• Lezo MPC's Champion, Aklan's Pride

    AKLAN – She served the National and Local Government as a dedicated, hardworking Municipal Agriculturist Extension Worker of the Municipality of Lezo for 42 years, before she retired in 2010.  And Emelinda Revestir-de la Cruz has proven herself to be Read More
  • COOP-NATCCO Partylist guns for 3 seats

    All cooperative members, leaders, staff, management and stakeholders are reminded to support COOP-NATCCO Partylist (CNPL) in the upcoming 2019 Elections.  Support is through – voting, campaigning, or providing finances and logistics.   The CNPL, since 1998, has endeavored to protect Read More
  • Ravanera, Chinese Counterpart Sign Agreement

    The Cooperative Development Authority (CDA) represented by Chairperson Orlando R. Ravanera and the Ministry of Agriculture and Rural Affairs (MARA) of the People's Republic of China represented by Han Changfu, signed a Memorandum of Agreement (MOU) for the Strengthening of Read More
  • Financial Pillar Shows Challenges & Hopes of Co-ops

    DAVAO CITY – One of the highlights of the 14th National Cooperative Summit was the Financial Pillar Presentation.  The Financial Pillar is considered to be the most “liquid” sector of the cooperative, delving into financial services.   The Finance Pillar Read More
  • How Lamac MPC Engages Youth

    DAVAO CITY - Co-op Youth Leader Justine Limocon of Lamac Multi-Purpose Cooperative in Cebu Province, spoke at the Cooperative Summit before more than 3,000 co-op leaders from all over the country, urging them to engage the youth in their cooperatives.   Read More
  • NATCCO GA on April 26-28 in Iloilo City

    ILOILO CITY – Representatives of member cooperatives of the NATCCO Network will converge in Iloilo City on April 26-28 for the 17th Coop Leaders Congress and the 42nd General Assembly.  Venue is the Grand Xing Imperial Hotel.   This year’s Read More
  • Coop Philippines Marque Launched at 14th Summit

    DAVAO CITY – To establish the co-op brand and identity in the country, the Co-op Sector launched at the 14th National Cooperative Summit the Co-op Marque Philippines.   This is in line with International Cooperative Alliance thrust for “Vision 2020”, Read More
  • Dr. Luis Carrillo: Bigay Pugay Awardee 2018

    Dr. Luis Carrillo sought wisdom from the written divine revelation, fascinated with numbers, and believed cooperation is the key to attain better quality of life for humanity.    He obtained a Diploma in Pastoral Theology from International Grace Bible Institute Read More
  • ICA Backs Zero Tolerance for Harassment & Discrimination

    BUENOS AIRES – The cooperative movement has approved a formal commitment towards the promotion of a decent working environment and zero tolerance for any form of harassment. The fact that a global actor like the International Co-operative Alliance (ICA) commits Read More
  • Felisa Palencia: Bicol Region’s Bigay Pugay Awardee

    BAAO, CAMARINES SUR – An educator and training provider, Director Felisa M. Palencia has been instrumental in the training and education of the cooperators in this Municipality. She has been a member of the Baao Parish Multi- Purpose Cooperative for Read More
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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 form of “solidarity fund” as cooperatives contributing to it, in effect, are coming together to help one another to prevent insolvency (or bankruptcy) – thus maintaining the trust and confidence of depositors.
 
Following the models in Germany, Netherlands, Canada and South Korea, NATCCO Network established the SFS in 2008 with 3 elements: 
 
1) SUPERVISION AND MONITORING through on-site Risk-Based Evaluation (RBE) of member-cooperatives by the SFS Team
 
2) OFF-SITE MONITORING AND FOLLOW-THROUGH of compliance to RBE recommendations
 
3) FINANCIAL ASSISTANCE, or use of the Stabilization Fund, as a last resort to prevent co-op run/bankruptcy.
 
Overseeing the Fund is the SF Committee comprising the NATCCO CEO, NATCCO Chairperson, the Cooperative Development Authority (CDA), the Dept. of Finance or the Bangko Sentral ng Pilipinas, and the Association of Asian Confederation of Credit Unions.
 
The SFS provides co-ops:
 
1) Supervision and monitoring of cooperatives, and if necessary, remedial measures 
 
2) Awareness of the cooperative’s risk level and recommendations to control and mitigate risks
 
3) Self-Regulation to protect cooperatives against insolvency, thus protecting the investments of individual members
 
4) Increase of public trust and confidence in cooperatives
 
5) Cooperatives recognized as a self-regulated financial provider of choice to the marginalized 
 
6) If all co-ops participate in the SFS, this displays Solidarity 
 
The approaches of the SFS are 1) pro-active prevention, avoiding problems in the first place, and 2) holistic, evaluation of a co-op’s financials, investments, credit, cash, controls and systems,  governance, compliance and human resources.
A cooperative under the SFS agrees to:
 
Contribute 0.5% of Total Assets to the Fund which the cooperative builds up  over time
 
Submit financial data for monitoring
 
Open books for inspection
 
The SFS has 50 member co-operatives nationwide, contributing P24.3 Million to the Stabilization Fund.  
 
Holy Child Multi-Purpose Cooperative (Bato, Leyte) joined the SFS in 2008.  General Manager Lorna Gesultura, says: “We never regret investing in the SFS. Aside from securing co-op assets, it earns interest. At inspections, we're guided and monitored in our operations.”   
 
St. Vincent Ferrer Parish MPC (Odiongan, Romblon) Chairperson Martin Lasaga says: “We’re happy to know the areas in our operation where we need to focus!”
 
Technical partner is German co-op federation Deutsche Genosenschafts Raiffeissen Verband (DGRV).
 
The National Association of Training Centers for Cooperatives was established in 1977 to provide and standardize the education and training components of cooperatives.
 
Today, the National Confederation of Cooperatives’ (NATCCO Network’s) Mission is to “build the socio-economic capabilities of cooperatives through the delivery of superior financial products and allied services.”
 
For co-ops to be able to help their members rise out of poverty, the NATCCO Network offers training to co-op leaders, managers and staff in Financial and Risk Management to Bookkeeping, from Marketing to Information Technology, from gender & development and Disaster-Readiness for business continuity, and every aspect of a co-op’s operations.
 
Other services include Financial Intermediation (taking deposits and providing loans), Information Technology (Financial software, ATMs, POS, mobile payment platform) Conditional Cash Transfer, Stabilization Fund, Life Insurance, and Advocacy & Networking.
 

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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)