1. P R E -M E M B E R SH I P
E D UCA T I ON
SE M I NA R
(PMES)

2. INNO-V CREDIT COOPERATIVE
OUR MISSION
Our mission is to build unrivaled partnerships with and
value for our clients, through the knowledge, creativity,
and dedication of our people, leading to superior
results for our shareholders.
To be open, responsible and rewarding, putting co-
operative values & principles into everyday practice to
enhance the lives of our people, members, customers,
and the communities in which we live.
OUR VISION
To build a better society by excelling in everything we
do

3. What is a COOPERATIVE?
A cooperative is an autonomous and duly
registered association of persons with a
common bond of interest, who have or
voluntarily joined together to achieve
their social, economic and cultural needs
and aspirations by making equitable
contributions to the capital required,

4. patronizing their products and
services and accepting a fair share of
the risks and benefits of the
undertaking in accordance with
universally accepted cooperative
principles.

5. COOPERATIVE
VALUES

6. SELF – HELP
The self-help values of cooperatives are
anchored on the reality that a man needs his
fellow human being in order to survive. As the
saying goes “ No man is an island, no man stands
alone”. A man does not possess everything he
needs to live. He needs to interact and
collaborate with another to meet his goals.

7. SELF - RESPONSIBILITY
As an institution, a cooperative bears
responsibility to both its members and the
community where it is part of. As an organization
that is responsible to its members, the
cooperative has to exercise the principle of
subsidiarity which means that, in addition to its
business services, it must make sure that the
members are provided with non-monetary
services for their balanced development.

8. DEMOCRACY
Cooperative is a democratic
organization. No one member is
given more privileges than the
others by virtue of race, belief,
religion, and others. The
members choose their own
leaders.

9. EQUALITY
Cooperative promotes peace among its
members. Each member is provided with
the equal opportunity to be entitled to
the various services of their cooperative.
No one is above over the other members
in benefits, services and
responsibilities.

10. EQUITY
A n o t h e r im p o r t a n t a c t o f
c o o p e r a t iv e is f o r t h e
m e m b e r s t o c o n t r ib u t e t o
t h e c a p it a l b a s e o f t h e
c o o p e r a t iv e a n d t o a c c e p t
a s h a r e o f t h e r is k s a n d
b e n e f it s . It is im p o s s ib le t o
m e e t t h e g o a ls a n d
o b je c t iv e s o f a c o o p e r a t iv e

11. SOLIDARITY
As a socio-economic
organization, a coop does not
only exist for its members alone
It is also responsible to
contribute to the development o
the community where the coop
belong.

12. Duties and Responsibilities of a
Member
1. To participate in membership seminars and
educational programs of the cooperative.
2. To pay the installment of his/her capital stock
subscription.
3. To participate in the capital build-up and
savings programs of the cooperative.
4. To attend and participate in all meetings and
General Assemblies.
5. To elect responsible and competent elective
officials.

13. 6. To pay all his/her obligations
promptly.
7. To patronize regularly the services of
the cooperative.
8. To be actively involved in the affairs
of the cooperative.
9. To follow rules, regulations, policies
and procedures governing the
cooperative and its operation.

14. RIGHTS OF A MEMBER
1. To participate in the deliberation during membership
meetings.
2. To vote on all matters brought before such meetings.
3. To seek any elective position, where qualified.
4. To avail of the services of the cooperative without
any discrimination whatsoever upon compliance with
the conditions and requirements thereof;
5. To inspect and examine all books / records kept by
the cooperative during office hours.

15. WHY COOPS SUCCEED?
1. C o n t i n u i n g c a p i t a l b u i l d u p . C o o p s w i t h
m a s s iv e f lo w c a p it a l f r o m m e m b e r s w ill
h a v e a s t r o n g f in a n c ia l f o u n d a t io n .
2. C o o p s p r o v i d e g o o d s a n d s e r v i c e s t o
it s m e m b e r s a n d t h u s e n a b le t h e m t o
a t t a in in c r e a s e in c o m e a n d s a v in g s ,
in v e s t m e n t s , p r o d u c t iv it y a n d
p u r c h a s in g p o w e r .
3. M e m b e r s p a t r o n i z e t h e b u s i n e s s o f
t h e ir c o o p e r a t iv e .
4. T h e c o o p i s p r o f e s s i o n a l l y m a n a g e d .
5. C o n t i n u i n g c o o p e r a t i v e e d u c a t i o n a n d
t r a in in g f o r c o o p m e m b e r s , o f f ic e r s a n d
m a n a g e m e n t s t a f f is g iv e n p r io r it y .

16. WHY COOPS FAILED?
1. Poor selection of directors and
management staff.
2. Lack of consistent membership education
and training among its members, officers
and staffs.
3. Errors in financial policy such as over
extension of credit, too little capitals, poor
accounting records, lack of financial sound,
systematic program for reimbursement of
equity.

17. 4. Lack of capital and inadequate
volume of business
5. Ineffective and inefficient use of
resources that leads to low turn
over of revenues.
6. Lack of transparency in
cooperative affairs.
7. Weak leadership and
mismanagement
8. Lack of loyal membership support