• Grow Your Co-op Members’ Business

    Leni San Roque, Chief Executive of the Association of Asian Confederation of Credit Unions (ACCU), tells participants at the recent Co-op Leaders’ Congress in Iloilo City how and why co-ops should upgrade and make an impact in the communities, in Read More
  • Use Tech or Be Left Out

    We must know what is going on outside our co-ops. While we are optimistic about the digitalization of the economy, the fast pace of technological advancement must still undergo government regulation.  Mertz Tangonan shows us a bird’s eye view of Read More
  • COOP-NATCCO Wins One Seat In Congress

    COOP-NATCCO Partylist has announced that it has won one seat in Congress in the May 13 elections.   In a very impressive display of solidarity, cooperative members, leaders, staff, management and stakeholders voted COOP-NATCCO Partylist (CNPL) in the May 2019 Read More
  • Great Potential for Co-ops in e-Payments

    Jing Gusto, consultant of World Council of Credit Unions, presented before the NATCCO Coop Leaders’ Congress in Iloilo City last April the results of a study that shows the readiness of co-ops and their members for e-payments.     I think Read More
  • Help your Members be Entrepreneurs thru e-commerce

    Do your co-op members have products that need marketing?  Your co-op could be the best aggregator.  Online shopping platform Lazada's Petrus Carbonel shows how your co-op can facilitate entrepreneurship among your members.   In the digital economy, co-ops will have Read More
  • Positioning Co-ops in a Digital Economy

    Trade & Industry Undersecretary  for Competitiveness & Innovation Rafaelita Aldaba shared with the NATCCO Leaders’ Congress that it is important for co-ops  to understand how you can position cooperatives in the new digital economy, take advantage of the opportunities and Read More
  • Co-ops Must Invest in the Youth

      15-year-old co-op leader, Alessandra Daquila or Barbaza Multi-Purpose Cooperative in Antique Province spoke before 800 delegates on the opening day of the 17th Co-op Leaders Congress in Iloilo City, and gave them her mind on what co-ops should do Read More
  • Co-ops ready for Digital Economy

    ILOILO CITY – Co-ops must, can, and will definitely go Digital!   More than 700 leaders from 189 cooperatives converged last April 26-28 at the Grand Xing Imperial Hotel for the 17TH Co-op Leaders’ Congress and 42nd General Assembly.  They Read More
  • Power Speakers to Inspire and Impart at Leaders’ Congress

    A power list of speakers await delegates to the 17th NATCCO Co-op Leaders’ Congress in Iloilo City on April 26-28.  Their topics are in line with the theme for the event: “4.0 Positioning Cooperatives in a Digital Economy.”  The topics Read More
  • Supreme Court Ups Small Claims from 300k to 400k Starting April

    The Supreme Court increased the limit of small claims cases filed before the Metropolitan Trial Courts from P300,000.00 to P400,000.00, beginning  April 1, 2019.     Upon the recommendation of the Office of the Court Administrator to Associate Justice Diosdado M. Read More
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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 is composed of co-op banks, co-op insurance co-ops, and other primary cooperatives that provide financial services.
Chief Presentor in the discussions was NATCCO CEO Sylvia O. Paraguya, giving all the participants her view on the current situation.  
According to Paraguya, the national Government’s thrust is that all Filipinos “effective access to a wide range of financial services.  This thrust is spearheaded by the Bangko Sentral ng Pilipinas (BSP), which launched in 2015 its Financial Inclusion Strategy.  The aim is to provide every Filipino access to formal (i.e. regulated) financial services to improve the economy.
In the process, this has opened the finance sector to all stakeholders – banks, pawnshops, microfinance NGOs, and of course, cooperatives.
She set forth the following: Philippines is third in remittances, 64% of population are millennials but few are involved in co-ops, small co-ops are struggling, weak co-op regulation, co-ops are competing with one another and even serving as agents of commercial banks, co-ops have different software, technology is imperative, banks and even NGOs are into microfinance.
The Philippine Cooperative Center is composed of several so-called “Pillars” in the cooperative sector: Producers and Marketing, Service Pillar, Education & Advocacy, and the Financial Pillar.
The following were the Reactors: MASS-SPECC CEO Bernadette Toledo, CLIMBS President Noel Raboy , 1 CISP President Roy Miclat, and Metro South Cooperative Bank President Renelia Estioko. 
Raboy gave the first salvo: “The challenge now is how to recruit millennials into the co-op sector.  As an organization, CLIMBS has focused on Productivity Management in the last 47 years, and now we are going in Creativity Management.”
On the regulations governing co-ops, Miclat stressed: “Regulation works both ways.  It is double-edged.  It makes you disciplined in your operations.  Whether ou have regulation or self-regulation or government regulation, you must have discipline.   You can regulate co-ops but if they will not follow, then it defeats the purpose.”
Estioko said: “Primary Co-ops do not patronize co-op banks.  Leaders are angry when members do not patronize the co-op.  We even say “Members that do not patronize the co-ops are not needed in the co-op!”  But there are many co-op leaders that do not patronize co-op banks!”
Toledo hit the nail on the head, saying: “There is a need of cooperatives to leverage our collective resources, to explore better market opportunities, expand our social capital, influence coop-related policy decisions, contribute to the attainment of the UN Sustainable Development Goals, and have a positive impact in our local communities as well as the global community.”
In the conclusion, Paraguya synthesized all that was discussed, stressing clearly that co-ops must adopt cooperative-provided technology to meet competition.

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