The document provides information about the Tacurong Teachers, Employees and Retirees Multi-purpose Cooperative (TTERMPC). It discusses the cooperative's profile, core values, definition of a cooperative, and the seven cooperative principles it upholds related to voluntary membership, democratic control, member economic participation, autonomy, education/training, cooperation among cooperatives, and concern for community. It also summarizes the cooperative's operations including assets, net surplus, equity, and revenues which have all increased in recent years. The document outlines the cooperative's lending, savings, and medical/mortuary assistance policies and programs.

1. PRE-MEMBERSHIP
SEMINAR (PMES)
Tacurong Teachers, Employees and Retirees
Multi-purpose Cooperative
(TTERMPC)
New Isabela, Tacurong City

2. TTERMPC Profile
Office Address: New Isabela Central Elementary School, New
Isabela, Tacurong City
Area of Operation: Public Schools in Tacurong City and Sultan
Kudarat Divisions
• Established/Founded in 1998 with 596 members to date
• Tel. No. (064) 200- 6322
• Email Address: ttempc@yahoo.com
• CDA Reg. No. 9520-12000980

3. Why Join the Coop?

4. TTERMPC CORE VALUES
•C – ONCERN
•C – OMMITMENT
•T – RANSPARENCY
•V - ICTOR

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

6. TTERMPC operates and upholds
Cooperative Principles
Per RA 9520
(2008 Cooperative Code of the Philippines)

7. 1) Voluntary and Open Membership
•Cooperatives are voluntary organizations,
open to all persons able to use their services
and willing to accept the responsibilities of
membership, without gender, social, racial,
cultural, political, or religious discrimination

8. 2) Democratic Member Control
• Cooperatives are democratic organizations that are
controlled by their members who actively participate in
setting the policies and making decisions. Men and
women serving as elected representatives, directors or
officers are accountable to the membership. In primary
cooperatives, members have equal voting rights of one-
member, one-vote.

9. 3) Member Economic Participation
•Members contribute equitably to, and
democratically control, the capital of their
cooperatives. At least part of that capital
is the common property of the
cooperative.

10. 4) Autonomy and Independence
• Cooperatives are autonomous, self-help organizations
controlled by their members. If they enter into
agreements with other organizations, including
government, or raise capital from external sources, they
shall do so on terms that ensure democratic control of
their members and maintain their cooperative autonomy.

11. 5) Education, Training and Information
• Cooperatives shall provide education and training
for their members, elected and appointed
representatives, managers, and employees, so that
they can contribute effectively and efficiently to the
development of their cooperative.

12. 6) Cooperation Among cooperatives
• Cooperatives serve their members most
effectively and strengthen the cooperative
movement by working together through
local, national, regional and international
structures.

13. 7) Concern for Community
• Cooperatives work for sustainable
development of their communities
through policies approved by their
members.

14. TTERMPC’s Profile as to Operations
•Assets
•Net Surplus
•Equity (Members’ Share Capital)
•Revenues

15. WE ARE GROWING BY MILLIONS in TERMS of ASSETS, LIABILITIES and MEMBERS’ EQUITY…
INCREASE OF P17M IN ASSETS
INCREASE OF DEPOSITS, SHARE CAPITAL,
LOAN PAYABLES (LBP), RETIREMENT FUND
PAYABLE & MEMBERS’ BENEFIT PAYABLES by
P12.1M
INCREASE OF PAID-UP SHARE CAPITAL AND
STATUTORY FUNDS BY P4.9M

16. WE ARE GAINING BY BY P1.7M in REVENUE, INCREASING in EXPENSES BY
P861K, and INCREASING OUR NET SURPLUS BY P910K!

17. LEGEND:
NS – Net Surplus
THIS IS HOW WE ALLOCATE OUR NET SURPLUS ACCORDING TO
PERCENTAGE WITH NOTED INCREASE OF 18.16% IN NET SURPLUS
Forms part of our Members’
Equity
For possible purchase of lot
and building construction/
repair
For Brigada Eskwela
Assistance and other AYUDAs
For Education and Training
Fund
For Affiliation to Other Coops
For Bank Deposits

18. 70% of our NET SURPLUS is divided by our DIVIDEND or INTEREST ON SHARE CAPITAL,
which is 42% of our NET SURPLUS and 28% for our PATRONAGE REFUND (Interest from
loans and other goods sold in the COOP) . The ratio of Dividend vs Patronage Refund is 60:40 of
the 70% of NET SURPLUS.
MEANING: The higher your capital share is, the bigger your Dividend would be! (60%)
The higher your loan is, the bigger patronage refund you will have! (40%)

19. TTERMPC CARES…
NOTE: Calimlim’s loan is ensured hence, the family will still receive more than P20,000 excess payment of
his ensured loan amount in the Coop aside from the death assistance, which other lending entities are not
affording to loaners.

20. LENDING, SAVINGS, and MEDICAL &
MORTUARY ASSISTANCE
TTERMPC POLICIES

21. POLICIES on LENDING PROGRAM
SECTION 1. LOAN PACKAGE
1. LIVELIHOOD LOAN – for financing of any livelihood
projects
2. EMERGENCY LOAN – a short term loan
payable within twelve (12) months

22. POLICIES on LENDING PROGRAM
SECTION 2.
LOAN QUALIFICATIONS/REQUIREMENTS
All loans are subject to the following minimum requirements:
a. P 3, 000.00 Capital Build Up
b. Individual financing maybe considered depending on the
capacity to pay and net take home pay of the borrower.

23. POLICIES on LENDING PROGRAM
SECTION 3. COLLATERAL REQUIREMENTS
All loans are required of the following collaterals:
a) Promissory Notes
b) For members @ age 54, Real Property Collateral is
REQUIRED

24. POLICIES on LENDING PROGRAM
SECTION 4. INTEREST RATE/ PENALTIES
Salary loan is subject to AT LEAST 7.5% interest per
annum which could change with proper notice to the
members upon considerations of the Department of
Education’s guidelines on loan percentage.

25. INTEREST RATE @ DIMINISHING BALANCE

26. Sample Loan Computation
1 YR 2 YRS 3 YRS
Php 100, 000 8,675.74 4,568.47 3,210.78
Php 150,000 13,013.61 6,852.71 4,816.17

27. POLICIES on LENDING PROGRAM
SECTION 5. LOANABLE AMOUNT
LIVELIHOOD LOAN – depending on the net take home pay, provided
not to exceed P500, 000.00 per member
EMERGENCY LOAN – shall be limited to 80% of the borrowers’ Share
Capital or CBU that will incur 0.5% monthly interest rate.

28. POLICIES on LENDING PROGRAM
SECTION 6. TERM OF PAYMENT
Livelihood (Salary) Loan – salary deduction for maximum of 36
months or 3 years
Emergency Loan – salary deduction or to be paid over the counter
within 12 MONTHS.

29. POLICIES on LENDING PROGRAM
SECTION 7. MODE OF PAYMENT
Livelihood Loan – shall be paid on monthly basis through salary
deduction (Automatic Payroll Deduction System – APDS of DepEd)
or over the counter.
Emergency Loans – shall be paid at most of twelve (12) months on a
monthly basis

30. POLICIES on LENDING PROGRAM
SECTION 8. RENEWAL OF LOAN
All loans maybe renewed upon 50% repayment of current
outstanding loan.

31. POLICIES on LENDING PROGRAM
SECTION 9. LOAN RETENTION
All loans are subject to the following retention:
 Initial Share Capital (for new member-loaners) – 15 % of loan release
 Paid up Capital – 5% of emergency loan release
 One time Charges (Service Fee, Notarial and Insurance)– 6% of loan
release
 Loan retention on renewal and structured loan – P1,000.00

32. POLICIES on LENDING PROGRAM
LOAN REQUIREMENTS:
 Original and photocopy of three consecutive latest payslip – for new
member-loaners
 Original and photocopy of latest payslip – for reloaners
 Filled-up Application Form
 Photocopy of ID of loaner and co-maker
 ATM Card for Over-the-Counter Payments

33. MEMBER’S SAVINGS OPERATION
SECTION 1. DEPOSIT
1. Any member of the cooperative may open an account or make deposit with the
coop.
2. Minimum of P 5,000.00 shall be required to open an account.
3. The cooperative shall accept deposits in the form of cash, government checks and
personal checks. Personal or corporate checks are subject to clearing before withdrawal
can be made within a period of:
Seven (7) banking days for local checks, Fifteen (15) banking days for regional
checks, Thirty (30) banking days for national checks.

34. MEMBER’S SAVINGS OPERATION
SECTION 1. DEPOSIT
4. Savings deposits amounting to P5,000.00 shall earn an interest of five
percent (5%) per annum. Computation of interest is based on Average
Daily Balance (ADB) and credited to the savings account on the last working
day of every quarter.
5. Deposits without passbook may be accepted provided authorization but
passbook should be updated within the month.

35. MEDICAL & MORTUARY
ASSISTANCE PROGRAM
SECTION 1. GENERAL GUIDELINES
1. All members are required to be enrolled in the Medical and Mortuary
Assistance Program of the Coop upon application of membership.
2. Medical and Mortuary premium is one hundred pesos (P100.00) per
program to be paid in full upon approval of membership.
3. All premiums collected will be deposited with the Savings Program of
the cooperative.

36. SECTION 1. GENERAL GUIDELINES
4. Interest of such deposits will be added to the account and be distributed to the
members on a pro rata basis.
5. Mortuary Assistance will be given to the beneficiaries upon death of the enrolled
member upon presentation of proof of death while the Medical Assistance is given to
members with critical ailments like cancer and near-death operations upon submission
of proof.
6. Only beneficiaries listed upon enrollment are authorized to claim the assistance.
MEDICAL & MORTUARY
ASSISTANCE PROGRAM

37. SECTION 1. GENERAL GUIDELINES
7. Claims will be processed and released immediately or within 24 hours
after submission of required proof documents.
8. Contestability period shall be six (6) months after enrollment with the
program.
9. The Value of Assistance shall be P100.00 per claim multiplied with the
number of members in the program.
MEDICAL & MORTUARY
ASSISTANCE PROGRAM

38. REMEMBER, AS A MEMBER YOU’RE
EXPECTED TO…
• Attend the General Assembly meeting, special meetings and other
activities of the coop.
• Continue to build up capital until the authorized capital is reached based
on subscription and deposit monthly for savings.
• Have an initial savings deposit of P5,000.00

39. Why join the Coop?
• TTEMPC provides financial assistance to members through its credit operation
like salary and emergency loan
• In cooperatives, members are co-owners. Hence, whatever profit the TTEMPC
gains will be equitably distributed to members in the form of patronage refund
and dividend released to members annually during the General Assembly
Meeting
• The more you patronize the Coop services and the higher capital share you have
guarantee you a higher yield (patronage refund and dividend)

40. REMEMBER, AS A MEMBER YOU’RE
EXPECTED TO…
• Pay loan amortization monthly to avoid past due accounts.
• Show loyalty and support to coop services.
• Know how to cover from threats in the environment.
• Observe proper decorum when transacting business at the coop office.

41. REMEMBER
TTEMPC follows the principle of SHARED GOVERNANCE which recognizes
everybody in the coop as member-owner and supporter as a whole; that
each has specific task, role and responsibility inherent in the organization
where everyone is accountable for its outcome.
THEREFORE, the success of a cooperative largely depends on how members
behave and value cooperativism.

42. THANK YOU!
• Let us continue to uphold our pledge…
• “Alone I weak but with others, I am strong
• So, I commit myself
• To work
• To cooperate
• For all to be prosperous..”