• AsiaDHRRA taps NATCCO to help Farmers’ Co-op

    EASTERN SAMAR – Many agricultural cooperatives fail due to the inability of its members – mostly farmers – to run its operations.  But for a farmers’ cooperative named Island of Samar & Leyte Agriculture Cooperative (ISLACO), the future looks bright. Read More
  • CDA now under DTI

    MANILA – President Rodrigo Duterte ordered the Cooperative Development Authority (CDA) to be placed under the Department of Trade & Industry (DTI).  Malacanang Palace issued Executive Order 67 on October 31.   It will be recalled that just on his Read More
  • First Co-op Chess Tourney in History

    MAKATI CITY – More than 200 chess players battled wills over the Chess Board on Sunday, October 22, at the First Co-op Cup Chess Tournament held at the Alphaland Southgate Mall, with Max Dave Tellor of Adamson University taking the Read More
  • ACCU Founder Rekindles Raiffeisen Ideals

    Mr. Andrew So, one of the founders of the Association of Asian Confederation of Credit Unions gave this inspirational speech at the 2018 ACCU Forum in September in Manila.   Social Justice is a moral principle and a moral value. Read More
  • Co-op Month Celebrated Nationwide!

    Cooperators all over the country celebrated the Cooperative Month this October, culminating in the National Cooperative Day on October 20.   According to the Co-operative Month Secretariat that collates nationwide data and monitors social media posts under the hashtag “#1coopnation”, Read More
  • Co-op Resiliency & Sustainable Development

    COOP-NATCCO Rep. Anthony Bravo delivered the following Privilege Speech in Congress last  October 8.   Mr. Speaker, honorable colleagues, I rise today as we again honor our cooperatives across the country for being resilient amidst the growing inflation and other Read More
  • Duterte Meets Leaders on 103rd Year of Philippine Co-ops

    MANILA – President Rodrigo Duterte met with 250 co-op leaders on October 17 in the Malacanang Palace, to hear co-op issues and concerns, and hear proposals on how co-ops and Government can work together to accelerate nation-building.   This is Read More
  • First Movers Ink Contractual Solidarity

    CAGAYAN DE ORO CITY – The NATCCO Network has moved closer to its Vision of becoming an integrated federation of co-ops as eight leaders signed the Contractual Solidarity Agreement.  The simple ceremony is  considered to be the highlight of the Read More
  • 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
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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 Atty. Mordina Cua (a NATCCO pioneer), and Aquilino Pimentel, Jr. who authored the Cooperative Code of 1990.  The OIC became the first open type “community-based” cooperative in Region 10.  It also became the first co-op to operate an ATM.  From initial capital of 88 pesos, it is now a Billionaire Co-op with P3.59 Billion in Assets.
 
In 2012, OIC celebrated its Golden Year, and it was then that the NATCCO Consultancy Team conducted its Diagnostics.
 
The team is using APPEAL Ratios (acronym for Asset Quality – Delinquency, Protection Ratios, Effective Financial Structure Ratios for Deposits, loans , Share Capital and Borrowings), a tool they developed based on the PEARLS, COOP-PESOS and others, which reflect the over-all condition of the co-op.
 
Almost nothing escapes from theAPPEAL Tool.  What caught the trained eyes of the Consultants were not only the ratios, but rather the numbers.
 
Delinquency in terms of PAR value, for instance, was 15% in 2016 and might be ignored by some.  But in terms of value, it was considerable – at P150 Million only for >12 months accounts!
 
Plus, the loan Portfolio Structure of the co-op was going down from 72% in 2013 to 52% in 2016.
 
The Consultancy then recommended in the 2017 interventions  to install a Remedial Management Unit to the three branches with portfolio >12 in Yacapin, Cogon, and Baungon branches.  
 
 Job descriptions and placement of people were done as well as the tools, guidelines, and policies were drafted.  Coaching was also done for the Sales Team.
 
While OIC indeed had gone a long way, it had somehow lost its way when it began to focus on larger loans where asset-based lending is much required. Large . . . as in the range of P10 to P20 Million!
 
At the Strategic Planning facilitated by the Consultants in November 2017, the OIC leaders decided to go back to their Mission.  OIC would improve engagement to its members, modernize its ICT system and exercise financial discipline, empower employees, establish succession, and help members further their entrepreneurial skills.
 
OIC also began to offer rent-to-own padyak and other services, focusing more on the reason why they were created (i.e. for vendors, entrepreneurs, self-employed, teachers, and farmers)
 
Clearly, not all the needs of the members are financial. 
 
For OIC to focus on members’ financial needs, the co-op established subsidiaries such as Golden Grains Marketing Cooperative to help members in agriculture; OIC Foundation for community activities and scholarships; and soon, a real estate corporation for members’ and staff’s housing needs.
 
But overall, the co-op needs to be sustainable in order to provide these services.  During the recent Sharing of Best Practices Meeting, OIC ranked first based on the APPEAL Ratios of December 2017.  This shows that the co-op’s savings and credit operations, which is the bread and butter of the business, is following strict financial disciplines over the years of interventions.  Hence, OIC is now expanding services to its members, without compromising the sustainability of operations.
 

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