• Malabon Central Market Co-op Celebrates 40th

     MALABON CITY – Last September 14, 2017, the Malabon Central Market Development Cooperative (MCMDC) celebrated its Ruby Anniversary with activities throughout the day, which included an early morning mass, free eye check-up, reflexology, medical consultation, and haircuts to members and even Read More
  • We Don't Need to be a Department, says CDA Board

    Will the Cooperative Development Authority become a separate Department? Nope, says the CDA Board of Administrators.  The CDA has no official position on any amendments to  RA 6939 or the CDA Charter. According to an undated internal memorandum issued by Read More
  • CDA Gets 17% Budget Increase for 2018

    The Cooperative Development Authority (CDA) budget under the 2018 General Appropriations Act signed by President Rodrigo Duterte last December 19 amounts to P503.12 Million.     This is a 17% increase compared to the 2017 Budget of P430 Million.   CDA Read More
  • President Signs TRAIN, Co-op Tax Exemptions Remain

    Cooperators all over the country heaved a sigh of relief as President Rodrigo Duterte signed into law the Tax Reform for Acceleration and Inclusion Act (TRAIN) on December 19 – but maintaining the tax exemption of cooperatives as promulgated in Articles Read More
  • ICA Asks Pinoy Co-ops to Display Marque

    PASIG CITY –The International Cooperative Alliance (ICA) launched the “2020 Vision”, aiming to make co-ops will be 1) the acknowledged leader in economic, social and environmental sustainability, 2) the business model preferred by people, and 3) the fastest-growing form of Read More
  • German System "Cooperative Examination"

    BERLIN, GERMANY -- On September 18-29, the DGRV organized a training course for consultants from Vietnam and from Philippine project partner, NATCCO, in the practice of Auditing.   The training consisted of two parts, starting with the introduction into the German Read More
  • Stabilization Fund System Keeps Co-op Trust

    26,000 cooperatives in the Philippines with memberships ranging in size from 15 to 100,000 manage the hard-earned money of their members.  Their foundation is trust.  When trust is gone, co-ops are gone.   The Stabilization Fund System (SFS) is a Read More
  • CSOs Push Peace & Democracy at SOCDEV 2017

    QUEZON CITY – The Caucus of Development NGO Networks (CODE-NGO) pushed democracy as the key to development and advanced its advocacies as it ended its General Assembly and Social Development Celebration (SOCDEV) last November 24-25 at the Great Eastern Hotel . CODE-NGO Read More
  • CDA Appeals to the Billionaire Co-operatives

    TAGUIG CITY – The Cooperative Development Authority (CDA) has broadcast an appeal to the so-called Billionaire Co-operatives to use their vast resources to 1) protect the environment, 2) assist indigenous Filipinos, and 3) help small or fledgling co-operatives.   At the Read More
  • ICA Confab on People-Centered Development

    KUALA LUMPUR – More than 1,800 co-operators are meeting here for the International Co-operative Alliance’s Global Conference and General Assembly (14- 17 November). For three days co-operators from around the world will examine how co-operatives are putting people at the centre Read More
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Tagum Cooperative Golden Success Thru Excellence

Tagum Cooperative (TC) was established in 1967 as the Holy Name Society (HNS), a Catholic lay organization in Tagum Parish. The first co-op members were the 38 HNS members, with a starting capital of Php 80 in which four of the members had each paid Php20. 
 
On October 13, 1968 a “Special General Assembly” was held wherein the Holy Name Society changed its name to Tagum Community Cooperative Credit Union, Inc. (TCCUI) and adopted a formal charter for the first time. The name change reflected its expansion of membership from that of the parish to Tagum’s whole community.
 
The way to success has never been easy as struggles for power, gender equality and corruption haunted the cooperative. Delinquency rate rose to 68% and there was massive withdrawal of members. But with God’s grace, an immense cleansing and transformation of its dedicated officials, Tagum Cooperative was revived and has now been a steward of the cooperative movement.
 
Fifty years later, Tagum Cooperative is a multi-billionaire cooperative with “from womb to tomb” services anchored on 4 business lines – Saving and Credit Group (SCG), Member Benefit and Assistance (MBA), Funecare and Ancillary Services. It serves over 135,000 members and users from the Provinces of Davao del Norte, Davao del Sur, Davao Oriental, Compostella Valley, Agusan del Sur and Agusan del Norte.
 
TC has achieved its stability thru good governance and strict adherence to prudential financial standards as evidenced by its increasing assets of P 5 Billion plus and low delinquency rate of 5.51%. TC ensures that officers, employees and members are educated on significant cooperative matters. The community also benefits thru the various developmental initiatives for health, livelihood, education and the environment which are sustained through the years. All these endeavors are made possible thru the Cooperative Education and Training Fund (CETF) and the Community Development Fund (CDF) allocations from the Net Surplus generated for the year.
 
Thru perseverance and commitment in complying with the stringent standards on Financial, Customer-Member, Internal Business Processes and Learning and Growth perspectives, the Cooperative has achieved multifarious local, national and international recognitions. These include the A-1 Competitive Choice for Excellence in Service and Soundness (ACCESS) Silver Accreditation, Finance Organizations achieving Certified Credit Union Standards (FOCCUS) Platinum Award, Villar Sipag Awards for Social Enterprises and Galing Pook Citizenship Award. Tagum Cooperative is a Hall of Fame Awardee for the CDA Gawad Parangal Most Outstanding Cooperative – Large Scale Category.
 
Welcoming a new era of sustainability and prosperity, Tagum Cooperative will continue living its vision of becoming the icon of trust and excellence in social and financial services. Indeed, Tagum Cooperative is “where people invest their trust”.
 
 
 
Tagum Cooperative (TC) was established in 1967 as the Holy Name Society (HNS), a Catholic lay organization in Tagum Parish. The first co-op members were the 38 HNS members, with a starting capital of Php 80 in which four of the members had each paid Php20. 
 
On October 13, 1968 a “Special General Assembly” was held wherein the Holy Name Society changed its name to Tagum Community Cooperative Credit Union, Inc. (TCCUI) and adopted a formal charter for the first time. The name change reflected its expansion of membership from that of the parish to Tagum’s whole community.
 
The way to success has never been easy as struggles for power, gender equality and corruption haunted the cooperative. Delinquency rate rose to 68% and there was massive withdrawal of members. But with God’s grace, an immense cleansing and transformation of its dedicated officials, Tagum Cooperative was revived and has now been a steward of the cooperative movement.
 
Fifty years later, Tagum Cooperative is a multi-billionaire cooperative with “from womb to tomb” services anchored on 4 business lines – Saving and Credit Group (SCG), Member Benefit and Assistance (MBA), Funecare and Ancillary Services. It serves over 135,000 members and users from the Provinces of Davao del Norte, Davao del Sur, Davao Oriental, Compostella Valley, Agusan del Sur and Agusan del Norte.
 
TC has achieved its stability thru good governance and strict adherence to prudential financial standards as evidenced by its increasing assets of P 5 Billion plus and low delinquency rate of 5.51%. TC ensures that officers, employees and members are educated on significant cooperative matters. The community also benefits thru the various developmental initiatives for health, livelihood, education and the environment which are sustained through the years. All these endeavors are made possible thru the Cooperative Education and Training Fund (CETF) and the Community Development Fund (CDF) allocations from the Net Surplus generated for the year.
 
Thru perseverance and commitment in complying with the stringent standards on Financial, Customer-Member, Internal Business Processes and Learning and Growth perspectives, the Cooperative has achieved multifarious local, national and international recognitions. These include the A-1 Competitive Choice for Excellence in Service and Soundness (ACCESS) Silver Accreditation, Finance Organizations achieving Certified Credit Union Standards (FOCCUS) Platinum Award, Villar Sipag Awards for Social Enterprises and Galing Pook Citizenship Award. Tagum Cooperative is a Hall of Fame Awardee for the CDA Gawad Parangal Most Outstanding Cooperative – Large Scale Category.
 
Welcoming a new era of sustainability and prosperity, Tagum Cooperative will continue living its vision of becoming the icon of trust and excellence in social and financial services. Indeed, Tagum Cooperative is “where people invest their trust”.
 

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