• 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
  • 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
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

NATCCO Central Fund is 15!

The NATCCO Central Fund celebrates its 15th Anniversary on November 8.


To push for internally-generated funding, the NATCCO established the NATCCO Central Fund from the National Central Liquidity Fund in 2002.  


About eighty percent of NATCCO member-cooperatives were credit unions (cooperatives focused on financial services), and thus, NATCCO felt the federation had to go into that specialization.  The Central Fund provided, and still provides, deposit-taking and credit-granting to NATCCO member co-ops.  


The objective was to pool deposits of cooperatives and place them in sound investment outlets such as government securities, loans to co-ops, and business enterprises.


With the tagline “The Power of our Millions,” it immediately gained adherents, as deposits reached P61.5 million from 48 co-op depositors by December 2002, less than two months after it was established.


The challenge, said then NATCCO CEO, Guillermo Cua, was to “integrate resources effectively and develop common financial products to benefit those that have resources, but more importantly those that have less resources.”  


By its tenth year in 2012, Deposit Liabilities had grown more than ten-fold, reaching P655 Million.  Loans Released that year amounted to P651 Million, 84% of which went to Regular Loans and 16% for MICOOP Loans to Agrarian Reform cooperatives.


The drive toward Internal Fund Generation went on steadily from 2012 to present has born fruit, with Deposits exceeding P2 Billion by December 2016.  


2016 featured a significant decline in External Borrowings, hitting an all-time low.  This is despite the fact that the Fund had supported NATCCO’s participation in the Conditional Cash Transfer, the flagship anti-poverty program of the Government.
“The Central Fund is robust enough to leverage a big undertaking like the CCT of the Dept. of Social Welfare & Development,” says Raul Calayan, NATCCO COO.


As of October 2017, Deposits amount to P2.2 Billion and Loans Released for the year already stands at P779.6 Million.
 



 

Do you have exciting events in your coop? Share it with us, and we'll feature it in our website!

Email us:
This email address is being protected from spambots. You need JavaScript enabled to view it.

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)