1. 4th
GA (True Coop)
Chair Margarita B. Abalos
Mgr Federico Rosario
Other stakeholder
Theme Cooperative contributes to the betterment of the
community and uplifts the living standards of every cooperators
Your theme responds to every dream of Filipino families esp the
marginalized to have a better quality life. That is the reason for
our existence.
1. Concretely the coop should provide services that are
cheaper than their competitors, on time.
2. Members should also pay on time. If we have collection
problem then the coop can now avail of small court claims of
P 300K. This was developed by the Supreme Court to
provide a simple, speedy, and inexpensive means of dispute
settlement in courts. The procedure provides simple forms,
dispute settlement procedures, and a one-hearing rule.
3. Patronize and patronize the services of coops
Other challenges are to fully utilize its Community Development
Fund for its participation and involvement in community-based
activities of its member-consumers. This can be done through
various social responsibility programs that can be initiated by the
cooperative; Develop programs and carry out plans based on
ideals that reflect the thinking of its members, with realistic goals
adjusted to the purposes of the cooperative.
2. Update: CDA MC 2019-01 dated 11-5.2018 All cooperatives
should notify their members of its obligation to submit their
borrowers Basic Credit Data and other info to the Credit Info
Corporation (CIC) subject to the provisions of RA 9510 and its
IRR.
Dear Cooperative Members:
This is to notify that you that pursuant to RA 9510 and its
IRR, creating the CIC, the coop is mandated to submit your basic
credit data (as defined in RA No. 9510 and its IRR) as well as any
regular updates or corrections thereof, to the CIC for
consolidation and disclosure as may be authorized by the CIC.
Consequently, your basic credit data may thus be shared
with other lenders authorized by CIC and other credit reporting
agencies duly accredited by the CIC for the purpose of
establishing creditworthiness.
TIMTA Law:
Annual Tax Incentives Report- CDA will consolidate
TIN Coop = GRF, Id members and non members
Net Sale/services/Int Inc
Cost of Sales and Services
Gross Revenue
Gross exp
NS for allocation
Inc Tax Paid
3. VAT payment
Reminder: all members are required to submit their TIN
(Taxpayer Identification Number to the coop’s office. Or the coop
can assist you by providing a copy of any govt issued ID or birth
CERT (NSO) form 1904 BUIR Form or SPA to authorize the coop
to get your TIN number.
Commend:
1. For your report (transparency)
2. Increases of your A/L P 15 M plus Phenomenal
3. Increase in your NS (almost reaching your initial
investment
4. Annual development plan ( SRP?)
5. Policies on LC and TRU MAP
6. I admired your classification of membership (diamond,
gold, silver and bronze) with the point system
Continue promoting and building a better lives for all.
Congratulations and Mabuhay!
