2015 REVISED RA 9520 IRR ON TRAININGS

(Excerpts from Rule 7, Sec. 5 of "2015 Revised Rules and Regulations Implementing Certain and Special Provisions of the Philippine Cooperative Code of 2008").


 Section 5.  Training Requirements for the Officers of the Cooperative.  

     The following officers of the cooperative regardless of type and size, such as:

 
    1.  Board of Directors
    2.  Secretary
    3.  Treasurer
    4.   Election Committee 
    5.  Audit Committee
    6.  Ethics Committee
    7.   Mediation and Conciliation Committee
    8.   Other Committees created by the General/

           Representative Assembly; and
    9.  General Manager or Chief Executive Officer,


shall be required to undergo a minimum of sixteen (16) hours of training on the fundamentals of cooperatives and another sixteen (16) hours on governance and management of cooperatives within the first half of their term.  

    Provided, That in the case of micro-cooperatives,  they shall only undergo sixteen (16) hours of training on the fundamentals, governance and management of cooperatives.  


    The content of the training program shall be prescribed by the Authority in consultation with accredited training providers and the cooperative sector.


    In addition to the above-mentioned trainings, cooperatives engaged in savings and credit operations shall be required to undergo an additional sixteen (16) hours of specialized training on financial management, risk management, and credit management provided that these cooperatives have at least Five Million Pesos (Php5,000,000.00) worth of deposit liabilities based on the latest Audited Financial Statement of the cooperative.


    Cooperative officers shall likewise endeavor to undergo additional appropriate training.


    Section 5.  Training Provider.  The trainings shall be conducted by federations, unions, training institutions, or local cooperative development offices and National Government Agencies (NGAs) duly accredited by the Authority.


    Advocacy cooperatives which promote and advocate cooperativism through socially-oriented projects, education and training, research and communication and other similar activities may also be accredited as training providers.


    Section 7.  Sanction for Non-Compliance with the Training Requirements.


    a.  Willful failure of the cooperative to comply with the training requirements despite due notice from the Authority shall be ground for non-issuance of Certificate of Compliance for the next succeeding year.


    b.  Failure of any officer/s of a cooperative to undergo the prescribed trainings shall disqualify said officer/s to hold any elective or appointed position....".

Source:

Cooperative Philippines

Change in IRR of RA 9520

The Joint Congressional Oversight Committee on Cooperatives (JCOCC)-House Panel  has created a Technical Working Group (TWG).



Headed by COOP-NATCCO Party List Rep. DR. ANTHONY BRAVO, it is tasked to conduct initial review of the proposed amendments to the Implementing Rules and Regulations (IRR) of R.A. 9520, submitted by the Cooperative Development Authority (CDA).



Under R.A. 9520, the JCOCC is mandated to review and approve the IRR of the Philippine Cooperative Code.



The JCOCC is composed of the chairperson of the Senate Committee on Cooperatives; and the chairperson of the House Committee on Cooperatives Development (headed by Rep. CRESENTE C. PAEZ, of the COOP-NATCCO Party List); and by four members each from both Houses (House of Representatives, Senate).



In its recent meeting, the TWG focused its discussion on Sections 5 to 11, Rule 7 of the IRR, which provide for the specific training requirements for the officers of cooperatives.



Rep. Evelina Escudero (1st District, Sorsogon) and representatives from the Office of Rep. Paez; CDA, NATCCO, PCC, regional cooperative development councils; and Quezon City Council also attended the TWG meeting.

Source:

Cooperative Philippines

2014 HIGHLIGHTS

MANAGEMENT REPORT

Loan Products

Regular Loans:

Long Term Loan (LTL)  

loanable amount is based on share capital matrix

Maximum Amount Ph50,000.00)

10 months to pay

1.01% Interest/mo

4% Service Fee

4% Share Capital (continuous capital build-up)

with interest rebate for advance payment

Short Term Loan (STL)

Maximum of Ph15,000.00

3 months to pay

1.6% interest/mo

1.5% Service Fee/mo

Special Loans:

Computer Loan (CL)

loanable amount is based on share capital matrix

Maximum Amount Ph38,400.00

12 months to pay

2% Interest/mo

4% Service Fee

With interest rebate for advance payment

Cellphone Loan (CPL)  

Loanable amount Ph10,905           

5 mos. To pay,

1.01% interest/mo,

4% Service Fee

With interest rebate for advance payment

Book Loan (BL)          

Maximum of Ph15,000.00

3 months to pay

1.6% interest/mo

1.5% Service Fee/mo

Birthday Loan (BDL)     

Loanable amount Ph2,200.00

2 months to pay

4% Interest/mo

2% Service Fee

Calamity & Disaster Loan (CDL)

Loanable amount Ph11,400

10 months to pay

1% interest/mo

4% Service Fee

with interest rebate for advance payment

Voluntary Members Benefit Loan (VMBL)   

personal life insurance of member

12 months to pay

1.3% interest/mo

4% Service Fee

Electronic & Gadget Loan (EGL) 

purchase of actual gadgets     

10 months to pay

1.5% interest/mo

4% service fee

Restructured Loan (RL) 

existing loan can be restructured to help members improve their financial condition.

12 -18 months to pay

weighted ave. Interest

5% Service Fee

Quick Loan (QL)   

Loanable amount Ph2,200.00

2 months to pay

4% Interest/mo

2% Service Fee

Loan against Time Deposit 

back to back loan against Time Deposit

1.01% interest/mo

4% Service Fee

Terms depending on the  remaining months of Time Deposit

Why Join UE Caloocan Multi-Purpose Cooperative (UECMC)?

(Exclusive for University of the East Caloocan Campus Employees and Faculty Members)
Here are seven good reasons:

1. OWN the cooperative.
UECMC members own the cooperative equally. You can be as active as you choose. You have a voice and a vote at Regular General Assembly Meetings, which is held once every year or even during Special General Assembly Meetings, where you help define the vision and mission of our cooperative, and are welcome to share your views for its betterment. You can serve on a committee or even become a member of the Board of Directors, suggest new services and products, and volunteer in the implementation of projects. Since UECMC is still very young, there are wider rooms of opportunities available for both the cooperative and you.

2.  REFUND your expenses.
UECMC members receive patronage refunds for the products and services that they took advantage of in the cooperative. Meaning, members are actually not just availing the products and services at affordable prices but also at prices a lot lower or “cheaper” than the usual.

3. Have a PASSIVE INCOME.
By investing in the cooperative, that is by buying shares of stocks, you are not just saving the money you earn but also you are making your money work for you because the amount you invested will determine your share in the net surplus of the cooperative during the yearly dividend distribution.

4. SAVE the money you earn.
UECMC members are required to save at least a little portion of their salary to their Savings Deposit Account. They are also encouraged to put up their Time Deposit Accounts that could earn interest higher than what they could earn in other savings and financing institutions. 

5. Participate in TRAINING and other LEARNING OPPORTUNITIES.
As a member of UECMC, you will be equipped with knowledge that will immerse you in to the idea of the cooperative movement, its principles and objectives, as included in the curricular requirements prescribed by the cooperative authority.

6. Get involved in the COMMUNITY.
Being a member of UECMC is much more exciting as the members given the chance to share what they have in excess to the community through outreach programs.

7. Start an INCOME-GENERATING activity.
UECMC members are given equal opportunity to think, to design, to propose and, if feasible and approved by the directors, to implement a business that can be a secondary source of their income.

MISSION VISION

OUR VISION

UECMC, envisions itself as a fast growing MPC committed to empowering its members through awareness of and active participation in innovative socio-economic programs of the cooperative.

  OUR MISSION

UECMC is committed to providing it’s members and other stakeholders quality products and services through systematic policies and procedures, sustainable trainings and livelihood programs designed to enhance leadership and entrepreneurial skills its members.  Thus, the cooperative’s growth is the member’s growth.

 

  OUR CORE VALUES

 

WHY JOIN UECMC?

(Exclusive for University of the East Caloocan Campus Employees and Faculty Members)
Here are seven good reasons:

1. OWN the cooperative.
UECMC members own the cooperative equally. You can be as active as you choose. You have a voice and a vote at Regular General Assembly Meetings, which is held once every year or even during Special General Assembly Meetings, where you help define the vision and mission of our cooperative, and are welcome to share your views for its betterment. You can serve on a committee or even become a member of the Board of Directors, suggest new services and products, and volunteer in the implementation of projects. Since UECMC is still very young, there are wider rooms of opportunities available for both the cooperative and you.

2.  REFUND your expenses.
UECMC members receive patronage refunds for the products and services that they took advantage of in the cooperative. Meaning, members are actually not just availing the products and services at affordable prices but also at prices a lot lower or “cheaper” than the usual.

3. Have a PASSIVE INCOME.
By investing in the cooperative, that is by buying shares of stocks, you are not just saving the money you earn but also you are making your money work for you because the amount you invested will determine your share in the net surplus of the cooperative during the yearly dividend distribution.

4. SAVE the money you earn.
UECMC members are required to save at least a little portion of their salary to their Savings Deposit Account. They are also encouraged to put up their Time Deposit Accounts that could earn interest higher than what they could earn in other savings and financing institutions. 

5. Participate in TRAINING and other LEARNING OPPORTUNITIES.
As a member of UECMC, you will be equipped with knowledge that will immerse you in to the idea of the cooperative movement, its principles and objectives, as included in the curricular requirements prescribed by the cooperative authority.

6. Get involved in the COMMUNITY.
Being a member of UECMC is much more exciting as the members given the chance to share what they have in excess to the community through outreach programs.

7. Start an INCOME-GENERATING activity.
UECMC members are given equal opportunity to think, to design, to propose and, if feasible and approved by the directors, to implement a business that can be a secondary source of their income.