IPEMPC Coop Premembership Seminar
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Pre Membership Education Seminar by the IPEMPC

Pre Membership Education Seminar by the IPEMPC

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  • As a Filipino, I am and I believe in the cooperative. Alone I am weak but with others I am strong. So I commit myself to work, to cooperate for all to be prosperous. Harmony, industry I will value. Cooperative affairs I will attend. Responsibilities I will assume. The cooperative philosophy I will live. One vision, one belief, one feeling In cooperativism, my life I pledge So help me God.
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  • IPEMPC HistoryOrganized in 1991 and operating a canteen called KADIWA. Duly registered with the (CDA ) Cooperative Development Authority on April 19, 1993 with 63 incorporators and a Paid-Up Capital of P11,225.
  • ABOUT IPEMPCMiSsionTo provide quality and sustainable service to the members and strengthen development.viSionA self-reliant and competitive Cooperative with an empowered membership and a dynamic partner in development
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  • COOPS are special because government wants to foster them as practical vehicles in promoting self-reliance and harnessing people towards attainment of economic development and justice.
  • C – Capitalized / ControlledO – OwnedO – OperatedP – PatronizedBy the members themselves
  • Cooperative is an autonomous and duly registered association of persons, with 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 servicesand accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.
  • purpose of the coopTo encourage thrift and savings mobilization among the members.To create funds and grant loans to members for productive and providential purpose.To provide primary necessities and other requirements of the members and non-members.To promote the cooperative as a new way of life for improving the social and economic well-being under a truly democratic society.To work with the cooperative movement and other agencies in the promotion and development of cooperatives in carrying out government policies. To undertake other activities for the effective and efficient implementation of the provision of the Cooperative Code.
  • GOAL / OBJECTIVE of the coopTo help improve quality of life of its members
  • Voluntary and Open MembershipCooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination.
  • Democratic Member ControlCooperatives are democratic organizations that are Controlled by their members who Actively participate in setting their policies and making decisions.Men and women serving as Elected representatives, directors or officers areaccountable to the membership. In primary cooperatives, members have equal voting rights of one-member, one vote. Cooperatives at other levels are organized in the same democratic manner.
  • Member Economic ParticipationMembers contribute equitable to, and democratically control, the capital of their cooperative. At least part of that capital is the common property of the cooperative. They shall receive limited compensation or limited interest, if any, on capital subscribed and paid as a condition of membership. Members allocate surpluses for any or all of the following purposes:- developing the cooperative by setting up reserves, part of which should at least be indivisible; - benefiting members in proportion to their patronage of the cooperative’s business; - and supporting other activities approved by the membership
  • Autonomy & IndependenceCooperatives are autonomous self-help organizationscontrolled by their members. If they enter into agreements with other organizations, including government, or raise capital from external sources, they shall do so on terms that ensure democratic control of their members and maintain their cooperative autonomy.
  • Education, Training & InformationCooperatives shall provide education and training for their members, elected and appointed representatives, managers, and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.
  • Cooperation Among CooperativesCooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
  • Concern for CommunityCooperatives work for the sustainable development of their communities through policies approved by their members.
  • ipEMPC ORGANIZATIONAL STRUCTUREAuthority of the General AssemblyThe GA shall be the highest policy making body of the cooperative and shall exercise such powers as are stated in RA 9520, in the Articles of Cooperation and by-laws of the cooperative (Art. 33, RA 9520).
  • RESPONSIBILITIES OF THE GATo determine and approve amendments to the articles of cooperation and by laws.To elect or appoint the members of the BOD, & to remove them for cause; Decide on election related cases involving the Election Committee or its membersTo approve development plans of the cooperative.The GA may, by a three-fourths (3/4) vote of all its members with voting rights, present and constituting a quorum, delegate some of its powers to a smaller body of the cooperative. These powers shall be enumerated under the bylaws of the cooperative.Perform such other functions as may be prescribed in the By-laws and/or authorized by the General Assembly
  • ACCOUNTABILITY OF THE GAAccountable to oneself, other members and ultimately to the community
  • BOARD OF DIRECTORSArt. 38.The board of directors shall be responsible for the Strategic Planning, Direction Setting and Policy Formulation Activities of the Cooperative.
  • BOD LIMITATIONSArt. 39, par (3).The members of the Board of Directors shall not hold any other position directly involved in the day to day operation and management of the Coop. Art 39, par (4). Any person engaged in a business similar to that of the Coop or who in any way has a conflict of interest with it, is disqualified from election as a Director if said Coop.
  • AUDIT COMMITTEE (AiCOM)Responsibilities include:Monitor the adequacy and effectiveness of the cooperative’s management control system and Audit the performance of the cooperatives and various responsibility centers.Review continuously and periodically the books and records of account to ensure that these are in accordance with the cooperative principles and generally accepted accounting practicesMembers are elected by the GAAlso includes:Submit reports on the result of the internal audit and recommended necessary changes of policies and other related matters and operations;Evaluate the capability and qualification and recommend to the BOD’s the engagement of the services of an External Auditor;Attend all trainings related to the functions of the committee; andPerform such other functions as may be prescribed in the by-laws and/or authorized by the GA.
  • ELECTION COMMITTEE (ELECOM)Formulate and recommend election rules and guidelines and recommended to the General Assembly for approval; Implement election rules and guidelines duly approved by the GA;Supervise the conduct, manner and procedure of election and other election related activities and act on the changes thereto;Canvass and certify the results of the elections;Proclaim the winning candidates;Decide election related cases except those involving the committee or each members;Attend all trainings related to the function of the committee; andPerform such other functions as prescribe in the by-laws and/or authorized by the GA.
  • Mediation & conciliation committee (medcom)Formulate and develop the Conciliation-Mediation Program and ensure that it is properly implemented;Monitor Conciliation-Mediation operations (entry of new cases, status of pending cases, performance of Conciliator-Mediators);Submit semi-annual reports to the CDA within fifteen (15) days after the end of every semester;Accept and file Evaluation Reports;Submit recommendations for improvements of the BOD’s;Recommend to the BOD’s any member of the cooperative for Conciliation-Mediation Training or Cooperative Conciliator-Mediator;Attend all trainings related to the functions of the committee; andPerform such other functions as may be prescribed in the By-laws and/or authorized by the GA.
  • ETHICS COMMITTEEDevelop ethical Norms and Code of Conduct to be observed by the members, officers and employees of the cooperative subject to the approval of the BOD’s and ratification of the GA;Disseminate, promote and implement the approved Code of Conduct and Ethical Norms;Monitor compliance with Universally Accepted Principles of Cooperation, Good Governance and Good Values and recommended to the BOD’s measures to address the gap, if any; Recommended Sanctions;Recommend ethical rules and policy to the BOD’s;Attend all training related to the functions of the committee; Issue certificate of No-Affiliation with any Federation/Union, if necessary; and Perform such other functions as maybe prescribed in the By-laws and /or authorized by the GA
  • OTHER COMMITTEESCREDIT COMMITTEEEDUCATION & TRAINING COMMITTEE
  • Participate in the deliberation during membership meetings and vote on all matters before such meetings (Only Regular members can vote)Avail of the services of the Coop without any discrimination whatsoever; upon compliance on the conditions and requirements of the Coop (Associate Members have different loan policies from Regular Members)Seek an elective position subject to the provisions of Sec. 12, Art. 111 of the By-Laws (for Regular members only)Receive interest on investment in the Capital Stock of the CooperativeInspect and examine Books of Accounts, the Minutes Book, the Share Register and the other records of the Cooperative during regular office hours and to exercise other rights and privileges of membership
  • Pay the installment on subscription and other obligations as they fall due and participation in the capital build-up of the CooperativePatronize its business regularlyParticipate in its parliamentary affairsObey the rules and regulations provided by R.A, 9520, its By-Laws, the decision of the General Assembly and BOD, and policies and decisions that may be promulgated by the CDAPromote the aims and purposes of the Cooperative, the success of its business, the welfare of its members and the cooperative movement as a whole.
  • Terms of PaymentLoans shall be paid monthly through payroll deduction for those who are in active service. Over the counter payment may be allowed only to Members in Good Standing.2. Retirees or those no longer in active service with the IPG may pay their loans through over the counter payments.
  • People with no money – gautangKay sin-o silaga-utang? – Sa may moneyHe who has the gold makes the rulesAnggautang may huyahuya, kulbakulba, duwaduwakag self-pityAng may money becomes the decion maker, is siocially superior and is culturally biasedAngga-utang has to pay the principal, the interest, the penalties and the most painful of all utangnaloob (gratitude)
  • Non coop members have no money, is ignorant, works aloneA Coop Member has the privileges of Capital Formation, Educated with coop Principles and works with a group with common interest
  • A Coop member gives Capital to the coopCollected Capital becomes pooled resourcesCoop abides by collective decision making and mutual respectCapital goes back to member in the form of ServicesIt creates Economic FreedomPolitical EmploymentSocial EqualityCultural TransformationSpiritual EnlightenmentHuman Dignity
  • Coop seeks Total Human DevelopmentSpiritualCulturalSocialPoliticalEconomic
  • SPENDING HABITS OF FILIPINOSSample 1: Income –Gastos = Utang; Gina-utangangkulangSample 2: Income – Gastos = Savings; Gina-save angsobra kun may sobraSample 3: Income – Savings = Gastos; Gina-unaang savings, angbilinipang-gastosI’d like to explain the theory of savings with waterEvery member has a source of income (employment, livelihood, business) that produces income (represented by water faucets)The salary, harvest and profits (water/money) of employment and business is gathered by a member (represented by cups)A part of this should be savings. These savings is deposited to the Coop as CBU
  • CHU deposits is supplemented by loans from banks, government and other financial institutionsThese funds are then
  • Cooperative valuesSELF-HELP - we help people help themselvesSELF-RESPONSIBILITY- we take responsibility for and answer to our actionsDEMOCRACY – we give our members a say in the way we run our businessEQUALITY - no matter how much money a member invest in their share account, they still have one voteEQUITY - we carry our business in a way that is fair and unbiasedSOLIDARITY- we share interest and common purposes with our members and other cooperatives
  • ETHICAL VALUESOPENNESS - nobody’s perfect, and we wont hide it when were notHONESTY - we are honest about what we do and the way we do itSOCIAL RESPONSIBILITY - we encourage people to take responsibility for their own community and work togetherCARING FOR OTHERS - we regularly fund charities and local community groups from the profits of our businesses
  • - Run through without details
  • Read each point shortly for members benefit
  • Run through quickly – intended for staffGOOD MANAGEMENTTransparencyHonestyCorrect ReportingUpdated RecordingReceptive to ChangeStaff DevelopmentBe an Extra Miler3F’s: Friendly, Fair, Firm

IPEMPC Coop Premembership Seminar Presentation Transcript

  • 1. PRE-MEMBERSHIP EDUCATION SEMINAR (PMES) July 25, 2014 * Iloilo Provincial Capitol
  • 2. COOPERATIVE PLEDGE As a Filipino, I am and I believe in the cooperative. Alone I am weak but with others I am strong. So I commit myself to work, to cooperate for all to be prosperous. Harmony, industry I will value. Cooperative affairs I will attend. Responsibilities I will assume. The cooperative philosophy I will live. One vision, one belief, one feeling In cooperativism, my life I pledge So help me God.
  • 3. WELCOME REMARKS EDCOM Chairperson Everette R. Mamon MESSAGE BOD Chairperson Modesto S. Margarico, Jr.
  • 4. THE IPEMPC
  • 5. IPEMPC History • Organized in 1991 and operating a canteen called KADIWA. • Duly registered with the (CDA ) Cooperative Development Authority on April 19, 1993 with 63 incorporators and a Paid-Up Capital of P11,225.
  • 6. ABOUT IPEMPC A trusted and competitive cooperative in the Province of Iloilo with empowered membership and a dynamic partner in development. To deliver efficient and effective financial products and allied services to the members and communities to improve their quality of life.
  • 7. CORE VALUES ntegrity – possessing of principles adhering to high morale principle or morale standard atronage – patronizing the products and services of IPEMPC xcellence – the quality or state of being outstanding utual Help – involving the same feelings for others rofessionalism – skill competence or character expected of a highly educated member ommitment – dedication to responsibilities
  • 8. THE COOPERATIVE An Introduction
  • 9. COOPS are special because government wants to foster them as practical vehicles in promoting self- reliance and harnessing people towards attainment of economic development and justice. WHY ARE COOPS SPECIAL?
  • 10. C – Capitalized / Controlled O – Owned O – Operated P – Patronized By the members themselves WHAT IS A COOP?
  • 11. • Is autonomous and duly registered • With common bond of interest • Have voluntarily joined together to achieve their needs and aspirations • By making equitable contributions • By patronizing their products and services • By accepting a fair share of the risks and benefits. In accordance with the universally accepted cooperative principles. COOPERATIVE
  • 12. PURPOSE OF THE COOP  To encourage thrift and savings.  To create funds and grant loans to members.  To provide primary necessities of the members and non-members.  To promote the cooperative as a new way of life for improving well-being.  To work with the cooperative movement in the promotion and development of cooperatives.  To undertake activities for the effective and efficient implementation of the Cooperative Code.
  • 13. GOAL / OBJECTIVE OF THE COOP To help improve quality of life of its members
  • 14. THE 7COOP PRINCIPLES
  • 15. Cooperatives are voluntary organizations open to all persons able to use their services willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination. 1 Voluntary and Open Membership
  • 16. 2 Democratic Member Control - Controlled by their members who actively participate in setting their policies and making decisions. - Men and women serving as elected representatives, directors or officers accountable to the membership. - Equal voting rights of one-member, one vote.
  • 17. 3 Member Economic Participation Members contribute equitable to, and democratically control, the capital of their cooperative. At least part of that capital is the common property of the cooperative. Members allocate surpluses for : 1. Coop Development 2. Members Benefits accdg. to patronage 3. Supporting other activities approved by the membership.
  • 18. 4 Autonomy & Independence Cooperatives are autonomous self-help organizations controlled by their members.
  • 19. 5 Education, Training & Information Cooperatives shall provide education and training for their members, elected and appointed representatives, managers and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.
  • 20. 6 Cooperation Among Cooperatives Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
  • 21. 7 Concern for Community Cooperatives work for the sustainable development of their communities through policies approved by their members.
  • 22. THE IPEMPC Organizational Structure
  • 23. IPEMPC ORGANIZATIONAL STRUCTURE General Assembly GA (MIGS) Election Committee (3 members) Board of Directors BOD (9 members) Audit Committee (5 members) Manager Credit Committee (3 members) Mediation & Conciliation Committee (3 mem) Ethics Committee (3 members) Education & Training Committee (4 members) SecretaryTreasurer Loan Officer CashierBookkeeper Storekeeper Canteen Manager ELECTED APPOINTED Directional Management Operational Management Line of Authority Line of Responsibility Line of Coordination
  • 24. Authority of the General Assembly The GA shall be the highest policy body of the cooperative and shall such powers as are stated in RA 9520, the Articles of Cooperation and by-laws the cooperative (Art. 33, RA 9520).
  • 25. o To determine and approve amendments to the articles of cooperation and by laws. o To elect or appoint the members of the BOD, & to remove them for cause; Decide on election related cases involving the Election Committee or its members o To approve development plans of the cooperative. o The GA may, by a three-fourths (3/4) vote of all its members with voting rights, present and constituting a quorum, delegate some of its powers to a smaller body of the cooperative. These powers shall be enumerated under the bylaws of the cooperative. o Perform such other functions as may be prescribed in the By-laws and/or authorized by the General Assembly. RESPONSIBILITIES OF THE GA
  • 26. Accountable to oneself, other members and ultimately to the community ACCOUNTABILITY OF THE GA
  • 27.  Art. 38. The board of directors shall be responsible for the Strategic Planning, Direction Setting and Policy Formulation Activities of the Cooperative. BOARD OF DIRECTORS
  • 28.  Art. 39, par (3). The members of the Board of Directors shall not hold any other position directly involved in the day to day operation and management of the Coop.  Art 39, par (4). Any person engaged in a business similar to that of the Coop or who in any way has a conflict of interest with it, is disqualified from election as a Director if said Coop. BOD LIMITATIONS
  • 29. AUDIT COMMITTEE (AICOM) Responsibilities include:  Monitor the adequacy and effectiveness of the cooperative’s management control system and  Audit the performance of the cooperatives and various responsibility centers.  Review continuously and periodically the books and records of account to ensure that these are in accordance with the cooperative principles and generally accepted accounting practices  Members are elected by the GA
  • 30. ELECTION COMMITTEE (ELECOM) Responsibilities include:  Formulate and recommend election rules and guidelines and recommended to the General Assembly for approval;  Implement election rules and guidelines duly approved by the GA;  Supervise the conduct, manner and procedure of election and other election related activities and act on the changes thereto;  Members are elected by the GA
  • 31. MEDIATION & CONCILIATION COMMITTEE (MEDCOM) Responsibilities include:  Formulate and develop the Conciliation -Mediation Program and ensure that it is properly implemented;  Monitor Conciliation-Mediation operations (entry of new cases, status of pending cases, performance of Conciliator-Mediators);  Submit semi-annual reports to the CDA within fifteen (15) days after the end of every semester;  Appointed by the BOD
  • 32. ETHICS COMMITTEE Responsibilities include:  Develop ethical Norms and Code of Conduct to be observed by the members, officers and employees of the cooperative subject to the approval of the BOD’s and ratification of the GA;  Disseminate, promote and implement the approved Code of Conduct and Ethical Norms;  Monitor compliance with Universally Accepted Principles of Cooperation, Good Governance and Good Values and recommend to the BOD measures to address the gap  Recommend ethical rules and policy to the BODs;  Appointed by the BOD
  • 33. OTHER COMMITTEES  CREDIT COMMITTEE  EDUCATION & TRAINING COMMITTEE All appointed by the BOD
  • 34. THE IPEMPC Membership & General Credit Policies
  • 35. MEMBERSHIP POLICY Regular Membership of this cooperative is open to the following: 1. Permanent employees 2. Retirees 3. Permanent employees of the IPEMPC. (Article II, Section 1 of the amended By-Laws of IPEMPC).
  • 36. Associate Membership shall be open to the following: 1. Plantilla casual personnel of the IPG 2. Elective Officials 3. Co-terminus Personnel of the Iloilo Provincial Government 4. Permanent and Plantilla Casual Personnel of Provincial and District Hospital 5. Small farmers/fishermen and entrepreneurs * Associate Members can become Regular Members after two years and if they had paid up the P4,000 Capital Share.
  • 37. MEMBERSHIP REQUIREMENTS 1. Membership Application Form 2. Attendance to PMES (Pre-Membership Education Seminar) 3. Paid the Membership Fee of P200.00 4. Subscribed a minimum of Four Thousand Pesos (P4,000.00) Share Capital of which at least 25% of the Subscribed Share or P1,000 shall be paid upon submission of the application for membership 5. BOD Approval
  • 38. RIGHTS OF A MEMBER 1. Participate and vote in membership meetings (Only Regular members can vote) 2. Avail of the services of the Coop 3. Seek an elective position 4. Receive interest on investment in the Capital Stock 5. Inspect and examine Books of Accounts, the Minutes Book, the Share Register and the other records of the Cooperative during regular office hours
  • 39. DUTIES OF A MEMBER 1. Pay the installment on subscription and other obligations as they fall due 2. Participate in the capital build-up 3. Patronize its business regularly 4. Participate in its parliamentary affairs 5. Obey the rules and regulations 6. Promote the aims and purposes of the Cooperative, the success of its business, the welfare of its members and the cooperative movement as a whole.
  • 40. MIGS and Non-MIGS MIGS - No delinquency for more than 90 days - Has attended the previous General Assembly - Has completed payment of CBU within a year Non-MIGS - Delinquent payments for more than 90 days - Has NOT attended the previous General Assembly - Has NOT completed payment of CBU within a year Consequence: -Cannot vote or speak during the General Assembly
  • 41. GENERAL CREDIT POLICY Eligibility to borrow 1. Must be a regular employee for at 6 months 2. Must be a permanent government employee of the IPG for more than 6 months 3. Paid at least P4,000 CBU 4. Minimum net take home pay of P3,000 after deducting all monthly amortizations, excluding ACA/PERA 5. A Member in Good Standing (MIGs) 6. Not retiring within the payment period 7. Must have a minimum leave credits of 15 days (sick/vacation or both) except for IPEMPC employees. 8. For plantilla casual turned permanent with leave credits of more than 15 days, no waiting period required
  • 42. GENERAL CREDIT POLICY Loanable Amount Maximun amount of all outstanding loan shall be 6X times the Capital Build-up (P6,000 for every P1,000 CBU) Special rules applies for Associate members
  • 43. GENERAL CREDIT POLICY Terms of Payment 1. All loans will be adjusted based on capacity to pay until it can be paid in a period of 1 year 2. All loans renewable after 50% of the amount is paid or after paying 6 monthly amortization 3. Not retiring within the period of loan 4. Shall have minimum of 15 days Sick/Vacation leave for IPG employees; 5 days for IPEMPC staff
  • 44. GENERAL CREDIT POLICY Interest and Other Charges 1. CBU retention – 2% of the amount granted shall be deducted from the loan proceeds to be credited as additional share capital of the member. 2. Mutual Fund – shall be deducted from the loan based on the policy of the insurance company. 3. Service Fee – 1% of the amount Granted shall be deducted from the loan proceeds 4. Notarial Fee – P200 per document or any applicable amount 5. Surcharge – 3% of unpaid principal due every month based on the amortization schedule 6. MSO – 0.5% of the amount shall be deducted from the loan proceeds and updated upon presentation of savings passbook.
  • 45. GENERAL CREDIT POLICY Loan Security The amount of loan shall be fully secured by pledges of co-maker(s), real estate mortgage, chattel mortgage, deposits, or a combination of the aforementioned whichever is applicable and acceptable to the cooperative Co-Makership 1. Co-Maker should guarantee by assigning all or a portion of his/her net pay, other deposits and/or real, chattel property and willing to provide information needed in the evaluation. 2. Only MIGS can act as co-maker. 3. Spouse is disqualified to become co-maker of his/her spouse. 4. Co-makership maybe availed twice.
  • 46. GENERAL CREDIT POLICY Approval of Loan 1.The Credit Committee en banc shall process, evaluate and recommend approval of loan application except when the applicant is a member of the committee, in which case, the application shall be acted upon by the Board of Directors (BODs) (Art. 111, Sec. 21 (b) of the By-Laws). 2. The Loan Officer/Credit Committee shall determine the amount based on the 5 Cs and the credit worthiness of the borrower. 1. Character 2. Capacity to Pay 3. Capital 4. Conditions 5. Collateral / Co-Maker
  • 47. CO-TERMINUS, JOB HIRES, THOSE UNDER CONTRACT OF SERVICE Qualifications • Those who are co-terminus, under contract of service and job hire employees of the Iloilo Provincial Government; • Should have attended pre-membership education seminars ofthe cooperative; • Should have paid the membership fee of P200. Benefits • Incentive of P200, free T-shirt for attending the General Assembly • Can avail loan on all loan windows
  • 48. CO-TERMINUS, JOB HIRES, THOSE UNDER CONTRACT OF SERVICE Eligibility To Borrow • Have reached a total CBU of P10,000; • CBU monthly contribution should be in accordance with the General Credit Policy Loanable Amount • 80% of the CBU and capacity to pay of the member; • Refer to the General Credit Policy Terms and Conditions • Payable within one year for co-terminus, contract of service and job hire employees.
  • 49. LOAN WINDOWS Type of Loan Max. Loanable Amount Term Interest Requirements Livelihood 4x of CBU 1 year 18% per annum Gen. Credit Policy applies With Co-Maker Consolidated 4x of CBU not to exceed P120,000 2 years 12% / annum Gen. Credit Policy applies With Co-Maker Emergency / Express Loan P30,000 .00 1 year 1% per month Attach Med. Certificate/ Certificate of Confinement Non-Emergency Express Loan P15,000.00 6 months 1% per month Min. Subscribed Capital P1,000 Regular Member at least one month ATM Loan P24,000.00 12 months 1.75% / month Gen. Credit Policy applies ATM Required With Co-maker Benefit Loan Commensurate of Member’s Benefits Upon Release of Benefits 1.5% per month Gen. Credit Policy applies For Mid-Year/Year-End, Clothing Allowance and RATA ATM Required Details can be found at www.ipempc.com
  • 50. THE IPEMPC Status
  • 51. TOTAL ASSETS Large Class A - Asset of P100 M up 0 20 40 60 80 100 120 140 160 180 Assets Millions 2009 2010 2011 2012 2013 Total Assets ₱ 174,065,117.00
  • 52. TOTAL SHARED CAPITAL & NET SURPLUS 0 5 10 15 20 25 30 35 40 45 50 Shared Capital Net Surplus Millions 2009 2010 2011 2012 2013 Total Paid-Up Shared Capital ₱ 49,906,103 Net Surplus ₱ 6,443,534
  • 53. TOTAL NUMBER OF MEMBERS 0 200 400 600 800 1000 1200 1400 2010 2011 2012 2013 Associate Regular 2011 2012 2013 Associate 81 59 68 Regular 1,096 1,141 1,269 Total 1,177 1,284 1,337
  • 54. IPEMPC SERVICES Lending Cafeteria MSO Airline Ticketing Scholarship Program 10 scholars Community Service Health Insurance, Burial Assistance Accident Insurance
  • 55. MEMBERS SAVINGS OPERATIONS (MSO) Total Savings Depositors:1,190 Total Amount: ₱ 3,429,495 Total Time Depositors: 48 Total Amount: ₱ 21,677,660
  • 56. THE COOP PHILOSOPHY
  • 57. UTANG ! • Decision Maker • Socially Superior • Culturally Biased MONEY !NO MONEY Huya-huya Kulba- kulba Duwa – duwa Self-pity : He who has the makes the rules Pay • Principal • Interest • Penalties • Gratitude
  • 58. COOPERATIVE MEMBER CAPITAL FORMATION EDUCATION GROUP ACTION NON-COOP MEMBER NO MONEY IGNORANCE INDIVIDUALISM
  • 59. CAPITAL SERVICES • Pooled Resources • Collective Decision-Making • Mutual Respect • Economic Freedom • Political Employment • Social Equality • Cultural Transformation • Spiritual Enlightenment • Human Dignity
  • 60. COOP PHILOSOPHY TOTAL HUMAN DEVELOPMENTSpiritual Cultural Social Political Economic
  • 61. Income = P 350 Gastos = P 400 UTANG! = P 50 Income = P 350 Gastos = P 325 SAVINGS = P 25 Income = P 350 SAVINGS = P 25 Gastos = P 325 SOURCE OF INCOME (Employment, Livelihood, Business, etc) COOP Salary / Harvests / Profits = SAVINGS ! CBU / Deposits SPENDING HABITS OF FILIPINOS
  • 62. COOP LOAN oBanks oFinancial Institutions oGovernment CBU / Deposits CREDIT Officers StaffMember / Owners IGPs Income Generating Projects Policies
  • 63. SELF-HELP - we help people help themselves SELF-RESPONSIBILITY- we take responsibility for and answer to our actions DEMOCRACY – we give our members a say in the way we run our business EQUALITY - no matter how much money a member invest in their share account, they still have one vote EQUITY - we carry our business in a way that is fair and unbiased SOLIDARITY- we share interest and common purposes with our members and other cooperatives COOPERATIVE VALUES
  • 64. ETHICAL VALUES OPENNESS - nobody’s perfect, and we wont hide it when were not HONESTY - we are honest about what we do and the way we do it SOCIAL RESPONSIBILITY - we encourage people to take responsibility for their own community and work together CARING FOR OTHERS - we regularly fund charities and local community groups from the profits of our businesses
  • 65. PRE-MEMBERSHIP EDUCATION SEMINAR (PMES) Thank you for coming !!!