March 31, 2015 Tsinoy’s Pares and Mami Restaurant Tiano St., CDO The Promise of a New Day

2015CAMCO GENERAL ASSEMBLY

March 31, 2015Tsinoy’s Pares and Mami RestaurantTiano St., CDO

The Promise of a New Day

Registration - started at 10:30 am with Mrs. Ma.

Cristina A. Villarin as recording secretary @ Tsinoy’s Pares and Mami, Tiano St., CDO

Prayer -Mrs. Edna A. Eligan delivered a

meaningful, very heartfelt prayer

Determination of Quorum - Mrs. Cielo Grace Y. Moranta, the

secretary, determined the no. of members present and declared that the assembly reached a quorum of 29 members

Call to Order - Mr. Vincent C. Hojas, BOD

chairman , called to order the 2015 CAMCO General Assembly at exactly 11:26 am

- Mrs. Moranta, BOD Secretary went over the house rules

Election for the 4th & 5th BODs

Mr. Larry B. Tubalado and Mr. Adel R. Cambangay were reelected as 4th & 5th members of the BODs ( 16 votes for each)

- Mrs. Judy B. Anero, an ELECOM member facilitated the canvass of votes for the 4th & 5th BODs, AUDITCom, and ELECTIONCom with Mrs. Generita B. Vina being the witness

Election for the AUDIT COMMITTEE

The following were elected :1. Sabuero, Ralf Vincent – chairman

( 12 votes)2. Tangan, Mericel – member ( 7

votes )3. Gregorio, Dexter P. – member

( 5 votes ) Edna A. Eligan ( 6 votes) is replaced by

Gregorio, D. since the latter got the next highest votes based on the former’s appeal for replacement of which Mrs. Serino motioned for approval by the body. It was severally seconded. Motion was duly approved.

Lunch Break …. ELECOM (Mrs. JUDY B. ANERO on a hold

over responsibilty )temporarily halted the canvass of votes for the ELECTION COMMITTEE to give way for lunch break.

Members were treated to a managed sumptuous buffet lunch .

ELECOM then resumed the canvass of votes for the ELECTION COMMITTEE.

Election for the Election Committee

The following were elected :1. Empleo, Adeline Y. - chairman (10

votes)2. Paduga, Shiela S. - member

( 6 votes )3. Pacturan, Paz S. - member

( 6 votes )

Judy B. Anero, an ELECOM member declared the newly elected officers for 4th & 5th BODs, CREDIT Committee, and ELECTION Committee.

Chairman’s Report Revisited some important matters in the

cooperative’s by laws c/o BOD Zenona S. Rugay

Welcome the 3 new members ( Empleo, I. J., Ora, G.J. and Pacturan, P.)

Reported on dismembership ( Doong, J., Janubas, A.J., Lamparas, G.)

Confirmed future membership of at least 6 colleagues ( Flores, Fuchs, Variacion, Abio, Alasagas, Saarenas )

Chairman’s Report….. Presented comparative report on 2014 and

2013 CAMCO earnings Total CAMCO income @ P 474, 779.12 for 2014

which is greater than 2013 income @ P 286, 745.87 only

Stressed the importance of members’ cooperation and responsibility especially in terms of loan payments and personal transaction @ CAMCO office

Services 2013 2014CANTEEN 157, 852.64 252, 074.39

CREDIT 55, 259.63 92, 888. 03ATM 73, 633.60 129, 816.70

Total 286, 745.87 474, 779.12

New Business Mrs. Moranta, the secretary presented

the nine resolutions enacted by the Board of Directors that would certainly help improve CAMCO services

Resolution of Unfinished Business

revision on the policies of the Special Savings after due study of the Board of Directors found the current policies prejudicial against the interest of the cooperative

Approval of the Development Plan and Next Year’s Budget

Reinvitation of inactive members Loan Amnesty Program ( for old overdue

accounts) 2015 budget is @ P 451, 800.00 BOD Zenona S. Rugay moved and

severally seconded for the approval of next year’s budget.

Motion was duly approved.

Distribution of Capital share Certificates

capital share certificates for both credit and canteen were given to the members by the secretary with the help of Mrs. Adeline Empleo

Mrs. Empleo distributed also copies of the Minutes of the 2014 G.A. ( last year) and ledger of the 2014 CAMCO Dividend and Patronage Refund at the start of the business proper

Open Forum/Other Matters On Special Savings ( Mrs. Gonzaga, A. , the treasurer,

informed the body that the interest rate starting at 2% /month for 5k-20k , and the bigger the deposit, the higher the interest rate is not helping CAMCO generate income since our coop is charging just the same interest rate for loan services and it would even force CAMCO to pull its resources in paying off whatever amount is due from the interest rate higher than 2%. She even gave options like terminating it or refixing its interest rate.

Nevertheless, Mrs. Alyn L. Gonzaga moved and severally seconded for the revision of the Special Savings Policies on Interest Rate. Motion was duly approved.

….more…. On Mrs. Pajo’s case ( Mrs. Eligan informed

the body about Mrs. Pajo’s desire to join CAMCO as she would be withdrawing her deposits from Naawan Cooperative. BOD Rugay seconded Mrs. Eligan’s request on considering Mrs’ Pajo since the latter was essentially the principal then at the time Carmen NHS was created .

Mrs. Lumbayo moved and severally seconded for amendment/s on membership in the CBL before granting Mrs. Pajo’s request. Motion was duly approved.

…some more….. On Educational Trip this summer CAMCO’s 25k counterpart to be divided

equally among those who will go on the trip as suggested by Mrs. Gonzaga

- joins CFASO trip ( venue and date to be announced during the faculty meeting) as suggested by Mrs. Gonzaga- Davao or Dakak as suggested by Mrs. Anero

Mrs. Gonzaga’s suggestion was severally carried after division of the house.

more… An issue arose whether to consider the

associate or inactive members included in the 25k payroll

Mr. Eliezer dela Vega moved and severally seconded for the division of the house on the issue at hand. Motion was duly approved.

The assembly decided to exclude the associate/inactive members from the 25k payroll.

Distribution of the 2014 Dividends and Patronage

Refunds (Credit & Canteen) by Mrs. Alyn L. Gonzaga, treasurer

Recess The 2015 CAMCO General Assembly was

declared in recess @ 2:49 pm, March 31, 2015 with 35 final registered members and 7 guests.

Certified true and correct:

Cielo Grace Y. Moranta (sgd.) Secretary