consanguinity or affinity to hold any of the
above-mentioned appointed positions in
the same cooperative.

64. However, an elected officer can have
one (1) appointed relative within the third
civil degree of consanguinity or affinity
provided that under no circumstance shall
there be relationship up to the third civil
degree of consanguinity or affinity among
the appointed officers.

65. With respect to husband and wife since
they are considered as "one person with
the same interest" (Report of the
Commission of the Family Code, page 25),
the prohibition on appointive officers shall
apply to them likewise.

66. 1. Relationship by Consanguinity
1. First Degree - Parent to Child
2. Second Degree - Grandparent to
Grandchild, Brother to Sister
3. Third Degree - Uncle to Child, Aunt to
Child, Great- Grandparent to Great
Grandchild

67. 2. Relationship by Affinity
1. First Degree - Parent-in-Law to
Daughter/Son-in-Iaw
2. Second Degree - Brother-in-Law to Sisterin-Law
3.Third Degree - Great-Grandparent-in-Iaw
to Great Granddaughter/Great Grandsonin-Law, Uncle/Aunt in- law to Niece/
Nephew in-law.

68. Best Practices
Cooperative members are its important
assets. Cooperative success hinges on
effective member education, training,
information to members. Thus, a
successful education and communication
program should be in placed.

69. CPRCE MPC BEST Practices
• The Board do not receive any form of
compensation;
• Computerized loan processing, bookkeeping
and financial statement preparation;
• Coop with website to keep members and
public updated;

70. • Operating nationwide thru electronic
means
• Interest are not charged in advance;
• Coop grants P100,000 burial assistance;
• Christmas gifts to qualified members;
• The coop remained self reliant since
1987;

71. GLEDCO Best Practices
1. Commitment to
Good Governance
in its day to day
operations by
Dedicated Officers
and Management
Staff.
GLEDCO Top
Performing
Cooperative in
Ilocos Region

72. a) Regular conduct of general / mid-year
general assemblies.
b) Conduct of mid-year and year-end
assessment and planning conferences.
c) Regular conduct of two (2) board
meetings a month.

73. c) Regular conduct of two (2) board meetings a
month.
d) Conduct of monthly / weekly meetings with
Management Staff.
e) Conduct of monthly PMES (We have our own
trainers).
f) Monthly financial statements are posted at
bulletin boards / distributed to different offices.
g) Monthly / Annual Performances are compared
against Targets as set forth in the approved
Annual Budget.
h) Maintenance of Website / Facebook Account.

77. 1. Health and Wellness program as one of the
important needs. In this concern, Medical Missions
were made during the past years up to the present.
2. With the collaboration of SACDECO and RHU in
Sta. Cruz, 152 women were served and undergone
PAP SMEAR. Aside from these, SANITATION
PROJECT was also implemented.

78. 3. Distributed toilet bowls and drums to families
without Comfort Rooms in barangay Pinipin, Pilar,
Sevilla, Villa Hermosa and Dili, this town. The same
program was also implemented in the SACDECO
branches of Santa and Bangar with the assistance of
the Local Government Unit (LGU)
4. Barangay Daligan was benefitted with water system
connecting the spring from mountain going down to
the barangay residences up to the neighboring
barangays. Relative to this, barangay Casilagan was
also given a set of jet-matic for public use. One
organization from barangay Calaoa-an was also given
field watering materials.

79. 5. the Prime Movers Association members
composed of fishermen from barangay
Capariaan, Villa Garcia and Casilagan
received One Hundred Thousand Pesos
(PHP100,000.00) for the purchase of
motorized boat and for the repairs of
fishing paraphernalia. The assistance was
given to them to enhance their daily works
and financial needs.

80. 6. supporting the YTM programs. The
following schools are the beneficiaries:
a) Pinipin Elementary School- Monoblock Chairs
& painting Materials
b) Arangin-Dinaratan Elementary SchoolMaterials for classroom repairs
c) P.R. PMA- 1 unit Computer Set
d) Babayoan Elementary School- Paint &
materials for water system
e) Nagtenga Elementary School- Jet matic
f) Sagat Elementary School- Repair of water
system

81. g) Dili Elementary School- Painting materials
for classrooms
h) Amazing grace- 1 unit Laptop
i) Castro Elementary School (Bangar)- 2 units
ceiling fans
j) San Francisco Elementary School (Sudipen
L.U) – 2 units ceiling fan
k) Banayoyo Central School- 2 white boards

82. 7. Supported the “ECOLOGY/GREENING
PROGRAM” of the government. Some of
the activities are the planting of
Mangroves in Santiago, Ilocos Sur,
coconut in the coastal barangay of Sevilla,
Pilar and Las-ud, acacia and milena in
barangay Babayoan

83. Cooperative Financing
Cooperative financing is also critical in today’s
complex operation. Adequate capital is one of
the fundamental principles of sound business
operation and at the same time one of the
biggest challenge facing the cooperative today.

84. Savings
Regular Savings Deposit
Time Deposit
Members Contingency Deposits
Youth Saver’s Club
Dream Savings Funds
Retirement Savings
Pension Savings
SAFE Savings
Build Savings
Emergency Savings Fund

85. Common Share
Share
Capital
Preferred Share

87. SBFCA Pambuhay
Multi-Purpose Cooperative
Agoo, La Union
BEST in Membership
Growth and Expansion
Provincial Level
In recognition of their exemplary performance and unique strategies
in terms of increasing membership.
Issued this 25th day of June, 2013 at Dagupan City.
RAY R. ELEVAZO
Regional director
Gawad Parangal
Validators:
JOSEFINA B. BIT0NIO
Supervising Cooperative Development
Specialist
VAN IAN F. ENRIQUEZ
Senior CDS - CRIT Unit

88. Reference
• Oro Integrated Cooperative
orointegratedcoop.com
• Sacred Heart Savings
Cooperativehttps://www.facebook.com/sa
credheartsavingscoop
• Kimberly A. Zeuli and Robert Cropp
community-wealth.org/_pdfs/articlespublications

89. • SACDECO
www.sacddeco.com
• Gledco
www.gledco.org.ph
• RA 9520
www.cda.gov.ph
• Model By Laws Primary Cooperative
www.cda.gov.ph

90. • MEMORANDUM CIRCULAR NO. 2011-04
Series of 2011 Dated Feb 22, 2011
www.cda.gov.ph
• Josefina B. Bitonio 2012 Annual Report
CDA Dagupan
• Statistical Data
www.cda.gov.ph