• Aflatoun Boosts Financial Literacy of Teachers

    CLARK, PAMPANGA  – It’s not only the youth who benefit from NATCCO’s flagship youth program , Aflatoun, but teachers as well.  This has been the observation of Lasalette Gumban, NATCCO Youth Program Coordinator.      Ms. Gumban spoke before participants at the Read More
  • Alex Raquepo: Ilocos Region's Co-op Man

    Rare are those who have been steeped in cooperative principles in their youth and continue to do so decades later.  Alexander B. Raquepo is among that rare breed.   Alex hails from Sta. Cruz, Ilocos Sur and is the eledest Read More
  • COOP-NATCCO Partylist Thumbs Down Divorce Bill

    QUEZON CITY --  After consultations with co-op leaders, Coop-NATCCO Partylist Representatives Anthony M. Bravo and Sabiniano Canama voted against the Divorce Bill.   After quoting the Bible on social media, Rep. Bravo said: “Bilang isang Kristiyano, ito ang aking personal Read More
  • Millennials Own Stage at Co-op Leaders Congress

    CAGAYAN DE ORO CITY – In Filipino culture, young people are told to listen to their elders.  But at the recent 16th Co-op Leaders Congress held at the Limketkai Luxe Hotel, it was the other way around.     Millennials comprised most Read More
  • 3rd Tagum Youth Camp Fosters Bonds & Learning

    TAGUM CITY -- Seventy-eight teen-aged strangers turned friends as they participated in Tagum Coop’s Youth Laboratory 3rd Summer Youth Camp last May 4-5, 2018 at the Energy Park. The two-day-one-night camp had the theme “Bring the Change! Be the Youth Leader Read More
  • GA Pushes Integration, Technology, Youth, Enterprise

    CAGAYAN DE ORO – The NATCCO Network ended the 41st General Assembly and Leaders’ Congress on a high note, as the leadership of one of the largest co-op federations in the country pushed for integration, the use of technology to improve Read More
  • Guideco Becomes Town Center thru Pinoy Coop ATM

    Guimbal, ILOILO -- This quaint town is a coastal fourth class municipality of 33,820 people.    Its 9 kilometers of scenic shoreline has attracted tourists, an industry that supplements its citizens’ agricultural livelihood.   In April 1993, the Southern Iloilo Development Read More
  • St. Vincent Ferrer Parish MPC Wins Bagwis Award

    ODIONGAN, Romblon –  NATCCO Network member St. Vincent Ferrer Parish Multi-Purpose Cooperative recently received the Bronze DTI-Bagwis Award for the excellent operation of its retail stores.   The Department of Trade and Industry, through the award, “gives due recognition to Read More
  • Co-op Opens Gas Station in Tagbilaran City

    TAGBILARAN CITY -- The Bohol Community Multi-Purpose Cooperative which has 1,000 members inaugurated on February 27 its own gasoline station.  Jannete Romero and Melchor Daniel, BCMPC’s Manager and Chairman, respectively, led the opening of the cooperative’s Phoenix Gasoline Station, the first Read More
  • Ang Hindi Nauulingan

    May kasabihan na: “Walang humahawak ng palayok na hindi naulingan.”  Dumating ang panahon na ginamit ito patungkol sa mga taong may kinalaman sa mga usaping salapi.  Tanggap ng marami na kapag pera ang pinag-uusapan, halos lahat na lang ata ay Read More
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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.
 



 

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