STA. CRUZ SAVINGS AND DEVELOPMENT COOPERATIVES (SACDECO) By: MISS JOCELYN P. AVILA Ed. D. STUDENT Cognate: Seminar in Productivity andEntrepreneurs hip
What is COOPERATIVE?A group of VOLUNTARY individual with unified goal and knowledge inorder to attained its success which abides the law by giving its appropriate share and to enjoy its services and benefits.
PRINCIPLES OF COOPERATIVE Open and Voluntary Membership Member’s welfare through the principle of Democracy. Cooperation among members through giving share and using its services. Continuous education and training with all members. Affiliation with others. Responsive on the needs of the community. Ecology (environmental friendly).
Rights and Privilege of a Member Continuous giving of Share and Deposits. Availing of services. Attending meetings and other activities. Paying loans on time.
History of SACDECO STA.CRUZ SAVINGS AND DEVELOPMENT COOPERATIVE BORN ON DECEMBER 18, 1984 CONFIRMED BY CDA ON FEB.14, 1991 STA. CRUZ CREDIT COOPERATIVE
49 BRGYS IN STA.CRUZ, IS 25 INCORPORATORS P5,000.00 AS CAPITAL 1 STAFF
MUTYA NG KOOPERATIBA, DEC. 1987 -P500,0000.000SACRIFICIAL MERIENDA, APRIL 1989 P300,000.00 Big BREAKS RAFFLE DRAW, JULY 1989 P400,000.00
GRANTS WERE GIVEN BY LDB & DTIthe Cooperative go to MULTI- PURPOSE thus renaming it the STA. CRUZ MULTI-PURPOSE COOPERATIVE (SCMPC) through the amended Articles of Cooperation and By-laws which was duly registered with the CDA on July 4, 1994.
SCMPC SACDECO MAY 22, 2006 SAVINGS Youth Tipid CREDITMovement SACDECO Mortuary Scholarship Aid Program Program
SACDECO Santa Cruz Savings &DevelopmentCooperative2nd Floor,Gabriel Bldg.M.H.Del Pilar Bayambang,Pangasinan
STA.CRUZ SAVINGS &DEVELOPMENT COOPERATIVE SACDECO27 Years in Business Operation
SUCCESS STORIES OF SACDECO TOP Coop, 2012 LDP Gawad Pitak Award Top Training Patrons, 2010 NATCO 4 th Place of the Top Coops in Region I, 2009 CDA Best Performing Coop Multi-Millionaire Coop
1 s t COOP ATM north of Manila. It is also the 1 st ATM in Sta. Cruz, Ilocos Sur. 1 st in the second district of Ilocos Sur to launch Gender Sensitivity Program, empowering women into leadership or
HIGHEST PRIMARY COOP INVESTOR AT ISCB, TOP INVESTOR AT (NSCC) ONE OF THE TOP INVESTORS AT MSCB. HAVE PRODUCED THE PRESENT REPRESENTATIVE OF THE COOP-NATCCO PARTYLIST, CONG. JOSE R. PING-AY, AND THE CHAIRPERSON OF THE BOARD OF DIRECTORS
Before, AWARDSAND RECOGNITION Now, our efforts have been recognized bywere just a dream! various organizations. We have received various awards. SACDECO – then and now…
NATCCO Networ k National Agricultural COOP NATCCO Confederation of Guarantee Fund PARTY-LIST Cooperatives Pool Coop Life Mutual Nueva Segovia Metro South ASEAN Women in Benefit Services Consortium of Cooperative Bank Cooperative Cooperatives Development Forum Small Business Ilocos Sur Northern LuzonSACDECO – then and Cooperative Bank Corporation Federation of Cooperativenow… Development Center, Inc.
AREA OF OPERATION-4 PROVINCES and entire of Luzon. Now, it has 9 business offices (8 local and 1foreign).SACDECO – then andnow…
VISION,MISSION & GOALVISION: A one-stop shop capable and reliable Cooperative Financial Center and Gender Equality (GE) Champion in the Luzon.
VISION,MISSION & GOALMISSION:1.To provide quality financial services responsive to all members.2.To provide a Gender responsive environment in the implementation of other programs and services.
VISION,MISSION & GOALGOAL: To establish and implementvarious financial programsand products that areresponsive and accessible toall members in a gender fairenvironment.
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 cooperative, my life I pledge So help me God.
SAPATA TI KOOPERATIBA Ilokano Version Kas maysa a Pilipino Addaak ken mamatiak iti kooperatiba Nakapsutak no sisiak Ngem napigsaak no makikaduaak. Agkumitak ngarud a makitimpuyog Tapno ti amin nga kinarang-ay inda magun-od Panagtutunos ken kinasaldet ipategko Pasken ti kooperatiba innak isango Pagrebbengan sidadaanak mangibaklay Pilosopya ti kooperatiba ibiagko pay. Maysa nga sirmata,maysa nga panunot,maysa nga rikna Iti panagtitimpuyog,biagko innak isapata O Dios, tulungannak koma.
To sum up for the rapid expansion and growth of SACDECO, the following are attributed: functional and thinking Board, technically and globally competent management and staff, operational compliance and adherence to the rules and regulations, increasing support by the general membership and strong linkages.SACDECO – then and now…
Management & Staff Bayambang Santa Asingan BangarSantiago Villasis SACDECO – then and now… Manageme nt & Staff Bacnotan Head Office
STA.CRUZ SAVINGS &DEVELOPMENT COOPERATIVE SACDECO (Bayambang Branch) Date Opened: January 10,201118 Months in Business Operation
WISE BORROWER SEMINAR A seminar given to member/borrower so they will know their duties and responsibilities as well as the guidelines in the lending program of cooperative.
WHY WBS?A member request only an amount he/she is capable to pay.Tells exactly the purpose of the loan.Awareness of the loan term and the due date of the loan.
Benefits Derived Requesting Loan from SACDECO: Patronage Refund Increase of Savings Deposit and Share Capital. Chance to look for a higher price of commodity produce. Use of DEPOSITS as collateral for a lower rate of interest.
INTEREST RATE & CHARGES 1.FULLY SECURED LOAN INTEREST RATE Interest 1.5% per month Service Fee 2.0% Filing Fee 1.0% LRP 1.0% (Loan Recovery Program) Collection Fee 0.5% Share Capital 3.0% 2.AGRICULTURAL LOAN INTEREST RATE Interest 1.75% per month Service Fee 2.0% Filing Fee 1.0% LRP 2.0% (Loan Recovery Program) Collection Fee 0.5% Share Capital 3.0%
INTEREST RATE & CHARGES 3.CLEAN LOAN INTEREST RATE Interest 2.0% per month Service Fee 2.0% Filing Fee 1.0% LRP 2.0% (Loan Recovery Program) Collection Fee 0.5% Share Capital 3.0% Note: Others charges and other deductions will only be deducted per loan availment.
INTEREST RATE & CHARGESExample: Loan 50,000 Term: 6 months Interest : 1.75% Loan Purpose: Palay Interest 5,250.00 (875 per month X 6) Service Fee 1,000.00 Filing Fee 500.00 LRP 1000.00 Collection Fee 250.00 Share Capital 1,500.00 Savings Deposit 100 Notarial Fee 400 Total Deductions 10,000.00 NET 40,000.00 Note: Others charges will only be deducted per loan availment.
Terms of Loan Maximum of 12 months for Abroad/Salary Loan (monthly and quarterly payments) Six (6) months for Agricultural (Lumpsum or Monthly payments) and Business loan – weekly or monthly payments * Maximum of 3 years for Real Estate Loan (Housing) – Monthly payments
Basis of Approval 5 C’s (Capacity Based Lending) 1.Capacity to pay (50%) 2.Character (30%) 3.Collateral (10%) 4.Condition (5%) 5.Capital (5%)
Member in Good Standing (MIGS) Share Capital - at least minimum paid up share capital of P 3, 000.00 Savings Deposit – at least P 1,000.00 maintaining balance. GLAD deposit – no arrears Loan- PAR 30 (Paying loans on time) Monthly additional share capital minimum of 50.00 on top of loan retention and required additional share capital every loan payment. Monthly additional savings deposit minimum of P 100.00 on top of loan retention. Attendance to General Assembly and ownership meeting.
Loan Requirement ChecklistReal Estate Mortgage - Original Title - Tax Declaration (Owner’s Copy/Certified Copy) - Certificate of Tax Payment for the year. (for the year 2012) - Vicinity Map/Sketch Plan - Certification from the Assessor Office. - Picture of the Collateral - Tax Idenfication Number (TIN)
Loan Requirement Checklist ChattelMortgage 1.Vehicles/Motorcycle - Original Cerficate of Registration & Official Receipt (OR/CR) - Picture of the Collateral. - Certification from the office of the Brgy.Captain 2.Farm Equipment and Appliances - Certification from the office of the Brgy.Captain - Picture of the Collateral. - Purchase Receipt (if available)
Loan Requirement Checklist OTHERS 1.For Employees - Latest payroll slip (3 MONTHS) 2.FOR ABROAD PURPOSES - Employment Contract and Visa are required. - Proof of Remittances 3.FOR BUSINESS PURPOSES -Business Permit (Mayor’s and Brgy.Permit) -DTI Permit -Business Plan/Project Proposal (for big business)
Loan Requirement Checklist OTHERS 4.For Crop Production - BARC or Certification from Brgy.Captain (Certifying the area of tillage) - Picture of the tillage.