Sacred Heart Savings Cooperative, Candon City, Region 1 Philippines


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SCHC Profile, Milestones; products and services, awards and recognition

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Sacred Heart Savings Cooperative, Candon City, Region 1 Philippines

  1. 1. SACRED HEART SAVINGS COOPERATIVE Reg. No. 9520-01004061,CIN 102010222
  2. 2. PROFILE OF COOPERATIVE: Year Established: 1972 Year Registered : 1984
  3. 3. VISION STATEMENT A strong cooperative that propels community development.
  4. 4. MISSION STATEMENT To uplift the living condition of the people by providing sound financial services and promoting values and solidarity among members.
  5. 5. CORE VALUES  Integrity -To work in all honesty and uprightness for the common good.  Professionalism-To deliver services to members efficiently and effectively  Innovation-To continually effect new and novel programs to keep abreast with the changing times.  Discipline-To uphold the Code of Ethics in the performance of our tasks.  Teamwork-To work together as one big family.  Social Responsibility-To foster a culture of service while doing business.
  6. 6. Contact Person: Contact Numbers: Phone : (077) 742-6528; (077) 644-0529 Fax No. : (077) 742-6404 E-mail Address: Jaime D. Gaboy Jr. CEO
  7. 7. HISTORY The Sacred Heart Savings Cooperative was organized on April 2, 1972 as the Galimuyod Credit Union. A group of 33 parishioners of the Sacred Heart of Jesus Parish in Galimuyod, Ilocos Sur took the initiative to organize as a credit union. Fr. Edmundo Abaya, the Parish Priest, gave his full support to the movement. The union started with a capitalization of P916.00 and its principal office was located at the Sacred Heart of Jesus Parish rectory. On December 18, 1984, the credit union was converted into a Kilusang Bayan pursuant to presidential decree no. 175 and LOI No. 23 and was confirmed by the CDA on December 31, 1990, with the name Galimuyod Credit Cooperative. Later, in June 1997, the coop was converted into a multi-purpose cooperative providing legal basis for its expansion programs.
  8. 8. Another amendment was made to its by-laws changing its name from Galimuyod Multi- Purpose Cooperative to Galimuyod Savings and Development Cooperative On October 28, 2002 and expanding its area of operation to the whole province of Ilocos Sur. HISTORY
  9. 9. As an offshoot to the amendment, the Cooperative put up its Branch Office in Candon located at the De Leon Building, Abaya St. Brgy. San Isidro, in July 2003. And it was recognized as the first cooperative to establish a branch in region I. HISTORY
  10. 10. In February 2007, the Cooperative opened its 2nd branch office located at San Jose, Narvacan, Ilocos Sur. HISTORY
  11. 11. A third branch was put up in San Emilio, Ilocos Sur on March 15, 2009 to serve the communities in the uplands. HISTORY
  12. 12. HISTORY The name of the Cooperative was changed to Sacred Heart Savings Cooperative to prepare the cooperative on its expansion outside Ilocos Sur On July 13, 2010.
  13. 13. Thus, On April 12, 2011, the Cooperative expanded its operation to San Fernando City, La Union. It was then its entry point to open its operation to other places. HISTORY
  14. 14. Recently, another branch was then opened to Rosario, La Union on November 5, 2012. HISTORY
  15. 15.  40th years in existence with an array of services as multi purpose cooperative;  From 33 member in 1972 to 11, 562 in 2012;  1998 Regional Winner in the Gawad Pitak awarded by Land Bank of the Philippines;  1999 2nd CDA Most Outstanding Cooperative National Level;  From the Municipality of Galimuyod, Ilocos Sur, the cooperative has expanded its area of operation to the whole of Region I and Abra allowing to reach out to more number of marginalized people;  Established six branches namely: Galimuyod Branch, Candon Branch, Narvacan Branch, San Emilio Branch, San Fernando City, La Union and Rosario, La Union Branch. All the branches were refurbished to have a good ambiance and make the office attractive to members and to the public. SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
  16. 16.  For its financial highlight, Sacred Heart Savings Cooperative has a total assets of P 376,292,786.19; Total liabilities 324,151,114.32; Net Worth P 52,141,671.87; Paid Up Share Capital of P 45,137,652.77 and Net Surplus of P 6,111,570.21;  Founding member and strong alliance of Nueva Segovia Consortium of Cooperatives (NSSC);  Active members to National Confederation of Cooperatives, (NATCCO), Metro South Cooperative Bank, Ilocos Sur Cooperative Bank; Cooperative Insurance System of the Philippines (CISP) , and Cooperative Life Insurance Mutual Benefit System (CLIMBS) and Northern Luzon Cooperative Development Center (NORLU);  Constructed a Cooperative Business Center along Morales St., San Isidro, Candon City worth P 13.2 Million;  103 personnel complement; SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
  17. 17.  Installation of Management Information System called KoopCAS. The system can process transactions faster, making members more satisfied with the services offered to them;  Installation of ATM in Narvacan Branch.  Adopted new approaches and techniques in managing loan portfolio by having a new credit operations manual;  Development of employees is also embodied in the new HR Management manual; and  Provided health care services to members in terms of unlimited medical check ups, laboratory and diagnostics, hospitalization allowance maximum of P 15,000,P 10,000.00 for surgical per year in partnership with Integrated Management Services . (IMS) SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
  18. 18. BRANCHES: - 1st Branch Office: July 2003 (CANDON) Address: Morales St., San Isidro, Candon City, Ilocos Sur - 2nd Branch Office: February 2007 (NARVACAN) Address: Santa Lucia, Narvacan, Ilocos Sur - 3rd Branch Office: March 2009 (SAN EMILIO) Address: Cabaroan, San Emilio, Ilocos Sur - 4th Branch Office: April 12, 2011 (SAN FERNANDO) Address: Brgy II, San Fernando, La Union - 5th Branch Office: November 5, 2012 (ROSARIO) Address: Friendship Commercial Bldg., Rosario, La Union BRANCHES
  19. 19. (As of 12-31-2012) (As of 12-31-2011) (Increase)  Total Assets 376,292,786.19 - 232,267,046.77 = 144,025,739.42  Loan Portfolio 281,199,370.14 - 176,106,688.63 = 105,092,681.51  Share Capital 45,137,652.77 - 27,649,436.87 = 17,488,215.90  Total Deposits 221,130,632.73 - 132,444,608.52 = 88,686,024.21  Total Investments 4,513,213.13 - 2,803,124.28 = 1,705,088.85  Net Worth 52,141,671.87 - 33,462,354.01 = 18,679,317.86  Gross Income 53,732,882.86 - 43,038,076.71 = 10,694,805.55  Net Surplus 6,111,570.21 - 4,378,722.67 = 1,732,847.54  Number of Members 11,562 - 7142 = 4420 Organizational Profile
  20. 20. 119,127,253.92 145,707,783.80 190,351,831.21 232,159,763.66 376,292,786.19 0.00 50,000,000.00 100,000,000.00 150,000,000.00 200,000,000.00 250,000,000.00 300,000,000.00 350,000,000.00 400,000,000.00 Total Assets 2008 2009 2010 2011 2012
  21. 21. 87,550,073.48 110,987,219.40 153,260,927.64 175,999,405.52 281,199,370.14 0.00 50,000,000.00 100,000,000.00 150,000,000.00 200,000,000.00 250,000,000.00 300,000,000.00 Loans Receivables 2008 2009 2010 2011 2012
  22. 22. 14,468,570.69 16,987,140.53 21,862,859.05 27,649,436.87 45,137,652.77 0.00 5,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 25,000,000.00 30,000,000.00 35,000,000.00 40,000,000.00 45,000,000.00 50,000,000.00 Paid-UpShare Capital 2008 2009 2010 2011 2012
  23. 23. 2,159,955.88 2,476,057.37 3,004,657.72 4,378,722.67 6,111,570.21 0.00 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 Net Surplus 2008 2009 2010 2011 2012
  24. 24. SARANAY SAVINGS • Interest Rate: 2% • Maintaining Balance: P500.00 • Exclusively for saranay contributions only
  25. 25. • Time Deposit TIME DEPOSIT 3 mos. 6 mos. 9 mos. 12 mos. 10,000 to 99,999.99 7%p.a. 8%p.a. 9%p.a. 10%p.a. 100,000.00 and above 11%p.a 12%p.a. 13%p.a. 14%p.a. SAVINGS PRODUCTS
  26. 26. LOAN PRODUCTS I- MICRO-FINANCE LOANS A. Micro-finance (Business) For small entrepreneurs who want to start their own business or improve their existing ones. B. Micro-finance (Agricultural) For farmers who want to engage in livelihood projects or to finance their crop production costs.
  27. 27. LOAN PRODUCTS II. REGULAR LOANS A. Business Loans For small and medium enterprises. B. Agricultural Loans For farmers who want to finance crop production, acquire farm implements or equipment, farm inputs, agricultural facilities.
  28. 28. LOAN PRODUCTS C. Multi-Purpose Loans For non-productive purposes like house repair, medical expenses, educational expenses, acquisition of appliances, placement fees for abroad.
  29. 29. LOAN PRODUCTS III. Emergency Loan -for emergency expenses. Amount: 5,000.00 Interest: 2% Service Fee: 3% Term: One (1) month only IV. Jewelry Loan -pawn your jewelry for instant cash. Charges: Interest - 1.5% Service Fee - 1.5% 3% Term: One Month Only
  30. 30. No. of years as member Amount of benefit 0 - 3 years 40,000.00 3 yrs. & 1 day - 6 years 70,000.00 6 yrs. & 1 day - 9 years 100,000.00 9 yrs. & 1 day - 12 years 130,000.00 12 yrs. & 1 day - 15 years 160,000.00 15 years and above 200,000.00
  31. 31. IV-Cooperative Health Care Program Benefits: - unlimited medical check-up - Unlimited laboratory services and unlimited Diagnostic Procedures (X-ray, Ultrasound, ECG) - hospitalization allowance of 15,000.00 per year - surgical allowance up to 10,000.00 per year.
  32. 32. Officers and Staff
  33. 33. MEMBERS OF THE BOARD Benedicto B. Aquino CHAIRMAN Marieta M. Saulan DIRECTOR Mariano B. Rafael VICE CHAIRMAN Abner E. Guilambo DIRECTOR Guillermo B. Salibad DIRECTOR Jaime D. Gaboy Jr. CEO Bibiana U. Dumawa DIRECTOR Romulo U. Sabongey DIRECTOR Rey F. Tanglib SECRETARY
  34. 34. Committees Credit Committee: Benedicto B. Aquino Chairman Mariano B. Rafael Member Jaime D. Gaboy Jr. Member Audit Committee: Emelinda V. Gorospe Chairperson Miriam P. Udayan Member Elliseo R. Lagasca Member Education Committee: Mariano B. Rafael Chairman Rey F. Tanglib Member Jaime D. Gaboy Jr. Member Election Committee: Josie M. Gabaon Chairman Imelda Alfonso Member Ronald R. Udayan Member
  35. 35. HEAD OFFICE PERSONNEL Jaime D. Gaboy Jr. Chief Executive Officer VICTORIA A. GUILAMBO Actg. Dept. Head ROBERTO M. UMALOS Operations Dept. Head REY F. TANGLIB HR Dept. Head JIMSON G. DAGSI IT Dept. Head CLAUDETTE S. MENDOZA Treasury Dept. Head MARIA THERESA G. VALDEZ Compliance Dept. Head
  36. 36. Randy T. Tabuyo Candon Jaime D. Galanta Jr. Narvacan BRANCH MANAGERS Garry A. Tan Rosario Dennis V. Gagarin Galimuyod Veronica C. Peralta San Fernando . Leonides G. Sapioc San Emilio
  42. 42. In partnership with the Integrated Management Services, Inc., the Sacred Heart Savings Cooperative conducted a Medical-Dental Mission on November 30, 2010 at the Galimuyod Gymnasium intended for members of the Cooperative. MEDICAL-DENTAL MISSION
  43. 43. MEDICAL-DENTAL MISSION The event was made even more successful by the selfless participation of the Doctors, Dentists and Nurses who volunteered their services to tend to the patients who turned up for the event. Medicines were also made available to them.
  44. 44. FEEDING PROGRAM: The cooperative has taken upon itself to give back to the community the good blessings it has been garnering through the participation of members for the last several years and in line with its core value of social responsibility and community building, a feeding program has been launched for a number of day care centers in the municipality of Galimuyod..
  45. 45. It was started with 3 initial daycare centers. The program was officially launched in barangay Oaig-Daya daycare center with 8 recipients. Calimugtong daycare center has 23 recipients and barangay Nagsingcaoan day care center with 15 recipients for a total of 46 initial recipients. The feeding program will be brought to other day care centers not only in Galimuyod but in other municipalities as well. FEEDING PROGRAM:
  46. 46. ENVIRONMENT PROTECTION In adherence to the worldwide call on environmental concern, the staff of the Sacred Heart Savings cooperative conducted a tree planting activity to conclude the ground breaking ceremony for the new office building in Candon City.
  47. 47. The tree plating activity was held at the coop lot in Poblacion, Galimuyod, Ilocos Sur on July 10, 2010. ENVIRONMENT PROTECTION
  53. 53. As part the program, different parlor games are being played by the members facilitated by the staff to make the program lively. Freebies were given to members through a raffle draw.
  54. 54. Different presentations of the members were being performed and considered as a contest.
  55. 55. Yearly Christmas gift such as ham, cakes, basket of fruits and bags were distributed to officers and staff.
  56. 56. Team work is being practiced through playing the different parlor games.
  57. 57. The staff could show their talents on their presentations.
  58. 58. The way they dress make their presentation more attractive .
  59. 59. Different trainings for staff were set and provided to make them more competitive.
  60. 60. As an activity for the community, the cooperative participated during fiestas by initiating Mutya ti Kooperatiba..
  61. 61. GALIMUYOD TOWN FIESTA INTER-AGENCY BASKETBALL TOURNAMENT The cooperative also joined various tournaments. This showed their team work, flexibility and sportsmanship.
  64. 64. 2010 5th CDA Most Distinguished Award for Cooperatives (Regional Level) AWARDS AND RECOGNITIONS
  66. 66. AWARDS AND RECOGNITION 2007 CDA 3rd Cooperative of the Year Awardee (Provincial Level)
  67. 67. AWARDS AND RECOGNITION 2003 PCFC Awardee on High Collection Rate and Low Past Due Rate
  68. 68. AWARDS AND RECOGNITION 2003 Awardee for Achieving the International Standard for DOSRI Delinquency of 0% PAR