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Central Fund

NATCCO established the NATCCO Central Fund on September 2002 to provide deposit-taking and credit-granting services to affiliates and members of the network. The best practices of the Rabobank and Desjardins serve as the model followed by the Central Fund in its operations.  Today, the NATCCO Central Funds has three functional service packages: liquidity fund, investment fund and loan fund.

The strategy that the Central Fund promotes is based on the simple, yet powerful idea that it is best for co-ops to invest the funds that the local co-ops could not utilize for lending purposes in a central co-op fund facility. The NATCCO Central Fund offers competitive yields for deposit products. The quality of service and security that co-ops receive in their transactions also serve as the reasons why the NATCCO Central Fund has become a Php 639M strong facility.

Our highly qualified fund managers invest the pooled funds from co-ops in government securities and in other quality investments to ensure maximized profits. Due in large part to the success of the Central Fund, numerous government agencies and funding donors are selecting NATCCO to be their fund conduits of their selected projects for the cooperative sector and certain non government organizations (NGOs) as well.

Treasury Products & Services

Savings Deposit

a deposit account withdrawable anytime with deposit rate higher than the regular bank’s  savings deposit.

Features:

  • Minimum deposit is P10,000
  • Quarterly payment of deposit interest
  • Quoted rate is not subject to tax
  • Withdrawable anytime by authorized representatives

Liquidity Fund

these are short term deposit placement to match short term fund requirements.  Funds are managed through investment on sound negotiable instruments such as government securities and commercial papers.

Features:

  • Minimum deposit of P100K
  • Evidenced by a Certificate of Deposit
  • Fix deposit term up from 90 to 180days (6mons)
  • Lock in quoted rate up to maturity date
  • No withholding tax
  • Allow pre-termination of deposit subject to charges and prevailing guidelines on pre termination.
  • Easy access through bank to bank transaction

Loan Fund

these are long term deposit placement that provides high yield on investment rate.  Funds are used to finance the financial requirements of our member-borrower via Credit and Collection unit.

Features:

  • Minimum  deposit of P100K
  • Evidenced by a Certificate of Deposit
  • Fix deposit term up to two years (2 years)
  • Lock in quoted rate up to maturity date
  • No withholding tax
  • Allows pre-termination of deposit subject to charges and prevailing guidelines on pre termination.
  • Easy access through bank to bank transaction

Credit & Collection Products

Credit Line
A revolving loan accommodation that is renewable every year.
Features :

  • Funds that may be used to finance working capital and relending activities of the member-borrower.
  • Principal payment reverts back as loanable amount within the approved period
  • With maximum loan term of three years
  • Easy download of funds  through bank to bank transaction
  • Competitive rates                     

Term Loan
Loans for specific purpose other than working capital
Features:

  • Easy access on loans
  • Lowest interest rate among all loan products available to NATCCO
  • For a fixed repayment term maximum of three years (3years)
  • Easy download of funds  through bank to bank transaction
  • Competitive rates

Back to back Loan
Loans against deposit/placement with Treasury unit
Features:

  • Up to 100% availment against deposit/placement with Treasury unit
  • Competitive rate with no service fee
  • Easy download of funds  through bank to bank transaction
  • Up to a maximum term of three years

Interested in availing our products/services?

Contact NATCCO to know how to avail these products/services.

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Other products and services

Payment Services

Improving efficiency, expanding the reach and range of financial services, enhancing coop competitiveness and alignment with regulatory changes are among the aspirations of NATCCO in providing the KAYA Payment Platform services to the network.  In an increasingly digitized financial environment, co-ops cannot afford to be complacent or adopt a business-as-usual stance in delivering products and services to their members. With the Kaya Payment Platform, co-op members are able to open online savings accounts that are accessible via three digital channels -- KAYA coop branches, mobile phones, and ATMs – and soon at POS terminals. Members can perform cashless transactions that are fast, reliable, and safe. KAYA Payment Platform, which uses a cloud-based technology, is a partnership between the Association of Asian Confederation of Credit Unions (ACCU), Philippine Federation of Credit Cooperatives (PFCCO) and NATCCO Network.  Technology partners are Temenos and Software Group. 78 co-ops came on board Kaya in 2018 for a total of 97 co-ops with 192 branches providing digital transaction capability to their members.  The total KAYA accounts activated is 15,796.  Ten (10) Kaya ATMs were installed for 2018,  or a total of 57 ATMs in 51 co-ops providing 24/7 service in their communities.  8,849 EMV-compliant ATM cards were issued to KAYA accountholders from different co-ops.  For the Conditional Cash Transfer Program, NATCCO co-ops disbursed Php 6.903 Billion in cash benefits to 2,953,948 households in 523 municipalities.

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Treasury and Credit

The NATCCO Central Fund was established in November 2002 as the pool of funds of the cooperatives placed in various investment outlets.  It is composed of the Liquidity Fund, Loan Fund and the Investment Fund.   Liquidity Fund is invested in fixed income investments such as time deposits and government securities.   Loan Fund is used for re-lending to other member co-ops.   Co-ops needing funds, can in turn, avail of our credit facilities such as Revolving Credit Line, Term Loan, and Real Estate Loan. NATCCO accomplished 87% of its 2018 target despite stiff competition and maintained its Php 2.2 Billion Deposit Portfolio, paying Php 117 Million in interest versus Php 108 Million in 2017. Towards the end of 2018, the Group offered a promo rate between 0.05% to 1% above prevailing at a maximum of 90 days just to capture the excess liquidity in the primary cooperative. External borrowings was maintained at Php 270 Million at year-end against its Php 2.0 Billion approved credit facility from Land Bank.  The Board also approved the inclusion of the two top credit patrons in the Investment Committee to have a more balanced perspective in Treasury and Credit. Loan Portfolio remained at Php 1.6 Billion level for the past two years.  60% of the Total Portfolio came from Luzon; 22% from Visayas, and Mindanao had 18%.  It was a challenge since volatility on the interest rate was very much felt towards the last quarter.  Nevertheless, Loan Releases reached Php 1.049 Billion, 10% higher from 2017.

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