This document summarizes the 47th Annual General Assembly of a cooperative. It commends the cooperative for increasing membership, business volume, diversifying businesses, and serving over 50,000 members through 21 branches. The theme of being a "future-ready social enterprise" emphasizes building a cooperative that can reinvent processes and deal with emerging challenges through innovation focused on excellent member service. To be future-ready, the cooperative must recognize that business changes, especially due to technology, will continue accelerating and use long-term planning to survive new pressures while improving results, costs, competitiveness, productivity, and employment.

1. My warmest cooperative greetings to the Officers, Management Staff, and all
shareholders as you hold your 47th Annual General Assembly. I commend the
cooperative for your consistent performance in terms of increasing membership,
increase volume of business, embarking on diversified businesses, opening doors to
other areas through your 21 branches and serving 50,000 plus members.
Your theme “Championing the Cooperative Cause as a Future-Ready Social
Enterprise” speaks of building and nurturing a future-ready cooperative, reinventing
your business processes and dealing with the emerging realities to see what lies
ahead - bringing together the best talents and tools to inspire innovation. Most
importantly, these innovations should always center on delivering exceptional service
to members-owners.
The Future-Ready cooperative operates on the premise that business change will
not only continue, it will likely accelerate due to a variety of factors especially the use
of technology. ”With some light shed on the upcoming economic landscape, the
board of directors can better hone their foresight towards the long-term planning and
preparing the cooperative to survive new and evolving business pressures to deliver
improved business results, increase members satisfaction, control costs, improve
competitive standing enhance employee productivity and creating employment.
Continue promoting and building a better lives for all. Congratulations and Mabuhay!
JOSEFINA B. BITONIO
Regional Director