Fmelect 2 Assignment

NAME: SHEENA MAE L.
OSIAS
COURSE: BACHELOR OF SCIENCE IN BUSINESS ADMINITRATION MAJOR IN
FINANCIAL MANAGEMENT
SUBJECT: COOPERATIVE MANAGEMENT (FMELECT 2)
Instructions: Give 10 examples of cooperatives in Caraga and their functions and

purpose.
 FIRST COMMUNITY COOPERTIVE (FICCO)

 FICCO’s mission is committed to uplift socio-economic condition of its
members by providing excellent financial and non-financial services. With
its motto “Not to Profit, Not for Charity, but for Service”, FICCO
professionalize operation to become model cooperative by providing
services such as institutional strengthening, savings, mobilization, credit
administration, training and short-term technical assistance. They prioritize
total member care, good governance, provide quality services,
volunteerism, accountability and commitment.
 PERA MULTIPURPOSE COOPERATIVE (PERA MPC)

 PERA MPC’s mission is to provide the quality of life of the members by
providing competitive financial production and allied services. They have
2.3 Billion total assets and a total of 16,045 active members. It continues
to provide financial products and services to its valued members and
borrowers, help improve their well-being and will remain to be responsive
to the needs of the community they built. They offer 8% interest per annum
with minimum deposit of 10,000 Php and in minimum term of 90 days to a
maximum of 365 days.
 TAGUM COOPERATIVE
 TAGUM CCOPERATIVE’s mission is to significantly contribute in
improving and sustaining the social and economic well-being of members
and the community by providing highly innovative and relevant products
and services. They have cooperative principles such as voluntary and
open membership, democratic member control, member economic
participation, autonomy and independence, education, training, and
information, cooperation among cooperatives, and concern for community
and environment. Its highlight is its four business lines; savings and credit,
member benefit and assistance (MBA), funecare and ancillary services.
 ACDI MULTIPURPOSE COOPERATIVE (ACDI MPC)
 ACDI MPC’s mission is to create value to the members by providing
dynamic and integrated financial and complementary services. They are
an Institutional Cooperative serving members from retired Armed Forces
of the Philiippines (AFP) and other uniformed personnel. Their members
include those who are in active service, retirees, those in the reserved
forces, regular civilian employees of the AFP and Philippines Cost Guard
(PCG) and dependents. ACDI MPC is registered with Cooperative
Development Authority (CDA), the regulatory agency of the Government of
the Republic of the Philippines over matters concerning the development
of cooperatives in the country.
 CEBU CFI COMMUNITY COOPERATIVE

 CEBU CFI COMMUNITY COOPERATIVE is duly registered as a
Cooperative in Good Standing with the Cooperative Development
Authority (CDA). CFI is principally capitalized by equity contribution of
members in form of share capital and money placements of members in
the form of savings and time deposits. In turn, its capital base is principally
used for lending to members at more liberal terms and affordable rates
compared to private money lenders in the country. CFI also has health
fund that provides members a very affordable option to answer their
medical and hospital bills in the event they get sick, injured or otherwise,
hospitalized.
 AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO)

 ASELCO’s mission is to deliver reliable, reasonable and efficient
electric services for socio-economic growth of the people. They
envisioned to become competitive and committed to deliver the best
quality, efficient, affordable and round the clock electric service in the
emergent electricity market. ASELCO is one of the electric
cooperatives with extra-large classification in the entire country and in
Caraga Region.
 AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC. (ANECO)

 ANECO’s mission is to provide safe and reliable energy distribution
service while ensuring consumer satisfaction as their competitive
advantage. They are a non-stock, non-profit, services oriented electric
cooperative responsible for the distribution of power to the households,
business establishments and industries. ANECO distributes power to
the two (2) cities namely Butuan and Cabadbaran and ten (10)
municipalities that comprise the rest of Agusan del Norte.
 AGDAO MULTIPURPOSE COOPERATIVE (AMPC)
 AMPC’s mission is to excel in the delivery of locally responsive and
globally competitive financial services, in giving superior and optimum
returns on investment and in making their total cooperative experience
exceptional. They provides a community-minded approach to banking,
they care about more than just the savings account. They also provide
Financial Education and financial literacy to members. AMPC offers a
complete line of financial products and services such as Loans,
Savings, Deposits/Investments, Share Deposit, 24/7 ATM services, Life
and Non-Life Insurance, Bill Payments and E-loading, Damayan Aid,
and Healthcare and Wellness.
 MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE

 MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE’s mission is to
uplift the lives of the members by providing excellent financial products
and allied services. They envisioned a resilient cooperative of
empowered member. They have cooperative principles such as
voluntary and open membership, democratic member control, member
economic participation, autonomy and independence, education,
training, and information, cooperation among cooperatives, and
concern for community and environment. Its highlight is its four
business lines; savings and credit, member benefit and assistance
(MBA), funecare and ancillary services.

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NAME: SHEENA MAE L.

Instructions: Give 10 examples of cooperatives in Caraga and their functions and

 FIRST COMMUNITY COOPERTIVE (FICCO)

 PERA MULTIPURPOSE COOPERATIVE (PERA MPC)

 CEBU CFI COMMUNITY COOPERATIVE

 AGUSAN DEL SUR ELECTRIC COOPERATIVE, INC. (ASELCO)

 AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC. (ANECO)

 MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE

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