NATCCO general assembly highlights growth, consolidation | Inquirer News
Close  

NATCCO general assembly highlights growth, consolidation

/ 10:08 PM May 29, 2014

LAOAG CITY—The National Confederation of Cooperatives (NATCCO) concluded its 2014 General Assembly on a high note, being the most attended ever, according the NATCCO chairman Jose B. Ebron.

ADVERTISEMENT

He reported to the more than 600 delegates that the meeting had a quorum of 80%.The NATCCO Network is a federation of almost 700 cooperatives nationwide, with combined offices at 1,236 locations all over the archipelago, and managing P65.1 Billion assets of 2.3 million individuals.

Theme for the event was “Advancing Solidarity & Collective Development Through an Integrated Network,” focusing on integrating the member cooperatives with standardized services, pooling resources and one branding to prepare co-operativesfor the Asean Economic Integration scheduled at start of 2015.

FEATURED STORIES

Ebron reported that some of the “major strides” of the Network were increasing membership and increased patronage of NATCCO’s services by member co-ops.

“We have appointed a Mediation & Conciliation Committee, Ethics Committee, and IT Committee and organized regional Youth Committees,” he said.

Internally, the NATCCO has improved operational policies on Human Resources and Auditing, including an Enterprise-Wide Risk Management Workshop producing a “risk map” that identifies and categorizes risks according to probability and severity.

Also announced was NATCCO’s being a Third Party Strategic Investor in the Network Consolidated Cooperative Bank  with authorization of the Bangko Sentral ng Pilipinas, and will be fully operational by next month.  51 ATMs have been set up the NATCCO IT Group in co-ops since 2010.

With the increase, transactions exceeded 275,000 in 2013. Replenishment of amounts transacted breached P2.55 billion last year.

The General Assembly formally launched a new service for co-ops — Pinoy Coop Unli.  This allows members to deposit, transfer funds, check balance in their co-op deposit account, purchase and make payments using their cellphones. This service was piloted by Socorro Empowered Peoples Cooperative in Surigao del Norte last April.

Another IT-based service was piloted recently in Benguet Province – Point-of-Sale or POS – in Benguet Province where NATCCO ATM cards can now be used for shopping and loan payments at the co-op. 12,000 co-op leaders and staff were also provided training in co-op operations by the NATCCO Network’s Training Group in 2013.  This is expected to increase exponentially as E-Learning, or online training, was launched recently.

RELATED STORIES

14 party-lists win seats

NATCCO eyes expansion in next 5 years

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: consolidation, Growth, Jose B. Ebron, NATCCO, NATCCO General Assembly 2014
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.