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Overview of Caraga Cooperatives

The document provides 10 examples of cooperatives in Caraga region of the Philippines along with their missions and functions. The cooperatives discussed include FIRST COMMUNITY COOPERTIVE (FICCO), PERA MULTIPURPOSE COOPERATIVE (PERA MPC), TAGUM COOPERATIVE, ACDI MULTIPURPOSE COOPERATIVE (ACDI MPC), CEBU CFI COMMUNITY COOPERATIVE, AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO), AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC. (ANECO), AGDAO MULTIPURPOSE COOPERATIVE (AMPC), and

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Sheeena Osias
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14 views3 pages

Overview of Caraga Cooperatives

The document provides 10 examples of cooperatives in Caraga region of the Philippines along with their missions and functions. The cooperatives discussed include FIRST COMMUNITY COOPERTIVE (FICCO), PERA MULTIPURPOSE COOPERATIVE (PERA MPC), TAGUM COOPERATIVE, ACDI MULTIPURPOSE COOPERATIVE (ACDI MPC), CEBU CFI COMMUNITY COOPERATIVE, AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO), AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC. (ANECO), AGDAO MULTIPURPOSE COOPERATIVE (AMPC), and

Uploaded by

Sheeena Osias
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NAME: SHEENA MAE L.

OSIAS
COURSE: BACHELOR OF SCIENCE IN BUSINESS ADMINITRATION MAJOR IN
FINANCIAL MANAGEMENT
SUBJECT: COOPERATIVE MANAGEMENT (FMELECT 2)

Instructions: Give 10 examples of cooperatives in Caraga and their functions and


purpose.

 FIRST COMMUNITY COOPERTIVE (FICCO)


 FICCO’s mission is committed to uplift socio-economic condition of its
members by providing excellent financial and non-financial services. With
its motto “Not to Profit, Not for Charity, but for Service”, FICCO
professionalize operation to become model cooperative by providing
services such as institutional strengthening, savings, mobilization, credit
administration, training and short-term technical assistance. They prioritize
total member care, good governance, provide quality services,
volunteerism, accountability and commitment.

 PERA MULTIPURPOSE COOPERATIVE (PERA MPC)


 PERA MPC’s mission is to provide the quality of life of the members by
providing competitive financial production and allied services. They have
2.3 Billion total assets and a total of 16,045 active members. It continues
to provide financial products and services to its valued members and
borrowers, help improve their well-being and will remain to be responsive
to the needs of the community they built. They offer 8% interest per annum
with minimum deposit of 10,000 Php and in minimum term of 90 days to a
maximum of 365 days.

 TAGUM COOPERATIVE
 TAGUM CCOPERATIVE’s mission is to significantly contribute in
improving and sustaining the social and economic well-being of members
and the community by providing highly innovative and relevant products
and services. They have cooperative principles such as voluntary and
open membership, democratic member control, member economic
participation, autonomy and independence, education, training, and
information, cooperation among cooperatives, and concern for community
and environment. Its highlight is its four business lines; savings and credit,
member benefit and assistance (MBA), funecare and ancillary services.
 ACDI MULTIPURPOSE COOPERATIVE (ACDI MPC)
 ACDI MPC’s mission is to create value to the members by providing
dynamic and integrated financial and complementary services. They are
an Institutional Cooperative serving members from retired Armed Forces
of the Philiippines (AFP) and other uniformed personnel. Their members
include those who are in active service, retirees, those in the reserved
forces, regular civilian employees of the AFP and Philippines Cost Guard
(PCG) and dependents. ACDI MPC is registered with Cooperative
Development Authority (CDA), the regulatory agency of the Government of
the Republic of the Philippines over matters concerning the development
of cooperatives in the country.

 CEBU CFI COMMUNITY COOPERATIVE


 CEBU CFI COMMUNITY COOPERATIVE is duly registered as a
Cooperative in Good Standing with the Cooperative Development
Authority (CDA). CFI is principally capitalized by equity contribution of
members in form of share capital and money placements of members in
the form of savings and time deposits. In turn, its capital base is principally
used for lending to members at more liberal terms and affordable rates
compared to private money lenders in the country. CFI also has health
fund that provides members a very affordable option to answer their
medical and hospital bills in the event they get sick, injured or otherwise,
hospitalized.

 AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO)


 ASELCO’s mission is to deliver reliable, reasonable and efficient
electric services for socio-economic growth of the people. They
envisioned to become competitive and committed to deliver the best
quality, efficient, affordable and round the clock electric service in the
emergent electricity market. ASELCO is one of the electric
cooperatives with extra-large classification in the entire country and in
Caraga Region.

 AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC. (ANECO)


 ANECO’s mission is to provide safe and reliable energy distribution
service while ensuring consumer satisfaction as their competitive
advantage. They are a non-stock, non-profit, services oriented electric
cooperative responsible for the distribution of power to the households,
business establishments and industries. ANECO distributes power to
the two (2) cities namely Butuan and Cabadbaran and ten (10)
municipalities that comprise the rest of Agusan del Norte.
 AGDAO MULTIPURPOSE COOPERATIVE (AMPC)
 AMPC’s mission is to excel in the delivery of locally responsive and
globally competitive financial services, in giving superior and optimum
returns on investment and in making their total cooperative experience
exceptional. They provides a community-minded approach to banking,
they care about more than just the savings account. They also provide
Financial Education and financial literacy to members. AMPC offers a
complete line of financial products and services such as Loans,
Savings, Deposits/Investments, Share Deposit, 24/7 ATM services, Life
and Non-Life Insurance, Bill Payments and E-loading, Damayan Aid,
and Healthcare and Wellness.

 MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE


 MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE’s mission is to
uplift the lives of the members by providing excellent financial products
and allied services. They envisioned a resilient cooperative of
empowered member. They have cooperative principles such as
voluntary and open membership, democratic member control, member
economic participation, autonomy and independence, education,
training, and information, cooperation among cooperatives, and
concern for community and environment. Its highlight is its four
business lines; savings and credit, member benefit and assistance
(MBA), funecare and ancillary services.

Common questions

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Cooperative education and training manifest in these cooperatives by empowering members with the knowledge necessary for effective participation and decision-making. This practice is foundational in Tagum Cooperative and MSU-IIT National Multi-Purpose Cooperative, where ongoing member education is integrated into their operations. Such education enables members to understand cooperative principles, enhance their financial literacy, and actively engage in cooperative governance, which strengthens the cooperative’s operations and community impacts .

Cebu CFI Community Cooperative significantly impacts its members' financial well-being by providing more liberal lending terms and affordable interest rates compared to private money lenders. This allows members to finance their needs without the burden of high-interest costs. Additionally, the presence of a health fund enables members to manage medical and hospital expenses affordably, thus enhancing their overall financial stability and well-being .

ASELCO offers a competitive advantage in the electricity market by delivering reliable, reasonable, and efficient electric services around the clock. This benefits its members by fostering socio-economic growth and ensuring consistent electric service which is essential for both residential and business activities. By being a highly competitive player, ASELCO contributes directly to the community's development .

Agdao Multipurpose Cooperative (AMPC) delivers an exceptional cooperative experience by offering a comprehensive suite of financial services that include loans, savings, and a variety of insurance options. They emphasize a community-minded banking approach which enhances the member experience beyond just financial transactions. AMPC also invests in financial education, which empowers members with knowledge, fostering a deeper, more engaged relationship between the cooperative and its members .

Tagum Cooperative demonstrates its commitment to cooperative principles by ensuring voluntary and open membership, democratic member control, and economic participation by members. It maintains autonomy and independence while fostering education, training, and information. The cooperative also promotes cooperation among cooperatives and exhibits a strong concern for community and environmental well-being. These principles underpin its operations, which include offerings such as savings and credit, member benefit and assistance, Funecare, and ancillary services .

PERA MPC enhances the welfare of its members by providing competitive financial production and allied services, thereby improving their quality of life. The cooperative boasts significant assets amounting to 2.3 Billion and actively serves 16,045 members. It offers financial products and services such as an 8% annual interest rate on deposits, which contributes to the economic upliftment of the community .

ANECO ensures consumer satisfaction by focusing on delivering safe and reliable energy distribution services. As a non-stock, non-profit, service-oriented cooperative, it maintains high service quality standards and adapts to changing consumer needs to retain competitive advantage. ANECO’s strategic focus on consistent and trustworthy power distribution reinforces consumer trust and satisfaction across Butuan, Cabadbaran, and other areas in Agusan del Norte .

The MSU-IIT National Multi-Purpose Cooperative upholds its cooperative principles by advocating for voluntary and open membership, democratic control, and member economic participation. It values autonomy, independence, and continuous education for its members, enriching their understanding. The cooperative also practices cooperation among cooperatives and supports community and environmental concerns, which are reflected in its service lines including savings, credit, member assistance, and funecare services .

FICCO's mission is to uplift the socio-economic condition of its members by providing excellent financial and non-financial services. It plans to achieve this mission by professionalizing operations to become a model cooperative and offering services in institutional strengthening, savings mobilization, credit administration, and training. They prioritize total member care and emphasize good governance, quality services, volunteerism, accountability, and commitment .

ACDI Multipurpose Cooperative plays a unique role by specifically serving retired Armed Forces of the Philippines (AFP) members, other uniformed personnel, those in active service, retirees, reserved forces, regular civilian employees of the AFP, and their dependents. The cooperative provides dynamic financial and complementary services, and it is registered with the Cooperative Development Authority, aligning its operations with regulatory standards .

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