• Let's Get Digital!

    USAID’s Mamerto Tangonan gave a talk entitled The National Retail Payment System & the Digital Finance Landscape in the Philippines, delivered at the NATCCO Co-op Leaders Congress in Limketkai Luxe Hotel in Cagayan de Oro City for all co-ops to Read More
  • First Co-op Cup Chess Tournament October 21

    Excellent Peoples' MPC and NATCCO Network recently signed an Agreement to hold the first chess tournament for co-ops.   In the spirit of Cooperative Solidarity, the First Co-op Chess Cup Tournament for co-operators is scheduled for October 21 with theme Read More
  • #1coopnation in October!

    Cooperators all over the country are enjoined to celebrate the Cooperative Month this October, culminating in the National Cooperative Day on October 20.    The Cooperative Development Authority (CDA) issued on September 7 Memorandum Circular 2018-2 declaring said date as Read More
  • LANDBANK Lauds Gawad PITAK Awardees

    PASAY CITY -- Leading this year’s roster of winners in LANDBANK’s Gawad sa Pinakatanging Kooperatiba (Gawad PITAK) are two cooperatives that have remained steadfast and consistent in fulfilling their mission of bettering the lives of their members, and growing with the Read More
  • Text Blasting is eKoopBanker’s latest feature

    The NATCCO Information Technology Group is pleased to introduce a newly-launched feature of the NATCCO Network’s eKoopBanker /Plus financial software: TEXT BLAST FACILITY! This is an automated messaging system that can send the following text messages to your members:  • Read More
  • Oro Integrated Reaches for Stars, Deepens Roots

    Founded by 28 co-operators in March 1966 to provide opportunities for vendors, entrepreneurs, self-employed, teachers and farmers, Oro Integrated Cooperative has gone a long way.   OIC had sturdy roots, having co-op champions among its list of founders, such as Read More
  • Kaya is the Way to Go!

    In the UN Sustainable Development Goals 2030, there are two buzz words: “Leave No One Behind!” and a new one, “Reaching the Farthest Behind First”.   I think of the indigenous peoples in the rural areas.  In my village in Read More
  • Co-operatives Should Tap the Millennials

    Millennial, Social Entrepreneur, and author,  John Xavier Francia tells participants at the recent 2018 Co-op Leaders’ Congress in Cagayan de Oro 1) who are the millennials, 2) what it takes to take them on board, and 3) how they can Read More
  • Weather Bureau Cooperative Celebrates 65th

    When the Philippine Weather Bureau was undergoing rehabilitation due to the devastation wrought by the World War II, a core of enterprising weathermen established the Weather Bureau Employees Association (WBEA). The aims were, a) to promote brotherhood and unity among Read More
  • Credit Union Apex Endorses Kaya Payment Platform

        Credit unions empower and improve communities. According to the ICA, the cooperative identity is “based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

NATCCO Central Fund is 15!

The NATCCO Central Fund celebrates its 15th Anniversary on November 8.


To push for internally-generated funding, the NATCCO established the NATCCO Central Fund from the National Central Liquidity Fund in 2002.  


About eighty percent of NATCCO member-cooperatives were credit unions (cooperatives focused on financial services), and thus, NATCCO felt the federation had to go into that specialization.  The Central Fund provided, and still provides, deposit-taking and credit-granting to NATCCO member co-ops.  


The objective was to pool deposits of cooperatives and place them in sound investment outlets such as government securities, loans to co-ops, and business enterprises.


With the tagline “The Power of our Millions,” it immediately gained adherents, as deposits reached P61.5 million from 48 co-op depositors by December 2002, less than two months after it was established.


The challenge, said then NATCCO CEO, Guillermo Cua, was to “integrate resources effectively and develop common financial products to benefit those that have resources, but more importantly those that have less resources.”  


By its tenth year in 2012, Deposit Liabilities had grown more than ten-fold, reaching P655 Million.  Loans Released that year amounted to P651 Million, 84% of which went to Regular Loans and 16% for MICOOP Loans to Agrarian Reform cooperatives.


The drive toward Internal Fund Generation went on steadily from 2012 to present has born fruit, with Deposits exceeding P2 Billion by December 2016.  


2016 featured a significant decline in External Borrowings, hitting an all-time low.  This is despite the fact that the Fund had supported NATCCO’s participation in the Conditional Cash Transfer, the flagship anti-poverty program of the Government.
“The Central Fund is robust enough to leverage a big undertaking like the CCT of the Dept. of Social Welfare & Development,” says Raul Calayan, NATCCO COO.


As of October 2017, Deposits amount to P2.2 Billion and Loans Released for the year already stands at P779.6 Million.
 



 

Do you have exciting events in your coop? Share it with us, and we'll feature it in our website!

Email us:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Mail your Documents to:
NATCCO Network
c/o Member Relations and Networking Group
227 J.P. Rizal Street Proj.4 Quezon City 1109

For more Information:
913.70.11-15 loc.310
912.54.10 (telefax)