PRE-MEMBERSHIP EDUCATION SEMINAR (PMES)
July 25, 2014 * Iloilo Provincial Capitol
COOPERATIVE PLEDGE
As a Filipino, I am and I believe in the cooperative.
Alone I am weak but with others I am strong.
So I commit myself to work, to cooperate
for all to be prosperous.
Harmony, industry I will value.
Cooperative affairs I will attend.
Responsibilities I will assume.
The cooperative philosophy
I will live.
One vision, one belief, one feeling
In cooperativism, my life I pledge
So help me God.
WELCOME REMARKS
EDCOM Chairperson Everette R. Mamon
MESSAGEBOD Chairperson Modesto S. Margarico, Jr.
THE
IPEMPC
IPEMPC History
• Organized in 1991 and operating a canteen called KADIWA.
• Duly registered with the (CDA ) Cooperative Development Authority on April 19, 1993 with 63 incorporators and a Paid-Up Capital of P11,225.
23 years
ABOUT IPEMPC
A trusted and competitive cooperative in the Province of Iloilo with empowered membership and a dynamic partner in development.
VISION
MISSIONTo deliver efficient and effective financial products and allied services to the members and communities to improve their quality of life.
CORE VALUES
Integrity – possessing of principles adhering to high morale principle or morale standard
Patronage – patronizing the products and services of IPEMPC
Excellence – the quality or state of being outstanding
Mutual Help – involving the same feelings for others
Professionalism – skill competence or character expected of a highly educated member
Commitment – dedication to responsibilities
THE COOPERATIVEAn Introduction
COOPS are special because government wants to foster them as practical vehicles in promoting self-reliance and harnessing people towards attainment of economic development and justice.
WHY ARE COOPS SPECIAL?
C – Capitalized / Controlled
O – Owned
O – Operated
P – Patronized
By the members themselves
WHAT IS A COOP?
• Is autonomous and duly registered • With common bond of interest• Have voluntarily joined together to achieve their needs
and aspirations • By making equitable contributions• By patronizing their products and services• By accepting a fair share of the risks and benefits.
In accordance with the universally accepted cooperative principles.
COOPERATIVE
PURPOSE OF THE COOP To encourage thrift and savings. To create funds and grant loans to members. To provide primary necessities of the members
and non-members. To promote the cooperative as a new way of
life for improving well-being. To work with the cooperative movement in the
promotion and development of cooperatives. To undertake activities for the effective and
efficient implementation of the Cooperative Code.
GOAL / OBJECTIVE OF THE COOP
To help improve quality of life of its members
THE 7 COOP PRINCIPLES
Cooperatives are voluntary organizations
open to all persons able to use their services
willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination.
1Voluntary and Open Membership
2Democratic Member Control
- Controlled by their members who actively participate in setting their policies and making decisions.
- Men and women serving as elected representatives, directors or officers accountable to the membership.
- Equal voting rights of one-member, one vote.
3Member Economic Participation
Members contribute equitable to, and democratically control, the capital of their cooperative. At least part of that capital is the common property of the cooperative.
Members allocate surpluses for :1. Coop Development2. Members Benefits accdg. to patronage3. Supporting other activities
approved by the membership.
4Autonomy & Independence
Cooperatives are autonomous self-help organizations controlled by their members.
5Education, Training & Information
Cooperatives shall provide education and training for their members, elected and appointed representatives, managers and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.
6Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
7Concern for Community
Cooperatives work for the sustainable development of their communities through policies approved by their members.
THE
IPEMPCOrganizational Structure
IPEMPC ORGANIZATIONAL STRUCTURE
General AssemblyGA (MIGS)
Election Committee(3 members)
Board of DirectorsBOD (9 members)
Audit Committee(5 members)
Manager
Credit Committee
(3 members)
Mediation & Conciliation
Committee (3 mem)
Ethics Committee
(3 members)
Education & Training Committee
(4 members)
SecretaryTreasurer
Loan Officer
CashierBookkeeper StorekeeperCanteen Manager
ELECTED
APPOINTED
Directional Management
Operational Management
Line of Authority
Line of Responsibility
Line of Coordination
Authority of the General Assembly
The GA shall be the highest policy making body of the cooperative and shall exercise such powers as are stated in RA 9520, in the Articles of Cooperation and by-laws of the cooperative (Art. 33, RA 9520).
o To determine and approve amendments to the articles of cooperation and by laws.
o To elect or appoint the members of the BOD, & to remove them for cause; Decide on election related cases involving the Election Committee or its members
o To approve development plans of the cooperative.o The GA may, by a three-fourths (3/4) vote of all its
members with voting rights, present and constituting a quorum, delegate some of its powers to a smaller body of the cooperative. These powers shall be enumerated under the bylaws of the cooperative.
o Perform such other functions as may be prescribed in the By-laws and/or authorized by the General Assembly.
RESPONSIBILITIES OF THE GA
Accountable to oneself, other members and ultimately to the community
ACCOUNTABILITY OF THE GA
Art. 38. The board of directors shall be responsible for the Strategic Planning, Direction Setting and Policy Formulation Activities of the Cooperative.
BOARD OF DIRECTORS
Art. 39, par (3). The members of the Board of Directors shall not hold any other position directly involved in the day to day operation and management of the Coop. Art 39, par (4). Any person engaged in a business similar to that of the Coop or who in any way has a conflict of interest with it, is disqualified from election as a Director if said Coop.
BOD LIMITATIONS
AUDIT COMMITTEE (AICOM)
Responsibilities include: Monitor the adequacy and effectiveness of the
cooperative’s management control system and Audit the performance of the cooperatives and
various responsibility centers. Review continuously and periodically the books
and records of account to ensure that these are in accordance with the cooperative principles and generally accepted accounting practices
Members are elected by the GA
ELECTION COMMITTEE (ELECOM)
Responsibilities include: Formulate and recommend election rules and
guidelines and recommended to the General Assembly for approval;
Implement election rules and guidelines duly approved by the GA;
Supervise the conduct, manner and procedure of election and other election related activities and act on the changes thereto;
Members are elected by the GA
MEDIATION & CONCILIATION COMMITTEE (MEDCOM)
Responsibilities include: Formulate and develop the Conciliation -
Mediation Program and ensure that it is properly implemented;
Monitor Conciliation-Mediation operations (entry of new cases, status of pending cases, performance of Conciliator-Mediators);
Submit semi-annual reports to the CDA within fifteen (15) days after the end of every semester;
Appointed by the BOD
ETHICS COMMITTEEResponsibilities include: Develop ethical Norms and Code of Conduct
to be observed by the members, officers and employees of the cooperative subject to the approval of the BOD’s and ratification of the GA;
Disseminate, promote and implement the approved Code of Conduct and Ethical Norms;
Monitor compliance with Universally Accepted Principles of Cooperation, Good Governance and Good Values and recommend to the BOD measures to address the gap
Recommend ethical rules and policy to the BODs;
Appointed by the BOD
OTHER COMMITTEES
CREDIT COMMITTEE EDUCATION & TRAINING COMMITTEE
All appointed by the BOD
THE
IPEMPCMembership & General Credit
Policies
MEMBERSHIP POLICY
Regular Membership of this cooperative is open to the following:
1. Permanent employees2. Retirees3. Permanent employees of the
IPEMPC. (Article II, Section 1 of the amended By-Laws of
IPEMPC).
Associate Membership shall be open to the following:
1. Plantilla casual personnel of the IPG2. Elective Officials3. Co-terminus Personnel of the Iloilo Provincial
Government4. Permanent and Plantilla Casual Personnel of
Provincial and District Hospital5. Small farmers/fishermen and entrepreneurs
* Associate Members can become Regular Members after two years and if they had paid up the P4,000 Capital Share.
MEMBERSHIP REQUIREMENTS
1. Membership Application Form
2. Attendance to PMES (Pre-Membership Education Seminar)
3. Paid the Membership Fee of P200.00
4. Subscribed a minimum of Four Thousand Pesos (P4,000.00) Share Capital of which at least 25% of the Subscribed Share or P1,000 shall be paid upon submission of the application for membership
5. BOD Approval
RIGHTS OF A MEMBER
1. Participate and vote in membership meetings (Only Regular members can vote)
2. Avail of the services of the Coop
3. Seek an elective position
4. Receive interest on investment in the Capital Stock
5. Inspect and examine Books of Accounts, the Minutes Book, the Share Register and the other records of the Cooperative during regular office hours
DUTIES OF A MEMBER
1. Pay the installment on subscription and other obligations as they fall due
2. Participate in the capital build-up
3. Patronize its business regularly
4. Participate in its parliamentary affairs
5. Obey the rules and regulations
6. Promote the aims and purposes of the Cooperative, the success of its business, the welfare of its members and the cooperative movement as a whole.
MIGS and Non-MIGS
MIGS- No delinquency for more
than 90 days- Has attended the previous
General Assembly- Has completed payment
of CBU within a year
Non-MIGS- Delinquent payments for
more than 90 days- Has NOT attended the
previous General Assembly- Has NOT completed payment
of CBU within a year
Consequence:-Cannot vote or speak during the General Assembly
GENERAL CREDIT POLICY
Eligibility to borrow1. Must be a regular employee for at 6 months2. Must be a permanent government employee of the IPG
for more than 6 months3. Paid at least P4,000 CBU4. Minimum net take home pay of P3,000 after deducting
all monthly amortizations, excluding ACA/PERA5. A Member in Good Standing (MIGs)6. Not retiring within the payment period7. Must have a minimum leave credits of 15 days
(sick/vacation or both) except for IPEMPC employees.8. For plantilla casual turned permanent with leave credits
of more than 15 days, no waiting period required
GENERAL CREDIT POLICYLoanable Amount
Maximun amount of all outstanding loan shall be 6X times the Capital Build-up (P6,000 for every P1,000 CBU)
Special rules applies for Associate members
GENERAL CREDIT POLICY
Terms of Payment
1. All loans will be adjusted based on capacity to pay until it can be paid in a period of 1 year
2. All loans renewable after 50% of the amount is paid or after paying 6 monthly amortization
3. Not retiring within the period of loan4. Shall have minimum of 15 days Sick/Vacation
leave for IPG employees; 5 days for IPEMPC staff
GENERAL CREDIT POLICY
Interest and Other Charges1. CBU retention – 2% of the amount granted shall be
deducted from the loan proceeds to be credited as additional share capital of the member.
2. Mutual Fund – shall be deducted from the loan based on the policy of the insurance company.
3. Service Fee – 1% of the amount Granted shall be deducted from the loan proceeds
4. Notarial Fee – P200 per document or any applicable amount
5. Surcharge – 3% of unpaid principal due every month based on the amortization schedule
6. MSO – 0.5% of the amount shall be deducted from the loan proceeds and updated upon presentation of savings passbook.
GENERAL CREDIT POLICY
Loan SecurityThe amount of loan shall be fully secured by pledges of co-maker(s), real estate mortgage, chattel mortgage, deposits, or a combination of the aforementioned whichever is applicable and acceptable to the cooperative
Co-Makership1. Co-Maker should guarantee by assigning all or a portion of
his/her net pay, other deposits and/or real, chattel property and willing to provide information needed in the evaluation.
2. Only MIGS can act as co-maker.3. Spouse is disqualified to become co-maker of his/her
spouse.4. Co-makership maybe availed twice.
GENERAL CREDIT POLICY
Approval of Loan1.The Credit Committee en banc shall process, evaluate and
recommend approval of loan application except when the applicant is a member of the committee, in which case, the application shall be acted upon by the Board of Directors (BODs) (Art. 111, Sec. 21 (b) of the By-Laws).
2. The Loan Officer/Credit Committee shall determine the amount based on the 5 Cs and the credit worthiness of the borrower.
1. Character 2. Capacity to Pay3. Capital 4. Conditions 5. Collateral / Co-Maker
CO-TERMINUS, JOB HIRES, THOSE UNDER CONTRACT OF SERVICE
Qualifications• Those who are co-terminus, under contract of
service and job hire employees of the Iloilo Provincial Government;
• Should have attended pre-membership education seminars ofthe cooperative;
• Should have paid the membership fee of P200.
Benefits• Incentive of P200, free T-shirt for attending the
General Assembly• Can avail loan on all loan windows
CO-TERMINUS, JOB HIRES, THOSE UNDER CONTRACT OF SERVICE
Eligibility To Borrow• Have reached a total CBU of P10,000;• CBU monthly contribution should be in
accordance with the General Credit Policy
Loanable Amount• 80% of the CBU and capacity to pay of the
member;• Refer to the General Credit Policy
Terms and Conditions• Payable within one year for co-terminus, contract
of service and job hire employees.
LOAN WINDOWSType of Loan
Max. Loanable Amount
Term Interest Requirements
Livelihood 4x of CBU 1 year 18% per annum
Gen. Credit Policy appliesWith Co-Maker
Consolidated 4x of CBU not to
exceed P120,000
2 years 12% / annum
Gen. Credit Policy appliesWith Co-Maker
Emergency / Express Loan
P30,000 .00 1 year 1% per month
Attach Med. Certificate/ Certificate of Confinement
Non-Emergency Express Loan
P15,000.00 6 months
1% per month
Min. Subscribed Capital P1,000Regular Member at least one month
ATM Loan P24,000.00 12 months
1.75% / month
Gen. Credit Policy appliesATM RequiredWith Co-maker
Benefit Loan Commensurate of
Member’s Benefits
Upon Release
of Benefits
1.5% per month
Gen. Credit Policy appliesFor Mid-Year/Year-End, Clothing Allowance and RATAATM Required
Details can be found at www.ipempc.com
THE
IPEMPCStatus
TOTAL ASSETS
Large Class A - Asset of P100 M up
Assets0
20000000
40000000
60000000
80000000
100000000
120000000
140000000
160000000
180000000
2009
2010
2011
2012
2013
Total Assets₱
174,065,117.00
TOTAL SHARED CAPITAL & NET SURPLUS
Shared Capital Net Surplus0
5000000
10000000
15000000
20000000
25000000
30000000
35000000
40000000
45000000
50000000
20092010201120122013
Total Paid-Up Shared Capital
₱ 49,906,103
Net Surplus₱ 6,443,534
TOTAL NUMBER OF MEMBERS
2010 2011 2012 20130
200
400
600
800
1000
1200
1400Series3Associate
2011 2012 2013
Associate 81 59 68
Regular 1,096 1,141 1,269
Total 1,177 1,284 1,337
IPEMPC SERVICES
Lending
Cafeteria
MSO
Airline Ticketing
Scholarship Program10 scholars
Community Service
Health Insurance, Burial Assistance
Accident Insurance
MEMBERS SAVINGS OPERATIONS (MSO)
Total Savings Depositors: 1,190Total Amount: ₱ 3,429,495
Total Time Depositors:48Total Amount: ₱ 21,677,660
THE COOP PHILOSOPHY
UTANG ! •Decision Maker•Socially Superior•Culturally Biased
MONEY !NO MONEY
Huya-huyaKulba- kulbaDuwa – duwa
Self-pity
THE GOLDEN RULE : He who has the GOLD makes the rules
Pay•Principal•Interest•Penalties•Gratitude
COOPERATIVE MEMBERCAPITAL FORMATION
EDUCATION
GROUP ACTIONNON-COOP MEMBERNO MONEY
IGNORANCE
INDIVIDUALISM
CAPITAL
SERVICES
• Pooled Resources• Collective Decision-Making• Mutual Respect
• Economic Freedom
• Political Employment
• Social Equality
• Cultural Transformation
• Spiritual Enlightenment
• Human Dignity
COOP PHILOSOPHYTOTAL HUMAN DEVELOPMENTSpiritual
Economic
Income = P 350
Gastos = P 400
UTANG! = P 50
Income = P 350
Gastos = P 325
SAVINGS = P 25
Income = P 350
SAVINGS = P 25
Gastos = P 325
SOURCE OF INCOME (Employment, Livelihood,
Business, etc)
COOP
Salary / Harvests / Profits
= SAVINGS !CBU / Deposits
SPENDING HABITS OF FILIPINOS
COOP
LOAN
oBanksoFinancial InstitutionsoGovernment
CBU / Deposits
CREDIT
Officers StaffMember / Owners
IGPsIncome Generating Projects
Policies
SELF-HELP - we help people help themselvesSELF-RESPONSIBILITY- we take responsibility for
and answer to our actionsDEMOCRACY – we give our members a say in the
way we run our businessEQUALITY - no matter how much money a member
invest in their share account, they still have one vote
EQUITY - we carry our business in a way that is fair and unbiased
SOLIDARITY- we share interest and common purposes with our members and other cooperatives
COOPERATIVE VALUES
ETHICAL VALUES
OPENNESS - nobody’s perfect, and we wont hide it when were not
HONESTY - we are honest about what we do and the way we do it
SOCIAL RESPONSIBILITY - we encourage people to take responsibility for their own community and work together
CARING FOR OTHERS - we regularly fund charities and local community groups from the profits of our businesses
PRE-MEMBERSHIP EDUCATION SEMINAR (PMES)
Thank you for coming !!!
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