Pakigsayud 2012 - March 2013 Issue

2013Annual Representative Assembly8:00-12:00 Noon . March 23, 2013 (Sat.)MSU-IIT GymnasiumTibanga, Iligan City

2 MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly

3MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly

CORE VALUES• SPIRITUALITY We shall live with the tenets of our religion.• EXCELLENCE We shall conscientiously strive for excellence in our work.• LEADERSHIP & GOOD GOVERNANCE

We shall exercise leadership and provide a role model for membership in cooperative sector. We shall teach and practice the principles of good governance.

• FAMILY SOLIDARITY We believe that the family is the foundation of progressive society. As such, we shall dedicate all our cooperative developmental work towards the strengthening of the institutional cord that binds the members of the family together as a strong and dynamic social unit.

• DISCIPLINE We shall live within our means. Observe cooperative principles and policies. Comply with laws relevant to cooperative operations, and advance and protect human rights in dealing with our stakeholders.

• INTEGRITY We will conduct ourselves with integrity in our dealings with and on behalf of the cooperative.

• COMPETENCE We shall live with the tradition of competence anchored upon quality education and continuing technical training.

• ENTREPRENEURSHIP Our teachings and activities shall be aligned to the development of entrepreneurship among our members.

VISIONA leading, world-class cooperative

serving the nation.

MISSIONTo provide and satisfy cooperators with

excellent products and services.

OBJECTIVESFINANCE: To ensure the financiaI viability of the cooperative.

MARKET: To establish a strong market presence in strategic areas in the Philippines.

PRODUCTS: To continuously develop and innovate products and services satisfying the changing needs of the members.

WORKFORCE: To maintain a highly motivated and competent workforce.

GOVERNANCE: To practice high ethical standards, operational efficiency and effectiveness in governing the cooperative.

COMMUNITY: To develop sustainable outreach programs and linkages with other institutions.

PANUNUMPA SA KOOPERATIBA

Pilipino ako nga sa kooperatiba nagatoo, nakighiusa.

Dili mahimo ang pag-inusara kay sa daghan, gahum makaplagan.

Kalambuan sa tanan akong paningkamutan.Pakigdait, pagkugi, panglimbasugan.

Kahapsay, kakugi akong hatagan ug bili.Kalihukan, katungdanan pagaatimanon.Hunuhunang kooperatibanhon, buhion.

Usa ka handurawan, usa ka pagtoo,usa ka pagbati, sa kooperatiba,

kaugalingon ihalad ko.Tabangi ako Ginoo.

Source: Cooperative Development Authority.

Table of Contents4 Programme5 ACCU Message6 DID Message7 CDA Message8 NATCCO Message9 NATCCO MBAI Message10 NATCCO Party-List Message11 MASS-SPECC Message12 AWCF Message13 CLIMBS Message14 VRV Message15 Chairperson’s Message19 Joint BOD & Management Report22 COOP PESOS Rating23 SAVINGS & CREDIT Reports29 ACADEMY Report30 COOP LIFE ASSURANCE CENTER / COOP CARE32 AUDIT COMMITTEE Report33 COMMITTEE on COOPERATIVE SOCIAL RESPONSIBILITY REPORT35 EDUCATION COMMITTEE Report39 ELECTION COMMITTEE Report40 FINANCE & INVESTMENT COMMITTEE

Report41 GENDER COMMITTEE Report42 HOUSING COMMITTEE Report43 PERSONNEL & AWARDS COMMITTEE Report44 YOUTH COMMITTEE45 YOUTH COMMITTEE SPECIAL REPORT: 2012 International Summit of Cooperatives46 BOD Resolutions59 COMMITTEE Pictures60 KEY RESULT AREAS62 BRANCH Pictures64 ACTIVITY Pictures66 COMMITTEE Pictures74 AUDITED FINANCIAL STATEMENTS106 SUNSHINE PLAN CLAIMS107 2013 BUDGET115 ADVERTISEMENTS121 COOP JINGLE122 MANAGEMENT STAFF123 PRODUCTS & SERVICES124 COOP DIRECTORY


MSU-IIT MULTI-PURPOSE COOPERATIVE2013 ANNUAL REPRESENTATIVE ASSEMBLY

THEME:”GROWING SOCIAL ENTERPRISES, BUILDING COMMUNITIES”

March 23, 2013 - 8:00 AM - 12:00 noonMSU-IIT Gymnasium

Arrival and RegistrationPakulo/Door PrizeOpening PrayerPambansang AwitCoop PledgeCoop JingleOpening / Welcome Remarks Paulino T. Sanchez, BOD Chair

Presentation of Paulino T. Sanchez, BOD ChairAwards Roberto E. Salarza, Vice Chair Deal Noel D. Benegrado, CEOPakuloClosing Remarks Roberto E. Salarza, Vice-Chair Pakulo

Part I - OPENING PROGRAM Part II - PRESENTATION OF REPORTS

1. Call to order

2. Opening Address by the Chairperson

3. Presentation of Reports: - Joint BOD and Management - All Committee Reports

4. Pakulo 5. Open Forum

6. Pakulo

7. Adjournment

8. Closing Prayer

9. Pakulo

PAKI

GSAY

UD

Editorial advisory Paulino T. Sanchez Roberto E. SalarzaEditor in Chief Deal Noel D. BenegradoArt Editor/Layout Artist Jeremy M. AncogProduction Assistants Aldie P. Alia Aiza Fe M. Daleon Yani J. Lacbayen

Published by MSU-IIT Multi-Purpose Cooperative 2/F MSU-IIT MPC Bldg., Quezon Ave. Ext., Pala-o, Iligan City, 9200TeleFax (063) 223-5874Website: http://msuiitcoop.orgCirculation: 13,500 copies

Editorial Staff

ERRATA:OUR APOLOGIES TO PROF. EDNA E. ABERILLA AND ENGR. ROBERTO E. SALARZA WHO’S TITLES WERE NOT APPROPRIATELY STATED IN THE IMMEDIATE PAST PUBLICATION AS CHAIRPERSON EMERITUS AND VICE CHAIRPERSON OF THE BOARD OF DIRECTORS, RESPECTIVELY. FURTHERMORE, OUR APOLOGIES TO PROF. EDNA E. ABERILLA WHOSE TITLE AS CHARPERSON EMERITUS WAS NOT ACKNOWLEDGED IN THE PAST PAKIGSAYUD ISSUES.

Message 5

BBeesstt WWiisshheess ttoo MSU-IIT Multi-Purpose Cooperative

It is my pleasure to send greetings and best wishes to the leaders and members of MSU-IIT Multi-Purpose Cooperative on its Annual Representative Assembly on March 23, 2013.

It is great to know that the Board and management are embracing the challenge to maintain the momentum of growth of MSU-IIT MPC. To sustain the achievements on the same pace, there is a need to build strong pillars while maintaining the cooperative values - your differentiation.

We congratulate MSU-IIT MPC’s decision to undergo ACCESS accreditation. It will be astrong foundation that assures your members of excellent services and financial soundness. We trust that the standards of ACCESS are being sustained and that it shaping up as an organizational culture of MSU-IIT MPC.

As we observed in the initial evaluation of your ACCESS compliance, we commend the leaders and management of MSU-IIT MPC for their dedication. ACCESS Brand is not an overnight job. We are confident that the Board and management are even ready to takepersonal sacrifice to bring MSU-IIT MPC to international standards.

As a supporter member of ACCU, we appreciate your commitment towards your mission.Please continue to undertake the responsibility to provide personal financial education both to your members, and within your communities. Your experience is a great example and inspiration to us and other credit unions in Asia.

We wish you more success in the years to come.

Sincerely yours,

Ranjith Hettiarachchi Chief Executive Officer

It is my pleasure to send greetings and best wishes to the leaders and members of MSU-IIT Multi-Purpose Cooperative on its Annual Representative Assembly on March 23, 2013.

It is great to know that the Board and Management are embracing the challenge to maintain the momentum of growth of MSU-IIT MPC. To sustain the achievements on the same pace, there is a need to build strong pillars while maintaining the cooperative values - your differentiation.

We congratulate MSU-IIT MPC’s decision to undergo ACCESS accreditation. It will be a strong foundation that assures your members of excellent services and financial soundness. We trust that the standards of ACCESS are being sustained and that it shaping up as an organizational culture of MSU-IIT MPC.

As we observed in the initial evaluation of your ACCESS compliance, we commend the leaders and management of MSU-IIT MPC for their dedication. ACCESS Brand is not an overnight job. We are confident that the Board and Management are even ready to take personal sacrifice to bring MSU-IIT MPC to international standards.

As a supporter member of ACCU, we appreciate your commitment towards your mission. Please continue to undertake the responsibility to provide personal financial education both to your members, and within your communities. Your experience is a great example and inspiration to us and other credit unions in Asia.

We wish you more success in the years to come.

Best Wishes to MSU-IIT Multi-Purpose Cooperative

Message 6

GREETINGS FROM DESJARDINSI am honored to have the opportunity to share with you few thoughts from my experience in the Philippines so far. First, I have to say that MSU - IIT cooperative is a well-known cooperative in the Philippines and play important roles for the communities directly served, but also for the network as a whole.

Therefore, I would like to congratulate your organisation, its directors, the staff and all the members for this 35 years anniversary. When I think of all the members who have been helped by your cooperative during all these years, I am convinced that MSU- IIT helps to create a better world for them. As we say in French, Bravo!!! I have been working in the Philippines for almost 18 months, so far. I have traveled in many areas, met with directors, managers, staff and maraming miembros. I have appreciated every moment. From my observations, I can say that Filipinos are welcoming people, always willing to help, strong workers with high entrepreneur-ship capability. I would add smiling people who are always ready to enjoy good moments. I will always remember the smile of the young children. Nice souvenirs! On the cooperative point of view, I was impressed by the financial capacity as well as the professional capability. Cooperatives are helping a lot of people, that’s great. But the needs are still very important and the populations have to maintain the development of their cooperatives. Cooperatives should work together and create an integrated system that will empower them more and make them more efficient in providing ser-vices to all members, savers and borrowers. High efficiency brings lower interest rates and lower interest rates helps borrowers to be more productive. That’s the way cooperative works and helps their members. They also have to show how to save money and provide the appropriate products and services. And we should always remember that – alone I am weak but with others I am strong!

This message is very important and I motivate the creation of the cooperatives in my country. More than 100 years ago, Mr. Alphonse Desjardins, founder of the Desjardins Movement, an important cooperative network in the province of Quebec in Canada, could not believe that the population had to borrow money at very high interest rates. Shark loan organisations were doing good business. For Desjardins, the situation couldn’t continue. He studied the situation and asked support from Europe. He presented a new model and founded the first cooperative in Levis in 1900. The idea was to gather savings from the cooperative’s members and lend that money to others in needs, always considering their capacity to pay. Today, Desjardins has more than 42 000 staff and 200 G$ in assets. More-over around 80 % of the Quebec population have an account with Desjardins.

For the entire population of the Philippines, I hope that the cooperatives like MSU-IIT will continue its growth and the delivering of high quality services to its members. Doing so, it will continue to create a better world for all.

Thank you!

Jean Caron Senior Advisor Development International Desjardins

Message 7

MESSAGE My warmest felicitations to MSU-IIT Multi-Purpose Cooperative (MMPC), the Officers, Staff, all members and stakeholders on your Annual General Assembly on March 23, 2013. During its more than two decades of cooperative journey MMPC has proven that the heart, dedication, efficiency and strong will to serve the members count the most in the face of all challenges and adversities. Keep up the good work!

With the recognition given by the United Nation to the importance of the cooperatives worldwide, great many things are expected to come out from this sector. As such, I urge the dedicated leaders of MMPC to continue to innovate your products and services to international quality standards, steadfastly adhere to the noble mission, vision and core values of the coop, exemplify the highest form of integrity, commitment, good governance and epitomize the true spirit of cooperativism. Strengthen your coop more by streaming your membership, encourage your own family to join and embrace cooperativism as a way of life. Thus, more Filipinos will be empowered and will benefit from the cathartic influence of the cooperatives. The CDA was able to forge Memorandum of Agreement with different National Government Agencies as well as the Local Government Units which aim to strengthen the grass roots of our cooperatives. We formed strong ties with the unions, federations and other institutions with cooperative development pursuits in implementing and achieving the flagship program of this agency. I am happy to announce that the CDA has achieved the ISO 2008:9001 certification which calibrates the kind of services this agency renders to the cooperative sector, pursuing a grand dream of guiding all coops in the country to attain the same Quality Management System certification in not so distant future. These endeavors were painstakingly undertaken by our agency with just one target in mind… to be the best agency in service of the cooperatives nationwide. We therefore request cooperative leaders to regularly visit our website: www.cda.gov.ph for valuable information on Memorandum Circular issuances and policy directions being implemented by our agency so that we can gear our synchronized actions towards the same direction… to the path of progression and excellence. I congratulate the entire workforce, the pillar behind the success, development and stability of MMPC. May it continually grow and prosper together with all the members, their families, and the community. Mabuhay ang National MSU-IIT Multi-Purpose Cooperative! Mabuhay ang Kilusang Kooperatiba sa Pilipinas! EMMANUEL M. SANTIAGUEL, Ph. D.

Chairman

Message 8

NATCCO congratulates MSU-IIT Multi-Purpose Cooperative in the celebration of its __ Annual Representative Assembly with the theme “Growing social enterprises, building communities”. The theme highlights the role of the cooperatives in the respective communities where they have members; that the services of the cooperatives will build the members and the communities.

The whole NATCCO Network comprising of more than 600 cooperatives and their 2.1M individuals served in its more than 1,122 offices, joins MSU-IIT MPC in this celebration. The NATCCO Network is happy that MSU-IIT MPC has been one of its member cooperatives, especially that your cooperative has really become a pillar in the cooperative movement. MSU-IIT MPC is a story of transformation: from being a closed type cooperative to an open type; from being housed at the campus to one with now __ offices; from Iligan City to __ more cities and provinces. Indeed MSU-IIT MPC has grown so that it can bring more members who can benefit from the services that it offers and continue promoting the ideologies of cooperatives to more peoples.

As a loyal member of the NATCCO Network, MSU-IIT MPC has helped build at least two federations, MASS-SPECC and NATCCO. MSU-IIT MPC’s participation in the various services have helped build not just itself, but have helped build other primary cooperatives. While it has strived to strengthen itself, it has also worked with other cooperatives thru the federation, so that the whole system can be strengthened. It has helped the bigger communities of cooperatives in the Philippines.

The leadership of the cooperative has been recognized with your leadership in federations and special bodies. In the 2012 International Year of Cooperatives, the youth sector representative was one of the speakers in the International Summit of Cooperatives in Quebec, Canada. Mr. Luis D. Carrillo, PhD., one of its former volunteer managers, was also an awardee of Proxfin based in Quebec. The General Manager of the cooperative is also currently the President of the Cooperative Managers Association of Mindanao and the Chairperson of the _____ Surety Fund. A number of your board of directors have been Chairs, members of the Boards and committees of NATCCO and MASS-SPECC.

NATCCO assures MSU-IIT MPC its desire to be a partner in its growth. Your leadership in building the network is truly a blessing to the federation. May this leadership guide the federation and sector towards ta more vibrant cooperative sector.

SYLVIA OKINLAY-PARAGUYAChief Executive Officer

NATCCO NetworkNational Confederation of Cooperatives

Message 9

February 11, 2013 Dear Fellow Cooperators of MSU-IIT MPC, It’s our 35th General Assembly. Our cooperative has grown by leaps and bounds. I recalled in January 1979 where only very of us, less than 52, attended the first General Assembly. I was one of the chartered members of the Board of Directors then with Madam Edna Elizaga Aberilla as the chartered chairperson. Now, with the numerous and dispersed membership, we resorted to the system of representation per branch in our Annual Assembly. This ARA is on top of our mid-year assembly by cluster of branches. No one is left behind since all members can attend the cluster assemblies. We are in the threshold of realizing the cooperative leaders’ dream: That the economically disadvantaged thru their cooperative can be mainstreamed economic players. Cooperatives can venture into viable enterprises out of its funds or from borrowed funds that can bring reasonable returns. Cooperatives can be major players in the food industry, energy, apparels, and agro-industrial productions on top of its financial and insurance services. Cooperatives can engage the services of experts on each enterprise they venture into. These enterprises though not themselves cooperatives, are owned and controlled by cooperatives; and as such, the returns accrue to the members. Mabuhay and MSU-IIT MPC! Mabuhay and cooperative movement. Cooperatively Yours, LUIS D. CARRILLO, PhD, CSEE NATCCO MBAI-President

February 11, 2013 Dear Fellow Cooperators of MSU-IIT MPC, It’s our 35th General Assembly. Our cooperative has grown by leaps and bounds. I recalled in January 1979 where only very of us, less than 52, attended the first General Assembly. I was one of the chartered members of the Board of Directors then with Madam Edna Elizaga Aberilla as the chartered chairperson. Now, with the numerous and dispersed membership, we resorted to the system of representation per branch in our Annual Assembly. This ARA is on top of our mid-year assembly by cluster of branches. No one is left behind since all members can attend the cluster assemblies. We are in the threshold of realizing the cooperative leaders’ dream: That the economically disadvantaged thru their cooperative can be mainstreamed economic players. Cooperatives can venture into viable enterprises out of its funds or from borrowed funds that can bring reasonable returns. Cooperatives can be major players in the food industry, energy, apparels, and agro-industrial productions on top of its financial and insurance services. Cooperatives can engage the services of experts on each enterprise they venture into. These enterprises though not themselves cooperatives, are owned and controlled by cooperatives; and as such, the returns accrue to the members. Mabuhay and MSU-IIT MPC! Mabuhay and cooperative movement. Cooperatively Yours, LUIS D. CARRILLO, PhD, CSEE NATCCO MBAI-President

Dear Fellow Cooperators of MSU-IIT MPC,

It’s our 35th General Assembly. Our cooperative has grown by leaps and bounds.I recalled in January 1979 where only very few of us, less than 52, attended the first General Assembly. I was one of the chartered members of the Board of Directors then with Madam Edna Elizaga Aberilla as the chartered chairperson.

Now, with the numerous and dispersed membership, we resorted to the system of representation per branch in our Annual Assembly. This ARA is on top of our mid-year assembly by cluster of branches. No one is left behind since all members can attend the cluster assemblies.

We are in the threshold of realizing the cooperative leaders’ dream: That the economically disadvan-taged thru their cooperative can be mainstreamed economic players. Cooperatives can venture into via-ble enterprises out of its funds or from borrowed funds that can bring reasonable returns. Cooperatives can be major players in the food industry, energy, apparels, and agro-industrial productions on top of its financial and insurance services. Cooperatives can engage the services of experts on each enterprise they venture into. These enterprises though not themselves cooperatives, are owned and controlled by cooperatives; and as such, the returns accrue to the members.

Mabuhay ang MSU-IIT MPC! Mabuhay ang cooperative movement.

Cooperatively Yours,

Message10

MESSAGE

From your Coop-NATCCO Partylist family, we extend our sincere solidarity as you mark your Annual Representative Assembly. This gathering is worthy of attention for it creates public awareness about the cooperative’s involvement in nation building, raises awareness with respect to the non-members in joining this “bayanihan” movement, opens opportunities for interaction and serves as an avenue in indoctrinating the ideology of cooperativism as a catalyst to progress.

Let this be a perfect opportunity to endow your members an open and supportive link for their personal and professional growth. Your best days are ahead of you. I encourage you to develop your competence and capability and to uphold, preserve and maintain you unique identity as a cooperative and may you continue your aspiration to become a world class cooperative serving the nation. It is my fervent hope that MSU-IIT’s operations will continue to see success in the years to come. In the same way, I wish that the cooperative spirit among the members remain strong. As your partner in development, rest assured that the Coop-NATCCO Partylist’s drive in advancing the welfare of cooperatives through significant legislations and policy reforms will not falter. As we perform our daily tasks, let us put our faith to God Almighty and seek for His guidance and graces so we would successfully carry out our mission of empowering our brothers and sisters in Christ. Mabuhay kayong lahat!

HON. CRESENTE C. PAEZ Representative, Coop-NATCCO Party-list

Republic of the Philippines House of Representatives

Quezon City, Metro Manila

Message11

M E S S A G E

Congratulations to MSU-IIT Multi-Purpose Cooperative on its 4th Annual Representative Assembly! Your success is not just measured by the size of your assets which now stands over P 800 Millions but by the quality service you give to your 40,000 members making a real difference in their lives. Because beyond asset size, what matters is when members will truly say that their lives have been improved because of the cooperative.

Your theme for this year, “Growing Social Enterprises, Building Communities” demonstrates your continuing efforts in supporting members’ needs by helping them build their individual enterprises. Growing members’ enterprises will ultimately lead to members getting out of poverty and building better communities. This is the essence of MSU-IIT MPC!

As a member of MASS-SPECC Network, we call on MSU-IIT MPC to be the vanguard in advancing the agen-da of the network. Building a strong cooperative movement does not come from the strength of a single or few cooperatives but from the strength of the sum of all cooperatives unified as one. This cooperation among cooperatives comes from a shared bond to change the lives of the members, help build communities and con-tribute to nation building.

Together, let us we move forward in growing cooperatives into one strong cooperative movement.

More Power to MSU IIT MPC!

BERNADETTE O. TOLEDO, CPA

ChiefExecutiveOfficer

Message12

The Asian Women in Co-operative Development Forum (AWCF) congratulates the MSU IIT MPC on the occasion of its 2013 Annual Representative Assembly.

The AWCF was established in 1990 to answer the need for developing sound gender practices and policies in co-operatives across Southeast Asia. In our activities here in the Philippines, we have partnered with international and local cooperatives to reach the different co-operatives in the Philippines including the MSU IIT MPC.

In 2010 to 2012, AWCF has implemented the Project “Promoting Gender Equality Among Co-operatives in the Philippines”. The Project was under the ACCESS TO THE POOR PROGRAM of Swedish Cooperative Center, funded by SIDA. There were15 co-operative organizations involved: 5 from Luzon, 5 from Mindanao and 5 from Visayas who expressed the need to undertake a Gender Equality program in their co-op. Through the project, the co-ops adopted and implemented policies and plans on GE while calling for relevant government agencies to adopt policies and rules on GE for co-ops; KEY RESULT of this project was that co-ops became gender-fair organizations and workplaces that have enhanced their socio-economic services to the members, with consequently socio-economic returns for the co-ops.

Today, the MSU IIT MPC is a showcase of gender equality to other co-ops, development groups, government agencies, other stakeholders, and the public in general. The gender journey and results of MSU IIT MPC want to emphasize that being gender sensitive and being able to practice gender equality can be done by other co-ops that want to better serve their members and, to a larger extent, the community. There are many benefits that being a gender-fair co-op can achieve for its own organization and its membership of women and men. A happy co-op member makes a happy co-op both in the social and economic sphere. Being a gender fair co-op also brings good business.

We in AWCF continue to support MSU IIT MPC in its pursuit of gender equality as it strives to become more effective and relevant vehicle for the socio-economic upliftment of the people.

(Sgd.) Salome A. Ganibe

Executive Director AWCF

Message13

CLIMBS LIFE AND GENERAL INSURANCE COOPERATIVE National Highway, Zone 5, Upper Bulua, Cagayan de Oro City Telefax: 088 8561355 Email: [email protected] Website: www.climbs.coop

My warmest appreciation and recognition to MSU-IIT Multi-Purpose Cooperative’s celebration to its Annual Representative Assembly 2013!

You have surely come a long way in uplifting and inspiring the lives of your members and you have proven and shown to us that you have already provided adequate financial assistance to your members in accordance to MSU-IIT MPC’s mission and vision.

But it is not too bold to aspire for greater heights; in fact, I encourage you to be more ambitious; to strive to be better to what you have already achieved and to surpass expectations and to inspire more lives for the greatness of everyone.

Live up to the thought you wish to transcend to your members in which a virtue that a successful cooperative should always impart and as a basic idea to which a cooperative is created in the first place.

Make that principle be your guide and as a challenge in providing quality services not only to your members and employees but to the rest of the community as a whole also in response to MSU-IIT MPC’s mission for a greater nation.

KUDOS to the leaders, staff and members of MSU-IIT Multi-Purpose Cooperative (MSU-IIT MPC)!

More power and God speed!

Fermin L. Gonzales President/CEO

CLIMBS LIFE AND GENERAL INSURANCE COOPERATIVE National Highway, Zone 5, Upper Bulua, Cagayan de Oro City Telefax: 088 8561355 Email: [email protected] Website: www.climbs.coop



But it is not too bold to aspire for greater heights; in fact, I encourage you to be more ambitious; to strive to be better to what you have already achieved and to surpass expectations and to inspire more lives for the greatness of everyone.

Live up to the thought you wish to transcend to your members in which a virtue that a successful cooperative should always impart and as a basic idea to which a cooperative is created in the first place.




Fermin L. Gonzales President/CEO



But it is not too bold to aspire for greater heights; in fact, I encourage you to be more ambi-tious; to strive to be better to what you have already achieved and to surpass expectations and to inspire more lives for the greatness of everyone.

Live up to the thought you wish to transcend to your members in which a virtue that a success-ful cooperative should always impart and as a basic idea to which a cooperative is created in the first place.




Message14

A WORD FROM VRV CONSULTANCY

Congratulations on your successful 2012 operations!

VRV Management has had the pleasure of being your working partner on 5-year strategic planning, budgetary reviews, treasury and controllership operations, and marketing activities. We take great pride in this ongoing partnership.

MSU-IIT MPC has a capable management group, a visionary and ambitious Board of Directors, and the best branch management staff we have dealt with. Capitalize now on these resources towards your dreams of greatness.

May you become the vibrant nationwide cooperative you always wanted to be.

(Sgd.)Prof. Vicente R. Valdellon, Jr.PresidentVRV Management

Message15

CHAIRPERSONDear Brothers and Sisters of the MSUIIT National Multi-Purpose Cooperative:

Heavenly Cooperative Blessings! And Welcome to our Annual Representative Assembly on the 35th year of our God-centered co-op-eration. As the inertia of local, national and international celebrations of the 2012 INTERNATIONAL YEAR OF COOPERATIVES continues our theme for this assembly is consistent with the SLOGAN:

“COOPERATIVE ENTERPRISES BUILD A BETTER WORLD.”

Goals of the International Year of Cooperatives:

1. Increase public awareness about cooperatives and their contributions to socio-economic development and the achievement of the Millennium Development Goals;2. Promote the formation and growth of cooperatives;3. Encourage governments to establish policies, laws and regulations conducive to the formation, growth and stability of cooperatives.Source: http://social.un.org/coopsyear/iyclogo.shtml

Consistent with our approved 5-Year Strategic Plan 2012 to 2016, and the goals 1 and 2 enumerated above, we have opened sav-ings and credit offices in Puerto, Cagayan de Oro City, Bacolod, Lanao del Norte, two in Butuan City and one in the Municipality of Laguindingan, Misamis Oriental. Indeed a good number of new co-operators from these newly opened offices have responded to our invitation to:

JOIN US! GROW WITH US!

In keeping with scriptural tradition let me welcome one and all to our 4th Annual Representative Assembly with Psalm 127:1 as our reminder that “Unless the Lord builds the house, those who build it labor in vain.”

I therefore enjoin all cooperator-representatives in behalf of the general membership that we share our thoughts, good inspirations and feelings, and arrive at collective decisions with the guidance of the Holy Spirit of God, our Heavenly Parent and True Parents of Heaven, Earth and Humankind.

Again to master our thoughts, feelings, words and acts together allow me share to you that our MSU-IIT NMPC is an economic vehicle guided by the equilateral triangle paradigm shown in Figure 1 below.

Figure 1.Dynamics of Vision, Mission, Objectives; Team and Leadership Paradigm

Message16

Our MSU-IIT National Multi-Purpose Cooperative as the Team that is composed of leaders and follower-members is an economic vehicle united on the basis of our Vision Statement:

“A leading world-class cooperative serving the nation”Mission Statement:

“To provide and satisfy cooperators with excellent products and services”

Objectives, as printed in page 3, Pakigsayud Vol. XXX – Rearranged:

GOVERNANCE: To practice high ethical standards, operational efficiency and effectiveness in governing the cooperative.

WORKFORCE: To maintain a highly motivated and competent workforce.

COMMUNITY: To develop sustainable outreach programs and linkages with other institutions.

MARKET: To establish a strong market presence in strategic areas in the Philippines.

PRODUCTS: To continuously develop and innovate products and services satisfying the changing needs of the members.FINANCE: To ensure the financial viability of the cooperative.

And the Panumpa sa Kooperatiba as deep commitment foundation anchored on God or … Tabangi ako Ginoo.

CASHFLOW MANAGEMENT

Given the newly opened six savings and credit offices with at least four to five office and field workers, it is a projected situation that said offices have to be subsidized for the first eighteen

(18) to twenty four (24) months of operation. Indeed these offices have affected our Net Surplus for the year 2012 as per Joined BOD and MANAGEMENT Report and Audited Financial Statements. Aside from subsidizing the operations of newly opened savings and credit offices, we have also resolved that starting January 2012, we are to accrue Php 350,000.00 per month or Php 4.20 mil-lion per year for ten years to provide for the Special Savings.

Another major program we are working on with the Housing Committee and the Property Management Division of our Ato Kini Koop is the Housing Cooperative Project at Lambagohon. Even though these activities require cash outflow, their contribution to positive net surplus are yet in the future.

Despite the reduction of net surplus for 2012, we have contributed in our countries economy by means of providing employment to no less than 30 additional management and staff.

Message17

COMMUNICATIONS MANAGEMENTAfter our exit conference with the External Auditors, we are strongly reminded to improve on our communications in the area of enhancing knowledge and skills to be learned and practiced by and among, elective officers, management and staff and the general membership. Specially among prospective elective officials from the membership and newly hired management and staff.

In today’s ARA, we hoped to have communicated the need to ratify and approve the Articles of Cooperation and By-Laws of the Coop Academy. The invitation to all members to subscribe for at least 1,000 shares and be qualified to be elected among the first subsidiary officers by paying their initial paid-up share capital of Php 12,500.00 in their respective branch offices. That the first 21 members to have paid-up their 25% of the minimum subscription of 1,000 shares will be founding members of the MSUIIT National Cooperative Academy, a subsidiary of the MSUIIT National Multi-Purpose Cooperative.

The MSUIIT National Cooperative Academy Subsidiary will be relocated come School Year 2013 we pray that the all the needed preparations we are working on will be guided and blessed by our Heavenly Parent and True Parents of Heaven, Earth and Humankind. We therefore enjoin every one to pray for the success on the efforts in this regard. SYSTEMS, LEGAL AND PRODUCTS

Connecting all the operating links while seeing to it that ethical, moral and legal requirements are in place, we move close to substantiating our vision as we conduct and carry out each day with love our mission of serving the entire membership anchored upon heavenly cooperative principles and practices. Truly all these we prayerfully integrate on the basis of our Core Coopera-tive Values of Spirituality, Excellence, Leadership and Good Governance, Family Solidarity, Dignity, Integrity, Competence and Entrepreneurship. (Pakigsayud Vol. XXX, Page 3).

Resolve and approve the proposed increase in the Sunshine Benefit from the Php 75,000.00 to Php 125,000.00 for a corre-sponding increase in monthly premium contribution of Php 35.00 per month effective the month after this assembly, with the understanding that those who will simply opt for the same benefit will not effect the change in his or her monthly Sunshine contribution.

COOP NATCCO Party List

Our desire and effort to bring about 1 Koop Mindanao Party List did NOT succeed in being accredited by the Commission on Elec-tions. Thus the natural course of action is for all cooperators to rally and support the COOP NATCCO Party on the Party List Elec-tions May 13, 2013. We look forward that Congressman Cresente C. Paez will grace this assembly as our Guest Speaker today.

MSUIIT NMPC

The MSUIIT NATIONAL MULTI-PURPOSE COOPERATIVE can in the future become a more effective vehicle in uplifting the lives of our members and build better communities. Our newly adopted Articles of Cooperation and By-Laws have empowered your Board of Directors to effect, Article XI Allocation of Net Surplus, as follows:

Message18

Reserve Fund. At least ten percent (10%);

Cooperative Education and Training Fund of Not more than ten percent (10%);

Community Development Fund of At least three percent (3%);

Relief, Rehabilitation, Recovery, and Reconstruction Fund of At least three percent (3%);

Optional Fund of Not more than seven percent (7%); and

Venture Capital Fund of Not more than seven percent (7%).

The purposeful and effective use of the above funds will bring our cooperative greater conquest of material poverty. However, purposeful and well directed growth and development of officers, management and staff, and general membership; and each taking individual responsibility to learn and practice heavenly cooperative principles, core values and continuing unlearning and learning of undesirable and good practices respectively, will manifest shared prosperity!

Again, spread the cooperative good news to family members, relatives, friends, and the community.

JOIN US! GROW WITH US!

For and In Behalf of the Board of Directors, Management and Staff, and the entire Membership of the MSUIIT National Multi-Purpose Cooperative and the upcoming subsidiaries, Peace, Shalom, God Bless and Welcome to our 35th Anniversary and 4th Annual Representative Assembly.

Engr. PAULINO T. SANCHEZ BOD Chairperson

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 19

JOINT BOD and MANAGEMENT REPORT2013 is an exciting year for our dear Cooperative in many ways. Today is our fourth Annual Representative Assembly and at the same time coincides with our 35th General Assembly. As far as our Coop is concerned, we do have the advantage of having a Midyear Branch/Cluster Assemblies wherein big ownership meetings are held and allowed us to choose at the same time our Representatives who will be attending the Annual Representative Assembly just like what we are having at this moment. We are proud to say that we may the only one practicing twice a year big assemblies allowing members to be informed of the business undertakings done during the first half of the year and make necessary interventions needed to be done for the rest of the year. It is costly but the benefits outweigh the former. Some cooperatives are benchmarking with us and appreciated the value of this tradition.

Growing Social Enterprises and Building Communities is primarily what our Cooperative has been trying to envision and the core of our mission. We are not an ordinary organization or corporation trying to make money and achieve pure economic gains but more impor-tantly, an association of well-intentioned individuals dreaming and realizing the social upliftment of its members. By definition, social enterprises “are revenue-generating businesses with a twist. Whether operated by a non-profit organization or by a for-profit company, a social enterprise has two goals: to achieve social, cultural, community economic or environmental outcomes; and, to earn revenue.” (from the Center for Community Enterprise) . It is also defined as “A social economy enterprise operates like a business, produces goods and services for the market, but manages its operations and redirects its surpluses in pursuit of social and environmental goals.” (Defin-ing the Social Economy, by Fiona Salkie; Senior Policy Analyst, WD Headquarters, Edmonton).

35 years ago, we started our coop community in the confines of our MSUIIT Campus. We are doing fine and blossomed into an 892-mem-ber, P86 Million-Assets and P1 Million-Net Surplus cooperative and going strong leading cooperative. 11 years ago today or in 2002, we have decided to open up to the community and share our experience to all Iliganons. Today, we have about 50 thousand members both regular and associate from all sectors of our society not only from our dear Iligan City but to the whole of Lanaodel Norte, Cagayan de Oro City and Misamis Oriental, Pagadian City, Butuan City and Agusan del Norte. We are now P800 Million in Assets and having a P23.4 Million Net Surplus. Definitely, we are growing and we have shared to more people the blessings we have in the Cooperative. Truly, we are building Cooperative Communities believing in the same internationally accepted cooperative principles and values.

Interconnectivity and Internet banking are not far behind. In our quest for updated and better savings and credit operations in our Coop, we are now working in these two areas. By year end, we hope to implement the first and finally, use one computerized accounting system to rationalize our MIS. Adopting an existing banking facility to interface with our own, we should also enjoy internet banking features as we service the ever changing needs of our members. These two would ensure that we are at least updated and using avail-able IT possible within reasonable costs and satisfying our members.

Our pursuit to be ACCESS-branded may hopefully come to fruition as we are working at the basic requirements and pre-requisites to become one before the year ends. This will make us the fourth cooperative in the Philippines and the first in Mindanao. This is a manifes-tation of our strong desire to be world class and providing a sound and sustainable savings and credit operations. We are trying to work out a way to achieve the goals of four essential perspectives namely, financial, members-customers, internal business and, learning and growth (business scorecard as adopted by ACCU).

As of December 2012, our total assets stood at P799.4 million net after closing the deferred assets. This was agreed upon by the Board and Management modifying the previous action to amortize over a period of 5 to 10 years with clearance from CDA. The net surplus was P23.4 million which was lower than the previous year of P28.5 million. This was due to increasing cost of putting up new branches although we look at this strategic action as an investment as well where eventually the fruits and gains will be seen in the future. Tibanga Main has to shell out P4 million to amortize the interest expense accruing for special savings of prior years. The savings and credit opera-tions did not achieve the revenue target for loans thus resulting in a lower net surplus. Although there was an increase from P75.5 million to P88 million in interest income on loans but the loans released actual was only P838 million where the budget was P892 million.

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly20

Year 2012 was a challenging year for us. We are challenged to boast the image of MSU-IIT Multi-Purpose Cooperative in the increase of its membership level and expand its horizons. With the Marketing strategies that we have, flavored with wit, enthusiasm, Board of Directors and management support, we were able to accomplish many triumphs. We were able to hit 96% of the consolidated mem-bership target. In order to know more of what products and services we are going to give to our members, we conducted a survey on members’ needs. Part of strengthening our marketing drive, we improved our marketing collaterals and made the Coop more visible by advertising on television and radio. The Coop jingle was also created to build a stronger image and identity to the community. We believe that the members are the lifeline of the Coop, so we came up with a program last December 2012 in which we gave Christmas cards to all our members. Our top 100 and top 10 valued members were given ballpens and planners, respectively. In each branch, we also identified our Top 1 valued member and sang Christmas carols to them to express our gratitude.

We always adhere to excellence and world class approaches in our coop business. Hence, we continually do our task in the promotion and development of our products. For this year and onwards, we will continue to provide excellent service to our members. We presume there will be more challenges to come, but we will be able to surpass them if we work together. There are no magic wands, no hidden tricks, and no secret handshakes that can bring us immediate success. With time, effort and determination, we will get there. In the side of Human Resource, we strengthened our payroll, hiring, and training systems. These are very essential in achieving our long-term targets and in empowering our employees to work harder and smarter to reach the goals. We conducted trainings to staff and members for them to also see the path we want to follow. In doing so, the Board of Directors and Officers, Management and staff are one in vision and mission.

We hope to relocate the Coop Academy into a better location and a more permanent one. By doing so, an increase of enrollees in the coming years is a great possibility.

MSU-IIT MPC is also working hard to enhance our CoopCare program to give more benefits to our members, especially in wellness programs. We had a kick-off activity last year which was the 1st Coop Funrun. TheCoopcare program is one of our means to reach out to members and build camaraderie in the community.

Community involvement is a major goal on the Coop, but is not limited to places where our branches exist. The Coop is always active in networking activities among other cooperatives and federations. Immersion in advocacy efforts like gender and development, anti-poverty, pooling of resources like credit surety fund, and the development of the MIS-IT system for the whole network. Moreover, we are working on building strong relationships like involvement in the Cooperative Managers’ Association in Mindanao and People Man-agement Association in the Philippines.MSU-IIT MPC is not alone in its endeavors. We believe that by reaching to important networks mentioned, our Coop will grow into a healthy and holistic cooperative.

Part of being a holistic cooperative is to be the number one when it comes to transparency and ingenuousness. We are working on better use of our information technology. Providing electronic copies of the Pakigsayud and additional publications is a work in progress. The Coop seeks to provide authentic information to our members and to the community.

We have opened Puerto branch in January, JC Aquino in March, Bacolod in May, Pagadian in August, Langihan and Laguidingan in October last year. We have transferred and renovated the Kiwalan and Buruun branches as well as Maranding branch. All in all, we have 19 branches and satellites operating savings and credit in four cities and four provinces. Of course, we have been operating our Coop Academy and Coop Life Assurance Center/Coop Care for many years. Our Head Office is situated in our wholly-owned building and lot located at Quezon Avenue Extension, Iligan City.

The COOP PESOS rating used by CDA to measure a cooperative’s performance as seen in page 16 of our Pakigsayud indicated that our Coop has a general rating of 81.4 % which is equivalent to Fair. As far as Portfolio Quality is concerned, our Portfolio At Risk which measures delinquency has a score of 7.62% which is close to the standard of 5% or less. We have fully provided for probable loan losses.


Efficiency ratios indicated that we are doing fine except cost per peso loan, asset yield and operational self-sufficiency. Inflation rate was 3% last 2012. Under stability ratios, we are fine with both solvency and liquidity but way below the standard as far as net insti-tutional capital. The two operations ratios of performance of membership growth and trend in external borrowings were excellent. Finally, structure of assets ratios indicated that we have yet to improve our standing considering that our asset quality is zero out of five. We are still way below the standard as to the total loans receivable/total assets and total members’ share capital/total assets. Total deposits/total assets are slightly below the minimum standard. From these ratios, we need to focus our efforts in the weak areas under the structure of assets. Non- performing assets will have to be minimized, raise the deposits of members, and generate more quality loans to optimize use of our available funds as well as generate more share capital from the members.

Our Board and Management efforts were ably supported by consultants coming from our federations namely, NATCCO and MASS SPECC as well as the VRV Management Consultancy especially in the crafting of our Strategic Plan and Operational Business Plan. We were active in conducting training for our Officers and Staff as well as attending important federation assemblies and fora to keep us abreast of new developments and programs adopted by other cooperatives in the country. Our leaders are elected into elective positions in the federations hence recognizing their competencies even in the secondary and tertiary levels of governance. Also, we continued to lead in supporting our federations especially in the building up the funds.

We have a lot to learn from all these experiences and to apply the new learning in the coming year. Though we continue to strength-en and improve our weak areas we would like to congratulate ourselves of the victories we have had. Again, our source of inspira-tion and strength lie in our loyal membership and dedicated officers and staff. We have seen the growth of our Coop through the years and how we sustained our coop good practices and values. We have built a strong and vibrant people-centered organization founded on principles of cooperativism. According to the ICA, we have to be unashamedly ambitious in our endeavors.We will strive to be builder of enterprising communities and a catalyst of social change. We will follow the footsteps of visionary leaders but at the same time form leaders of men and women of this nation. Let us make a difference in the lives of others.

At present sustainability is not a term that is universally linked with co-operatives. This is what needs to change by 2020. We are going to position our co-operative as builders of sustainability and be aligned in the Vision 2020 of the International Co-operative Alliance. The co-operative sector needs to demonstrate persuasively that sustainability is in the core nature of co-operatives, and that co-operative enterprise creates a positive impact to sustainability.

In conclusion, all our efforts and toil will come to nothing if we do not seek God’s wisdom and understanding. We will continue to seek His counsel and discern His plan for all of us. May we continue to depend on His strength and ever loving guidance. Let this be our prayer. Mabuhay ang atong Koop!

Engr. DEAL NOEL D. BENEGRADOCHIEF EXECUTIVE OFFICER

Engr. PAULINO T. SANCHEZ BOD CHAIRPERSON


WeightMaximum Raw

Score Actual Score Rating

COOP 20%C 20 20O 26 26O 40 39P 14 14

Total COOP Points 100 99 19.8

PESOS 80%P 25 22E 20 16S 30 24O 10 10S 15 5

Total PESOS Points 100 77 61.6

COOP-PESOS Total Raw Score(Cratingx.20 +Pratingx.80) 81.40

Overall Rating 3

___________Equivalent rating of overall actual raw score:1 - 96 to 100 Very Good2 - 90 to 95 Good3 - 80 to 89 Fair4 - 70 to 79 Poor5 - below 70 Very Poor

MSU-IIT MULTI-PURPOSE COOPERATIVEHead Office

Quezon Avenue Ext., Pala-o, Iligan CityRegistration/Confirmation No.

COOP-PESOS RatingAs of December 31, 2012

NATCCO

STANDARD SCORE POINTS

MaximumEQUIVALENT

POINTSPORTFOLIO QUALITY

Portfolio at Risk 5 % or less 7.62% 12 15

Allowance for Probable Losses on Loans (over 365 days) 100% 100.00% 5 5

Allowance for Probable Losses on Loans (1-12 mos) 35% 35.80% 5 5

EFFICIENCY

Asset Yield At least inflation rate 2.88% 3 4

Operational Self-Sufficiency 120% and above 113.11% 3 4

Rate of Return on Members' Share Higher than inflation rate 3.34% 4 4

Loan Portfolio Profitability More than 20% 24.06% 4 4

Cost Per Peso Loan P 0.10 0.21 0 2

Administrative Efficiency 3%-10% 9.28% 2 2

STABILITY

Solvency At least 110% 111.07% 10 10

Liquidity Not less than 15% 35.75% 10 10

Net Institutional Capital At least 10% 3.41% 4 10

OPERATIONS

Performance of Membership Growth 75%-100% of target 90.00% 5 5

Trend in External Borrowings 0 0.00% 5 5

STRUCTURE OF ASSETS

Asset Quality not more than 5% 14.24% 0 5

Total Deposits/ Total Assets 55%-65% 51.44% 3 5

Total Loans Receivable/ Total Assets 70-80% 57.97% 1 2

Total Members' Share Capital/ Total Assets 35%-45% 25.87% 1 3

TOTAL 77 100

Prepared by: Approved by:

Loradel B. Pabillar, CPA Engr. Deal Noel D. BenegradoAccountant Chief Executive Officer

COOP PESOS RATING


Cluster 1 comprises of the following branches: Tibanga-main, Kiwalan, Poblacion, Manticao and Laguindingan Satellite. Manticao is the mother branch of Laguindingan satellite which was opened last October 2012. Some of these branches are in rural setting yet very challenging to promote the concept of Cooperativism.

“If you want to be incrementally better: Be competitive. If you want to be exponentially better: Be cooperative”, a quote which sums up the accomplishments of Cluster 1. Based on the KRA’s of the branches, Cluster 1 manages to strengthen its “strong areas” particularly in Assets and Savings generation. Cluster 1 has a total membership of almost 12,000. The COOP PESOS is also high except for Manticao Branch which is below 80 percent. Despite of the low COOP PESOS of Manticao Branch, it isn’t a problem because every obstacle is an opportunity and they are working so hard to recover this in the year 2013.

All the branches managed to reduce its delinquency rate compared to 2011 operations. Tibanga-main has total investment of 117.4 million. The new Kiwalan Branch location is one of the determining factors of its advancement. Poblacion hits the top rank in their COOP PESOS rating. To attract more members Poblacion Branch is planning to renovate their office by 2013. Membership growth is in the top list of Manticao Branch as one of the ways to achieve its target for 2013 operation. For Laguindingan satellite, it aims to have positive surplus for 2013 and recruit many members.

Cluster 1 may have all came from different places, but we’re in the same boat now. The enduring support of the members is the reason of the success of our branches.We all do better when we work together so let’s continue to hang together to upkeep the MSU- IIT NMPC vision and mission.

We are very grateful to the support and patronage of our members.

God be with us Cooperators!

D. P. Armecin J. A. Hernandez C. N. Gallo C. A. Lugatiman N. D. Lacastesantos

Satellite Officer-Laguindingan Branch Manager – Manticao Branch Manager – Tibanga Main Branch Manager – Poblacion Branch Manager – Kiwalan

CLUSTER 1

2011 2011 2011 2011Aud Act Bud % Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %

Assets 376.62 411 402.6 102 25.57 32.1 29.4 109 35.89 40.9 52 78 14.97 20.73 19.07 109 504.73 503.07 100Deposits 228.87 251.4 244 103 11.62 14.6 15.3 95 16.96 17 26 64 2.93 4.6 3.46 133 287.6 288.76 99Share Cap. 55.6 60 63 95 9.82 12.1 12.8 94 12.15 15 16 90 5.57 6.58 6.31 104 93.68 98.11 95Loan Rel. 128.75 143 144 99 40.45 50.8 48 105 48.26 57 66 86 24.53 28.58 43.95 65 279.38 301.95 93Gross Rev. 33.77 39.2 43 91 6.86 7.4 9.7 76 6.79 7.7 10 75 3.64 3.94 6.5 61 58.24 69.2 84Exp. 27.02 28.5 32.6 87 3.93 5.4 5.7 93 4.15 5 7 70 3.09 3.7 5.1 73 42.6 50.4 85Net Surp. 6.75 10.7 10.4 100 2.93 2.45 4 51 2.64 2.7 3.2 86 0.55 0.236 1.4 17 16.086 19 85Membership 4672 5,048 5,409 93 2407 2,906 3,007 96 2038 2,360 2,636 90 1337 1,592 1,829 87 11,906 12,881 92PAR (%) 7.12 5.13 8 156 13.01 8.59 10 120 6.39 5.30 7 130 10.41 4.75 8.00 168 5.94 8.25 140COOP‐ PESOS (%) 74 80 80 100 82 84 82 102 86 87 90 96 77 74 85 90 81 84 96

CLUSTER 1

CONSO20122012 2012 2012 2012

Tibanga Kiwalan Poblacion Manticao/ Laguindingan


To all Cluster 2 Members:

The above table shows our strength as one cluster where we have a combined assets of almost 300M, net surplus of more than 20M, total membership of more than 14K and with a delinquency of less than 8%. The COOP PESOS rating of all branches under this cluster are quite good where almost all got 80 and up rating and two of them got the highest among branches we have with a score of 90.

The following are performance highlights:

For PALA-O Branch: Able to reach the 2nd century mark on Assets having 211M as of December with 15.1M as Net Surplus. It has almost 8K members and a COOP PESOS rating of 90. It will also celebrate its 10th anniversary this coming February 2013 and will also mark our 1st decade presence as community cooperative.

For BURU-UN Branch: Year 2012 marks a banner year for this branch aside from celebrating its 7th year anniversary, they also transfer to a very nice new area conducive for the members. They were able to surpass their net surplus target having 2.6M, delinquency of less than 10% being achieved for the first time since 2006, and members of almost 3K. They also opened its 2nd Satellite in Bacolod, Lanao del Norte.

For TUBOD Branch: Tubod branch continues to perform extremely well thru the years as shown in their COOP PESOS rating of 90 for the 2nd consecutive year. They have Assets of 34M, net surplus of 2.2M and having the lowest delinquency in the Cluster with only 5.3%. They have almost 3K members.

For SUAREZ Branch: Suarez branch is steadily growing and is now 15M in Assets, almost 2K members and contributing yearly to our net surplus having 1M. It has also a COOP PESOS rating of 84.8 that shows their stability and overall good performance. For year 2013, their office will be transferred along the national highway in barangay tominobo but rest assure that all their members in Suarez will still be served.

For 2013, Cluster 2 is looking forward to improve more on our performance as one cluster and surpassed what we gained last 2012 on all our key result areas. We are enjoining all our members to continue to support our Coop and we are looking forward of your patronage. All of you are the source of our strength and because of you this Coop continue to look for ways on how to improve more on our services.

Thank you all and God bless us all!

P. G. Mondragon Leila A. Trinidad R. P. Diaz M. B. Baliling A. S. SalesBranch Manager- Buru-un Branch Manager-Suarez COO Branch Manager-Tubod Satellite Officer-Bacolod

CLUSTER 2


Assets 180.61 211.00 224.51 94 24.99 36.8 32.49 113 27.29 34.1 34.49 99 13.79 15.7 16.29 96 297.62 307.78 97Deposits 80.08 97.14 99.68 97 12.28 14.94 16.98 88 10.39 12.8 15.39 83 4.49 5.23 5.29 99 130.15 137.34 95Share Cap. 46.13 52.21 59.43 88 10.04 13.63 14.64 93 9.53 12.2 12.53 97 4.36 5.31 5.36 99 83.32 91.96 91Loan Rel. 201.39 187.14 210 89 38.96 49.93 45.60 110 49.51 58.9 63.00 93 29.62 30.1 31.2 96 326.03 349.8 93Gross Rev. 29.51 32.27 32.88 98 6.13 7.70 9.63 80 5.74 6.72 8.00 84 3.24 3.4 5.46 62 50.09 55.97 89Exp. 12.56 17.10 13.88 123 4.2 5.12 7.44 69 3.41 4.42 4.70 94 2.2 2.6 3.65 71 29.24 29.67 99Net Surp. 16.95 15.17 19.00 80 1.93 2.61 2.91 90 2.33 2.3 3.30 70 1.04 0.84 1.81 47 20.922 27.02 77Membership 7,022 7,648 7,521 102 2,043 2,824 2,895 98 1,907 2,275 2,507 91 1,250 1,671 1,718 97 14,418 14,641 98PAR (%) 8.04 9.59 8.00 83 15.02 8.69 10.00 120 5.29 5.30 7.00 130 8.92 5.70 7.00 168 7.32 8.00 92COOP‐ PESOS (%) 89.2 90.4 90 100 76.4 78 80 98 90 90 90.00 100 82.4 84.8 85 100 85.8 86.25 99

CLUSTER 2

2012 2012 2012 2012 2012Palao Buruun/Bacolod Tubod Suarez CONSO


BULUA BRANCH

The branch has improved its performance by hitting positive and increasing rates against its target. The members continue to patronize our products and services resulting to improved deposits and capital generations of almost P20 million. Also, because of the increasing number of members being served, we hired additional two staff for 2012 to support the operations of the branch.

Cogon branch

To the members of the Cogon branch, I am very much grateful for your support and cooperation in making our branch more profitable than before. I want to also thank our Almighty God for giving us wisdom and blessing.As of now, we are gaining profitsand we are growing every day despite the challenges we had faced. I am calling the attention of all the members of Cogon branch to help us remind our delinquent co-members to pay their obligation. This is our business and we have a moral obligation to take good care of it. Let us make MSU-IIT COOPERATIVE soar high so that we can continue our mission and vision. Regarding our KRAs, please refer to the table next page. God bless us all and more power. Apil na! Ato kini!

Carmen branch

MSU-IIT MPC Carmen Branch has survived its critical first year of doing business with fairly notable success. The challenge, however, is not the success and how we had survived the year, but on how we are going to overcome the tests that are yet to come.

At the end of 2012, our branch which is barely one (1) year and three (3) months in operation managed to level off the key figures as far as financial status is concerned. The branch KRA was highlighted with its growing asset with a total of 9,443,210.33; its share capital ballooned to 3,626,971.75. We were able to hita total revenue of 1,947,632.45. The membership is fairly doing well with a total member of 1,530 which is 90% of the total target (1,700 members). These figures created a great impact on the triumph we had on the branch’s first year.

Along with the achievement highlights are some of the areas that need to be improved. The need to further educate our fellow cooperators and the value of saving for the future is still very evident in relatively low amount of the branch’s deposits, only hitting 39% versus the target savings generation of the year. The branch’s loan releases have yet to pick up with the total releases of only 22,398,197.30, hitting only 66.85% of the year’s target. This is very crucial in the profitability standards of the coop business. Despite the branch’s circumspection in releasing loans to our valued members, the branch’s swelling delinquency rate of 8.9% is somewhat inevitable. In order not to aggravate the delinquency ratio, we are currently implementing necessary collection measures and we are devising ways and means to maintain a healthy loan portfolio.

As we are trying our best to uphold our coop’s vision and aspirations, we tried more than our best not to compromise our members’ welfare because the members’ satisfaction remains our top priority. As we continue to do and hope for the best in the coming days, we will try to exceed our performance in the previous year. We are thankful for the unceasing support and cooperation of our ever loyal members because, without them,the cooperative cannot be spelled out right.

Puerto Branch

The 14th branch of MSU – IIT MPC was opened last January 12, 2012 in a promising and strategic place, where it’s posi-tioned at the heart of Barangay Puerto, Cagayan de Oro City. And, almost a year of hard work, sacrifices and dedication of the staff and its members, the newly opened branch was able to hit some of the targets set by the top management in 2012. As the MSU – IIT MPC Puerto Branch embraces the opening of the year 2013 (“year of the water snake”), we are very much optimistic that it will boost its operations and membership this year in terms of the required 2013 targets set by the Top Management with the guidance of our VMG and our Heavenly Father above.

Together, we are stronger!

CLUSTER 3


Analysis:

The Cagayan cluster or cluster three was able to survive inspite of the close competition. If you survey Cagayan De Oro, it is composed of different big cooperatives but, because of our products and services offered to our members, we have grown vastly. Let us breakdown the status of the four branches. The strong points of Bulua branch are its assets, deposits, share capital and net surplus considering its 5-year existence. The second branch is Cogon branch. Its strengths are its membership, net surplus and loan releases. It has survived for 3 years. The third one is the Carmen branch. Its advantages are its membership, deposits and loan releases regardless of its 2 years in operation. Last but not the least is the Puerto branch. Its inclinations are membership and delinquency notwithstanding its one year of existence.

I want to acknowledge the joint and collaborative efforts of the managers, staff and the members of Cluster 3. Without them, everything won’t be possible. Thank you and God bless!

R.T Claro M. M. Sabando D. M. N. Impuesto R. V. T. Manzano Branch Manager – Puerto Branch Manager – Carmen Branch Manager – Bulua Branch Manager – Cogon

CLUSTER 3


Assets 21.28 26.44 30.28 87 18.37 23.82 26.37 90 3.9 9.44 11.40 83 7.49 10 75 67.19 78.05 86Deposits 9.71 10.87 13.71 79 5.19 6.95 11.49 60 0.72 2.2 5.52 40 1.49 3 50 21.51 33.72 64Share Cap. 7.13 9.24 9.12 101 5.9 8.86 10.20 87 0.78 3.63 4.78 76 2.27 2 114 24 26.1 92Loan Rel. 40.22 51.65 50 103 44.12 51.45 50.00 103 4.47 22.4 30.00 75 15.5 18 86 141.01 148 95Gross Rev. 4.45 6.03 6.9 87 4.21 5.67 5.43 104 0.33 1.95 2.54 77 1.49 1.28 116 15.14 16.15 94Exp. 4.38 5.56 6.1 91 4.04 5.25 4.74 111 0.92 3.06 3.24 94 2.95 2.32 127 16.82 16.4 103Net Surp. 0.70 0.47 0.80 59 0.17 0.42 0.70 60 ‐0.59 ‐1.11 ‐0.70 159 ‐1.46 1.04 ‐140 ‐1.68 1.84 ‐91Membership 1,702 2,531 2,302 110 2,038 2,702 1,200 225 504 1,530 1,740 88 1,318 1,704 77 8,081 6,946 116PAR (%) 8.94 8.49 7.00 82 7.05 9.21 7.00 76 8.98 2.50 28 1.32 2.50 189 7.00 4.75 68COOP‐ PESOS (%) 65.20 62 75 83 63.6 63 70 90 58 60.00 97 50.8 60 58.4 66.25 88

CLUSTER 3

2012 2012 2012 2012 2012Bulua Cogon Carmen Puerto CONSO


Our warmest cooperative greetings to all the members of MSU-IIT Multi-Purpose Cooperative especially those belonging to Cluster 4.

CLUSTER 4 comprises the MARANDING, TUBOD LDN and PAGADIAN BRANCHES. It has been five(5) years ago that our coop made its landmark in Lanao del Norte through the opening of its first branch at Maranding, the town center of Lala, Lanao del Norte last July 18, 2007 and another office at Poblacion,Tubod, the capital town of Lanao del Norte last January 8, 2011. And last August 18, 2012 our Coop opened a new branch at Pagadian City, the capital city of Zamboanga del Sur.

As of December 2012, Cluster Four performance is briefly described below.

Adding the figures of the branches, our cluster has been able to generate P9.20M deposits and P 13.36M capital from members. We have helped our members when they needed funds through our loan releases total of P82.5M for the whole year or P6.87M loans per month. Although part of loans is risk, we have been able to manage the total portfolio at risk (PAR) of 13%. Tubod, LDN and Pagadian Branch are still on negative net surplus as of December 2012, for they are still recovering their organizational costs.

Maranding Branch has recently transferred its office location which is approximately 500 meters away from their old office that has contributed to a considerable increase in its membership and is gearing up improving its deposits generation.

In order for us to serve you at its best, this 2013 we commit to provide you with more number of quality members, 100% effective customer service, well-controlled loan management, and highly conducive savings generation. With these, together with you, we would be able to hit the mark and bring the Cluster Four to its full potential.

In behalf of the CLUSTER FOUR Branches, we sincerely thank you for being one with us. We continually pray for your unwavering support and trust and that may we be able to serve the cooperative’s purpose of improving the members’ individual lives.

May God bless us all!

M. A. DIAZ J. T. PLARIZA M. F. C. SAGALES Branch Manager-Maranding Satellite Officer-Tubod,LDN Officer-In-Charge-Pagadian

CLUSTER 4

2011 2011 2011Aud Act Bud % Aud Act Bud % Aud Act Bud % Act Bud %

Assets 28.73 33.49 37.27 90 5.28 10.35 9.74 106.00 2.83 3.40 83 46.67 50.41 93Deposits 5.31 6.35 11.04 58 1.14 2.48 3.31 75.00 0.37 1.00 37 9.201 15.35 60Share Cap. 7.67 9.92 12 83 1.41 3.13 4.46 70.00 0.31 0.67 46 13.355 17.13 78Loan Rel. 56.97 58.23 66.6 87 10.05 22.67 26.00 87.00 1.59 6.00 27 82.492 98.60 84Gross Rev. 6.13 7.76 9.07 86 0.83 2.09 3.02 69.00 0.12 0.41 28 9.96594 12.50 80Exp. 6.17 7.02 7.84 90 1.52 2.4 3.02 80.00 0.92 0.73 126 10.339 11.59 94Net Surp. -0.04 0.74 1.23 60 -0.69 -0.31 -0.001 -310 -0.8 -0.32 39 -0.37 0.91 -41Membership 1,668 2,079 1,980 105 544 945 1,384 68.00 189 500 38 3,213 3,864 83PAR (%) 22.24 16 10 63 0.88 4 2 50 0.06 0.00 0 5.02 3.00 60COOP- PESOS (%) 62 66 75 88 62 60 75 80 42 50 84

corrected 03.06.13, 10:10AM via call

2012 2012 2012 2012

CLUSTER 4

Maranding Tubod LDN Pagadian CONSO


It i s with great pride and honor to present our 2012 accomplishments. It has been nine months since our opening and our branch has showed fast growth. Our success was contributed by the overwhelming positive response of the Butuanons. We have more than doubled our target membership wherein we have a compliance of 236%. Because of our high membership, we have also surpassed our target share capital deposits which indicated our members’ commitment to our coop. Although we have reached our gross revenues, we are still short of about 22% of our target net surplus due to our slightly high expenses which can be attributed to our aggressive promotional activities. Other areas such as total assets, deposits, loan releases and COOP-PESOS were almost reached. As much as we are hitting most of our targets, we have a higher delinquency rate against our target. Although, it is tolerable and within international standards; management and staff has been doing its best in taking measures to monitor all these accounts, and we even give barangay summon letters to members who does not respond to our follow ups. We are appealing to our members to pay their loan obligations on time. Together, we will stop or at least minimize delinquency.

In spite of these achievements, the branch’s staff consistently work hard to even multiply these successes as our first year anniversary approaches. On behalf of JC Aquino staff, we would like to extend our heartfelt gratitude to our dear members for your valuable support and continuous confidence to MSU-IIT MPC. We look forward to another prolific 2013.

MSU-IIT MPC Butuan- J.C. Aquino Branch successfully opened last March 8, 2012. Its continued success paved the way to open a second branch in Butuan City. The Management chose to open Butuan’s second branch in Langihan. This is the place in Butuan City where its wet market, “taboan”, small and medium grocery stores, furniture stores, appliance stores, and several other income generating establishments are located.

MSU-IIT MPC-Langihan Branch was officially opened last October 18, 2012. It was attended by the Coop’s Management Committee headed by the CEO, Engr. Deal Noel D. Benegrado and COO, Mr. Renan P. Diaz. The branch was softly opened one month before its grand opening. Several members were also invited along with the others that are interested to join the cooperative. The opening ceremony started with a motorcade participated by the ManCom, J.C. Aquino and Langihan Branch staff and some of the members of the newly opened branch. The motorcade was followed with a fun and short program. Speeches from the CEO, Member of the BOD Ms. Nina Flor B. Batara and some of the members of Langihan Branch was heard to inspire Langihan Team and its members.

The table below will show how the newly opened branch had run its operation three months later its opening. Since a lot of cooperatives and micro-finance institutions are operating in Butuan City and Langihan Branch is just starting, the Team rigidly conduct PMES on site and in the office. To date, the branch has 331 active members and with zero delinquency from the borrower-members. The Team continually do its massive membership recruitment through visiting establishments in the area, one on one talk with prospect members and visibility in the area (minor sponsor in a chosen event in the city).

Reported by:

Shergie B. Oclarit Jonathan F. Silvosa Branch OIC Branch OIC MSU-IIT MPC – JC AQUINO MSU-IIT MPC – Langihan

CLUSTER 5

Act Bud % Act Bud % Act Bud % Assets 8.21 10 82 3.30 2.63 125 11.51 12.63 91Deposits 2.75 3 92 0.57 0.75 76 3.32 3.75 89Share Cap. 2.60 2 130 0.60 0.50 120 3.2 2.5 128Loan Rel. 14.96 18 83 4.18 6.00 70 19.14 24 80Gross Rev. 1.28 1.24 103 0.17 0.31 55 1.45 1.55 94Exp. 2.58 7.02 37 0.54 0.55 98 3.12 7.57 41Net Surp. -1.30 -5.78 129 -0.37 -0.240 65 -1.67 -6.020 28Membership 1,415 600 236 256 200 128 1,671 800 209PAR (%) 4.47 2 -224% 0.00 2 100 1.12 1.00 89COOP- PESOS (%) 62 60 103 53.60 62 86 38.53 40.67 95

CLUSTER 5

JC Aquino Langihan CONSO2012 2012 2012


A. High School• English : J-roel B. Semila• Math : Mechu Charity T. Colot• Science : Chris T. Sagarino

: Paul Patrick L. Guanzon• Filipino : Mirasol S. Miquiabas

1. Differentiated Instruction 102: The Differentiated Teaching Strategies & Assessments at Lyceum College, Iligan City last February 16, 2013• Administrator : Alethea Barbra B. Balag• English :J-roel B. Semilla• Math :Mechu Charity T. Colot• Science :Joanna Lou A. Layar and paul Patrick L. Guanzon• Filipino :Mirasol S. Miquiabas

In addition, teachers of MSU-IIT Coop Academy have upgraded their educational qualifications by enrolling to master’s degree program. Data below shows the percentage of their professional growth. With the support of the management, Coop Academy is looking forward for more accomplishments to both students and faculty.

God bless us all.

Ms. Hazel Bliss G. MediodiaPrincipal

MSU-IIT COOP ACADEMYThe MSU-IIT Coop Academy is continually upholding its quality education. In fact, our students had participated in several competitions for their exposure and development. The table below shows the events they had joined in.

Dates Competitions /Activities Awards/ Recognition

Sept. 7 – 9, 2012 CINEMO 2 Short Film Festival 2012 • Special Citation• Most Likes in Facebook • Male Star of the Night • Female Star of the Night

Sept. 6 – 7 ,2012 Division Schools Press Conference • 4th Place Secondary Feature Writing English Category Sept. 6 – 7 , 2012 Division Schools Press Conference • Best in Infomecial Secondary Radio Broadcasting Filipino

Category Sept. 17, 2012 Histolympiad 2012 • 2nd Runner - Up (1st Group)

• And Finalist (2nd Group)Oct. 13, 2012 YAPIS • Champion Sabayang Pagbigkas

• 1st Runner –Up Storytelling• 2nd Runner - Up Quiz Be

August 4, 2012 University of the Philippines College Admission Test (UPCAT)

• Binladin Ali Balt – passer with any Degree program available

September 2012 IDS Entrance Exam • Top 23 passer – Andrei L. Tan• Passer – Alinor H, Laut

September 2021 MSU-System Admission Scholarship Exam (MSU-SASE)

• 67% passers• Top 16 Passer - Binladin Ali Balt

January 24, 2013 Press Conference Regional Level • Participant

Moreover, the faculty of MSU-IIT Coop Academy are dynamic and enthusiastic to teach further, extending beyond their teaching job as a proof of their passion to teaching. As for their development, the management had sent them to seminars in relation to teaching to sustain quality education. Below are the participants who attended the seminars.

1. Seminar Workshop on Formative Assessment at Capitol University, Cagayan de Oro City on January 12, 2013• Agnes B. Gebone• Hazel Mae B. Ongue• Marylene A. Kinilitan• Janice C. Pitogo• Mechu Charity T. Colot

2. DepEd Memo on Reorganizational Meeting of private School last January 24, 2013• Hazel Bliss G. Mediodia

3. 2nd Congress Private Schools Administrators and Operators at Pearlmont Hotel, Cagayan de Oro last January 30, 2013

• Hazel Bliss G. Mediodia• Linn Antonette L. Longgakit

4. K to 12 Rationale and Transition: Curriculum Instruction, Assessment at Liceo de Cagayan University Last February 9, 2013

A. Administrator : Linn Antonette L. LonggakitB. Elementary

• English : Libly T. Generaole• Math : Mark Anthony L. Arceo• Science : Hazel Mae B. Ongue

: Joanna Lou A. Layar• Soc. Studies: Marylene A. Kinilitan

0

20

40

60

80

100

LET PASSER Masters Program (wihtUnits)

Seminars Attended

PreSchool

Elementary

High School

0

20

40

60

80

100

LET PASSER Masters Program (wihtUnits)

Seminars Attended

PreSchool

Elementary

High School


2012 Year End ReportThe establishment of Coop Life Assurance Center in MSU-IIT MPC was just one of the strategies of CLIMBS with the intention of bringing CLIMBS’ services closer to as many coop members as possible. MSU-IIT MPC is in the right track in partnering with CLIMBS in its insurance. In fact, our Assurance Center contributed a lot not only to our members but to the coop itself. To prove this, we are posting areas with positive fallout, thus:

Revenue

Gross premium --------------------------------P 20,165,682.65

Commission Income--------------------------- 4,532,338.31

Int. Income from deposited investment---- 293,298.38

Total Revenue----------------------------------- 5,443,922.19

Total Expenses -------------------------------------------- 1,867,431.12

Net Surplus ------------------------------------------------ 3,576,491.07

Investment ------------------------------------------------ 995,536.27

Total Asset ------------------------------------------------ 13,659,741.80

Other areas:

On Claims

Fast processing of claims

Deceased clients/insured whose deaths are contestable were given an Ex-gratia proceeds considering that they are coop members

On Products

New products which are low-cost are introduced (Coop Aksi)

Introduction of Non-life Products (Fire/Motor Car/Surety Bond)

Hasty response on queries

Installation of system (Policy Issuance)

In behalf of the MSU-IIT MPC and Coop Life Assurance Center, we would like to thank our members/clients for their continued support and patronage on our products and services. May this year 2013 will bring the best in all of us. God bless us all!

Jorge G. Cloa CLAC/Coop Care Manager

COOP LIFE ASSURANCE CENTER


COOP CAREYear-end Report of 2012

Our COOP CARE is now on its 2nd year in rendering health services to our members. Plushealth as one of the components of its services have 9,604 enrollees. Three Hundred Eighty Eight (388) of which were able to avail the In-patient benefits and 500 members have availed the laboratory package. So far, the operation of the COOP CARE is doing well. We have one (1) fulltime staff and two (2) doctors (MD) as our Gatekeepers. For outside Iligan City Branches, we refund their consultation fees in the amount of Two Hundred Fifty Pesos Only (Php250.00) per availment (limited to 3 consultations including their dependents). We also added one declared dependent to avail the Five Hundred Pesos (P500.00) per day for in-patient for a maximum of six (6) days or P 6,000.00.

In I-GROUP, the management is proud to say that for 3 years, our partnership with Philhealth is going on stronger. We are much thankful to the management of Philhealth who give chance to the members of MSU-IIT MPC to avail their special program. From January to September 2012, there were 178 members who were able to avail the hospital benefit under the I-Group. As of December, 2012 we already have 1, 502 enrollees. Management is working hard to increase the enrollment to 2, 450 so that we can avail the lock-in and also avail contribution discount and be classified as “GOLD” I-Group.

For the Healthy Life Program Component (HLP), COOP CARE have conducted the 1st MSU-IIT MPC FUN RUN (open category) last October 14, 2012 5:00 o’clock in the morning. There were 1,200 participants from the different categories. The management of the COOP CARE has planned to conduct yearly activity for the wellness of the members.

With the positive impact and satisfying result of the program the management encourages the members who are not yet enrolled in COOP CARE to avail these special services of the coop.

Thank you very much.

Cooperatively yours,

Prof. JORGE G. CLOA

CLAC/COOP CARE MANAGER

Noted by:

Engr. Roberto E. Salarza Ms. Niña Flor Batara

COOP CARE Oversee COOP CARE Oversee


Dear Fellow Cooperators,

The Audit Committee and Internal Audit Team hand in hand conscientiously carried out our respective duties and responsibilities to safeguard the members’ interest in the Cooperative.

A. Internal Audit Unit

The Internal Audit Unit , composed of Internal Auditors - Ms. Berlyn O. Molina, CPA and Ms. Charlotte G. Interone, CPA, has conducted audit fieldwork to fifteen ( 15 ) branches on Liabilities and Owners’ Equity.

B. Audit Committee

B. 1 Evaluation of Internal Audit Unit

As the supervising body of the Internal Audit Unit, the Audit Committee evaluated the unit’s performance after a year of existence. The Committee made recommendations to the Board of Directors for the recruitment of additional three ( 3 ) internal auditors and appointment of Audit Head from the existing audit team which will make unit with a Audit Head and four internal auditors who will be assigned to the different clusters to respond to the increasing number of branches of the Cooperative.

The Committee also recommended for an exclusive room for Internal Audit Team where documents / records / files can be safely kept and their access be limited to internal auditors only.

B.2 Directors, Officers, Staff and Related Interests (DOSRI) Accounts

The Committee conducted regular examination on the accounts and close monitoring on their movements. Loan release and collection policies were reviewed to determine if properly implemented. Appropriate recommendations were made for management implementation to secure the loans receivables.

B.3 AUDIT TRAINING

The Audit Committee, Internal Audit Team and Ms. Loradel B. Pabillar, Accountant, attended the Audit Training on December 27-28, 2012 at MSU-IIT MPC Head Office. Resource speaker was Ms. Sharon Marie Dy of Education, Training and Consultancy of NATCCO. It was designed to orient current audit practices and procedures for cooperatives, internal controls and techniques in detecting frauds . The two-day training has been very helpful for the teams to formulate controls.

Our heartfelt gratitude to all of you for your faith as guardian of your interest. May God bless us always!

AUDIT COMMITTEE REPORT


“We can never get a re-creation of community and heal our society without giving our citizens a sense of belonging.” (Patch Adams) Our dear MSU-IIT NMPC is not only concerned with its members but also to the entire community we partake. Together with the growth of our cooperative, the CCSR was tasked to ensure that even the community would be benefited through gearing it toward upliftment. Presented below are the trainings and seminars undertaken by the community for the past

year.

MSU-IIT-NMPC’s LISTS OF TRAININGS CONDUCTED/FACILITATED/ASSISTED FOR 2012In coordination with DTI, CDLO, & CAgO, Iligan City(Submitted by: Maria Lourdes S. Sabido-Tiongco)

DATES CONDUCTED TITLE OF TRAININGS PARTICIPANTS/VENUE

MAY 28-30, 2012 ART OF FLOWER ARRANGEMENT AND Cryslal Inn, San Miguel, ENTREPRENEURSHIP Iligan City to Sendong Survivors

JUNE 05, 2012 SEMINAR WORKSHOP ON ENTREPRENEURSHIP Bgy Hall, Hinaplanon, I.C. DEVELOPMENT & BEST GAME for Sendong Survivors

AUG. 9, 2012 Bangus Deboning & Noodle Making ALS-Mahayahay, Iligan City SEPT. 18-19, 2012 TECHNOLOGY TRANSFER TRAINING ON WATER RIC Kabacsanan, HYACINTH AND ABACA FIBER SHEET, ROPE MAKING Suarez, & Palao AND PRODUCT DEVELOPMENT

OCT. 23-24, 2012 SKILLS TRAINING ON KAKANIN FOOD PROCESSING, Sta. Filomena PRICING AND COSTING AND GOOD MANUFACTURING Cooking Women PRACTICES Asso.

NOV. 27-29, 2012 OTOP PRODUCT DEVELOPMENT-ABACA FIBER Kabacsanan, Tubod, CARPET /RUG MAKING TRAINING Ditucalan, Sta. Filomena

NOV. 29, 2012 SEMINAR ON GENDER EQUALITY/GENDER Food Processors, INTEGRATION IN THE WORKPLACE PABAHANDI, IAHA

The MSU-IIT NMPC thru CCSR and Gender Committee in coordination with the Department of Trade and Industry, Cooperative Development & Livelihood Office of Iligan City conducted the above listed trainings, seminar –workshops to different participants, like Sendong survivors, food processors and handicraft makers of Iligan City.

Per training was participated by around 15-20 participants both male and female. The facilitators make sure that after each skills training, the participants were also taught on how to start their own businesses, identify business opportunities and assess their personal entrepreneurial competencies. The trainings also helped the participants learn and understand how the business operates through the BEST Game Module.

In general, the participants were so happy and rated each training/seminar/workshop excellent for they really learned a lot as indicated in the evaluation sheet they submitted. Per monitoring conducted by DTI and CDLO, 90 percent of the beneficiaries continued their businesses at present. By God’s will and your continuous support, the Committee on Cooperative Social Responsibility will continue its advocacy in creating positive impact and sustainable development into the community.

COMMITTEE ON COOPERATIVE SOCIAL RESPONSIBILITY REPORT

Ermilinda Tobias, Ph.D.Director, CSR Chair

MSU-IIT MPC Pakigsayud2013 2013 Annual Representative Assembly

Committees

34

Relief Operations

Fish Cage Project

Disaster Response Forums

Bayug Island AcquaintancePark (A Proposal)

Tree Growing

Trainings


Dear COOP members:

The year 2012 was declared by the United Nations as the International Year of Cooperatives. Our COOP four cluster assemblies last September 15, 22, and October 6, 13, 2012 adopted the theme “COOPERATIVE ENTERPRISES BUILD A BETTER WORLD”. For the year 2013, our COOP adopted the theme ”GROWING SOCIAL ENTERPRISES, BUILDING COMMUNITIES”. This is in support of the 2012 theme and is MSU-IIT NMPC’s way of keeping our COOP relevant to the needs of our members and the community as embodied in our 5-year strategic plans for 2012-2016.

The activities of EDCOM for the whole year 2012 supported the education and training needs of all stakeholders in our COOP in line with the above-mentioned theme. Seminar-workshops were conducted on “Leadership & Good Governance” for those aspiring to elective positions in our COOP; and the “Cooperative Leadership and Role of Branch Council Officers” for those newly elected members of the BOD and members of the branch council in order to orient them their respective roles as officers. The “COOP PMES Trainors Training & Workshop” was also conducted for our MDO’s (Member Development Officers) so that there will be a common/uniform format and contents in the conduct of our Pre-Membership Education for all branches in support of our branching strategies. In these workshops, we have included some concepts on whole brain thinking and leadership so that our leaders will be able to relate more fully to the various needs of the members of our COOP. There is also the need to continue with the conduct of the “Financial Literacy Seminar” for the members of our COOP staff as well as the general membership.

EDCOM also recommended some changes in the contents of the mid-year issue of the PAKIGSAYUD. EDCOM suggested that the mid-year / cluster assembly issue of the PAKIGSAYUD should include only operational accomplishments of the head office (CEO & BOD Chair reports), its branches, & allied services, except HOUSING with its on-going coop housing project for the members. The reports of the branch managers should be also done on a Cluster basis. Other committee reports of EDCOM, ELECOM, AUDIT, GENDER, YOUTH, CSR, GOVERNANCE, and FINANCE & INVESTMENT are to be reported in the ARA PAKIGSAYUD.

EDCOM also proposed to the BOD some revisions in the policy guidelines regarding attendance of COOP officers in the annual general assembly of the various apex federations such as NATCCO, MASS-SPECC, CLIMBS, CUIC. EDCOM also made policy recommendations in the annual Lakbay-Aral of COOP staff members so as not to sacrifice the day-to-day operations of the COOP.

EDUCATION COMMITTEE REPORT


MSU-IIT MULTI-PURPOSE COOPERATIVE

Summary of Trainings/Seminars/Conferences Attended by Officers, Management, and Members

JANUARY – DECEMBER 2012

Date Venue Activity ParticipantsJanuary 11-13, 2012 Cagayan de Oro City Managing Liquid Funds in

Uncertain TimesRodolfo B. Trinidad and Renan P. Diaz

January 13, 2012 Cagayan de Oro City PEF and NATCCO Forum on Mak-ing Coop Climate Smart

Charisma A. Lugatiman

January 18-20, 2012 Cagayan de Oro City MASS-SPECC Leadership and Values Orientation Course

Nora A. Clar and Deal Noel D. Benegrado

March 9, 2012 Cagayan de Oro City MASS-SPECC Ownership Meeting Rommel Vincent T. Manzano, Donna Marcelle D. Impuesto, Michelle M. Sabando and Rommel T. Claro

March 10, 2012 Cagayan de Oro City 1-Koop Mindanao Forum Paulino T. Sanchez, Renan P. Diaz, Mercy B. Baliling, Rommel Vincent T. Manzano, Donna Marcelle D. Impuesto, Michelle M. Sabando and Rommel T. Claro

March 14-17, 2012 Davao City Gender Equality Training Jorge G. Cloa, Renan P. Diaz, Ana B. Flores and Yani A. JimenezMarch 28 – April 1, 2012 Cagayan de Oro City MASS-SPECC Leadership Youth

CampMarie Antoinettee C. Roxas and Johanna Carla T. Pelayre

April 23-26, 2012 Manila Annual Convention of Philippine Association of Secretaries and Admin Professionals

Yani A. Jimenez

April 15, 2012 Cagayan de Oro City CUIC General Assembly Paulino T. Sanchez, Niña Flor B. Batara, Ludivina G. Carbonell, Teodula O. Rivera, Ermelinda G. Tobias, Luz G. Galda and Deal Noel D. Benegrado

April 18-21, 2012 Cagayan de Oro City Training of Trainers on Develop-ing Co-operators

Paulino T. Sanchez, Rodolfo B. Trinidad and Deal Noel D. Bene-grado

April 25-28, 2012 Cebu City CLIMBS Annual General As-sembly

Paulino T. Sanchez, Niña Flor B. Batara, Eufemio L. Calio, Wilfredo A. Dimamay, Maria Lourdes S. Tiongco, Rodolfo B. Trinidad, Jorge G. Cloa, Deal Noel D. Benegrado, Mae A. Diaz, Joanne T. Plariza, Michelle M. Sabando, Rommel T. Claro and Shergie B. Oclarit

April 27, 2012 Cagayan de Oro City Micro Insurance Seminar Jorge G. Cloa and Renan P. DiazMay 3-6, 2012 Davao City MASS-SPECC General Assembly Paulino T. Sanchez, Niña Flor B. Batara, Eufemio L. Calio, Ludivina

G. Carbonell, Ricardo C. Enguito, Marie Antoinettee C. Roxas, Rodolfo B. Trinidad, Nora A. Clar, Cheryl C. Encabo, Aida S. Cortes, Aileen Ramilo, Johanna Carla T. Pelayre, Deal Noel D. Benegrado, Renan P. Diaz, Ana B. Flores, Philip Garry C. Modnragon, Rommel Vincent T. Manzano, Donna Marcelle D. Impuesto and Ian N. Aleman

May 21-23, 2012 Cagayan de Oro City CLIMBS Life and Non-Life Insur-ance Training

Jingle Anne M. Monsubre and Kena Cresencio A. Ewican

May 22-26, 2012 Cebu City NATCCO Youth Congress Marie Antoinettee C. Roxas and Johanna Carla T. PelayreMay 23-27, 2012 Cebu City NATCCO Annual National Forum Rodolfo B. Trinidad



May 24-28, 2012 Cebu City NATCCO General Assembly Roberto E. Salarza, Wilfredo A. Dimamay, Nora A. Clar, Roberto AU Dangkulos, Atty. Earl Charito J. Ruelo, Luz G. Galda, Evelyn S. Basa, Lea Alagar, Deal Noel D. Benegrado, Carmelita N. Gallo, Nestor D. Lacastesantos Jr., Mercy B. Baliling, Charisma A. Lugati-man, Janet A. Hernandez, Leila A. Trinidad and Beatriz L. Caliso

May 31 – June 1, 2012 Cagayan de Oro City CLIMBS Institute for Financial Literacy Course

Paulino T. Sanchez and Deal Noel D. Benegrado

June 6-9, 2012 Cebu City AWCF Meeting Ludivina G. Carbonell and Ana B. FloresJune 7-9, 2012 Cagayan de Oro City MASS-SPECC Developing Co-

operators CourseRoberto E. Salarza, Rodolfo B. Trinidad, Dominico B. Jumawid Jr. and Janet A. Hernandez

June 9-12, 2012 Camiguin CYP 2nd Youth Leadership Train-ing

Marie Antoinettee C. Roxas and Johanna Carla T. Pelayre

June 21-23, 2012 Bukidnon MASS-SPECC 4th Annual Clubs Summit

MSU-IIT MPC Employees

June 22-23, 2012 Cagayan de Oro City Joint BOD and Managers’ Forum Paulino T. Sanchez, Rodolfo B. Trinidad, and Deal Noel D. Bene-grado

June 27-29, 2012 Cagayan de Oro City CLIMBS’ Fourth Course of General Managers’ Training

Deal Noel D. Benegrado

July 7, 2012 Cagayan de Oro City AASHPI-Northern Mindanao Meeting cum Learning Session

Hazel Bliss G. Mediodia and Abegail F. Yamba

July 17, 2012 Cagayan de Oro City Cooperative Regional Conference Paulino T. Sanchez and Deal Noel D. BenegradoJuly 18, 2012 Cagayan de Oro City WSI and Dataworld IT Caravan Aldie P. AliaJuly 19, 2012 Iligan City Tax Forum Loradel B. Pabillar, Berlyn P. Molina, Charlotte G. Interone, Liza

Lorraine A. Cabasan, Lydia B. Borces, Niña M. Serbo, Marly N. Burlat, Amellie J. Ceniza, Arien D. Ang-ug, Adrian S. Basa and Janice E. Alvarado

July 19-20, 2012 Quezon City NATCCO Central Fund Meeting Deal Noel D. BenegradoJuly 22-27, 2012 Vigan and Antipolo Cities NAPC Third Quarter Meeting and

AWCF Monitoring ForumDeal Noel D. Benegrado

July 24-27, 2012 Antipolo City AWCF Monitoring Forum Teodula O. RiveraAugust 10, 2012 Cagayan de Oro City PICPA Forum on Common Errors

of Accountants in the field of Taxation

Loradel B. Pabillar, Berlyn P. Molina, Charlotte G. Interone and Niña M. Serbo

August 10, 2012 Cagayan de Oro City 1 Koop Mindanao Meeting Paulino T. Sanchez and Deal Noel D. BenegradoAugust 12-16, 2012 Antipolo City Becoming Whole Brain Leaders

Series 1Paulino T. Sanchez, Roberto E. Salarza and Deal Noel D. Bene-grado

August 29, 2012 Iligan City Customer Intimacy as strategy for Service Excellence

Jessel Mae E. Mahinay

September 3-9, 2012 Manila ACCU Forum Nora A. ClarSeptember 6-9, 2012 Manila ACCU Forum Roberto E. Salarza, Deal Noel D. Benegrado, Rizalee T. Mesias and

Aiza Fe M. DaleonSeptember 15-16, 2012 Cagayan de Oro City CYP Representative Meeting Marie Antoinettee C. Roxas and Johanna Carla T. PelayreOctober 5-16, 2012 Quebec, Canada International Youth Forum Marie Antoinettee C. RoxasOctober 10-12, 2012 Cagayan de Oro City 11th National Coop Summit Ermelinda G. Tobias, Deal Noel D. Benegrado, Renan P. Diaz,

Aileen Grace Ramilo and Restituto AbuanOctober 13, 2012 Cagayan de Oro City Signature Identification and

Fraud DetectionMa. Sylvie J. Besario, Antonietta L. Yusuf and Mae Desiree L. Luste



October 14, 2012 Cagayan de Oro City Counterfeit Money Detection (Phil Peso including New Gen-eration Currency and US Dollars) and BSP Updates

Kathleya Jane B. Cardines, Doris Amor A. Emperio, Renante P. Danila, Fedilyn C. Cargo and Ana B. Flores

October 14-18, 2012 Plaridel, Misamis Occidental AWCF Advance Training for GFPs Ana B. Flores and Yani J. LacbayenOctober 20, 2012 Cagayan de Oro City Anti Money Laundering Act

(AMLA) and Reporting Proce-dures

Rommel Vincent T. Manzano, Nestor D. Lacastesantos Jr. and Ana B. Flores

October 22-23, 2012 Iligan City Records Management Training Ryan D. SasilOctober 23- 25, 2012 Cagayan de Oro City CLIMBS Basic Non-Life and

Claims/Motorcar Orientation Seminar

Donna Marcelle D. Impuesto

October 24, 2012 Cagayan de Oro City CLIMBS Basic Non-Life and Claims/Motorcar Orientation Seminar

Rommel Vincent T. Manzano

October 24-26, 2012 Iligan City Developing Cooperators TOT Niña Flor B. BataraOctober 26-27, 2012 Cagayan de Oro City MASS-SPECC Ownership Meeting Ludivina G. Carbonell, Wilfredo A. Dimamay, Ricardo C. Enguito,

Teodula O. Rivera, Deal Noel D. Benegrado, Donna Marcelle D. Impuesto, Michelle M. Sabando and Rommel T. Claro

November 6-9, 2012 Tagum City AWCF Monitoring Forum Ludivina G. Carbonell, Teodula O. Rivera, Deal Noel D. Benegrado and Ana B. Flores

November 12-16, 2012 Antipolo City Becoming Whole Brain Leaders Series 1

Wilfredo A. Dimamay and Abegail F. Yamba

November 15-17, 2012 Cagayan de Oro City Annual Business Planning ManagementNovember 19-21, 2012 Quezon City Central Fund EXECOm Meeting Deal Noel D. Benegrado and Renan P. DiazNovember 24, 2012 Cagayan de Oro City Strategic Salesmanship Module

1 TrainingArnold Brian A. Lumanta

November 23-25, 2012 Samal Island, Davao MASS-SPECC Trainors’ Conference Roberto E. Salarza, Niña Flor B. Batara, Eufemio L. Calio, Rodolfo B. Trinidad, Deal Noel D. Benegrado and Janet A. Hernandez

December 4-7, 2012 Manila Public Awareness Conference on Gender Equality

Eufemio L. Calio, Ludivina G. Carbonell and Ana B. Flores

December 7-8, 2012 Iligan City PMES Trainors’ Training Membership Development OfficersDecember 11, 2012 Iligan City PICPA Year-end Adjustments and

Other Tax UpdatesLoradel B. Pabillar and Berlyn P. Molina

Submitted by:

Engr. ROBERTO E. SALARZA Vice Chairperson, BOD, and EDCOM Chairperson



I. Total number of Members in Good Standing (MIGS) as of September 30, 2012 from all branches of MSU-IIT NMPC was 18,943. We randomly selected at least 10% of MIGS from each branches during Branch Cluster Assembly. A total of 1,900 ARA Representative were randomly selected for the Annual Representative Assembly on March 23, 2013.

II. The Constitutional Election for Board of Directors, Committees and Branch Council Officers will be on March 11-14, 2013. As per BOD Resolution No. 6932- 121812 the number of seats for ELECOM and SUPCOM were increased from three(3) to five(5) seats. The following are the qualified candidates:

Board Of Directors

Faculty Sector Staff Sector Community Sector

1. Nora A. Clar2. Gilbert B. Cagaanan3. Ramon C. Ferraris4. Roberto E. Salarza5. Ermelinda G. Tobias

1. Wilfredo A. Dimamay2. Michael Alain J. Mamauag3. Susan D. Positos4. Emmanuel C. Villanueva

1. Ruby G. Abragan2. Jajji F. Actub3. Emma A. Nieva4. Rodolfo B. Trinidad

III. Constitutional Committees

ELECOM SUPCOM1. Elmer G. Borling2. Cherry Flor A. Clitar3. Cheryl Cabili Encabo4. Jingle B. Magallanes5. Myrna S. Mahinay

6. Odyssa Natividad M. Molo7. Ofelia M. Japzon8. Alex G. Palomares9. Josefina C. Omero10. Emma P. Yecla

1. Myrna P. Calo2. Ludivina G. Carbonell3. Roly Ann A. Claro4. Luz G. Galda5. Anneth U. Lapojapo6. Juliet C. Tero

Branch Council Officers

Tibanga Branch

1. Joel A. Barrera2. Allan P. Bicada3. Marc T. Claro4. Ernesto E. Empig5. Lowell D. Pamatong6. Muhammad M. Puting7. Roque B. Requino

Palao

1. Elizabeth L. Edmilao2. Suprima B. Opada3. Jim D. Pineda4. Rebecca I. Tocson5. Beverly Anne S. Widmaier6. Fe Magallon

Manticao

1. Aida J. Alavanza2. Ediza E. Baang3. Anne M. Bacadon4. Raul R. Ledesma5. Jose P. Padin6. Marfelie A. Revelo

Buruun (3 Slots)

1. Florita R. Alcover2. Fe J. Cagaanan3. Adelina P. Delos Reyes4. Vincent A. Sarol5. Lovella D. Tomarong

Suarez

1. Lorna P. Dailisan2. Milagros L. Otero

Carmen

1. Nenette L. Dumasis2.Chona D. Figueroa

Bulua

1. Rosenda M. Bonilla2. Reynaldo E. Ostique

Puerto

1. Alvin Dave L. Go2. Ma. Rhiza M. Miquiabas

Cogon

1. Concha D. Baylosis2. Priscilla R. Cablinda3. Geraldine S. Ederango

Tubod (Iligan)

1.Amparo C. Encabo2.Teresa B. Paclibar3.Sirikit M. Rojo

Maranding

1. Juan C. Mangcao2. Haida S. Nopon3. Marites G. Procianos4. Meriam L. Yap

Poblacion

1. Beverly E. Bulawin2.Liza B. Elnas3. Jeanie M. To-ong4. Teresita B. Villamor

Kiwalan

1.Garibalde J. Borja2. Gladies A. Galanza3. Judelyn M. Salon

IV. This year, the ELECOM will institutionalize computerized elections as approved by the BOD. But before implementation, piloting this technology will be done to selected COOP branches within Iligan City.

ELECOM REPORT

AIDA S. CORTESELECOM Chairperson


FINANCE & INVESTMENT COMMITTEE REPORT

The Finance and Investment Committee’s (FIC) key responsibility is to ensure the effective planning and scrutiny of financial matters and decisions that the Board has determined should be reserved to the Board. The Committee has a term of one year for fiscal year 2012-2013. The committee has reviewed the past years activities and strengthened the Committee’s role in ensuring effective governance arrangements around capital investments.

The committee chairman was endorsed by our honourable board to MASS SPECC, our coop federation, in his second term as a member of the federation’s finance and investment committee and fortunately chosen as the Chairperson of the said committee.

Ms. Nora A. Clar is our current Treasurer, appointed by the honorable board, with a term of one year for fiscal year 2012-2013. She is automatically a member of this year’s committee.

I. Governance and Compliance

The Board has delegated to this Committee the responsibility and authority to make decisions on behalf of the Board in the Committee’s defined area of responsibility, except to the extent that such authority has been specifically limited by the Board. The Committee meets twice a month as part of its governance responsibility for oversight and implementation of the investment policy. The members, thru the recommendation of the FIC chairperson, shall be appointed by the Board and shall serve for one (1) year or for this fiscal period of 2012-2013. The members of the FIC may be removed, with due course, by a majority vote of the Board of Directors.

The Investment Committee:

a) Determines and reviews the Cooperative’s budget as presented by the management;

b) Recommends financial guidelines and policy;c) Work with staff to design financial reports;d) Oversights investments;e) Advises the Board on the financial priorities;f) Monitors the actual revenues and expenditures against budget forecast and

recommending to the Board any adjustments that it deems necessary;g) Recommends to the Board on the selection, appointment and removal of

fiduciaries for the Cooperative’s Special Savings and Credit Protection Plan in line with government circulars and issuances;

h) Retains outside legal, accounting or other advisors as deemed necessary or appropriate in the performance of its duties, including the authority to recommend to the Board the fees payable to such advisors and any other terms of retention; and

i) Recommends to the Board the designation of officers and employees of the Cooperative who can execute documents and act on behalf of the Cooperative in the ordinary course of business pursuant to the approved credit and savings policies, borrowings and other financing agreements.

lI. List of Current Committee Members and institutional affiliations:

1) Dir. Rodolfo B. Trinidad of Mindanao State University at Naawan, a Doctor of Management (CAR), Masters in Public Management and Certified Public Accountant, in his second year as Committee Chairperson and MASS-SPECC Finance & Investment Committee Vice-chairperson.

2) Dir. Wilfredo A. Dimamay of MSU-Iligan Institute of Technology, an Engineer, IT Expert and a businessman, in his second year as Committee member and Vice-chairperson.

3) Dir. Eufemio L. Calio of St. Peter’s College, a businessman and Doctor of Public Administration, in his first year as Committee member.

4) Dir. Ricardo C. Enguito of MSU-Iligan Institute of Technology, a Masters in Public Administration, in his first year as Committee member.

5) Prof. Nora A. Clar of MSU-Iligan Institute of Technology, BOD Treasurer.6) Mr. Renan P. Diaz of MSU-IIT MPC, Chief Operating Officer.

7) Ms. Loradel Pabillar of MSU-IIT MPC, Coop Accountant.8) Ms. Rizalee T. Mesias of MSU-IIT MPC, Research Development & Marketing Officer.9) Ms. Ana B. Flores of MSU-IIT MPC, Special Savings Specialist

The BOD Chairman Dir. Paulino T. Sanchez and Chief Executive Officer Engr. Deal Noel Benegrado are ex-officio committee members.

III. Budget and Financial Issues

The Committee did not incur expenses in fiscal year 2012-2013, other than the standard honoraria and meals of members to every meeting.

IV. Activities for this period

a) Reviewed, adopted and acted the proposed 2012 budget of the cooperative.b) Acted favorably the new scheme of our Special Savings products and approved by

the board as presented.c) Acted favorably on external placements of excess funds from the different

branches and were placed in affiliated coop federations and to other commercial institutions.

d) Meetings with management for any realignments of the budget that will concur with the generally accepted accounting principles for the cooperative.

Highlights of Operation:Share Capital P 216.49 MSavings Deposits 204.94 MTime Deposits 141.00 MTotal Assets 842.71 MTotal Receivables 482.93 MMembership: Regular 40,597 Associate Members 17,097

V. Investments and Highlights of Operation as of December 2012 (Unaudited figures)

Investments were placed to our affiliated federated cooperatives and to other commercial institutions to manage our excess funds which have earnings that yield from 8% to 20% annually.

Short & temporary term investments P 120.26 MLong term investments 90.52 MInter-branch investments 62.53 MOthers – Pryce Lots 0.42 MTotal P 273.73 M

Prepared by:

DIR. RODOLFO B. TRINIDAD FIC Chairperson

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 41GENDER COMMITTEE REPORT

Greetings to all co-operators of MSU-IIT MPC!

As we recall the past years, we had encountered various experiences: trials, circumstances, especially in the year 2011 and 2012 by Tropical Sendong and Pablo. By the grace of GOD our Almighty, we have overcome those sad experiences.

As we welcome 2013, we have to forget those things, and reaching forward to the promise with great hope, confidence and strength from the LORD.

The Gender Committee wishes to moved forward our programs and activities in attaining our vision & mission for the benefit of our members, staff & officers. We had undergone activities such as seminar workshop, trainings, forum, and conferences for July - December 2012:

1. Trainers Training for Gender Equality conducted by Asian Women in Co-operative Development (AWCF) held on July 12-14, 2012 at MSU-IIT MPC Building, Palao, Iligan City

2. 3rd AWCF-SCC (Asian Women in Co-operative Development - Swedish Cooperative Center) Forum Monitoring Forum held on July 25-26, 2012 at Antipolo City

3. Advance GFP Training on Gender Analysis and Planning conducted by AWCF held on October 14-17, 2012 at Paglaum MPC, Plaridel, Misamis Occidental

4. 4th Monitoring & Strategic Planning Workshop sponsored by AWCF held on November 7-10, 2012 at Casa Leticia, Davao City.

5. Livelihood Training on Abaca Fiber Carpet Rug Making in linkage with Department of Trade and Industry – Lanao del Norte Provincial Office, and GE and GAD-FEP (Gender and Development – Family Enrichment Program) held on November 27-29, 2012 at Margueries’ House of Goodies, Sta. Felomina, Iligan City

6. GE and GAD-FEP held on December 1, 2012 at MSU-IIT MPC Function Room, Palao, Iligan City.

7. Public Awareness Conference on GE: Empowering Women & Men & Coops sponsored by AWCF supported by the SCC held on December 5-6, 2012 at Gateway Suites, Cubao, Quezon City

May we have the fruitful years ahead of us. MAAYONG KOOPERATIBA KANATONG TANAN!

LUDIVINA G. CARBONELL TEODULA O. RIVERA

BOD, Gender Committee Chairperson BOD, Gender Committee Vice Chairperson

MEMBERS:

Renan P. Diaz, COO Dr. Eufemio L. Calio, BOD Jorge G. Cloa, CLAC Manager Nora A. Clar, Treasurer Ana B. Flores – Focal Person Yani J. Lacbayen – Alternate Focal Person

Ex-Officio Members:

Engr. Paulino T. Sanchez, BOD Chairperson Engr. Deal Noel D. Benegrado, CEO Dr. Emma A. Nieva, AWCF Project Manager


HOUSING COMMITTEE REPORT The Sangguniang Panlungsod of Iligan City in their regular session on July 16, 2012 issued Resolution # 12-605 for our application for preliminary ap-proval and development permit on our proposed Housing Cooperative project located at Lambaguhon, Barangay San Roque, Iligan City. Anent to this, we held the following activities:

1. Posted Tarpaulin to conspicuous places to advertise our project;

2. Groundbreaking Ceremony,

3. Orientation and Pre-Membership Seminar to interested members,

4. Introduced the project to Branch Council Members included to In-House Training,

5. Conducted Orientation to all employees,

6. Branch to Branch PMES to employees,

7. Do marketing and distribute leaflets.

Hereunder are pictures of site development & backfilling of the area:

We are active members of the organized NATCCO NEDC Housing Promising Team based in Manila comprising participating cooperatives throughout the Philippines shar-ing best practices of housing projects to partner the Pag-ibig (HDMF) for our quest to fit in their policy on housing cooperative concept patterned from Sweden.

There were four (4) phases of construction schedule and the first phase formally started on October 15, 2012. Proper evaluation and screening will be done before we award the units in accordance with the guidelines approved by the Board of Directors. As soon as we do the awarding of the units to the member takers, a housing coop will be formed as subsidiary from the mother coop.

Our involvement in the cooperative displayed Heaven’s glory in day-to-day living because no man is an island.

TEODULA O. RIVERA

Director, Housing Committee Chair

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 43PERSONNEL & AWARDS COMMITTEE

1. Coop Performance Award

Category A (to be announced) Category B (to be announced) Category C (to be announced) Category D (to be announced)

2. Branch with the lowest delinquency (to be announced)3. Branch with the highest membership _______________4. Loyalty Award

5 years - Le Ariane J. Bagares Rommel T. Claro Mae A. Diaz Donna Marcelle D. Impuesto Linn Antonnette C. Longgakit Rommel Vincent T. Manzano Joanne T. Plariza Mariza B. Rabina Edsel A. Sacabin Ma. Kristine D. Exile

10 years - Ana B. Flores

15 years - Exuperio M. Fuertes

5. Outgoing Officers

BOD - Ludivina G. Carbonell Wilfredo A. Dimamay Roberto E. Salarza Maria Lourdes S. Tiongco Ermelinda G. Tobias Rodolfo B. Trinidad

Constitutional Committees - Aida S. Cortes Restituto D. Abuan Luz G. Galda Cheryl C. Encabo

Treasurer - Nora A. Clar

Prepared by: Noted by:

Abegail F. Yamba Maria Lourdes S. Tiongco Committee Secretary Chairperson


June 23, 2012 Youth Cooperative Planning Youth Cooperative Planning was held last June 23, 2012 and it was participated by the 10 Youth Cooperative Officers and Miss Aiza Fe Daleon from the management. At the end of the whole day deliberation we had come up a whole year activity with proposed budget and some strategy in increasing youth member.

June 30, 2012 Accreditation of the New Youth Cooperative Officers The accreditation for the new Youth Cooperative Officers is done every year; it is where the new officer is given a chance to demonstrate on how he or she will conduct PMES. A panelist will then critic or evaluate the new officer whether he or she is ready and qualified to conduct PMES.

July 6, 2012 Sponsorship during the IACET Days of MSU IIT The Youth Cooperative took part of the IACET Days by sponsoring the sash for the search of Mr. and Ms. IACET. A video clip presentation of the Youth Cooperative was shown during the event. The candidates of the event became member of the Youth Cooperative.

July 10-11, 2012 Promotional Booth during MSU IIT Charter Week The Youth Cooperative joins the Organizational Booth Fair during the MSU IIT Charter Week. The 2 day event serves as promotional booth wherein we got the chance to showcase the services of the Youth Cooperative and also to recruit new youth members. During the 2 day activity, there were 13 new youth members. We had also launched membership promos for the new members of the Youth Savers and Youth Member at the Tibanga Main Branch. We are giving pouches for the new youth member and a keychain for the new youth savers.

July 16, 2012 Sponsorship during the Accountancy Week of MSU IIT The Youth Cooperative became one of the sponsors during the accountancy Week celebration. During the cultural night, a video clip was also shown which serves as an advertisement for the Youth Cooperative. The candidates of the Mr. and Miss Accountancy also became new members of the Youth Cooperative.

July 25-27, 2012 Field Campaign for Aflatoun, Youth Savers and Youth Member Together with Director Niña Batara, Aiza Fe Daleon and the Marketing Team headed by Miss Rizalee Mesiaswe visited various schools in Iligan City namely St. Peter’s College, St. Therese, and Holy Child Progressive School to campaign Aflatoun, Youth Savers and Youth Member.

July 25, 2012 Meeting with the MRDO of all branches Together with Miss Aiza Fe Daleon, we had formally introduced and discussed the guidelines of Aflatoun, Youth Savers and Youth Member to all the RDMO of all the branches. We had also discussed with them the mechanics of the membership promos to implement in all other branches just like in Tibanga Main Branch.

August 1, 2012 LAUNCHING OF THE YOUTH COOPERATIVE MEMBERSHIP PROMOS The membership promos of the Youth Cooperative for new Youth Members and Youth Savers are implemented in all other branches. The promo will last until August 31, 2012.

August 10, 2012 AFLATOUN CAMPAIGN AT SUAREZAugust 12, 2012 TREE PLANTING AND FEEDING PROGRAM

The activity was participated by 25 youth members, Dir. Teodola Rivera, and from the Head Office staff namely, Miss Jessel Mahinay, Miss Aiza Fe Daleon, Miss Anna Flores and Head Office student assistants’. We had our tree planting and growing at our housing property at Lambaguhon. After the tree planting and growing, we had our feeding program at the Brgy. Ilang-Ilang Barina-ut and at Bayug Island, in which we provided 1 cup full of Champorado for the kids and to some families in the community.

September 27-28, 2012

AFLATEEN ORIENTATION MSU-IIT MPC was piloted by NATCCO to implement Aflateen Program. Aflateen Program is a continuation of Aflatoun Savings Program we had.

December 3, 2012

FINANCIAL LITERACY SEMINAR There were a total of 35 participants during the seminar. It was a half-day activity where in youth cooperators were educated on how to manage properly their financial aspects. The seminar was conducted by Dir. Niña Flor Batara.

Marie Antoinettee C. RoxasChairperson, Youth Cooperative

YOUTH COMMITTEE REPORT

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 45YOUTH COMMITTEE REPORT

2012 INTERNATIONAL SUMMIT OF COOPERATIVES

QUEBEC CITY, CANADA

Last October 8 to 11, 2012 was the celebration of 2012 International Summit of Cooperatives held at Quebec City Convention Center, Canada. There were 2,800 representatives and future leaders of cooperatives and mutuals from 91 countries. Participants come together to engage in-depth discussions on the business challenges facing the cooperative movement. Other objectives of the event were to help facilitate networking and intercooperation, increase the general public’s awareness of cooperatives and finds concrete ways to stimulate the development of the cooperative, mutualist sector at the local, national and international levels and to increase the engagement of the youth in the cooperative. In lieu with that, I was given a chance to be one of the 13 panelists of the special forum in the event to present the involvement of the youth.

The succeeding three days from October 9 to 11, we have a Breakfast Meeting with Future cooperative Leaders held at Hilton Hotel from 7:30 to 8:30 in the morning which are participated by about 200 youth participants. The breakfast meetings was very informative, in fact one the panelist really inspired me a lot, she was Kathy Bardswick the President and CEO of The Co-operators Group in Canada. According to her, “Young leaders are not just our future leaders. They needed to be engaged today and be given a chance to help lead the coop.” With her statement, it made me realize that we should not wait for the future to encourage other youth to be involved in the cooperative but let us start NOW, we are here NOW let us make use of the time NOW and let us include the youth in the success of our coop.

October 10, I had my presentation; my co-panelists were Emilio Miguel Almada, President Cooperative 7, Argentina, Jean-Emmanuel Bouchard, President, Coopsco, Canada and Vincent Bérubé, Project Director and Principal Associate McKinsey & Company, Canada. Each of us was given 10-minute to present about the reality of future leaders in the cooperative world, their participation, action and commitment. My presentation was about the best practices we had like savings program designed for youth, various activities and trainings for the youth and involvement of youth in the set of Board of Directors.

During my presentation, I can say that the audience were really amazed about our practices. I can see in their eyes the admiration on how we involve the youth in our coops. In fact after our forum, there were some who approached and asked me about how we organize the activities for the youth and what are our strategies to persuade youth to join in the coop. With the best practices we had, I know it had given inspiration to some coops present during the forum that they could use to strengthen their advocacy to involve the youth in their coops.

The last day of the summit was the presentation of the declarations from the delegates. As for the youth group, we commit ourselves to continue to be involved in the cooperative movement, strengthen our communications through the use of technologies and to increase the youth’s awareness about the cooperative.

Thank you and God Bless Us and our Cooperative!

Respectfully yours,

Marie Antoinettee C. RoxasYouth DirectorMSU-IIT Multi-Purpose Cooperative

THE REALITY OF FUTURE LEADERS IN THE COOPERATIVE WORLD- PARTICIPATION, ACTION AND COMMITMENT

HILTON HOTEL

PROXFIN GENERAL ASSEMBLYLÉVIS



6617-011012“Resolved, to change the position title of the General Manager (GM) to Chief Executive Officer (CEO) in the orgnizational structure of the MSU-IIT MPC”.

6625-011012“Resolved, to authorize the travel of the CEO Engr.Deal Noel Benegrado to

Davao City on January 13-14,2012, to attend and represent the MSUIIT MPC in the One Coop Mindanao Forum”

6618-011012“Resolved, to approve the 2012 salary matrix of all coop employees , as recommended by the Personnel Committee. ”

6626-011012“Resolved, to endorse the Youth Director Marie Antoinettee C. Roxas to

participate in the Youth Coop Forum in Quebec,Canada, in accordance to the endorsement of NATCCO, representing MSU-IIT MPC.”

6619-011012“Resolved, to confirm the minutes and resolutions promulgated by the

Board during the December 13,2011 regular BOD Meeting”.

6627-011012 “Resolved, to approve the request of the MSU-IIT Faculty Union for the issuance

of new certificate(s) of time deposit/s and Coop passbook(s) in their favor, subject to the appropriate cancellation and other documentary requirements showing proof of loss or unavailability of the old certificates of time deposits

and passbook(s) ”

6620-011012“Resolved, that while the MSU-IIT MPC is very desirous in extending relief assistance to all its members who were victims of typhoon Sendong, but in view of its limited resources, the areas of coverage of Coop’s relief assistance should be limited only to those barangays in Iligan City which were extremely affected by the flood such as, the barangays of Hinaplanon (Upper and Lower including Bayug Island ) , Lambaguhon, Orchids Homes Subdn., of Bgry. Santiago and Digkilaan. Resolved further that the same guidelines shall apply with respect to Cagayan de Oro City typhoon victims, covering barangays along Cagayan de Oro river, such as portion of Carmen, Balulang, Macasandig and Isla de Oro.

6628-011012 “Resolved, to authorize the Coop Negotiating Team to negotiate for the pro-

spective acquisition and purchase of the 32 sq.m. Lot owned be the Laya Family adjoining the MSU-IIT MPC to provide enough space for the perimeter fence of the Pala-o Building, the final terms of the negotiation shall be subject to the

approval of the Board”.

6621-011012“Resolved, that for those members/ victims of typhoon Sendong who were declared by the proper authorities as “missing” and pending compliance of documentary proof of death, are entitled to 10% advance monetary assistance based with their sunshine plan benefits, and subject to submission of affidavit/declaration of missing relative by the nearest kin and duly corroborated by the CSWD and/or Purok officials. Resolved, finally, the said advance monetary assistance shall be subject to appropriate deduction during receipt of the full sunshine death benefits”.

6629-011012 “Resolved, to approve the increase of the number of seats of the Board of Directors of MSU-IIT MPC from eleven (11) to thirteen (13) members as follows: two (2) non-voting ex-officios (the Chairperson Emeritus and the Youth Director), four (4) from the community, three (3) from the faculty and three (3) from the staff of MSU-IIT, and one (1) representing gender-at-large. Accordingly, for purposes of filling the vacancies during the March 2012 election of officers, the following slots shall be due for election, namely: two (2) from the community, one (1) for gender-at-large, one (1) from the staff, one (1) from the faculty, of MSU-IIT, in accordance with the ELECOM Guidelines.”

6622-011012 “Resolved, that for those Coop members affected by typhoon Sendong with outstanding payable loans are allowed re-structuring of their loans with a grace period of payment holiday for six (6) months effective January 1, 2012”.

6630-011012“Resolved, to approve the holding of the election of the Branch Council Officers in the Branches of Tubod , Poblacion (Iligan City), and Carmen (Cagayan de Oro City) during the Coop Election in March 2012 “

6623-011012“Resolved, to approve the opening of the new satellite office of MSUIIT

MPC in the Municipality of Kapatagan , Lanao del Norte, effective Febru-ary 2012, as recommended by the Chief Executive Officer (CEO)”

6631 -011012“Resolved, to approve the request of the CSR Committee to allocate a budget of P10,000, for the food expenses of the Round Table Discussion activity dated January 16,2012, 4th Floor MSUIIT MPC Building Pala-o, Iligan City“

6624-011012“Resolved, to approve the release of P2.0 million pesos as initial capital invest-

ment for the operations of Puerto Cagayan de Oro Office of MSU-IIT MPC, as recommended by the GM/CEO”.

6632-013112“Resolved, to approve the membership applications of 728 applicants and 66 withdrawals of the MSUIIT MPC for the month of November -December 2011

and January 2012 ”.


6633-013112 “Resolved, to grant authority of the BOD Secretary to sign the secretary’s certificate with respect to transfer of ownership of Coop acquired motorcycles issued to its employees which already complied with the terms of payment embodied in the pertinent MOA , and in accordance with the endorsement of the CEO pursuant to the requirement of the Land Transportation Office”.

6641-021512“Resolved , to adopt the bold points of the 5- Year Strategic Plan of the MSU-IIT MPC (2012-2016) completed on January 26-28 ,2012 Strategic Planning done by the leadership and management of the MSU-IIT MPC”.

6634-013112“Resolved, to approve the proposed Coop Leadership Seminar sponsored by the

EDCOM on February 25,2012, 4th Floor, Palao Bldg.,Iligan City”

6642-021512“Resolved, to declare that the cut-off date to determine the number of

Members of Good Standing(MIGS) be on August 31, 2011, for purposes of the necessary preparations of the scheduled 3rd Representative Assem-

bly (ARA) on March 31,2012 ”

6635-013112“Resolved, to allocate P2.0 million budget for the initial operation of the

Butuan City Branch of MSUIIT MPC as requested by the CEO”

6643-021512 “Resolved, to approve the membership applications of 411 applicants

for, and 30 withdrawals from the MSU-IIT MPC for the month of January 2012”,

6636-013112 “Resolved, to request the Finance and Investment Committee (FinCom) to conduct immediate review of the interest rates of the Coop’s special savings for a regular interval of every other year, and may recommend appropriate adjust-ments as necessary. Resolved further that the FinCom should recommend additional savings products from their review of the special savings”.

6644-021512“Resolved, to accept the offer of the Iligan City Cooperative Development

Council (ICCDC) to the effect that the MSU-IIT MPC shall be the conduit cooperative for the relief assistance coming from foreign funders

during calamity periods pursuant to pertinent ICCDC Resolution for this purpose”.

6637-013112“Resolved, to approve the resolution of the Housing Committee dated January 30,2012, together with the recommendations as follows, 1) for the Board to continue the Housing Project in Bgry.San Roque, Lambaguhon, Iligan City, 2).

For the appropriate review of the design and provide early warning system, elevate the proposed elevation and provide retaining walls in the perimeter,

3). Cover the houses and occupants with insurance and 4).review the cost and incorporate the necessary changes.”

6645-021512 “Resolved, to formally recognize the Property Division, as a separate division of the MSU-IIT MPC, which is tasked to effectively manage all the real properties and assets of the Coop in accordance with the guidelines and organizational structure to be hereinafter submitted by the Manage-ment”.

6638-013112“Resolved, to accept in principle the proposed 2012 amended Articles of Cooperation of the MSUIIT MPC presented by the Good Governance and Legal Committee subject to further approval of the same during the 2012 Annual Representative Assembly .”

6646-021512“Resolved, to declare the full and unqualified support of the MSU-IIT MPC of becoming an active member to the “1-Koop Mindanao Party” in pursuing the advocacies and cooperative agenda in Mindanao . Resolved further, to fully endorse its programs and activities including its intention to participate in the May 2013 Party-List System of representation. Resolved finally, to furnish a copy of this Resolution to the Office of 1-Koop Mindanao, MASS-SPECC building, Tiano-Pacana Streets, Cagayan de Oro City, for information and appropriate action”

6639-013112“Resolved, to approve the request of the Youth Cooperative for the allocation of P11,500 intended for the youth leadership seminar on February 2012, as

recommended by the Youth Director”

6647-021512“Resolved, to approve the budget allocation of P1.0 Million pesos as initial investment and financial contribution of MSU IIT MPC to the

I-Koop Mindanao Party-list.”

6640-021512“Resolved, to confirm the minutes and resolutions promulgated by the Board during the January 10,2012 Special BOD Meeting”.

6648-021512“Resolved, to extend the due date/ dead line of the filing of certificates of candidacy with respect to the position of branch council officers of Tubod

and Poblacion, Iligan City up to February 18,2012 .”


6649-022812“Resolved, to require the Management to have consolidated performance

report in the March 2012 Pakigsayud publication to do away with the perception of individuality among the Branch Offices”.

6657-022812“Resolved, to grant authority to the CEO Engr.Deal Noel D. Benegrado and Vice Chairperson Engr.Roberto E. Salarza, Head of the Coop Negotiating Team, to en-ter into a possible compromise agreement with the Te Family during the court mediation proceedings in relation to the case , Te vs. MSU-IIT MPC docketed as Civil case No. 06-7456, for Damages, filed in RTC Branch 6, Iligan City.”

6650-022812 “Resolved, to confirm and approve the minutes and resolutions promul-

gated during the January 31 and February 15, 2012, BOD Regular/Special Meetings.

6658-022812“Resolved, that MSU-IIT MPC hereby appoints names and constitutes the Padilla Law Offices and/or ATTY.ROBERTO C. PADILLA and/or ATTY.EDUARDO D.ULINDANG, with Office address at 3rd Floor, Padilla Building, A Bonifacio Av-enue, Saray-Tibanga, Iligan City, to be its true and lawful attorney to represent it, and appear for and in its behalf during the Pre-Trial in Civil Case No06-7456, Te vs. MSU-IIT MPC, et.al., pending before Branch 6, RTC of Lanao del Norte, to do and execute all or any of the following acts and things to wit:a). The possibility of an amicable settlement or of a submission to alternative modes of dispute resolution; b).the simplification of the issues; c). the necessity or desirability of amendments or admission of facts and documents to avoid unnecessary proof, d).the limitation of the number of witnesses; f). the advis-ability of preliminary reference of issues to a commissioner; and such other matters required under Sec.2, Rule 18 of the Revised Rules of Civil Procedure as may aid in the prompt disposition of the action”

6651-022812“Resolved, to designate Engr. Romeo S. Manzano, Jr., as Manager for the

Property Management Office (PMO)/Property Division of the MSU-IIT MPC. Resolved further, to approve the function, duties the staff, and the

organizational structure of the said Office, as presented by the CEO “.

6652-022812“Resolved, to give full authority to all Coop Branch Managers to represent

the MSU-IIT MPC, to all small claims proceedings filed in the different judicial courts in the area of operations of MSU-IIT MPC”.

6653-022812“Resolved, to approve the recommendation of the Chief Executive Officer (CEO) for the purchase of one (1) unit service vehicle to meet the growing demands of travel of the Coop personnel in relation to the expansion of Coop operations, and in accordance with the approved Capex Budget”.

6659-022812 “Resolved, to confirm and ratify the authority of VC Roberto E. Salarza and

Atty. Eduardo D. Ulindang, Head of the Coop Negotiating Team and counsel of MSU-IIT MPC, respectively, during their appearances as representatives of the

MSU-IIT MPC in the mediation proceedings of the Te vs. MSU-IIT MPC, Civil Case No.06-7486, dated February 23,2012 in the Phil. Mediation Center, Hall of

Justice Bldg.Tubod, Iligan City “.6654-022812

“Resolved, to adopt in principle, the proposed resolution for subsidiarization of the Coop Academy subject to the final approval during the 3rd Representative Assembly on March 31, 2012”.

6660-022812“Resolved, to approve the delegation of signatories for Time Deposits Certificates and Special Savings contracts shall be with the Chief Executive Officer/General Manager with the initial signature of the assigned Branch Cashier/Teller , and the Branch Manager effective immediately, as recommended by the Finance and Investment committee.”

6655-022812“Resolved, to approve the recommendation of the Chief Executive Officer (CEO) for MSU-IIT MPC to invest in Retail Treasury Bonds (RTB) in accordance with the guidelines set forth in the Coop Investment Matrix cited Board Resolutions No 6497-070511, dated July 2, 2011 and Resolution No.6660-022812, and to the pertinent Central Bank Circulars No.392, series of 2003 , No.428 and No.457, all series of 2004. Resolved further, to grant authority of the CEO Engr. Deal Noel D. Benegrado, to sign the pertinent papers and documents necessary for the implementation of such RTB Investment for and in behalf of MSU-IIT MPC”.

6661-022812 “Resolved, to approve the Matrix for retail treasury bonds and cooperative investments , as recommended by Finance and Investment committee , as follows:

BANKS/Coops Interest Rates Terms AmountRetail Treasury Bond-PNB 5.79% 20 yrs Php 5MOro Integrated Coop 5.75% - 10% 6 mos. Php 20MTagum MPC 5.5% - 0.5% 6 mos. Php 10ML. Tan MPC 5.5% - 13% 6 mos. Php 5M

6656-022812“Resolved, to approve the official travel of COO Renan P. Diaz, CLAC Manager Jorge Cloa, Ana B. Flores and Yani Jimenez, to attend the

Gender Equality Training in MASS-SPECC, Davao City, on March 15-16,2012, together with the recommended budget and travel expenses in

the amount of P31,840.00”.

6662-030112“Resolved, to accept the report of the External Auditors, the Bacunga , Patriana & Co., with respect to the financial audit conducted to the MSU-IIT MPC, covering the period from July to December 2011, including the corresponding provisions of adjustments .”


6663-030112“Resolved , that the social services expense for 2011 be charged against the

community development fund allocation for the same fiscal year”.

6669-031312 “Resolved ,to require the management to evaluate the special savings

products of the MSU-IIT MPC and make corresponding recommendations to the Board”.

6664-030112“Resolved, that the budget of P200,000.00 for the training and membership

development be charged against the Coop Education and Training Fund (CETF) for the fiscal year 2011.”

6670-031312“Resolved, that retroactive January of 2012, the Management shall set aside P350,000.00 per month effective for the next 120 months,

intended for the provision of the special savings interest.”

6665-030112 “Resolved, to authorize the Coop Negotiating Team through its Team Leader VC Roberto E. Salarza , to request pertinent legal documents of ownership

of the lot owned by the Te Family, in relation to the negotiation for peaceful settlement of the pending case in court, the Te vs. MSU –IIT MPC, docketed as

Civil Case No. 06-7456”,

6671-031312 “Resolved, that the distribution of the 2011 patronage and dividends

in favor to all members of good standing of the MSU-IIT MPC, be in 50-50 % scheme, respectively, in accordance to the prescribed rules

of apportionment of the 2011 net surplus , and pursuant with the recommendation of the CEO ”,

6672-032012“Resolved, to approve and confirm the minutes and resolutions

promulgated during the February 28,2012, regular BOD Meeting ”.

6666-030112“Resolved, to approve the business proposal of the Youth Cooperative dated

March 1, 2012, as presented by Dir. Maan Roxas”.

6673-032012“ Resolved ,to approve and confirm the minutes and resolutions promulgated during the March 1 & 13,2012, special BOD Meetings ”.

6667-030112 “Resolved, to approve the budget allocation of P2,000.00 intended to cover

the expenses of the election of officers of the Youth Cooperative as proposed by its youth director.”

6668-030912A Resolution Endorsing Dr. Luis Carillo as Official Nominee of MSU-IIT

MPC to I Koop Mindanao

WHEREAS, the MSU-IIT MPCs declares its full and unqualified support of becoming an active member to the “1-Koop Mindanao Party” in pursuing the advocacies and cooperative agenda in Mindanao;

WHEREAS, this Cooperative fully endorses the programs and activities of I- Koop Mindanao including its intention to participate in the May 2013 Party-List System of representation;

WHEREAS, Luis Carillo Ph.D., a member good standing, is very much qualified as nominee of the MSU-IIT MPC considering his educational and moral qualifications, and his vast wealth of experience in the Party-list system of representation; NOW THEREFORE, be it resolved , as it is hereby resolved, to endorse MSU-IIT MPC Member Luis Carillo, Ph.D. as the official nominee of the MSU-IIT MPC to I Koop Mindanao. Resolved further to furnish a copy of this resolution to the Office of 1-Koop Mindanao, MASS-SPECC, Tiano-Pacana Street, Cagayan de Oro City.

6674-032012 “Resolved, to appoint Prof. Nora A. Clar as Treasurer of the MSU-IIT MPC

for the term of one year effective April 1,2012 to March 31, 2013”.

6675-032012 “Resolved, to approve the request of Dir. R. Trinidad that he be given access to the finan-cial records of the MSU-IIT MPC for purposes of conducting research study and disserta-tion paper entitled ‘Looking Beyond The Point Of Risk: The Confluence Of Management Systems And Procedures And Other Factors On Delinquency Control Of Multipurpose Co-operative’. Resolved further, that the above researcher be granted a reasonable research allowance in accordance to the guidelines set by the CEO. Resolved finally, that the MSU-IIT MPC be furnished with sufficient hard bound copies of the paper upon completion of the said research study “.

6676-032012 “Resolved, to approve the 561 Coop membership applicants and 38 membership withdrawals for the month of February 2012, as

recommended by the CEO”.


6677-032012 “Resolved, to approve the project proposal of the Management to imple-ment internet banking services and the same be allowed to secure avail-able access to internet banking facilities, as recommended by the CEO”.

6683-040312“ Resolved, to fully authorize MSU-IIT MPC Directors: Prof. Rodolfo B. Trinidad and BOD Vice Chairperson Engr. Roberto E. Salarza, to aspire for the elective

positions as Audit Committee Member and Director, of NATCCO, respectively, in its election of Officers to be conducted during the NATCCO’s Annual Generally

Assembly on May 25-27,2012, in Cebu City.6678-032012

“Resolved, to approve the application for graduation of 98 total candidates of the MSU-IIT MPC Academy inclusive as follows: Pre-

School- 36 candidates, Elementary- 30 candidates, and High School-32 candidates, as recommended by the Principal of the Coop Academy ”.

6684-040312“ Resolved, to fully authorize MSU-IIT MPC BOD Chairperson Engr. Paul T. Sanchez and Dir. Rodolfo Trinidad to aspire for any elective position in MASS-SPECC, in its election of Officers to be conducted during the MASS-SPECCS’s Annual Gener-ally Assembly on May 5-6,2012, in Davao City. Resolved further, that just in case Engr. Sanchez may not aspire, or may fail to be elected in such position aspired for, Prof. Nora Clar, incumbent MASS-SPECC Director for Gender Sector, may be allowed to continue her unexpired term of directorship of MASS-SPECC”.

6679-032012 “Resolved, to grant additional uniform allowances to the Coop Officers commensurate to the additional cost of the desired uniforms but in no

case shall exceed P4,000 per individual officer”.

6685-040312 “ Resolved, to fully authorize MSU-IIT MPC Director, Engr. Wilfredo A. Dimamay

, to aspire for the elective position as Director, of CLIMBS, in its election of Officers to be conducted during the CLIMBS Annual Generally Assembly on

April 26-27,2012, in Cebu City”.

6680-032012 “Resolved, to grant reasonable transportation allowances to the newly elected Coop Officers who were present during the March 20, 2012 BOD

Meeting in accordance to the existing Coop guidelines.”

6686-040312“ Resolved, to fully authorize MSU-IIT MPC Treasurer, Prof. Nora Clar , to con-tinue as member of the Unification Committee of NATCCO and MASS-SPECC.

6681-040312“Resolved, to approve the recommendation of the Negotiating Team, for MSU-IIT MPC to buy the Te Properties which are under mediation proceedings in Civil Case No. No 06-7456, Te vs. MSU-IIT MPC, et.al, covered under TCTs Nos. T-17-715(a.f) and T-17-716(a.f.) with a total area of 628 sq. meters at P25,000 per square meter, where the contract to sell shall be subject to the terms of “due diligence” such that, among others, the necessary correction of the technical description of the lot areas be priorly done at the instance of the Te Family before the execution of the absolute deed of sale.”

6687-040312 “Resolved, to grant a supplemental uniform allowances of P500.00 per

elected Coop Officers supplementing BOD Res. No. 6679-031312, for a total of P4,500.00 per officer, as recommended by the Uniform Committee”.

6682-040312“Resolved ,to approve the recommendation of the Chairperson of the Coop Academy for MSU-IIT MPC to give preference to the acquisition of Alejan-dro Salgado’s properties as a prospective new location of the MSU-IIT Coop Academy campus subject to the requirements of terms and stipulations of “due diligence” where such terms shall be finally approved by the Board.

6688-040312 “Resolved, to approve the resignation of Atty. Earl C.J. Ruelo, as BOD Secretary

effective April 30, 2012, with special commendations of his faithful and exemplary services rendered to the MSU-IIT MPC during his term of Office.

Resolved further to designate Ms. Yani Jimenez as Acting BOD Secretary pending appointment of the new BOD Secretary”.


6689-040312A Resolution Authorizing Officers of the MSU-IIT MPC for Bank Transactions

Whereas, Prof. Nora A. Clar has been appointed as the new Coop Treasurer effective April 2012, per BOD Resolution No. 6674-031312, replacing Prof. Roberto A.U. Dangkulos, as the latter resigned as Treasurer and has been acting in a holdover capacity pending appointment of his replacement as Coop Treasurer;

Whereas, Atty. Earl C.J. Ruelo, Board of Directors’ Secretary, has likewise tendered his resignation effective April 30,2012 per BOD Resolution No. 6688-040312 and Ms. Yani A. Jimenez has been designated as Acting BOD Secretary pending appointment of the new BOD Secretary;

Whereas, in consideration of the above movements of Coop Personnel who are bank signatories to the Coop Funds, there is a need to change Coop Bank signatories for purposes of facilitating Coop Bank Transactions;

Therefore be it resolved, as it is hereby resolved, to grant authority to the following Officers of the MSU-IIT MPC to sign checks, drafts and other negotiable instruments for the purpose of deposit and withdrawal of Coop funds, namely: Class A- BOD Chairperson Engr.Paulino T. Sanchez and BOD Vice Chairperson Engr. Roberto E. Salarza, and Class B- Coop Treasurer – Prof.Nora Clar and Acting BOD Secretary Yani A. Jimenez . Resolved further, that the signature of anyone from Class A, together with anyone from Class B of the above four(2) officers are sufficient to carry out the purpose of withdrawal and deposit of Coop funds. Resolved finally, that all previous resolutions inconsistent with this resolution are hereby deemed revoked”.

6694-042412“ Resolved, that the official delegates of the MSU-IIT MPC to MASS-SPECCS’ General Assembly on May 5-6,2012,in Davao City, are as follows: BOD Chair Paul T. Sanchez, Directors Ricardo Enguito, Dr. Fem Calio, Nina Flor Batara, Prof. Rodolfo Trinidad, Ludivina Carbonell, Teodula Rivera, CEO DND Benegrado, Treasurer Prof. Nora Clar, Aida Cortes, Ana Flores , Renan Diaz, Cheryl Encabo, Donna D. Impuesto, Ms. Aileen Grace Ramillo, Garry Mondragon, Rommel Vincent Manzano , Johanna Carla Pelayre, and Ian Aleman. Resolved further that the voting delegates during election are BOD Chairperson Paul T. Sanchez, Directors Dr. Fem Calio, Nina Flor Batara, Prof. Rodolfo Trinidad, Prof. Nora Clar, and the rest are alternate voting delegates.

6695-042412 “ Resolved, that the official delegates of the MSU-IIT MPC to NATCCO’s General Assembly on May 26-27,2012, in Cebu City, are as follows: BOD Chair Paul T. Sanchez, VC Roberto Salarza, Directors Engr. Fred Dimamay, Maan Roxas, Prof. Rodolfo Trinidad, Committee members Luz Galda, Lea Alagar, Evelyn Basa, CEO DND Benegrado, Prof.Roberto Dangkulos, Atty. Earl C.J. Ruelo, Mercy Baliling, Charisma Lugatiman, Leila Trinidad, Carmelita Gallo, Janet Hernandez, Nestor Lacastesantos and Beatriz Caliso. Resolved further that the voting delegates during election are BOD Chair Paul T. Sanchez, VC Roberto Salarza, Engr. Fred Dimamay, Prof. Rodolfo Trinidad, Maan Roxas, and the rest are alternate voting delegates.

6690-042412“Resolved ,to approve and confirm the minutes and resolutions promulgated during the March 20, 2012, regular BOD Meeting ”.

6696-042412“Resolved, to approve the 319 Applicants for membership and 33

withdrawals for the period covering March 6 to April 5, 2012, making a total Coop membership of 30,696.

6691-042412“Resolved, to appoint Atty. Earl C.J. Ruelo, as Legal Consultant of MSU-IIT MPC for the term of one(1) year effective May 1,2012 to May 1, 2013, without mon-etary compensation”.

6697-042412 “Resolved, to approve the request of the Youth Cooperative to open a savings account in Tibanga main with Dir. Marie Antoinette C. Roxas and Johanna Carla Pelayre, Chairperson and Vice Chairperson, respectively, as authorized signatories for deposit, withdrawals and/or any transactions thereof.

6692-042412“Resolved ,to approve and confirm the minutes and resolutions promulgated

during the April 3,2012, special BOD Meeting ”.

6698-052212approval of investing in PAMI (Phil-Am Asset Management, Inc.) and author-

izing the Management and the Finance and Investment Committee, along with the corresponding oversight directors with a maximum ceiling investment of P

5 million.

6693-042412 “ Resolved, that the official delegates of the MSU-IIT MPC to CLIMBS’ General Assembly on April 26-27,2012,in Cebu City are as follows: BOD Chair Paul T. Sanchez, Directors Engr. Fred Dimamay, Dr. Fem Calio, Nina Flor Batara, Prof. Rodolfo Trinidad, Ma. Lourdes Tiongco, CEO DND Benegrado, Aida Cortes, Cheryl Encabo, , Jorge Cloa, Garry Mondragon, Mae A. Diaz ,Donna D. Impuesto, Ms. Shergie Oclarit, Ms. Michelle Sabando, Joanne Plariza and Rommel Claro. Re-solved further that the voting delegates during election are BOD Chair Paul T. Sanchez, Directors Engr. Fred Dimamay, Dr. Fem Calio, Nina Flor Batara, Prof. Ro-dolfo Trinidad, Ma.Lourdes Tiongco, and the rest are alternate voting delegates.

6699-052212“ Resolved ,to approve and confirm the minutes and resolutions promul-

gated during the April 24, 2012, regular BOD Meeting ”.

6700-052212“Resolved, to approve the inclusion of Treasurer Nora A. Clar in the list of the NATCCO delegates and also the name of YC Vice-Chairperson Johanna Carla T. Pelayre be added as a youth representative to the NATCCO Youth

Congress.


6701-052212“Resolved, to review and realign our policies and guidelines regarding the attendance during the next cycles of General Assemblies. Only the

BOD Chairperson and the CEO are allowed to have multiple attendances in these assemblies.

6710-052212“Resolved, to appoint Mr. Dominico Jumawid, Jr. to be the EDCOM Training

Officer and be given a monthly honorarium of P 3,000.00 effective from June 1, 2012 to May 31, 2013. In addition, he must give at least 3 to 5 events every 3

months.”

6702-052212“Resolved, for the Education Committee to conduct a thorough study and review the policies of the Lakbay- Aral activity. In so doing, the Coop will

not be closed for many days, which in so making, does entail member satisfaction. Also, the General Assembly attendances are to be included in

the review of the policies to be made by the EDCOM.

6711-052212 “Resolved, to approve the leave of absence of ELECOM Vice Chairperson Ms. Lea

Alagar provided that she will maintain an open communication line with her co-members of the said committee. Ms. Lea Alagar will be on leave from July

2012 to October 2012.

6703-052212“Resolved, to confirm the participation of Dir. Marie Antoinettee C.

Roxas and Youth Vice Chair Johanna Carla T. Pelayre in the NATCCO Youth Congress held at Cebu City on May 23-25, 2012.”

6712-052212

“Resolved, to approve the Gender AWCF Trip to Lamac, Cebu City on June 7-9, 2012 with the attendance of the Gender Committee Chairperson Dir. Ludivina G. Carbonell and Ms. Ana B. Flores as the Gender Focal Person. The coop shall

provide the attendees with transportation allowances and per diems only.

6704-052212 “Resolved, to approve the request of Maranding branch to extend the

period in repaying the rice production loan from three (3) months to six (6) months payment period.”

6713-052212 “Resolved, to accept the Election and Audit Committee (Audit Report on Housing Committee and Ocular Inspection on Coco Lumber Forms) report as rendered by Ms. Aida S. Cortes and Ms. Luz G. Galda, respectively. Also,

whatever actions that is due for Board actions will be acted upon on the June 05, 2012 Board Meeting.”

6705-052212“Resolved, to allow the City of Iligan to use the MSU-IIT MPC property

located at Brgy. Hinaplanon as a “tent city/bunkhouse” for the Sendong flood survivors in utmost 12-month duration only. A MOA between MSU-IIT MPC and the City government should also be properly placed and be

properly entered into.”

6714-060512“Resolved, to dispense with the reading and discussion of the May 22, 2012

Regular BOD Meeting minutes and let it be handled on the next Regular Board Meeting.”

6706-052212“Resolved, to allow the EDCOM Chairperson, Dir. Roberto E. Salarza to

attend the MASS-SPECC’s Developing Co-operators Training on June 7-9, 2012 to be held at MASS-SPECC Training Center, Cagayan de Oro City”

6715-060512“Resolved, to accept and approve the Audit committee’s report rendered by the

Audit Committee chairperson.”

6708-052212“Resolved, to approve the 698 Coop membership applicants and 56

membership withdrawals for the month of May 2012, as recommended by the CEO”.

6716-060512“Resolved, to re-engage the Audit services of Baconga, Patriana and Co. for

the year 2013; resolved further that the Audit committee must present at least three (3) sets of external auditors.”

6709-052212Resolved, to approve the BOD and Coop Officers Recollection on June 2 &

3, 2012 to be held in MSU-IIT MPC Boardroom.

6717-060512“Resolved, to accept the ELECOM report, as rendered by the ELECOM Chairper-

son.”

6707-052212“Resolved, to make a corresponding agreement in favor of linking with

the NATCCO-MASS SPECC Consultancy proposal and MSU-IIT MPC.”

6718-060512 “Resolved, to approve the proposed budget of the ELECOM, subject to some

modifications and realignment upon implementation.”


6719- 060512 “Resolved, accept the Chief Executive Officer’s report.”

6729 – 062612“Resolved, to appoint Dir. Tiongco to be the oversight of the Maranding

Branch Council request.”6720- 060512

“ Resolved, approve the attendance of the Chief Executive Officer, Ms. Evelyn Basa, Dir. Niña Flor B. Batara, Dir. Rodolfo B. Trinidad, Dir. Ermelinda G. Tobias and Dir. Paulino T. Sanchez to the CDA Branching out Forum on June 13, 2012 at Pearlmont Inn, Cagayan de Oro City.

6730 – 062612“Resolved, to approve the purchase of 5 Ipads and 1 Asus EEE Transformer Tablet for the new set of officers. Likewise, is the approval of purchasing 1 Netbook for Dir. Carbonell as replacement for her damaged Ipad2 dur-

ing the Typhoon Sendong.”

6721- 060512 “ Resolved, approve the cash advance of the amount P 150,000.00 in support

to Mr. Gideon Mirafuentes’ operation, account officer of Puerto branch.”

6731 – 062612“Resolved, to approve the 5 participants for the 11th National Coop

Summit namely, Dir. Ermelinda G. Tobias, Ms. Aida S. Cortes, Ms. Aileen Ramilo, CEO DND Benegrado, and COO Renan P. Diaz. The summit will

take place on October 10-12, 2012 at Cagayan de Oro City.

6722- 060512 “Resolved, approve the KASAPI loan window to coop members. In addition,

that the management will still exercise proper caution in extending this loan according to the paying capacity of the members.”

6732 – 062612“Resolved, to allow the Chief Executive Officer to attend the 3-day CEO/

GM training at CLIMBS, CDO City on June 27-29, 2012.”

6723- 060512“Resolved, to authorize the CEO to sign the MOA of the NATCCO and MASS-SPECC joint consultancy proposal with MSU-IIT with the total budget of P 438,000.00 consultancy fee. The management is also tasked to source out

funds for the consultancy expenses.”

6733-062612“Resolved, to adopt the Property Management Division guidelines and

subject to improvement.

6724 – 062612 “Resolved, to dispense with the reading and discussion of the May 22, 2012

Regular BOD Meeting minutes and let it be handled on the next Regular Board Meeting.”

6734– 062612“Resolved, to approve and authorize the CEO Deal Noel D. Benegrado to invest p 5,000,000.00 in the “Growth Invest Fund 3” of Philam life (TIN

00803117000) which is a locked-in investment for six (6) years.”

6725 – 062612“Resolved, to adopt the official website of MSU-IIT MPC, the msuiitcoop.org

as our official email and Yammer.com as our official discussion group for Coop matters.”

6735– 062612“Resolved, to authorize the Management to act accordingly on the

modification of investment in Prulife so that it will be transferred to a higher-yielding investment tool at Prulife.”

6726 – 062612“Resolved, to approve the subscription to the Security Bank Digibanker Online

System and for Management to act to it accordingly on the matter.”

6736– 062612“Resolved, with accordance to BOD Resolution Number 6584-112111, to authorize Management to implement writing off of small claims filed in

court, aside from freezing its interest provided that the Management will still continue to collect the receivables from the accounts written-off.”

6727– 062612“Resolved, to accept the Chief Executive Report as presented.”

6737– 062612 “Resolved, to approve that the Chief Executive Officer Deal Noel D. Benegrado will be the insured individual of the Prulife investment

benefit and that the beneficiary will be MSU-IIT MPC.”

6728 – 062612 “Resolved, to allow the write-off of Mr. Bernardo Monter (Tibanga account)

with the amount of P 49, 630.63 provided that the branch will still be collect-ing the payment after the process of write-off.”

6738– 062612“Resolved, to approve the Members’ Loyalty Program as proposed by

the Management. The management also has to formulate policies and implementing rules and guidelines for the said program.”


6739– 062612 “Resolved, to approve that henceforth, when the CEO’s report is already

accepted, member’s applications and withdrawals are deemed to be approved.”

6750-071012“Resolved, to dispense with the reading of Minutes of June 05, 2012 and

proceed to the matters arising from the minutes.

6740– 062612“Resolved, to approve the investment of MSU-IIT MPC of One Hundred

Thousand Pesos (P100,000.00) to CLIMBS.”

6751-071012“Resolved, to confirm the minutes of the June 05, 2012 BOD meeting as

discussed.”

6752-071012“Resolved, to dispense with the reading of the minutes of the June 26, 2012

BOD meeting and proceed to the matters arising from the minutes.”

6741– 062612‘Resolved, to authorize the CEO Deal Noel D. Benegrado and Engr. Romeo S. Manzano to sign the joint affidavit of undertaking for the MSU-IIT MPC Housing Coop Project in behalf of the Coop.”

6742– 062612“Resolved, to approve the pursuance of the Deed of Perpetual Easement with the Perfecto Family.”

6753-071012“Resolved, to adopt the ABS-CBN proposal but let the Management try to nego-tiate the number of spots to be shown in Butuan and Pagadian. The CEO is also authorized to re-negotiate the price of P 550,000.00 if it can be lowered to P 500,000.00. Resolved further that the amount is to be taken from the Marketing budget of 2012 as approved during the 2011 Business Planning.”

6743– 062612“Resolved, to approve, adopt and implement the Branch Council Officers In-house whole-day seminar to be conducted on July 21, 2012, 4th floor of MSU-IIT MPC Building Complex.”

6754-071012

“Resolved, to approve the Branch Assembly schedules as follows:”

CLUSTER 3 SEP 15 2012 CLUSTER 2 SEP 22 2012 CLUSTER 1 OCT 6 2012 CLUSTER 4 OCT 13 2012

6744– 062612“Resolved, to accept the Gender two-part report. Furthermore, resolved to approve the activity Gender TOT and its corresponding budget to be taken from the Gender CETF. Approved further, that the CEO Deal Noel D. Benegrado and Dir. Teodula O. Rivera be authorized to attend the AWCF monitoring forum on July 25-26, 2012 in Quezon City. The Coop will shoulder the transportation expenses of the said forum.”

6745– 062612“Resolved, to approve the Youth Committee report as rendered by the Youth Coop Director Marie Antoinettee C. Roxas.”

6755-071012“Resolved, to approve the request of Coop Academy Principal Hazel Bliss

Mediodia as per letter given to the BOD Chairperson, to allow write-off of the Mr. Jay Tolentino account in the amount of P 466.25.”

6746– 062612“ Resolved further, to approve the proposed Youth Coop Activity budget

of P 24, 092.00

6756-071012“Resolved, to confirm the minutes of June 26, 2012 BOD Meeting as presented.”

6757-071012“Resolved, to accept the Treasurer’s report as presented.”

6747 – 071012 “Resolved, to adopt the agenda as proposed.”

6748-071012“Resolved, to dispense with the reading of Minutes of May 22, 2012

minutes of meeting and proceed to the matters arising of the minutes.6758-071012

“Resolved, to accept the Chief Executive Officer’s report as presented.”

6749-071012“Resolved, to confirm the minutes of the May 22, 2012 BOD meeting as

discussed.”

6759-071012“Resolved, to approve the Financial Management Policy Manual as presented.”


6760-071012“Resolved, to adopt the Standard Chart of Accounts policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6769-071012 “Resolved, to adopt the Fixed Assets Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6761-071012“Resolved, to adopt the Accounting Principles policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6770-071012 “Resolved, to adopt the General Purchases Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6771-071012 “Resolved, to adopt the Bidding Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC opera-tions with the end view of achieving the financial objectives of viability and sustainability.”

6762-071012 “Resolved, to adopt the Internal Control Policy as part of the Financial manage-ment Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6763-071012 “Resolved, to adopt Authorized Signatories and Approval Limits Policy as part of the Financial management Policy Manual for implementation and enhance-ment of the MSU-IIT MPC operations with the end view of achieving the finan-cial objectives of viability and sustainability.”

6772-071012 “Resolved, to adopt the Assets Acquired in Settlement of Loans Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6764-071012 “Resolved, to adopt the Cash Internal Control Guidelines as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6773-071012 “Resolved, to adopt the Loan Loss Allowance Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6765-071012 “Resolved, to adopt the Petty Cash Fund Policy as part of the Financial man-

agement Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of

viability and sustainability.”

6774-071012 “Resolved, to adopt the Charge Off and Recovery Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6766-071012 “Resolved, to adopt the Cash Shortage and Overage Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6775-071012 “Resolved, to adopt the Liabilities Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6767-071012 “Resolved, to adopt the Cash Advance Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6776-071012 “Resolved, to adopt the External Borrowings Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6768-071012 “Resolved, to adopt the Investment Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6777-071012 “Resolved, to adopt the Retirement Fund for MSU-IIT Management and Staff Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”


6778-071012 “Resolved, to adopt the Asset-Liability Management Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6786-071012“Resolved, to approve the MSU-IIT MPC Motorcycle Plan Policy as practiced.”

6787-071012“Resolved, to approve the proposed update of the Credit Policy Manual based on the Internal Audit recommendations on loan receivables.”

6779-071012 “Resolved, to adopt the Interest on Share Capital and Patronage Refund Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6788-071012 “Resolved, to approve the charging-off of the Kiwalan account dated year 2007 in the amount of P 178,597.05.”

6789-071012“Resolved, to authorize the Butuan Branch Satellite Officer in the person of Ms. Shergie B. Oclarit to open an account in Security Bank – Butuan Branch to be used in the Butuan branch operations.”

6780-071012 “Resolved, to adopt the Interest Rates Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6790-071012“Resolved,to authorize the Chief Executive Officer and the Management team to look into the authorized signatories with regards to the Maker, Verifier, Releaser, Approver, Access Administrator and Password Administrator, and Inquirer of the Security Bank Digibanker Mobile Banking System.”

6781-071012 “Resolved, to adopt the Budget Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6791-071012“Resolved, to send the Chief Executive Officer, EDCOM Chairperson and the BOD Chairperson to the NATCCO Training entitled “Becoming Whole Brain Leaders” on August 13-15, 2012 in Sumulong Highway, Antipolo City subject to echo training.”

6782-071012 “Resolved, to adopt the COOP-PESOS Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6792-071012“Resolved, to approve that MSU-IIT MPC will shoulder the hospitalization expenses of Mr. Gideon Mirafuentes, Account Officer of Puerto Branch with the amount of P 253, 000.00 which includes the P 150,000.00 that was released to Mr. Mirafuentes as cash advance. Resolved further, because of the accident that happened that all account officers must be covered with accident insurance up to P 500,000.00, including those employees who are still in the casual status of employment. ”

6783-071012 “Resolved, to adopt the Error Management Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6793-071012“Resolved, to adopt the Implementing Rules and Regulations of the Property Management Division.”

6784-071012 “Resolved, to adopt the Risk Management Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”

6794-071012“Resolved, to authorize the Management to endorse a Brgy. Road (Brgy. Pugaan) to the City of Iligan that can be used as farm-to-market road in coordination with the Farm-to-market Project of the city of Iligan.”

6785-071012 “Resolved, to adopt the Fraud/Dishonesty Policy as part of the Financial management Policy Manual for implementation and enhancement of the MSU-IIT MPC operations with the end view of achieving the financial objectives of viability and sustainability.”



6796-072612“Resolved, to dispense with the reading of Minutes of July 10, 2012 minutes of meeting and proceed to the matters arising of the minutes.

6805-072412“Resolved, to adopt the revised contract of COSA 5Y and COSA 10Y effec-

tive for implementation on August 01, 2012.”

6797 – 072412“Resolved, to confirm the July 10, 2012 Special BOD Meeting Minutes with

some realignment.”6806-072412

“Resolved, to adopt the revised contract and table of the College Allow-ance Fund (CALF) effective for implementation on August 01, 2012.”

6798– 072412“Resolved, to accept the Chief Executive Report as presented.”

6807-072412“Resolved, to adopt the revised Pension Plan effective for

implementation on August 01, 2012.”

6799– 072412“Resolved, to approve the request of Tubod LDN Satellite to participate in the MUNICIPAL COOP DEVELOPMENT COUNCIL activities and to be part of the MCDC. The Tubod Satellite Officer is the official representative of this council.”

6808-072412“Resolved, to adopt the revised Retirement Plan subject to re-evaluation every 5 years. The revision is effective for implementation on August 01,

2012.”

6800-072412“Resolved, to approve the Management proposal to provide Ms. Yani A. Jime-nez a monthly Honorarium in the amount of P 5,000.00, effective May 01, 2012 upon assumption of work as Acting BOD Secretary.”

6809-072412“Resolved, to adopt the revised Mortuary Plan effective for

implementation on August 01, 2012.”

6801-072412“Resolved, to approve the sponsorship of MSU-IIT MPC to the MSUAA-BACI Alumni Homecoming in the amount of P 50,000.00 which fund is to be taken from the Marketing Budget of 2012.”

6810-072412“Resolved, to accept the Gender Committee report as presented.”

6802-072412“Resolved, to accept the Treasurer’s Report as presented.”

6811-072412“Resolved, to establish a Gender Equality Resource Center and

Accomplishment and Best Practices of Gender Equality Program .”

6803-072412“Resolved, to approve that MSU-IIT MPC should have additional investments up to December 2012.”

6812-072412“Resolved, to accept the Election Committee report as presented.”

6804-072412

“Resolved, to approve the item # 1 of the Coop Subsidiary proposal (Create Coop Academy Subsidiary Team (9pax) - responsible to prepare the Draft of the Articles of Cooperation and By-Laws until end of September 2012 with the persons responsible are as listed below:

Dir. WA Dimamay - ChairDir. PT Sanchez - CoChair (ex officio)Secretary - Ms YA JimenezCo-Secretary- Ms HB MediodiaMembers: Mgr JA Cloa, Doc ETobias, Judge EC Ruelo, Doc Dave Almarez, and CEO DN Benegrado (ex officio)

then items # 2-12 are going to become part of the IRR subject to improvements and refinements.”

6813-072412“Resolved, to accept the Audit Committee report as presented.”


6815 – 080712 “Resolved, to approve the honoraria of the Housing Project Committee/Team as incorporated in the Budget approved in the BOD Resolution No.

6475-053111.”

6816 – 080712“Resolved, to accept the Housing Committee report as presented.”

HOUSING COMMITTEE

COOP ACADEMY

FINANCE & INVESTMENT COMMITTEEPERSONNEL COMMITTEE

YOUTH COMMITTEEEDUCATION COMMITTEE


JOINT BOD AND MANAGEMENT REPORT

ASSETS LOAN RELEASES

SHARE CAPITAL DEPOSITS

(from page 20)in

milli

on pe

sos

in m

illion

peso

s

MSU-IIT MPC Pakigsayud2013 Annual Representative Assembly 61JOINT BOD AND MANAGEMENT REPORT

REGULAR MEMBERSHIP NET SURPLUS

Branching 25 new branches (+ present 14)across MindanaoMemberships 100,000 branching, marketing drives, and project investmentsDeposits 4:1 deposit-equity ratioEquity a number of equity products for direct investments by membersLoan Portfolio Mix 30% productive loans 70% providential loans

Virtual Branching to begin within the 1st half of 2012

Project Investments 10 pawnshop outlets 3-5 housing projects 3 funeral parlors

Management Team in place by June 2012

By 2016 Net Surplus : P130-150 Million Total Equity : around P400 MillionReturn on Equity (ROE) : 20%-25%Business Mix (Revenues) : 80% - Savings and Credit 20% - Project Investments Total Assets : P1.7-2 Billion.

STRATEGIC PLANBOLD GOALS BY 2016

Carmen Branch

Bulua Branch

Manticao Branch

Tibanga MainPoblacion Branch

Laguindingan Branch

Kiwalan Branch

Puerto Branch

Tubod Branch

Maranding Branch

Cogon Branch

Tubod LDN Satellite

J. C. Aquino Branch

Pagadian Branch

Suarez Satellite

Langihan Branch

Pala-o Branch

Buru-un Branch

Bacolod Satellite

Head Office

GENDER COMMITTEE

ELECTION COMMITTEE

COOP CARE MANAGEMENT COMMITTEE

COOP LIFE ASSURANCE CENTER

AUDIT COMMITTEEEXECUTIVE COMMITTEE


6817-080712“Resolved, to accept the cash flow presentation of the Housing commit-tee as presented. Resolved further that the Organizational Structure of the MSU-IIT MPC Housing Cooperative which includes the Technical Organi-zational structure, be modified and provided with corresponding job de-scriptions and compensation proposal and be submitted in the next Board Meeting on August 28, 2012. This table of organization will be used in the 24-month Housing Cooperative project.”

6823-082812 “Resolved, to dispense with the rules of the Regular Board meeting to give

time to the HDMF representatives to present their Housing loan proposals as requested by the Housing Committee.”

6818-080712 “Resolved, that the Finance and investment Committee will meet and

report in the next Board Meeting as to where the source of funds for the Housing Cooperative be taken. Resolved further that 1-13 subheading of the 2-year construction schedule will be used as supporting attachments

as presented. ”1. 2-year Construction Schedule2. 6-month Gantt chart3. Housing cash flow 20124. Organizational Chart5. Initial cost and PMD Compensation6. PMD (Comparison of Compensation)7. PMD and PMO role in Housing Cooperative Project8. Proposed schedule9. Source of Funds10. Amortization11. Cost Comparison12. Housing Cooperative13. List of BOD resolutions for Housing Project

6824-082812“Resolved, to approve the schedule of the Exit Conference with the External

Auditors and the Board of Directors on August 31, 2012 at 11 a.m., followed by a Special Board meeting right after the exit conference.”

6825-082812 “Resolved, to adopt the order of business as proposed, with item no. 5 to be

discussed during the Special Board Meeting right after the External Audit Exit Conference.”

6826-082812“Resolved, accept the Treasurer’s report as presented, and including the observations

of the Treasurer regarding Human Resource matters.”

6827-082812“Resolved, accept the Chief Executive Officer’s report as presented.”

6828-082812“Resolved, to allow ACCU to conduct an ACCESS Audit together with NATCCO on August

29, 2012, to verify is MSU-IIT MPC has passed the qualifications of the ACCESS Brand standards.”

6819-080712“Resolved, to approve the Groundbreaking schedule of the Housing

Cooperative in Lambaguhon, Brgy. San Roque, Iligan City on August 20, 2012, 9a.m. to 11 a.m. Resolved further that the funds to support the

Housing campaign will be sourced temporarily from Pala-o Branch and be replenished after a decision as to where the source of fund be taken. ”

6829-082812“Resolved, to provide per diem and transportation to Coop Treasurer Nora A.

Clar to the ACCU Forum to be held on September 02-09, 2012 in Manila, Philippines.”

6830-082812 “Resolved, to approve the loan application of Mr. Nestor Enerio, a Kiwalan

branch member, in the amount of P 1,500,000.00 payable within 12 months.”

6820-080712“Resolved, to accept the CSR Committee report and lay it on the table for

consideration.”

6831-082812 “Resolved, to approve the solicitation of ACCU for their upcoming ACCU Forum

on September 02-09, 2012 in the amount of P 50,000.00.”

6821-080712 “Resolved, to accept the Education Committee report as presented.”

6822-080712“Resolved, to approve the P 500.00 increase of Branch Council Officers’ honoraria for a total of P 1,000.00 per month provided that they will meet twice a month. They are also required to submit reports every meeting thru the Branch Council Secretary.The increase will be effective on August 01, 2012.”

6832-082812 “Resolved, to authorize the Management to perform the charge-off/write-off of unpaid loans on a quarterly basis. Resolved further that the Management

must provide the Board of Directors a list of accounts to be written off and also provide the same report to the Audit Committee and to the Internal Audit Unit. Also, the legal action must start right after the account has been charged off. ”

6833-082812“Resolved, to provide P 50,000.00 donation to the flood victims of Manila last August 2012. Resolved further, that the donation be charged to the

Community Development Fund of the CSR budget.”


6834-082812“Resolved, to direct Management to revisit the recommendations discussed

in the NATCCO Forum as regards to Disaster and Risk Management and be implemented and practiced in MSU-IIT MPC .”

6843-082812“Resolved, to adopt the Memorandum of Agreement between the City

government of Iligan and MSU-IIT MPC as corrected. “

6834-082812“Resolved, to direct Management to revisit the recommendations discussed

in the NATCCO Forum as regards to Disaster and Risk Management and be implemented and practiced in MSU-IIT MPC .”

6844-082812“Resolved, that Mr. Restituto Abuan will continue to serve the unexpired term of one (1) year of Ms. Lea Alagar, of which, the latter tendered her

resignation last August 28, 2012 . “

6835-082812“Resolved, to approve the upcoming Fun Run on October 14, 2012 by the

Management and the Coop Life Assurance Center, along with its budget of P 200,000. 00 to be taken from the Coop Life Assurance Center funds.”

6845-090312 “Resolved, to adopt the re-aligned order of business as proposed such as:1. Call to Order2. Invocation, Coop Vision, Pledge and Coop Hymn3. Certification of Quorum4. Adoption of Proposed Agenda5. Approval, confirmation and/or matters arising from the Exit conference with the External Auditors6. Chairperson’s Time7. Committee reports8. Other Matters9. Adjournment and Closing Prayer

6836-082812“Resolved, to support the campaign of NAPC (National Anti-Poverty Commis-

sion) with regards to the cooperativizing of the Electric cooperatives, therefore they must be registered in the Cooperative Development Authority. “

6837-082812“Resolved, to endorse to the office of the President of the Philippines the ap-

pointment of Director Orlando Ravanera as the regular Executive Director of the Cooperative Development Authority. “

6838-082812“Resolved, to conduct the Kapihan sa Koop at least one Saturday per month or as the need arises, according to the interesting topics. The Kapihan sa Koop is scheduled at 6 a.m. to 8 a.m. “

6846-090312 “Resolved, to accept the External Audit presentation by BP & Co.”

6839-082812“Resolved, that new branches to be opened will avail Loan Protection Plan from the Mutual Benefit Association of NATCCO as proposed by Dr. Luis Carrillo. Resolved further that Management be tasked to contact Dr. Carillo regarding this matter. “

6847-090312 “Resolved, to target and implement the 20% Management and

administration fee for Sunshine product and Mr. Jorge Cloa will make the necessary negotiations to CLIMBS.”

6840-082812“Resolved, to provide the funding of P 85,000.00 for Youth Director Marie An-toinettee C. Roxas for her Quebec trip as the Philippines’ representative of Youth Cooperative. The said funding will be taken from the Coop’s CETF. Dir. M.A.C. Roxas will depart on October 05, 2012. “

6848-090312 “Resolved, that members who have already completed the 25-year contri-bution of their Sunshine plan, the coop will still remit their corresponding premium to CLIMBS. Resolved further, that such payment will be taken from the Member Protection Fund.”

6841-082812“Resolved, create a three-man team to look into the due diligence of the Salgado lot/property. This team is composed by Dir. Roberto E. Salarza as the team’s Chairperson, Atty. Earl Charito J. Ruelo and Engr. Romeo S. Manzano, Jr.as members.“

6849-090312 “Resolved, that effective in the 3rd Quarter of 2012, the Member Protec-tion Fund, be given an interest expense of 6% per annum which will ac-crue to the fund itself.”

6842-082812“Resolved, to direct Management to look for a specialist to conduct a viability and sustainability study regarding the subsidiarization of the Coop Academy which includes the plan to make the Coop Academy into a future cooperative institute with offerings of Preparatory, Elementary, Secondary and Tertiary education.“

6850-090312 “Resolved, to authorize Dir. Paulino T. Sanchez to be a co-signatory with

the Chief Executive Officer for the Prulife Investment documents.”


6851-090312 “Resolved, that henceforth, all midyear Pakigsayud will entail only the Constitutional Committee reports such as Audit and Election Committee reports will be included in the Cluster Assembly Pakigsayud, with the spe-cial consideration of the Housing Committee report. All other committee reports are to be published in the Annual Representative Assembly Paki-gsayud.”

6861– 092512 “Resolved, to approve the MOA as proposed by MASS-SPECC regarding the

PMES with appropriate corrections by the Education Committee, and the MOA be signed by the Chief Executive Officer of MSU-IIT MPC, effective September

25, 2012.”

6852-090312 “Resolved, to approve the schedule of the PMES Trainers’ training on October 19-20, 2012 to be conducted by the Education committee and to be participated by the Coop Member Development Officers.”

6862 – 092512 “Resolved, to accept the 6 items (letters a-f) of the Chief Executive Officer’s

report as presented.”

6853-090312 “Resolved, to approve the increase of the Gender budget in the amount of P 350,000.00, in which composition be taken from the following, 10% CETF is P142,862. 69, Operating Expenditures is P 102, 000.00 and CDF is P 105, 137.31. Resolved further, to add the prize from the contest of the Most Outstanding Gender Implementor in the amount of P15,000.00 to the Gender budget. ”

6863– 092512“Resolved, to authorize the Management to proceed with the ABS-CBN

engagement in celebration of the Diyandi festival. The engagement consists of 45 spots to be shown in Prime Time television programs for two weeks in the

amount of P50.000.00.”

6854-090312 “Resolved, that the Management will include GE and GAD in the annual budget for the year 2013 with due reference to the Executive Order No.

273.”

6864– 092512 “Resolved, to approve the schedule of the Aflateen Orientation on September

26-27, 2012 to be facilitated by NATCCO. The orientation will be held at MSU-IIT MPC Building Complex.”

6865 – 092512 “Resolved, to authorize MSU-IIT MPC Maranding Branch to open an account in

One Network Bank.”

6855-090312 “Resolved, accept the report of the Housing Committee, as rendered by

Dir. Teodula O. Rivera.”

6856-090312“Resolved, to cloth Management with authority to realign Financial Statements matters. Resolved further, that Management will provide report to the Board of Directors regarding the changes made, with due diligence with personnel from ACCU.”

6866 – 092512 “Resolved, to authorize the Chief Executive Officer to choose the participants to the CDA Laboratory Forum on September 29, 2012 at Cagayan De Oro City.”

6867– 092512 “Resolved, to approve the Business Planning schedule on November 16-17,

2012.”6857– 092512

“Resolved, to accept the August 07, 2012 Special BOD Meeting Minutes as discussed.”

6858– 092512 “Resolved, to accept the August 28, 2012 Regular BOD Meeting Minutes,

including the corrections, as discussed.”

6868– 092512 “Resolved, to approve the solicitation of the MSU-IIT Mechatronics team

solicitation in the amount of P 20,000.00 and to be charged to CSR Committee.”

6859 – 092512 “Resolved, to accept the Treasurer’s report on September 25, 2012, as

discussed.”

6669-011012“Resolved, to approve the increase of the number of seats of the Board of Directors of MSU-IIT MPC from eleven (11) to thirteen (13) members as follows: two (2) non-voting ex-officios (the Chairperson Emeritus and the Youth Director), four (4) from the community, three (3) from the faculty and three (3) from the staff of MSU-IIT, and one (1) representing gender-at-large. Accordingly, for purposes of filling the vacancies during the March 2012 election of officers, the following slots shall be due for election, namely: two (2) from the community, one (1) for gender-at-large, one (1) from the staff, one (1) from the faculty, of MSU-IIT, in accordance with the ELECOM Guidelines.”

6860 – 092512 “Resolved, to accept the Coop Academy Chairperson report on September 25, 2012, as discussed. Resolved further, that the CUIC basketball league be sponsored of one trophy and P3, 000.00 charged to CSR Committee. ”


6870– 100912“Resolved, to accept the Audit Committee (letters A-G) report, as presented.”

6880 – 100912“Resolved, to accept the recommendations of the Audit Committee and the Internal Audit, as follows:1. Immediate action should be taken by the Management and the BOD in order for everyone in the coop to know that every offense committed in the institution has corresponding disciplinary action;2. Comprehensive audit should be conducted by Internal Audit Team in Tibanga branch to determine the scope of the fraud she has committed and its total value;3. The Management should immediately act on this matter and implement sanctions in accordance with our Human Resource Manual and provisions under the Labor Code that are relevant to the situation;4. Considering the significance of the above audit findings, it is recommended that the coop should implement sound internal control practices to prevent/minimize fraudulent transactions. All vouchers made and supporting documents attached should be verified by a person other than the one preparing it. It should also bear approval of the Branch Manager or any other officer in charge;5. Accounting transactions with different nature should be recorded separately. NO single Journal Voucher should contain multiple accounting entries for different kinds of transactions with different supporting documents;6. With the on-going Head Office setup, existing savings accounts of coop staff at the branches where they are working should be CLOSED. Immediate family members of the staff should not be members of the branch where the related coop staff is working;7. With the existence of ATM for payroll and NATCCO ATM, it is also recommended that back office transactions to savings of staff and officers at MSU-IIT MPC regarding cash advances, payroll and such should be minimized.

6871 – 100912“Resolved, that henceforth, any act of dishonesty committed by any MSU-IIT MPC Management or staff will be subject to preventive suspension immediately, which includes cessation of all employee’s benefits and compensation; at that juncture, if found guilty after due process, then the said Management or staff must be terminated from his/her employment in MSU-IIT MPC without prejudice to filing of criminal charges.”

6872 – 100912“Resolved, to accept the Chief Executive Officer’s report as presented.”

6873 – 100912“Resolved, to approve the request of Tibanga-Main Branch to write-off the unpaid petty cash and short-term loans of the deceased Mrs. Elena Orbe and charge it to Allowance for Probable Losses-Loans in the amount of P 7,612.12.”

6874 – 100912“Resolved, to confirm the Memorandum of Agreement between the City Government of Iligan and MSU-IIT with regards to the use of our Hinaplanon property as tent city.”

6881 – 100912“Resolved, that the Audit Committee must recommend trainings for the

Internal Auditors and also for the Audit Committee.”

6882 – 100912“Resolved, to accept the Treasurer’s report, as presented in Item 38- A to D.”

6875 – 100912“Resolved, to accept the Chairperson’s report, as presented.”

6876 – 100912“Resolved, to approve the reimbursement of expenses of Dr. Emma A. Nieva during the NATCCO Ownership Meeting at Cagayan de Oro City last September 29, 2012.”

6883– 100912“Resolved, to approve that a Special Savings for Housing be implemented with deposit amount not less than P1, 000.00 that earns 8% per annum. The said Special Savings shall be locked-in within 24 months and will be

in multiples of P1, 000.00 effective as soon as the contracts are available.”6877– 100912

“Resolved, to accept the committee reports (Item 28-A to C) rendered by Dir. Roberto E. Salarza, as presented.”

6878– 100912“Resolved, to approve the proposed policies of the Education committee regarding the Lakbay-Aral, as specified:1. No branch office will be closed because of lakbay aral. A skeletal staff should at least be in place to continue COOP operations;2. A lakbay aral group should not be more than 50 coop personnel headed by CEO/designated senior management personnel;3. A regular staff may join the lakbay aral every other year as per plan by management;4. A lakbay aral should incorporate a program for exposure or training essen-tial to staff development in relations to the operations of the COOP;5. A written report or documentation must be submitted to the BOD thru the secretary for reference and review;6. The lakbay aral must have an approved budget as part of the annual budget.

6884– 102312 “Resolved, to confirm the Memorandum of Agreement signed by the BOD Chairperson between Philhealth and MSU-IIT MPC regarding the KASAPI (I-group) program.”

6885– 102312 “Resolved, to approve the purchase of Mr. Jesus Gaite’s property to be used as backfill materials of the Housing Coop, with the understanding that the budget will be taken from the budget of the land filling materials allo-cated by the Housing Coop. Resolved further that the 3-man committee are the responsible people to look into the due diligence of the property.”

6879 – 100912“Resolved, to approve the proposed policies of the Education committee regarding the revisions of the General Assembly attendance, as stipulated:

1. BOD Chairperson, BOD members, CEO and COO may attend at most two apex GA’s per year (NATCCO, MASS-SPECC, CLIMBS) as per previous practice. This includes apex GA where the BOD member is an elected/appointed officer and designated as official delegate of the COOP;2. Constitutional committee members may attend one apex GA per year;3. Regular COOP personnel may attend one apex GA as assigned by the CEO.

6886– 102312 “Resolved, to approve the purchase of the Purificacion Sevidal lot, sub-ject to availability of funds.”


6887– 102312 “Resolved, to allow the past Chairpersons and encumbent officers of MSU-IIT MPC, including the Branch Managers within Iligan City to attend the ICCDC-CUIC Cooperative Month Culmination.”

6895– 111312 “Resolved, to approve that a Special Savings for Housing be implemented with deposit amount not less than P1, 000.00 that earns 8% per annum. The said Special Savings shall be locked-in within 24 months and will be in multiples of P1, 000.00 effective as soon as the contracts are available. Resolved further, that an individual member can only invest up to a maximum amount of P50,000.00. A withdrawal of an investment before the two-year lock-in period cannot avail of the 8% annual interest. If such transpires, the interest rate to be granted will be the ordinary time deposit interest rate. The cut-off date of the investment’s placement will be on January 1, 2013 assuming that the P5 Million ceiling of the investment has been reached.”

6888– 102312 “Resolved, to approve the donation in the amount of P 5,000.00 to be

given to CDA for the Coop month culmination night, on top of the P 260.00 registration fee for those who will join the activity.”

6899– 111312 “Resolved, to allow the Chief Executive Officer to represent the Coop in the Credit Surety Fund Launching on January 8, 2013 and invest P 1 Million. Re-solved further, that this investment will be in a 24-month lock-in period and must be assessed, withdrawn, or renewed after 2 years, depending on the assessment or the condition of the surety fund if it meets the interest of the Coop.”

6889– 102312 “Resolved, as interim policy subject to amendments eventually, that officers, staff and members whose total accumulated loans from all

windows already exceeds P100, 000.00 shall be collateralized.”

6900– 111312“Resolved, to authorize MSU-IIT Coop Academy and Coop Life Assurance

Center to deposit checks in the MSU-IIT MPC Security Bank Account.”

6890– 102312 “Resolved, that the following policy be adhered to: “No new loan accounts shall be extended to a member with previously restructured loan subject to certain conditions as provided in the MSU-IIT MPC’s Credit Policy Manual”.

6901 - 112712“Resolved, to approve the proposed realignment of budget of the Election

Committee with the amount of P 180, 050.00.”

6891– 102312 “Resolved, to allow two (2) Officers and the Branch Managers to join the Developing Cooperators’ Trainor’s Training at Celadon Pension House, Pala-o, Iligan City on October 24-25, 2012. Resolved further, that five (5) Offic-ers and at least 3 Cagayan de Oro Branch Managers are allowed to attend the MASS-SPECC Ownership Meeting on October 26-27, 2012 at CDO City.”

6902 - 112712“Resolved, to accept the joint activity of MSU-IIT MPC’s Gender Committee,

CSR Committee and the Department of Trade and Industry – Iligan as regards the on-going DTI training/seminar on Abaca fibre carpet making which

started on November 27-29, 2012.”

6892– 111312 “Resolved, to authorize the Treasurer and some Coop Managers to participate in the MASS-SPECC training entitled Accounting for non-accountants in the schedule that will be announced by MASS-SPECC.”

6903- 112712“Resolved, that henceforth, Youth Committee members are entitled to a transportation allowance of P 150.00 per member during their Youth com-mittee regular meetings.”

6893– 111312 “Resolved, to allow Dir. Roberto E. Salarza, Dir. Eufemio L. Calio, Dir. Nina Flor B. Batara, Dir. Rodolfo B. Trinidad, CEO Deal Noel D. Benegrado and Ms. Janet A. Hernandez to join the MASS-SPECC Developing Cooperator Trainer’s Forum in Samal Island, Davao provided that all participants have submitted the required documents by MASS-SPECC.”

6904- 112712“Resolved, that Management and Coop Academy must look for place/class-rooms to rent for the students of SY 2013-2014.”

6894– 111312 “Resolved, to formalize the signing of the MOA between NATCCO MBAI and MSU-IIT MPC, with the assumption that the management has studied the said Memorandum of Agreement carefully.”

6905- 112712“Resolved, that the accredited facilitators-trainers namely, Dir. Roberto E. Salarza, Dir. Eufemio L. Calio, Dir. Nina Flor B. Batara, Dir. Rodolfo B. Trinidad, CEO Deal Noel D. Benegrado and BM Janet A. Hernandez will be the author-ized persons to conduct seminars, trainings, courses, and educational events organized by the Institute of Cooperative Studies (ICS) or its Cluster partners in the area as per agreement with MASS-SPECC and that others would also be invited to become trainers.”


6906- 112712“Resolved, to allow the Gender Committee Chairperson Dir. Ludivina G. Car-bonell, Dir. Eufemio L. Calio and Gender Focal Person Ms. Ana B. Flores to join the December 5-6, 2012 - “Public Awareness Conference on Gender Equality in Manila, Philippines.”

6916- 120612“Resolved, to accept the Coop care I-group report rendered by Dir.

Roberto E. Salarza.”

6907- 112712“Resolved, that CSR will handle the “Nurture Trees, Save Earth” tree-nurturing activity in partnership with Mindanao Development Authority – Nurtur-ing Our Waters (MindaNOW) program. This will be a 3-year tree-nurturing partnership with DENR and a People’s Organization (P.O.) Resolved further, that the Coop will donate P25,000 budget for 1 (one) hectare of land which includes 500 seedlings to be nurtured by the local community of the area as part of the program and the budget will be taken from the CSR committee.”

6917- 120612“Resolved, to approve the payment of P1, 200.00 for 2,450 members for the PHIC Kasapi (Igroup) that will benefit our members until December 2013. The total amount is P 2.94 Million to be sourced from our membership protection plan with the cost of 6% per annum and to be collected from the members on a monthly basis.”

6908- 112712“Resolved, to approve the additional payment for the additional 500-square meter lot in the amount of P 10,000.00 which is owned by Mr. Jesus Gaite located at Brgy. Ubaldo Laya, Iligan City.”

6918- 120612“Resolved, to approve the budget of Mr. Rex Sacayan as Website

administrator of MSU-IIT MPC, effective July 2012, based on the rate stated in the contract.”

6909- 112712“Resolved, to approve the guidelines for takers of the Housing cooperative which was presented by Engr. Romeo S. Manzano, Jr., subject to refinements.”

6919- 120612“Resolved, to approve the reactivation of the dormant members of

Sunshine, effective January 2013 in which a re-joining fee of P100.00 will be collected.”

6910- 120612“Resolved, to approve that MSU-IIT MPC will avail of a loan from DBP Credit line facility offered for the Housing Coop project and Coop academy and all in-terests will be charged to the Housing Coop and the Coop Academy. Resolved further, that after a 2-year period, the Savings and Credit operations will pay the loan from its fund, and re-avail of it and all interests incurred will still be charged to the projects that will eventually use the amount loaned.”

6920- 120612“Resolved, to approve the P 20,000.00 donation to MAGROW MPC which is located in Compostela Valley, as they were seriously affected by the Typhoon Pablo. The donation will be charged to CSR Committee.”

6911- 120612“Resolved, to approve the consolidation of the loans of the employees, with the extension of repayment from 5 to 7 years, effective immediately and including the savings accounts of the Coop officers. The Management will formulate its implementing rules and guidelines. Resolved further, that the savings accounts of the elected Coop officers be moved to the Head Office.”

6921- 121812“Resolved, to approve the proposed schedule of the 4th Annual Representative Assembly which will be on March 23, 2013, 7 a.m. to 12 noon and the venue is still for confirmation.”

6912- 120612“Resolved, to approve the suggestion of Dir. Wilfredo A.Dimamay to formulate a new Special Savings product for the Coop Academy. Resolved further, that a contract will be formulated and approved by the Board of Directors.”

6922- 121812“Resolved, to approve the P 80,000.00 donation of MSU-IIT MPC to the Ty-phoon Pablo survivors in Compostela Valley. The management is author-ized to give the donation to the said typhoon survivors and the budget will be taken from the CSR funds.”

6913- 120612“Resolved, to implement the rotation of Management staff in a per cluster basis on a 3-month term starting next year, and the mechanism of which will be handled by top Management.”

6923- 121812“Resolved, to approve the writing-off of accounts presented by the Chief Executive Officer during the December 18, 2012 Regular Board meet-ing, but in so doing the Management is urged to also resurrect the Asset Recovery Unit to collect the said accounts that were written off. Resolved further, that a report to the Board must be submitted periodically regard-ing the progress of the accounts.

6914- 120612“Resolved, to approve the proposal of Management for the release of the 2012 Christmas bonus to employees and elected Officers of MSU-IIT MPC with the amount same given as of the year 2011.”

6915- 120612“Resolved, to approve the upcoming schedules of the Finance and Marketing

Consultations to be conducted by VRV and the training of the Audit Committee to be conducted by NATCCO on December 17-19, 2012 and December 27-29,

2012, respectively.”

6924- 121812“Resolved, that henceforth, Management should periodically submit a written report on a 30-day basis to the Board of Directors. Resolved

further, that this will be a part of the branch’s performance evaluation and key result areas.”


6925- 121812“Resolved, that Dir. Paulino T. Sanchez, Dir. Roberto E. Salarza, Dir. Wilfredo A. Dimamay, CEO Deal Noel D. Benegrado, and Ms. Abegail F. Yamba are the

participants for the “Becoming Whole Brain Leaders” Training on January 8-10, 2013 to be held at Antipolo City.”

6929- 121812“Resolved, to approve the credit line facility, including the agreed guidelines.”

6926- 121812“Resolved, to approve the “Venture capital for social investment” product. Resolved further, that the details be presented by the Management next

meeting.”

6930- 121812“Resolved, to approve the payment for the excavation tax in the amount of P 96, 000.00. Resolved further, that MSU-IIT MPC will donate P10, 000.00 worth of food as a token to the City Environment Municipal Office.”

6927- 121812“Resolved, to approve the car financing loan, including the agreed guidelines.”

6931- 121812“Resolved, to approve that the deferred assets shall be funded by the reserve funds, as per recommendation of the ACCESS auditors. Resolved further that the reserve fund be augmented from the other fund sources .”

6928- 121812“Resolved, to approve the motorcycle financing loan, including the agreed guidelines.”

6932- 121812“Resolved, to authorize the election of a total of 5 Audit Committee members and 5 Election committee membersdespite awaiting the CDA approval of the Amended

Articles of Cooperation andByLaws.”

Yani Jimenez - LacbayenActing BOD Secretary






Notes 2 0 1 2 2 0 1 1

A S S E T S

Current AssetsCash and cash equivalents 4 P 45,002,479 P 41,505,334 Loans receivable- net 5 189,021,073 176,458,364 Other receivables- net 6 17,999,126 12,414,935 Held-to-maturity investments 7 157,685,461 142,316,089 Funds held by trustee / fund managers 8 15,286,065 - Prepayments and other current assets 9 3,711,093 2,807,757

Total Current Assets 428,705,297 375,502,479 Noncurrent Assets

Loans receivable-net 5 282,699,044 217,094,589 Held-to-maturity investments-net 7 9,749,932 1,519,874 Property and equipment-net 10 62,203,472 57,684,144 Investment property 11 2,133,127 2,133,127 Investments in non-marketable equity securities-net 12 12,122,683 11,598,197 Deferred interest on special savings deposits 13 - 40,489,934 Other noncurrent assets 14 1,784,113 1,492,458

Total Noncurrent Assets 370,692,371 332,012,323

TOTAL ASSETS P 799,397,668 P 707,514,802

L I A B I L I T I E S A N D M E M B E R S' E Q U I T Y

Current LiabilitiesDeposit liabilities 15 P 349,290,174 P 291,377,724 Trade and other payables 16 14,886,683 12,162,930 Current portion of long-term debt 17 13,496,731 11,716,090 Interest on share capital and patronage refund payable 19 13,851,623 17,143,522

Total current liabilities 391,525,211 332,400,266 Noncurrent Liability

Long-term debt, net of current portion 16 155,212,408 141,023,551 Total Liabilities 546,737,619 473,423,817

Members' EquityShare Capital

Common shareAuthorized - 5,400,000 shares at P50 par valueSubscribed - 4,355,529 shares in 2012 and 3,509,592 shares in 2011 217,776,450 175,479,600

Preferred shareAuthorized - 600,000 shares at P50 par value - -

Total Share Capital 217,776,450 175,479,600

Donated Capital 988,018 688,018

Unrealized Gain on Funds Held by Trustee 8 286,065 -

Statutory ReservesGeneral reserve fund 19 14,300,504 34,507,399 Cooperative education and training fund 19 1,036,752 2,066,601 Community development fund 19 560,045 916,047 Optional fund 19 17,712,215 20,433,320

Total statutory reserves 33,609,516 57,923,367 Total Equity 252,660,049 234,090,985

TOTAL LIABILITIES AND MEMBERS' EQUITY P 799,397,668 P 707,514,802

(The notes on pages 7 to 29 are an integral part of these financial statements)


STATEMENTS OF FINANCIAL CONDITIONDecember 31, 2012 and 2011

3


Notes 2 0 1 2 2 0 1 1

INCOME FROM CREDIT OPERATIONSInterest income on loans P 88,053,142 P 75,548,102 Income from investments 12,966,206 9,937,280 Interest income on bank deposits 750,980 209,167 Other income 27,278,571 21,432,713 Total income 129,048,899 107,127,262

LESS DIRECT EXPENSESInterest expense 22,726,137 18,460,757 Provision for credit losses 5 12,548,092 12,182,536 Total direct expenses 35,274,229 30,643,293

93,774,670 76,483,969 INCOME - SERVICE OPERATIONS

Coop academy-net 17 2,079,139 1,413,450 Coop assurance-net 17 3,451,091 2,203,002 Total income 5,530,230 3,616,452

INCOME BEFORE OPERATING EXPENSES 99,304,900 80,100,421

OPERATING EXPENSES 18 76,218,861 51,527,884

NET SURPLUS FOR DISTRIBUTION 23,086,039 28,572,537 OTHER COMPREHENSIVE INCOME

Unrealized Gain on Funds Held by Trustee 286,065 - TOTAL COMPREHENSIVE INCOME P 23,372,104 P 28,572,537

DISTRIBUTION OF NET SURPLUS 19General reserve fund P 4,617,208 P 5,714,507 Education and training fund- local 1,154,302 1,428,627 Education and training fund- apex 1,154,302 1,428,627 Community development fund 692,581 857,176 Optional fund 1,616,023 2,000,078 Interest on share capital and patronage refund 13,851,623 17,143,522

UNDISTRIBUTED NET SURPLUS, December 31 P - P -



STATEMENTS OF OPERATIONSFor the Years Ended December 31, 2012 and 2011

4


Note 2 0 1 2 2 0 1 1

SHARE CAPITALCommon share

Balance, January 1 P 175,479,600 P 139,509,900 Additional capital build up 42,296,850 35,969,700 Balance, December 31 217,776,450 175,479,600

DONATED CAPITALBalance, January 1 688,018 688,018 Additions 300,000 - Balance, December 31 988,018 688,018

UNREALIZED GAIN ON FUNDS HELD BY TRUSTEE 8 286,065 -

STATUTORY RESERVESGeneral Reserve Fund

Balance, January 1 34,507,399 28,772,908 Distribution from net surplus 19 4,617,208 5,714,507 Uses of funds/adjustments during the period (24,824,103) 19,984 Balance, December 31 14,300,504 34,507,399

Cooperative Education and Training FundBalance, January 1 2,066,601 2,023,365 Distribution from net surplus 19 1,154,302 1,428,627 Uses of funds/adjustments during the period (2,184,151) (1,385,391) Balance, December 31 1,036,752 2,066,601

Community Development FundBalance, January 1 916,047 858,953 Distribution from net surplus 19 692,581 857,176 Uses of funds/adjustments during the period (1,048,583) (800,082) Balance, December 31 560,045 916,047

Optional FundBalance, January 1 20,433,320 18,696,430 Distribution from net surplus 19 1,616,023 2,000,078 Uses of funds/adjustments during the period (4,337,128) (263,188) Balance, December 31 17,712,215 20,433,320

33,609,516 57,923,367

TOTAL MEMBERS' EQUITY P 252,660,049 P 234,090,985



STATEMENTS OF CHANGES IN MEMBERS' EQUITYFor the Years Ended December 31, 2012 and 2011

5


Notes 2 0 1 2 2 0 1 1

CASH FLOWS FROM OPERATING ACTIVITIESNet surplus for distribution P 23,372,104 P 28,572,537 Adjustments for:

Provision for credit losses 5 12,458,092 12,182,536 Provision for doubtful account 6 249,305 2,094,853 Write offs during the year 5 & 6 (13,371,066) (12,074,090) Unrealized gain on investments 8 286,065 - Depreciation and amortization 10 6,423,324 4,471,842Provision for members' protection plan 18 682,182 740,300 Provision for university cooperative assistance 18 38,394 50,000 Provision for employees' retirement 20 2,145,750 950,000

Net surplus before working capital changes 32,284,150 36,987,978 Changes in working capital:(Increase)decrease in assets:

Loans receivable 5 (77,344,190) (49,548,044) Other receivables 6 (5,762,788) (3,014,039) Prepayments and other current assets (903,336) (614,462)Deferred interest on special savings deposits 13 40,489,934 5,915,172

Increase in current liabilities:Deposit liabilities 15 57,912,450 62,604,557 Trade and other payables 16 2,723,753 1,812,031

Cash generated from operations 49,399,973 54,143,193 Collection from previously written off accounts 756,566 465,480 Payment of interest on share capital and patronage refund (17,143,522) (17,179,054)

Net cash flows provided by operating activities 33,013,017 37,429,619

CASH FLOWS USED IN INVESTING ACTIVITIESAcquisition of property and equipment 10 (15,915,901) (17,760,818) Additions to other noncurrent assets 14 (291,665) (558,579) Additions in held-to-maturity investments 7 (23,599,430) (87,009,575) Additions in funds held by trustee / fund managers 8 (15,286,065) - Additions in investments in non-marketable equity securities 12 (595,194) (2,002,478) Net cash flows used in investing activities (55,688,255) (107,331,450)

CASH FLOWS FROM FINANCING ACTIVITIESAdditions to long-term debt 17 15,969,498 7,450,013Additional members' contribution 42,296,850 35,969,700 Additions to donated capital 300,000 - Disbursement from or adjustment in statutory reserves (32,393,965) (2,428,677) Net cash flows provided by financing activities 26,172,383 40,991,036

NET INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS 3,497,145 (28,910,795)

CASH AND CASH EQUIVALENTS, January 1 41,505,334 70,416,129

CASH AND CASH EQUIVALENTS, December 31 P 45,002,479 P 41,505,334


For the Years Ended December 31, 2011


STATEMENTS OF CASH FLOWS

6


7


NOTES TO FINANCIAL STATEMENTS December 31, 2012 and 2011

NOTE 1 – COOPERATIVE INFORMATION/TAX EXEMPTION MSU-IIT Multi-Purpose Cooperative (The Cooperative) was originally registered with the Bureau of Cooperatives Development on February 16, 1978 under the provisions of Presidential Decree (PD) No. 175 and was confirmed by the Cooperative Development Authority (CDA) on March 22, 1991 with registration no. CR-CGY-025. Under Republic Act (RA) 9520, the Cooperative re-registered with the CDA on January 19, 2010 with registration no. 9520-10006491. The Cooperative’s identification number is CIN-0103100508. On May 16, 2011, the Cooperative was conferred with the Certificate of Good Standing by the CDA and shall be valid and effective until April 30, 2012. As a duly registered Cooperative in accordance with RA no. 6938 (An Act to ordain a Cooperative Code of the Philippines) and as amended by RA no. 9520 (otherwise known as the “Philippine Cooperative Code of 2008”) which took effect on March 22, 2009, the Cooperative dealing/transacting business with members only, is exempt from paying the following taxes:

Income tax on income from operations; Value-Added Tax (VAT) under section 109 pars. ( r ), ( s ), ( t ) and ( u ) of the Tax Code of 1997;

Three percent (3%) percentage tax under section 116 of the Tax Code of 1997;

Donor’s tax on donations to duly accredited charitable, research and educational institutions and

reinvestment to socio-economic projects within the area of operation of the Cooperative;

Excise tax under Title VI of the Tax Code of 1997;

Documentary stamp tax imposed under Title VII of the Tax Code of 1997, provided however, that the other party of the taxable document/transaction who is not exempt shall be the one directly liable for the tax; and

Annual registration fee of P500 under section 236 (B) of the Tax Code of 1997.

The Cooperative obtained its new certificate of tax exemption (CTE) from the Bureau of Internal Revenue as required by RA 9520 on December 27, 2011. The CTE is valid for 5 years or until December 31, 2016 unless revoked earlier by the BIR. The Cooperative’s new principal place of business is located at 2nd Floor, MSU-IIT MPC Building, Quezon Avenue Ext., Palao, Iligan City. It maintains branch offices at Barangays of Palao, Kiwalan, Buru-un, Tubod, Poblacion, Suarez (all in Iligan City) and Maranding in Lala, Lanao del Norte, Manticao in Misamis Oriental and Bulua, Cogon, Carmen and Puerto in Cagayan de Oro City with satellite offices at Tubod, Lanao del Norte. The Cooperative also operates an academy and assurance center. On various dates in 2012, the Cooperative expanded its operations and opened four (4) more branches and one (1) satellite as follows:

o February 18, 2012 Puerto Branch – Cagayan de Oro City o March 8, 2012 J.C. Aquino Branch – Butuan City o October 18, 2012 Langihan Branch – Butua City o August 18, 2012 Pagadian Branch – Pagadian City o October 20, 2012 Laguindingan Satellite – Laguindingan, Misamis Oriental

The financial statements for the year ended December 31, 2012 were approved and authorized for issue by the Board of Directors on March 5, 2013.


8

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING AND FINANCIAL REPORTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with Financial Reporting Standards applicable to Cooperatives in the Philippines, taking into consideration Cooperative laws, rules, regulations, and principles using the historical cost basis of accounting. The financial statements are presented in Philippine pesos, the Cooperative’s functional currency and all values represents absolute amounts except when otherwise indicated. To facilitate the understanding of the financial statements, the more significant accounting policies and practices of the Cooperatives are summarized as follows: PAS 1 -“Presentation of Financial Statements” - Provides framework of financial statements presentation. It requires more specific statement of financial condition line items such as tax liabilities, provisions, non-current interest-bearing debt, among others; financial statements must be comparative; and has a number of new disclosure requirements. The standard also requires presentation of comparative information. PAS 8 - “Accounting Policies, Changes in Accounting Estimates and Errors” – The standard is applied in selecting and applying accounting policies and accounting for changes in accounting policies, changes in accounting estimates and correction of prior period errors. PAS 10 -“Events After Reporting Date” – The standard is applied in the accounting for and disclosure of events after the reporting date. PAS 16 -“Property and Equipment” – The standard provides additional guidance and clarification on recognition and measurement of property and equipment; requires capitalization of the costs of asset dismantling, removal or restoration; and requires measurement of an item of property and equipment acquired in exchange for a non-monetary asset or a combination of monetary and non-monetary assets at fair value, unless the exchange transaction lacks commercial substance. The standard also provides guidelines for derecognition (e.g., disposal). PAS 19 - “Employee Benefits” – Prescribes the accounting and disclosure for employee benefits, including short- term benefits( wages, annual leave, sick leave, annual profit-sharing bonuses, and non-monetary benefits); pensions, post- employment life insurance and medical benefits and other long –term employee benefits (long-service lease, disability, deferred compensation, long-term profit sharing and bonuses, and equity compensation). PAS 24 -“Related Party Transactions” – This standard applies in: (a) identifying related party relationship transactions; (b) identifying outstanding balances between an entity and its related parties; (c) identifying the circumstances in which disclosures to be made about these items. PAS 36 – “Impairment of Assets” – This standard applies in accounting for the impairment of assets other than those covered by separate standards. PAS 2 –“Inventories” – Prescribes the accounting treatment for inventories. PAS 7 –“Cash Flow Statements”- Prescribes the provision of information about the historical changes in cash and cash equivalents of an entity by means of a cash flow statement which classifies cash flows during the period from operating, investing and financing activities. PAS 38 –“Intangible Assets” – Prescribes the accounting treatment for Intangible Assets not dealt with specifically in another standard. PAS 32 and 39 –“Financial Instruments”-Prescribes the accounting treatment, presentation and disclosure requirements for Financial Instruments. PAS 40 – “Investment Property” – Prescribes the accounting treatment and disclosure requirements for Investment Property.


9

The Cooperative adopted all applicable PFRS, except for items presented and discussed below as allowed by Philippine Financial Reporting Standards applicable to Cooperative laws, rules, regulations and principles:

Classification of members’ shares as financial liability as required by Philippine Accounting Standard (PAS) 32.

Apply retrospective restatement when the Cooperative changes an accounting policy or reclassifies items that affects income expense as required by PAS 1 (revised 2007).

Under PAS 18, interest income shall be recognized using effective interest method as set out in PAS 39

paragraph 9. However, for credit and other Cooperatives, recognition of interest income is on a modified accrual basis (i.e., interest income, fines, penalties and surcharges shall be recognized when earned and actually collected). This is so because only interest income, fines, penalties and surcharges on loans receivable that has been realized ( i.e., earned and collected) shall be the basis of the income available for distribution to its members through interest on share capital and patronage refund.

Functional and Presentation Currency Items included in the Cooperative’s financial statements are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The financial statements are presented in Philippine Peso, which is the Cooperative’s functional and presentation currency. Financial Assets Financial assets include cash and other financial instruments. The Cooperative classifies its financial assets, other than hedging instruments, into either of the following categories: loans and other receivables and held-to-maturity investments and investments in non-marketable equity securities. Financial assets are assigned to the different categories by management on initial recognition, depending on the purpose for which the investments were acquired. The designation of financial assets is re-evaluated at every reporting date at which date, a choice of classification or accounting treatment is available, subject to compliance with specific provisions of applicable standards.

Cash and cash equivalents comprise of cash on hand, deposits with banks, and other short-term highly liquid investments with original maturities of three months or less from dates of acquisition, and time deposits with banks that can be pre-terminated anytime.

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not

quoted in an active market. They arise when the Cooperative provides money to the members with no intention of trading the receivables. They are included in current assets, except for maturities greater than 12 months after the end of the financial reporting period which are classified as non-current assets.

Allowance is provided when there is objective evidence that the Cooperative will not be able to collect all amounts due to it in accordance with the original terms of the receivables. Allowance for probable losses is maintained at a level considered adequate to provide for potential losses on loans and other resources. The allowance is increased by provision charged to operations and reduced by write-offs. The allowance is set up at the higher of the amount based on management’s evaluation of potential losses after consideration of prevailing and anticipated economic conditions and with the amount arrived at after considering the following provisioning requirement on past due loans:

Allowance required as a

percent to past due loans

Past due for 1 to 365 days 35% Past due for more than 365 days 100%


10

Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and a fixed date of maturity. Investments are classified as held-to-maturity if the Cooperative has the positive intention and ability to hold them until maturity. In addition, if there is objective evidence that the investment has been impaired, the financial asset is measured at the present value of estimated cash flows. Any changes to the carrying amount of the investment are recognized in profit or loss.

Investments in non-marketable securities (INMES) refer to equity instruments that do not have a quoted market price in an active market, and whose fair value cannot be reliably measured. INMES shall be measured upon initial recognition at fair value plus transaction costs that are directly attributable to the acquisition of the security. After initial recognition, the Cooperative shall measure INMES at cost. A gain or loss arising from the changes in fair value of the INMES shall be recognized in the statement of operations when the security is derecognized or impaired. The Cooperative shall assess at each time it prepares its financial statements whether there is any objective evidence that an INMES is impaired. If there is objective evidence that an impairment loss has been incurred on an INMES, the amount of impairment loss is measured as the difference between the carrying amount of the security and the estimated future cash flows discounted at the current market rate of return for a similar financial instrument.

Prepayments Payments made in the current year that will be used in the future periods are carried as prepayments and to be amortized over the period benefited. Property and Equipment Property and equipment are initially stated at cost less subsequent depreciation, amortization and any impairment losses. The initial cost of property and equipment comprises its construction cost or purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditures incurred after the fixed assets have been put into operation, such as repairs and maintenance, are normally charged to expense as incurred. In situations where it can be clearly demonstrated that the expenditures have resulted an increase in the future economic benefits expected beyond its originally assessed standard of performance, the expenditures are capitalized as an additional cost of property and equipment. Depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows:

Range Land improvements 2-20 years Building and improvements 2-20 years Furniture, fixtures and transportation equipment 2-5 years Other properties 2 years

The useful life and depreciation method are reviewed periodically to ensure that such useful lives and depreciation method are consistent with the expected pattern of economic benefits from the use of property and equipment. Construction in progress represents properties under construction and is stated at cost. The account is not depreciated until such time that the assets are completed and available for use. An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss on derecognition of the asset is included in the income statement in the year the item is derecognized. Investment Property Investment property is measured at acquisition cost. Investment property is derecognized upon disposal or when permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gain or loss on the retirement or disposal of an investment property is recognized in the statement of operation in the year of retirement or disposal.


11

Intangible Assets Intangible assets include acquired licenses on computer software used in administration which is accounted for under the cost model. The cost of the asset is the amount of cash or cash equivalents paid to acquire an asset. Capitalized costs are amortized on a straight-line basis over the estimated useful lives ranging from 2 to 4 years as the lives of these intangible assets are considered limited. Costs associated with maintaining computer software are expensed as incurred. Recognition of Revenue Revenue is recognized to the extent that it is probable that the economic benefits associated with the transactions will flow to the Cooperative and the revenue can be reliably measured. Revenues from transactions of the Cooperative are recognized on a modified accrual basis as follows:

Interest on loans, services fees, fines, penalties and surcharges. As a rule, cooperatives adopt the accrual basis of accounting. However, for credit and other cooperatives, recognition of revenues is on a modified accrual basis (i.e., interest income, fines, penalties and surcharges shall be recognized when earned and actually collected). This so because only interest income, fines, penalties and surcharges on loans receivable that has been realized (i.e. earned and collected) shall be the basis of the income available for distribution to its members through interest on share capital and patronage refund.

Interest income on deposits and investments. Income is recognized as the interest accrues taking into

account the effective yield on the assets.

Rendering of services. Revenue from school operations and coop assurance are recognized based on accrual method of accounting.

Costs and expenses, not directly attributable to capitalizable assets or projects, are recognized in the statement of operations upon utilization of the service and goods or at the date they are incurred. Finance costs are reported on an accrual basis.

Operating Leases The determination of whether an arrangement is, or contains a lease is based on the substance of the arrangement and requires an assessment of whether the fulfillment of the arrangement is dependent on the use of the specific asset or assets and the arrangement conveys a right to use the asset. A reassessment is made after the inception of the lease only if one of the following applies:

a. There is a change in contractual terms, other than a renewal or extension of the arrangement; b. A renewal option is exercised or extension granted, unless that term of the renewal or extension was

initially included in the lease term; c. There is a change in the determination of whether fulfillment is dependent on a specified asset; d. There is a substantial change to the asset.

When a reassessment is made, lease accounting shall commence or cease from the date when the change in circumstances gave rise to the reassessment for scenarios a, c or d; and at the date or renewal or extension period for scenario b. Cooperative as lessee Leases where the lessor retains substantially all the risks and benefits of ownership of the assets are classified as operating leases. Operating lease payments are recognized as expense in the profit or loss on a straight line basis over the lease term.


12

Cooperative as lessor Leases where the members of the Cooperative do not transfer all the risks and benefits of ownership of the assets are classified as operating leases. Initial direct costs incurred in negotiating operating leases are added to the carrying amount of the leased asset and are recognized over the lease term on the same basis as the rental income. Contingent rents are recognized as revenue in the year in which they are earned. Impairment of Assets The carrying amounts of the Cooperative’s financial assets are reviewed at the end of the reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. An impairment loss is recognized whenever the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. Financial Liabilities Financial liabilities include regular and special savings, and time deposits, trade and other payables, as well as interest on Share Capital and Patronage Refund Payable to the Cooperative’s members. These are recognized when the Cooperative becomes a party to the contractual agreements of the instrument. Trade payables are recognized at their nominal value. Interest on Share Capital and Patronage Refund payable are recognized as financial liabilities based on the Cooperative’s By-laws as well as Cooperative laws and regulations. Financial liabilities are derecognized from the financial statements only when the obligations are extinguished either through discharge, cancellation or expiration. Foreign Currency Transaction The accounting records of the Cooperative are maintained in Philippine pesos. Foreign currency transactions during the year are translated into the functional currency at exchange rates which approximate those prevailing on transaction dates. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of operations. Employee Benefits Short-term employee benefits Short-term employee benefits are recognized as expense in the period when the economic benefits are given. Unpaid benefits at the end of the accounting period are recognized as accrued expense while benefits paid in advance are recognized as prepayment to the extent that it will lead to a reduction in future payments. Short-term benefits given by the Cooperative to its employees include salaries and wages, social security contributions, short-term compensated absences, bonuses and non-monetary benefits. Post- employment benefits The Cooperative has a non-contributory defined retirement benefit plan covering all of its regular employees. The amount of benefits given is equal to one month base pay for each year of service based the employee’s monthly basic salary provided that he/she has rendered an aggregate of at least 10 years of service to the Cooperative. Annually, the Cooperative provides for the estimated retirement benefits required under the plan determined using the simple mathematical computation. Termination benefits Termination benefits are payable when employment is terminated by the Cooperative before the normal retirement date or when the employee accepts voluntary redundancy in exchange of these benefits. Compensated benefits Compensated benefits are recognized for the number of paid leave days (including holiday entitlement) remaining at the end of the reporting period. These are included in accounts payable and accrued expenses.


13

Provisions Provisions are recognized when present obligations will probably lead to an outflow of economic resources and they can be estimated reliably even if the timing or amount of the outflow may still be uncertain. A present obligation arises from the presence of a legal or constructive commitment that has resulted from past events. Provisions are measured at the estimated expenditure required to settle the present obligation, based on the most reliable evidence available at the balance sheet date, including the risks and uncertainties associated with the present obligation. Any reimbursement expected to be received in the course of settlement of the present obligation is recognized, if virtually certain as a separate asset, not exceeding the amount of the related provision. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. Provisions are reviewed at the end of the reporting period and adjusted to reflect the current best estimate. In those cases where the possible outflow of economic resource as a result of present obligations is considered improbable or remote, or the amount to be provided for cannot be measured reliably, no liability is recognized in the financial statements. Probable inflows of economic benefits that do not yet meet the recognition criteria of an asset are considered contingent assets, hence, are not recognized in the financial statements. Borrowing Costs Borrowing costs include interest charges and other costs incurred in connection with the borrowing of funds. These are recognized as expenses when incurred except when such costs relate to a qualifying asset, in which case, borrowing costs incurred will be capitalized. A qualifying asset is an asset hat necessarily takes a substantial period of time to get ready for its intended use or sale. Accounting for Income Tax The Cooperative is exempt from all government taxes for its transactions with members, and therefore cannot apply the PAS for income taxes because of its tax-exempt nature. However, the taxes on its unrelated income are accounted for in accordance with PAS 12, “Accounting for income taxes”. Related Party Transactions Related party relationships exist when one party has the ability to control, directly or indirectly through one or more intermediaries, the other party or exercise significant influence over the other party in making financial and operating decisions. Such relationships also exist between and/or among entities which are under common control with the reporting enterprise, or between and/or among the reporting enterprises and their key management personnel, directors, or its members. Events After the End of the Reporting Period Events after the end of reporting period are those events, favorable and unfavorable, that occur between the end of reporting period and the date when the financial statements are authorized for issue. Adjusting events are those that provide evidence of conditions that existed at the end of the reporting period and lead to adjustments of financial statements. Non-adjusting events are those that are indicative of the conditions that arose after the end of reporting period and do not lead to adjustments but only to disclosures in the financial statements. Accounts Peculiar to the Cooperatives The following accounts are peculiar to a cooperative due to its nature as well as adherence to cooperative laws, issued policies, rules and regulations, as well as cooperative principles and practices: ASSETS:

Cash in Cooperative Federation – refers to money deposited in federations which are unrestricted and readily available when needed. These are treated as cash and other cash equivalents.


14

Due from Accountable Officers and Employees –refers to total collectibles from shortages and other losses due from accountable officers and employees that are subject to immediate settlement/sanction. These are recognized at cost, less allowance for impairment, if any.

Cooperative Development Cost – refers to expenses incurred prior to the actual operations of the

Cooperative. These are recognized at cost, subject to amortization for a period not exceeding 3 years

Other Funds and Deposits – refers to funds set aside for funding of reserves (Statutory and Other Reserves) established by the Cooperative such as Retirement, Mutual Benefit and Other Funds. These are recorded at cost.

LIABILITIES:

Interest on Share Capital Payable – refers to the liability of the Cooperative to its members for interest on share capital, which can be determined only at the end of every year.

Patronage Refund Payable – is the liability of the Cooperative to its member and patrons for patronage

refund, which can be determined only at the end of every year.

Due to Union / Federation (CETF) – is an amount set aside for the education and training fund of an apex organization wherein 50% of the amount is allocated by the Cooperative in accordance with provision of the Cooperative’s by-laws and the Cooperative Code. The apex organization may either be a federation or union of which the Cooperative is a member.

Revolving Capital Payable – is the deferred payment interest on share capital and patronage refund whose payment has been withheld, which should be agreed-upon in the General Assembly.

Project Subsidy Fund Payable – unused portion of the donation/grant for training, salaries & wages, etc.

Mutual Benefit and Other Funds Payable – are funds for special purposes such as members’ welfare & benefits, (i.e., loan protection, hospitalization, death, scholarship assistance, etc.) including provision for accidents not taken from net surplus.

EQUITY: Donations/ Grants – are amounts received by the Cooperative as awards, subsidies, grants, aids and others.

This shall not be available for distribution as interest on share capital and patronage refund, and shall form part of the member’s equity in the Statement of Financial Condition.

Statutory Funds – are mandatory funds established/set up in accordance with Articles 86 and 87 of the Cooperative Code. These are as follows:

Reserve Fund – amounts set aside for the stability of the Cooperative and to meet net losses in its operations. It is equivalent to at least 10% of the net surplus. A corresponding fund should be set up either in the form of time deposit with local banks or government securities. Only the amount in excess of the paid up share capital may be used for the expansion and authorized investment of the Cooperative as provided for in its By-laws.

Education and Training Fund – an amount retained by the Cooperative out of the mandatory allocation as stipulated in the Cooperative’s by-laws but shall not be more than10% of the net surplus.

Community Development Fund – This is, at the minimum, 3% of the net surplus. This is used for

projects or activities that will benefit the community where the Cooperative operates.

Optional Fund – fund set aside from the net surplus (should not exceed 10%) for future use such as land and building, community developments, etc.


15

EXPENSES: General Assembly Meeting – expenses incurred in the conduct of regular/special general assembly.

Member’s Benefit – all expenses incurred for the benefit of the members.

Affiliation Fee - amount incurred to cover membership or registration fees and annual dues to a federation

or union.

Social & Community Service – expenses incurred by the Cooperative in its social community involvement including solicitations and donations to charitable institutions.

Provision for Member’s Future Benefits – amount set up for future benefit of members, such as pension of members, etc. not taken from net surplus.

OTHER ITEMS:

Project Subsidy – refers to the amount deducted from project subsidy fund to subsidize project expenses. This shall appear in the statement of operation as a contra account to Subsidized Project Expenses.

Donation and Grant subsidy – refers to an amount deducted from Donations and Grants account to subsidize depreciation funded by donations and grants.

Optional Fund Subsidy – refers to an amount deducted from Optional Fund to subsidize depreciation funded by Optional Fund and /or community development expense.

NOTE 3 - CRITICAL ACCOUNTING ESTIMATES, JUDGMENTS AND ASSUMPTIONS Management’s Use of Judgments and Estimates The financial statements, prepared in conformity with Financial Reporting Standards applicable to cooperatives in the Philippines, taking into consideration cooperative laws, rules, regulations and principles, requires the management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Those estimates, judgments and assumptions used on the financial statements are based on management’s evaluation of relevant facts and circumstances as of date of the financial statements. Actual results could differ from such estimates. The key estimates, judgments and assumptions concerning the future that has a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below: Judgments

Selecting Functional Currency Based on the economic substance of the underlying circumstances relevant to the Cooperative, its functional currency has been determined to be the Philippine Peso. The Philippine peso is the currency that mainly influences the Cooperative’s recognition and measurement of revenue and expenses.

Classification of Financial Instruments

The Cooperative classifies a financial instrument, or its component parts, on initial recognition as a financial asset, a financial liability or an equity instrument in accordance with the substance of the contractual agreement and the definitions of a financial asset, a financial liability or an equity instrument. The substance of a financial instrument rather than its legal form, governs its classification in the statement of financial condition.


16

Determination of Operating Lease The Cooperative has entered into various lease agreements as a lessor and as lessee. Cooperative as lessee The Cooperative has determined that lessor retains all significant risks and rewards of ownership of its properties that are leased out on an operating lease. Cooperative as lessor The Cooperative has determined that it retains all significant risks and rewards of ownership of its properties that are leased out on an operating lease.

Legal Contingencies The estimate of probable costs for the resolution of possible claims is developed in consultation with outside counsel handling the Cooperative’s complaints in these matters and is based upon an analysis of potential results. As of December 31, 2021 and 2011, there are no significant legal cases filed against the Cooperative and no provision for probable losses arising from legal contingencies was recognized in the Cooperative’s financial statements.

Estimates and Assumptions

Estimation of Allowance for Probable Losses Provisions are made for accounts identified to be doubtful of collection. The level of allowance is evaluated based on historical loss experience, current economic conditions, subsequent and possible collections and other risk factors obtained during the review of the status of existing receivables. Loans receivable, net of allowance for credit losses, amounted to P 471,720,117 in 2012 and P 393,552,953 in 2011.

Estimation of Useful Lives of Property and Equipment

The Cooperative estimates the useful lives of property and equipment based on the period over which the assets are expected to be available for use. The estimated useful lives of property and equipment are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the assets. In addition, estimation of the useful lives of property and equipment is based on collective assessment of industry practice, internal technical evaluation and experience with similar assets. It is possible, however, that future results of operations could be materially affected by changes in estimates brought about by changes in factors mentioned above. The amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. A reduction in the estimated useful lives of property and equipment would increase recorded operating expenses and decrease non-current assets. Property and equipment, net of accumulated depreciation amounted to P 62,203,472 in 2012 and P 57,684,144 in 2011.

Impairment of Property and Equipment

The Cooperative assesses at each reporting period whether there is an indication that property and equipment may be impaired. Determining the value in use of property and equipment, which require the determination of future cash flows expected to be generated from the continued use and ultimate disposition of such assets, requires the Cooperative to make estimates and assumptions that can materially affect the financial statements. Future events could cause the Cooperative to conclude that property and equipment is impaired. Any resulting impairment loss could have a material adverse impact on the Cooperative’s financial position and results of operations.

The preparation of the estimated future cash flows involves significant judgments and estimates. While the Cooperative believes that the assumptions are appropriate and reasonable, significant changes in the assumptions may materially affect the assessment of recoverable values and may lead to future impairment charges.


17

NOTE 4 – CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of:

2 0 1 2 2 0 1 1 Cash on hand and in banks P 41,301,189 P 37,909,575 Short-term placements 3,701,290 3,595,759

P 45,002,479

P 41,505,334 Cash in banks generally earn interest at rates based on daily bank deposit rates. Short-term placements are made for varying periods between 1 to 3 months and earned interests ranging from 4.8% to 10.5% in 2012 and 2011. Cash on hand includes chief cashier cash and checks, and petty cash and revolving funds amounting to P 11,837,454 in 2012 and P 8,480,003 in 2011. NOTE 5 – LOANS RECEIVABLE Loans receivable consist of:

Multi-purpose P 376,449,993 P 312,773,135 Short-term 67,994,929 59,820,932 Petty cash 18,022,458 14,520,591 Car/equipment/appliance 10,946,100 9,197,141 Marketing/medicines/PO’s 5,129,284 5,395,303 COSA real 4,858,283 5,468,215 Livelihood 3,489,038 2,573,418 Back-to-back 1,268,576 1,065,736 488,158,661 410,814,471 Less allowance for credit losses 16,438,544 17,261,518

P 471,720,117

P 393,552,953 The reconciliation of allowance for credit losses on loans follows:

Balance, beginning P 17,261,518 P 16,536,240 Provision 12,548,092 12,182,536 (Write-offs)reversals (13,371,066) (11,457,258) Balance, end

P 16,438,544

P 17,261,518

The above loans are provided to the Cooperative members to finance their various needs. These loans bear interest at the rate of 1% to 2% a month and are collectible over a period of 1 to 5 years. The portion that becomes due in the next twelve months is presented as part of the current assets. These loans are mostly secured by savings and share capital of the member-borrowers. The maturity profile of loans receivable follows:

Due within 1 year P 189,021,073 P 176,458,364 Due beyond 1 year 282,699,044 217,094,589

P 471,720,117

P 393,552,953

Past due accounts included in the foregoing, amounted to P 38,693,645 in 2012 and P 37,545,773 in 2011.


18

The age of past due accounts follows:

2 0 1 2 2 0 1 1 Not more than 2 months P 12,029,620 P 10,952,530 More than 2 months but not more than 6 months 9,768,423 7,585,274 More than 6 months but not more than 1 year 8,027,052 10,074,912 More than 1 year 8,868,550 8,933,057

P 38,693,645

P 37,545,773 NOTE 6 – OTHER RECEIVABLES Other receivables consist of:

Accrued interest on investments P 7,131,575 P 3,260,640 Student 3,818,066 2,742,767 Remittance to Coop Life Insurance and Mutual Benefit

Services Climbs

2,233,167

1,371,341 Loan to National Confederation of Cooperatives

(NATCCO) MBA, Inc.

1,945,239

2,000,000 Banco Filipino 1,265,906 1,265,906 Photocopy division 718,047 718,047 Cash advances to officers and employees 332,245 415,722 Others 4,094,463 4,001,497 21,538,708 15,775,920 Less: allowance for doubtful accounts 3,539,582 3,360,985

P 17,999,126

P 12,414,935 The reconciliation of allowance for doubtful accounts follows:

Balance, beginning P 3,360,985 P 1,882,964 Provision 178,597 2,094,853 (Write offs)reversals - (616,832) Balance, end

P 3,539,582

P 3,360,985

Accounts receivable- Banco Filipino and Photocopy division are fully provided with allowance for doubtful accounts. Accrued interest receivable pertains to interest receivable from short term placements to Natcco and Mass Specc. Other receivable includes of receivable from account officers for their motor plan and various receivables from both active and inactive members which are non-interest bearing. NOTE 7 – HELD–TO–MATURITY INVESTMENTS Held-to-maturity investments consist of:

MASS-SPECC central fund- time deposit P 105,664,133 P 85,981,490 NATCCO loan fund 59,501,888 57,592,745 Other investments 2,269,372 261,728 167,435,393 143,835,963 Less: Held-to-maturity investment – non-current 9,749,932 1,519,874 Held-to-maturity investments – current

P 157,685,461

P 142,316,089


19

Investments with Natcco and Mass-Specc earn interests ranging from 8.5% to 10.50 % per annum and with maturities of 1 to 5 years. The Cooperative carries these investments at cost. All interests and dividends are recognized as income when received. When there is a significant and apparently permanent decline in value of investments, as indicated by a series of operating losses of an investee or other factors, the carrying amount of the investment is written down to its fair value. NOTE 8 – FUNDS HELD BY TRUSTEE This consists of funds invested by the trustee in equity and / or fixed income securities in accordance with the investment program approved by the Cooperative. It amounted to P 15,286,065 in 2012. The shares were presented at fair value as at December 31, 2012 with the change in fair value recognized as unrealized gain on funds held by trustee amounting to P 286,065. NOTE 9 – PREPAYMENTS AND OTHER CURRENT ASSETS Prepayments and other current assets consist of:

2 0 1 2 2 0 1 1 Prepaid expenses P 2,161,588 P 1,361,745 Unused supplies 955,630 832,846 Memorial lots 422,898 440,518 Others 170,977 172,648

P 3,711,093

P 2,807,757

NOTE 10 – PROPERTY AND EQUIPMENT Property and equipment consist of:

January 1, Reclassed/ December 31, 2012 Additions Disposal 2012 Cost Land and improvements P 12,653,138 - - P 12,653,138 Building and improvements 43,197,165 10,127,042 451,797 52,872,410 Office, furniture and fixtures, transportation and other equipment 16,983,507 5,788,859 334,236 22,438,130 Construction in progress 4,892,196 - 4,892,196 - 77,726,006 15,915,901 5,678,229 87,963,678 Accumulated Depreciation Building and land improvements 9,168,619 3,194,922 451,797 11,911,744 Office, furniture and fixtures, transportation and other equipment 10,873,243 3,228,402 253,183 13,848,462 20,041,862 6,423,324 704,980 25,760,206 Net Book Value P 57,684,144 9,492,577 4,973,249 62,203,472


20

January 1, Reclassed/ December 31, 2011 Additions Disposal 2011 Cost Land and improvements P 12,080,371 572,767 - P 12,653,138 Building and improvements 12,120,977 31,246,957 170,769 43,197,165 Office, furniture and fixtures, transportation and other equipment 13,289,065 3,791,443 97,001 16,983,507 Construction in progress 22,742,545 13,529,328 31,379,677 4,892,196 60,232,958 49,140,495 31,647,447 77,726,006 Accumulated Depreciation Building and land improvements 7,595,458 1,743,930 170,769 9,168,619 Office, furniture and fixtures, transportation and other equipment 8,242,332 2,727,912 97,001 10,873,243 15,837,790 4,471,842 267,770 20,041,862 Net Book Value P 44,395,168 44,668,653 31,379,677 57,684,144

The Cooperative believes that there is no impairment on the property and equipment and that its net book value can be recovered through use in operations. NOTE 11 – INVESTMENT PROPERTY The Cooperative’s investment property includes a parcel of land intended for the housing project to members. These are recorded at cost. NOTE 12 – INVESTMENT IN NON-MARKETABLE EQUITY SECURITIES - net These consist of:

2 0 1 2 2 0 1 1 Coop Life Insurance and Mutual Benefit Services (CLIMBS) P 5,998,760 P 5,011,790 National Confederation of Cooperatives (NATCCO) 3,241,117 3,497,104 MASS-SPECC Cooperative Development Center 2,405,699 2,190,845 Other investments 547,815 898,458 12,193,391 11,598,197 Less: Allowance for impairment loss 70,708 -

P 12,122,683

P 11,598,197

Other investments consist of investment in MINSAVE, PFCCO, PFWCI, CUIC and Coop Funeral Care. The Cooperative’s management noted that the going concern of some of the Companies composing the other investments is already doubtful. Accordingly, an allowance for impairment loss was provided for those investments. NOTE 13 – DEFERRED INTEREST ON SPECIAL SAVINGS DEPOSITS This represents interest expense on Special Savings deposits (Note 17) in years prior to 2010 which were accrued on the current year and will be amortized over a period of 5 to 10 years pending clearance and opinion from CDA on the appropriate acceptable treatment of such matter. However, in 2012 the BOD and the management decided to close the outstanding balance of the account to the Cooperative’s statutory reserves.


21

NOTE 14 – OTHER NONCURRENT ASSETS Other noncurrent assets consist of:

2 0 1 2 2 0 1 1 Deposit on rent P 531,799 P 544,523 Refundable deposits 140,068 3,617 Others – net of amortization and allowance for impairment loss

1,112,246

944,318

P 1,784,113

P 1,492,458

Others include books and references of the Coop Academy which is fully provided with allowance for impairment loss, miscellaneous assets and computerization cost (licensed software). Amortization expense of the computerization cost amounts to P 395,982 in 2012 and P 238,979 in 2011. NOTE 15 – DEPOSIT LIABILITIES Deposit liabilities consist of:

Savings P 218,866,391 P 174,304,082 Time 130,423,783 117,073,642

P 349,290,174

P 291,377,724 The savings deposits earn interest at 2% per annum and 4.6% to 6.5% per annum for time deposits. NOTE 16 – TRADE AND OTHER PAYABLES Trade and other payables consist of:

Trade payable account includes payables to suppliers of goods and services of the Cooperative. Due to Union / Federation (CETF) represents unremitted balance of CETF set aside as share of the union / federation on the net surplus of the Cooperative.

Trade P 4,057,767 P 3,681,964 Accrued expenses 2,104,753 1,340,860 Notarial fee 1,797,810 1,337,726 Due to Union / Federation (APEX) 1,154,301 1,609,007 Others 5,772,052 4,193,373

P 14,886,683

P 12,162,930


22

NOTE 17 – LONG-TERM DEBT Long-term debt consists of:

2 0 1 2 2 0 1 1 Special savings P 123,576,356 P 106,435,779 Members’ protection fund 29,959,782 35,243,482 Employees’ retirement payable 8,101,628 5,969,707 Healthcare and other funds 7,071,373 5,090,673 168,709,139 152,739,641 Less: current portion 13,496,731 11,716,090

P 155,212,408

P 141,023,551

NOTE 18 - SERVICE OPERATIONS Service operations consist of:

Coop Academy Tuition fees- net P 4,696,497 P 3,876,283 School related fees 1,249,093 1,069,278 Income from books, uniforms, and others 1,906,728 1,966,169 7,852,318 6,911,730 Less: Operating expenses 5,773,179 5,498,280

P 2,079,139 P 1,413,450

Coop Assurance Commission P 4,506,943 P 3,129,153 Coop Care membership fee 422,086 467,700 Other income 196,200 - 5,125,229 3,596,853 Less: Operating expenses 1,674,138 1,393,851

P 3,451,091 P 2,203,002

NOTE 19 – OPERATING EXPENSES This account consists of:

Members’ and Personnel Cost Salaries and wages P 21,818,724 P 13,498,551 Allowances, honoraria and per diems 9,118,253 6,714,185 13th month pay and other employee’s benefit 4,842,970 3,727,762 General Assembly 4,215,926 3,919,961 Trainings and seminars 2,217,973 1,291,637 Provision for employees’ retirement 2,145,750 950,000 SSS, Philhealth and HDMF contributions 1,903,609 1,253,893 Staff and faculty development 1,160,435 403,960 Provision for university cooperative assistance 38,394 50,000

P 47,462,034 P 31,809,949


23

2 0 1 2 2 0 1 1 Administrative Expenses Depreciation and amortization P 6,185,824 P 4,078,285 Promotions 3,236,008 603,365 Rent 2,749,241 1,683,885 Office supplies 2,426,171 1,557,042 Security services 1,666,338 1,102,062 Light, power and water 1,592,655 1,287,256 Communication 1,335,556 618,084 Insurance 1,317,289 815,592 Repairs and maintenance 1,017,860 651,733 Travel and transportation 894,974 617,064 Taxes, fees and charges 782,327 120,436 Professional fees 781,595 368,855 Meetings and conferences 695,146 683,128 Provision for members’ protection 682,182 740,300 Fuel and lubricant 624,145 510,127 Provision for doubtful accounts 267,305 1,996,262 Entertainment, amusement and recreation 108,119 169,656 Miscellaneous 2,394,092 2,114,803

P 28,756,827 P 19,717,935

TOTAL OPERATING EXPENSES

P 76,218,861 P 51,527,884 NOTE 20 – DISTRIBUTION OF NET SURPLUS Under the Cooperative’s By-laws, the net surplus shall be allocated as follows:

a.) Ten percent (10%) of the yearly net surplus is set-aside for the Cooperative Education and Training Fund (CETF). One half of this amount, which is to be utilized by the cooperative for the education and training of its officers and members, is presented as part of the “Statutory Reserves” account. The other half, which is to be remitted to certain cooperative apex organization, is presented under current liabilities;

b.) Ten percent (10%) of the yearly net surplus is set-aside for the General Reserve Fund (GRF); and c.) After providing for the above reserves, the remaining net surplus shall be allocated for other reserves as

determined by the Board of Directors. Interest on capital and patronage refund shall also be determined by the Board of the Directors, provided that interest on capital does not exceed the rate as prescribed by the CDA. Net surplus is distributed / divided only at December 31.

On March 5, 2013, the BOD approved the following distribution of the net surplus:

General reserve fund 20% Education and training fund 10% Cooperative development fund 3% Optional funds 7%

After providing the above reserves, the remaining net surplus shall be allocated for the interest on share capital and patronage refund.


24

NOTE 21 – RETIREMENT BENEFITS The Cooperative provides for the estimated retirement benefits required to be paid under RA 7641 to all qualified employees determined only based on its budgeted amount which was not computed actuarially. Provision for the retirement benefits charged to operations amounted to P 2,145,750 on 2012 and P 950,000 on 2011. NOTE 22 – OPERATING LEASES The Cooperative has entered into various lease agreements for the premises of its head office and branches from various lessors for a period ranging from 1 to 10 years expiring on various dates. The lease agreement stipulates escalation and renewal clauses effective on the expiry date of the lease. Rent expense charged to operations amounted to P 2,749,241 in 2012 and P 1,683,885 in 2011. NOTE 23 – RELATED PARTY TRANSACTIONS Key management compensation Key management personnel compensation amounted to P 3,702,052 in 2012 and P 3,269,138 in 2011. Savings deposits, time deposits and other investments with branches The savings deposits, time deposits and other investments as well as the corresponding interest expenses and investment income of the branches to the main branch are fully eliminated in the consolidated financial statements. NOTE 24 – RISK MANAGEMENT OBJECTIVES AND POLICIES The Cooperative is exposed to a variety of financial risks in performing its activities. Its risk management is coordinated with the BOD and focuses principally on securing short to medium-term cash flows by minimizing exposures to financial markets. The Cooperatives does not actively engage in the trading of financial assets for speculative purposes nor does it write options. The most significant financial risks to which the Cooperative is exposed to are described below. Credit Risk The Cooperative is mostly exposed to credit risk, the risk that one party to the financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. Generally, the maximum credit risk exposure of financial assets is the carrying amount of the financial assets a shown on the face of the statement of financial condition. Credit risk, therefore, is only disclosed in circumstances where the maximum potential loss differs significantly from the financial asset’s carrying amount. The Cooperative manages the level of credit risk by actively monitoring its portfolio to avoid significant concentrations of credit. Liquidity Risk The Cooperative is mostly exposed to liquidity risk, the risk that it will encounter difficulty in meeting its obligations as they become due without incurring unacceptable losses or costs. The Cooperative’s objectives to manage its liquidity profile are: a). to insure that adequate funding is available at all times; b). to meet commitments as they arise without incurring unnecessary costs; and c). to be able to access funding when needed at the least possible cost. The Cooperative manages its liquidity by carefully monitoring its scheduled debt servicing payments for long-term financial liabilities, as well as its cash flows due on its day-to-day operations.


25

NOTE 25 - OTHER MATTERS / SUBSEQUENT EVENTS Certain accounts in the 2011 financial statements were reclassified and rearranged to conform to the 2012

presentation of accounts. These reclassifications had no effect on previously reported results of operations. On February 17, 2009, the President of the Philippines signed into law Republic Act No. 9520 “An Act

Amending the Cooperative Code of the Philippines to be known as the ‘Philippine Cooperative Code of 2008’ ”. The Code was published in a newspaper of general circulation on March 7, 2008 and took effect 15 days thereafter or March 22, 2009.

Salient Features of RA 9520 – Philippine Cooperative Code of 2008

An act amending RA 6938 of 1992 known as the Cooperative Code of the Philippines. The charter of Cooperative Development Authority(CDA) will be amended PICPA will be involved in the preparation of the IRR

Allowed Deviations from PFRS

Presentation of donated capital as part of equity Modified cash basis of accounting

Paid-up capital

Art.14 – Paid-up capital shall not be less than P15,000 (before P2,000) which may increase every 5 years upon consultation with the cooperative sector and NEDA

Members, Officers and Directors

Art.26 – Deleted [Who May Be Members of Cooperatives] and replaced with Kinds of Membership – include a regular member and an associate member

Art. 27- All elective officials of the government shall be ineligible to become officers and directors provided that the disqualification does not extend to a party list representative

Quorum

Art. 35 – At least 25% of all members entitled to vote; 5% for electric cooperatives; for cooperative banks, according to Art. 99 of the code;

Term of BOD

Art.37 – Deleted [However, no director shall serve for more than 3 consecutive terms]

Committees of Cooperatives Art.43 – The audit and election committees shall be elected by the general assembly and be directly

accountable and responsible to the general assembly.

Compensation Art.46 – Directors and officers shall not be entitled to any per diem when, in the preceding calendar

year, the cooperative reported a net loss or had a dividend rate less than the official inflation rate for the same year.

Books and Reports

Art.52 – The accountant or bookkeeper shall be responsible for the maintenance and safe keeping of the books and records in accordance with GAAP.

Art.53 – Every cooperative shall draw up regular reports of its program of activities showing their progress and achievements to be filed with CDA within 120 days (before 60 days) form the end of the calendar year.


26

Taxation Art.61 – Transactions of members with the cooperative shall not be subject to any taxes and fees,

including but not limited to final taxes on member’s deposits and documentary tax.

Cooperatives with accumulated reserves and undivided net savings of more than P10M shall pay the following taxes at full rate: a.) Income tax – on the amount allocated for interest on capitals, provided that the same tax is not

consequently imposed on interest individually received by members; provided further that cooperatives, regardless of classification, are exempt from income tax from the date of registration with CDA.

b.) VAT on transactions with non-members, provided that cooperatives duly registered with CDA are exempt from payment of VAT subject to Section 109 SS L, M and N of the NIRC, as amended.

c.) Cooperatives with accumulated reserves and undivided net savings of not more than P10 M shall be exempt from all national, city, provincial, municipal or barangay taxes and from custom duties, advance sales or compensating taxes on importation or machineries, equipment and spare parts used by them.

Donations and Other Assistance

Art. 72 – Subsidies, donations, legacies, grants, aids and such other assistance from any local or foreign institution whether public or private, provided that capital coming from such subsidies, donations, legacies, grants, aids and other assistance shall not be divided into individual share capital holdings at anytime but shall instead form part of the donated capital or fund of the cooperative. Upon dissolution, such donated capital shall be subject to escheat.

Share Capital Art.73 – No member of a primary cooperative other than a cooperative itself shall own or hold

more than 10% (before 20%) of the share capital Art.76 – The par value of a share may be fixed at any figure not more than P1,000 (before not less

than P1.00).

Audit Art. 80 – Cooperatives shall be subject to annual financial, performance and social audit

Art. 81 – Audit Report – The auditor shall submit to the BOD and audit committee the financial

audit report which shall be in accordance with GAAS for cooperatives as jointly promulgated by the PICPA and CDA.

Thereafter, the BOD shall present the complete audit report to the general assembly in its next meeting.

Order of Distribution of Net Surplus

Art.86 – An amount for the reserve fund which shall be at least 10% of the net surplus, provided, that in the first 5 years of operation after registration, this amount shall not be less than 50% of the net surplus a.) Education and training fund – not more than 10% of the net surplus; half of the amount

transferred to education and training fund annually shall be spent by the cooperative for education and training, while the other half may be remitted to the union or federation

b.) Community development fund – not less than 3% of the net surplus c.) Optional fund, land and building, and any other necessary fund – the total of which shall not

exceed 7% (before 10%)


27

d.) Remaining net surplus – shall be made available to the members in the form of interest on share capital not to exceed the normal rate of return on investments and patronage refunds, provided that any amount remaining after the allowable interest and the patronage refund have been deducted shall be credited to the reserve fund. The sum allocated for patronage refunds shall be made available at the same rate to all patrons of the cooperative in proportion to their individual patronage

On January 25, 2010, the Joint Congressional Oversight committee on Cooperatives approved the IRR that laid

down the guidelines for the grant of tax exemptions to cooperatives. The joint rules and regulations implementing Articles 60, 61 and 144 of RA 9520 were signed by the Department of Finance, Bureau of Internal Revenue and CDA on February 5, 2010.

NOTE 26 – AMENDMENTS TO THE ARTICLES OF COOPERATION AND BY-LAWS The Cooperative amended certain provisions of its articles of cooperation and by-laws in order to be more aligned with its vision and mission. These amendments to certain provisions were adopted by two thirds (2/3) vote of the members with voting rights and majority of its Board of Directors during the Representative Assembly held on March 31, 2012 at Lyceum of Iligan Foundation, Tubod, Iligan City, Philippines. The salient points of the relevant amendments are summarized below: Articles of Cooperation

Article I – Name of the Cooperative

The name MSU-IIT MULTI-PURPOSE COOPERATIVE shall be changed to MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE (MSU-IIT NMPC).

Article II – Purpose The Cooperative included as one of its primary objectives the following activities:

To provide innovative savings and loan products, goods, and services for the members; To develop expertise and skills among its members; To acquire lands and provide housing products and services to the members; To provide insurance products and services to members; To advocate for the cause and development of the cooperative movement; To utilize new technologies in the business operations of the coop and in promoting cooperativism; To establish subsidiary cooperatives; To provide/receive technical, managerial and financial assistance, grants, donations aids and others; To develop enterprises and generate employment opportunities, improve productivity, income and

purchasing capacity of members; To promote thrift and savings among members and stimulates capital formation for development.

Article V – Area and Business Operation

The area of operation of the Cooperative shall be NATIONWIDE, and its principal office shall be established or located at Quezon Avenue Extension, Barangay Pala-o, Iligan City or in any place which the Board may determine.


28

Article IX – Capitalization The Cooperative increased its authorized capital share from three (3) hundred thousand pesos to one (1) billion pesos which is now broken down as follows: Eighteen million (18,000,000) common shares with a par value of P 50 pesos per share Two million (2,000,000) preferred shares with a par value of P 50 pesos per share.

By-laws

Article II – Membership

This Cooperative shall have regular and associate members.

Article III – Governance Subject to the provision of R.A. 9520 and regulations issued thereafter, final authority in the cooperative is

vested in the Annual Representative Assembly (ARA).

The MSU-IIT NMPC shall have two Membership Assemblies: The Branch Cluster Assembly and the Annual Representative Assembly (ARA).

Article IV – Board of Directors

The business of the MSU-IIT NMPC shall be administered by a Board of Directors of at most fifteen (15)

elected members representing MSU-IIT faculty and staff employees as the founding entity, and the community which composition shall be determined by the Board of Directors. A special or honorary non-voting director(s) may be appointed by unanimous decision of all the Board of Directors who shall serve for a fixed term, without necessarily being confirmed by the assembly.

Article V – Committees

In addition to the existing committees, the Board may create committees as may be deemed necessary for

the operation of the Cooperative as follows: o Cooperative Social Responsibility Committee o Gender Committee o Investment Committee o Member Welfare Committee o Other Committees

Article XI – Allocation and Distribution of Net Surplus

The Cooperative aligned the order of its distribution of net surplus in its by-laws in accordance with RA

9520. The order of distribution is now as follows:

o At least ten percent (10%) of the undivided net surplus is allocated to the Reserve Fund.

o Not more than ten percent (10%) of the undivided net surplus is allocated for the Education and Training Fund.

o At least three percent (3%) of the undivided net surplus is allocated to the Community Development

Fund.


29

o At least three percent (3%) of the undivided net surplus is allocated to the Relief, Rehabilitation, Recovery, and Reconstruction Fund.

o Not more than seven percent (7%) of the undivided net surplus is allocated for Optional Fund. o The remaining net surplus shall be made available to the members in the form of interest on share

capital not to exceed the normal rate of return on investments and patronage refunds. Provided that any amount remaining after the allowance interest and patronage refund have been deducted shall be credited to the reserve fund.

The Cooperative is now in the process of completing the pertinent requirements thereto for submission to the CDA pending the approval of amendments in its articles of cooperation and by-laws.

NOTE 27 – SUPPLEMENTARY INFORMATION ON BIR REVENUE REGULATIONS (RR) NO. 15-2010 On November 25, 2010, the Bureau of Internal Revenue (BIR) issued RR No. 15-2010, amending certain provisions of RR No. 21-2002, as amended and implementing Section 6 (H) of the Tax Code of 1997 which authorize the Commissioner of Internal Revenue to prescribe additional and/or documentary requirements in connection with the preparation and submission of financial statements accompanying the tax returns. The following information on taxes, duties and license fees paid/accrued during the calendar year ended December 31, 2012 is presented for purposes of compliance with the disclosure requirement by the BIR as provided for in its RR No. 15-2010 and is not a required part of the basic financial statements in accordance with Philippine Financial Reporting Standards applicable to Cooperatives in the Philippines:

Withholding taxes on:

Compensation P 1,678,706 Expanded 492,889

P 2,171,595

Items lodged in the taxes, fees and charges account:

Fees to the CDA for the increase in authorized capital shares 700,000 Business permits and motor registration fees 82,327 Total

P 782,327


COOP

Head

Office

Tibang

aPob

lacion

Pala-o

Tubod

Kiwala

nBu

ru-un

Mantic

aoSua

rezMa

randin

gBu

luaCo

gonCa

rmen

Bacol

od Sat

.Tu

bod Sa

t.Pue

rto J.C

. Aqui

noLan

gihan

Pagadi

anLag

uindin

gan Sa

t.TO

TAL

ACAD

EMY

ASSU

RANC

E2 0

1 22 0

1 1

INCO

ME-CR

EDIT

OPER

ATIO

NSInte

rest in

come o

n loans

P-

21,829

,231

5,818,

264

20,

839,02

9

4,839,

074

5,4

43,297

5,497,

851

3,0

16,579

2,404,

847

5,8

47,828

4,616,

217

4,2

20,988

1,037,

885

186

,378

1,325,

816

606

,821

472,71

8

20,

165

21,992

8,1

62

88,

053,14

2

-

-

88,053

,142

75,548

,102

Inc

ome fr

om inv

estment

s-

11,659

,895

22,221

5,4

44,917

278,15

4

43,

818

88,786

12,

028

7,134

-

-

16,

562

-

-

-

2,1

95

9,469

-

2,795

-

17,

587,97

4

-

-

17,587

,974

12,911

,943

Inte

rest in

come o

n bank

depos

its8,6

85

97,160

476

,167

194,26

5

34,

763

154,63

1

30,

032

6,474

78,

329

5,795

2,2

66

6,103

13,

545

7,148

4,7

71

4,979

-

-

-

-

1,125,

113

92,

829

293,29

8

1,5

11,240

926,49

5

Oth

er inco

me3,9

19

5,677,

340

1,5

05,551

5,805,

898

1,5

84,862

1,810,

998

1,6

54,055

905,36

4

961

,145

1,912,

378

1,4

27,187

1,420,

978

896

,302

275,65

2

769

,394

873,89

9

792

,868

151,94

5

91,

153

76,906

28,597

,794

-

-

28,

597,79

4

22,

573,20

4

12,604

39,

263,62

6

7,8

22,203

32,284

,109

6,7

36,853

7,452,

744

7,2

70,724

3,940,

445

3,4

51,455

7,766,

001

6,0

45,670

5,664,

631

1,9

47,732

469,17

8

2,0

99,981

1,487,

894

1,2

75,055

172,11

0

115

,940

85,068

135,36

4,023

92,

829

293,29

8

135

,750,1

50

111

,959,7

44

LESS

DIRE

CT EX

PENS

ESInte

rest ex

pense

106,48

0

18,

188,30

9

695

,159

3,799,

119

412

,209

834,29

0

309

,948

300,30

7

179

,994

1,285,

280

636

,577

608,70

2

124

,492

6,128

318

,658

12,077

7,4

70

-

1,0

35

220

27,826

,454

281

,712

-

28,

108,16

6

22,

152,74

7

Provis

ion for

credit

losses

-

1,3

92,997

572,61

8

5,0

64,370

487,16

3

151

,685

229,99

4

201

,192

210,88

6

1,3

97,699

1,262,

277

1,1

85,720

180,13

1

66,

216

96,695

5,5

18

39,519

-

3,412

-

12,

548,09

2

-

-

12,548

,092

12,182

,536

106

,480

19,581

,306

1,267,

777

8,8

63,489

899,37

2

985

,975

539,94

2

501

,499

390,88

0

2,6

82,979

1,898,

854

1,7

94,422

304,62

3

72,

344

415,35

3

17,

595

46,989

-

4,447

220

40,

374,54

6

281,71

2

-

40,656

,258

34,335

,283

(93

,876)

19,

682,32

0

6,5

54,426

23,420

,620

5,8

37,481

6,466,

769

6,7

30,782

3,438,

946

3,0

60,575

5,083,

022

4,1

46,816

3,870,

209

1,6

43,109

396,83

4

1,6

84,628

1,470,

299

1,2

28,066

172,11

0

111

,493

84,848

94,989

,477

(18

8,883)

293,29

8

95,

093,89

2

77,

624,46

1

COOP

ACAD

EMY O

PERA

TIONS

Tuitio

n fees -

net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,696,

497

-

4,696,

497

3,8

76,283

School

relate

d fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,249,

093

-

1,249,

093

1,0

69,278

Incom

e from

books

, unifor

m and

others

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,906,

728

-

1,906,

728

1,9

66,169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,852,

318

-

7,852,

318

6,9

11,730

COOP

ASSU

RANC

E OPE

RATIO

NSCo

mmissi

on-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,929,

029

4,9

29,029

3,129,

153

Oth

er inco

me-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196,20

0

196

,200

467

,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,1

25,229

5,125,

229

3,5

96,853

INCO

ME BE

FORE

OPER

ATIN

G EXP

ENSE

S(93

,876)

19,

682,32

0

6,5

54,426

23,420

,620

5,8

37,481

6,466,

769

6,7

30,782

3,438,

946

3,0

60,575

5,083,

022

4,1

46,816

3,870,

209

1,6

43,109

396,83

4

1,6

84,628

1,470,

299

1,2

28,066

172,11

0

111

,493

84,848

94,989

,477

7,6

63,435

5,418,

527

108

,071,4

39

88,

133,04

4

OPER

ATIN

G EXP

ENSE

SMe

mbers

' and P

ersonn

el Cost

Salarie

s and w

ages

3,641,

700

2,2

33,273

1,401,

130

2,3

58,723

1,177,

422

1,1

98,738

1,074,

151

976

,028

697,05

0

1,5

54,108

1,116,

178

1,0

87,175

756,98

9

315

,739

575,70

0

613

,831

609,83

5

169

,247

196,74

2

64,

965

21,

818,72

4

1,924,

908

386

,655

24,130

,287

15,544

,182

All

owanc

es, hon

oraria

and pe

r diem

s2,2

52,891

984,43

0

558,62

9

1,0

14,687

416,57

3

523

,943

475,03

9

402

,302

412,20

7

541

,825

382,57

8

438

,134

185,92

3

66,

225

157,06

6

7,5

96

212,69

7

17,

917

46,027

21,

564

9,1

18,253

831,49

9

321

,282

10,271

,034

7,797,

841

13t

h mont

h pay

and oth

er emp

loyees

' benef

it1,0

37,189

455,54

1

300,60

3

388

,736

247,34

2

267

,697

152,42

8

179

,266

79,671

443

,373

215,34

3

268

,382

126,38

0

64,

660

127,43

8

299

,032

99,934

33,

311

38,470

18,

174

4,8

42,970

449,13

2

231

,432

5,523,

534

4,2

12,570

Gener

al asse

mbly

363,55

4

442

,335

290

,351

683,22

2

294

,543

330,70

3

211

,291

230,24

2

172

,285

189,89

2

239

,997

242,28

1

186

,892

9,020

136

,223

121,53

9

59,

056

-

12,

500

-

4,215,

926

38,

928

46,223

4,3

01,077

4,008,

256

Pro

vision

for em

ployee

retirem

ent380

,250

300,00

0

12,000

250

,000

240,00

0

84,

000

60,000

240

,000

240,00

0

99,

000

120,00

0

16,

500

-

-

48,000

-

56,000

-

-

-

2,1

45,750

150,00

0

30,

000

2,325,

750

1,1

30,000

Trainin

gs and

semina

rs1,7

22,379

49,819

-

-

-

-

9,6

72

42,800

5,7

31

50,402

26,

942

108,84

5

30,

302

5,778

37,

491

56,790

49,

280

7,374

8,8

60

5,508

2,217,

973

-

-

2,2

17,973

1,528,

282

SSS

, philhe

alth, an

d HDM

F cont

ribution

s292

,843

194,31

9

133,72

0

206

,559

102,60

5

114

,647

98,618

77,

555

62,737

153

,996

102,55

3

88,

786

53,782

28,

742

47,964

57,

715

48,654

16,

255

14,884

6,6

75

1,9

03,609

187,00

8

23,

169

2,113,

786

1,3

66,382

Staff a

nd fac

ulty de

velopm

ent261

,540

140,00

0

25,000

223

,967

80,000

60,

000

42,000

75,

183

13,687

6,0

00

74,069

64,

166

34,669

-

30,000

3,5

00

21,662

4,9

92

-

-

1,1

60,435

100,49

9

30,

000

1,290,

934

553

,960

Provis

ion for

unive

rsity c

oopera

tive ass

istance

38,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,

394

-

-

38,394

50,000

9,9

90,740

4,799,

717

2,7

21,433

5,125,

894

2,5

58,485

2,579,

728

2,1

23,199

2,223,

376

1,6

83,368

3,038,

596

2,2

77,660

2,314,

269

1,3

74,937

490,16

4

1,1

59,882

1,160,

003

1,1

57,118

249,09

6

317

,483

116,88

6

47,

462,03

4

3,681,

974

1,0

68,761

52,212

,769

36,191

,473

Ad

ministr

ative E

xpense

sDe

precia

tion an

d amo

rtizatio

n1,1

03,589

1,897,

225

130

,809

379,89

5

217

,104

226,58

6

145

,187

188,27

3

79,

160

127,30

2

246

,455

149,21

0

225

,435

100,35

9

246

,518

395,22

5

224

,849

-

74,

244

28,399

6,185,

824

601

,889

31,593

6,8

19,306

4,710,

821

Pro

motion

s1,2

58,036

63,495

40,

100

111,36

4

61,

442

96,564

49,

989

29,384

26,

320

103,05

8

93,

093

94,508

125

,062

8,759

45,

398

245,68

7

346

,323

65,610

273

,611

98,205

3,236,

008

21,

789

49,784

3,3

07,581

638,90

6

Ren

t469

,305

96,000

277

,895

600,00

0

142

,800

156,45

0

174

,300

120,00

0

72,

000

163,54

7

298

,020

316,93

2

379

,149

44,116

156

,240

216,00

0

197

,236

112,50

0

65,

450

10,526

4,068,

466

174

,600

70,470

4,3

13,536

2,977,

464

Off

ices su

pplies

413,85

4

346

,763

101

,051

268,26

9

66,

783

90,359

98,

342

79,287

41,

485

102,93

0

115

,984

72,939

68,

954

51,259

65,

216

181,69

8

136

,628

11,506

72,

862

40,002

2,426,

171

119

,859

44,919

2,5

90,949

1,716,

596

Sec

urity s

ervice

s168

,500

162,00

0

81,000

163

,100

81,000

81,

000

81,000

81,

000

77,000

81,

000

81,000

125

,543

83,497

48,

500

81,000

77,

344

66,700

-

35,717

10,

437

1,6

66,338

305,62

5

-

1,971,

963

1,2

89,451

Light,

power a

nd wa

ter1,3

43

255,95

8

61,592

257

,836

68,760

78,

542

65,451

65,

384

33,178

85,

510

109,15

6

129

,053

117,44

8

39,

365

53,971

61,

476

55,936

26,

955

25,741

-

1,5

92,655

206,42

9

14,

903

1,813,

987

1,6

89,420

Comm

unicat

ion219

,797

94,245

72,

527

33,439

70,

161

46,601

40,

483

89,666

68,

465

120,19

3

24,

909

50,654

101

,149

24,719

80,

078

67,077

75,

178

17,859

30,

286

8,070

1,335,

556

72,

377

22,211

1,4

30,144

715,39

3

Ins

urance

193,65

8

241

,072

85,

446

173,07

1

69,

415

80,444

76,

029

54,979

30,

036

136,69

8

56,

355

62,408

10,

586

2,073

18,

981

17,124

7,5

30

-

1,3

84

-

1,317,

289

108

,095

32,850

1,4

58,234

901,81

5

Rep

airs an

d main

tenanc

e210

,912

370,76

1

20,636

75,

920

31,237

22,

972

24,524

47,

966

10,362

65,

817

42,146

22,

118

19,010

5,3

80

18,694

9,2

03

6,585

1,9

68

2,045

9,6

04

1,0

17,860

50,861

1,1

15

1,069,

836

794

,444

Travel

and tr

anspor

tation

217,33

1

43,

805

301

16,

488

5,690

8,8

43

11,243

6,7

93

2,768

134

,512

56,773

33,

126

48,932

9,3

13

35,165

60,

428

151,72

5

15,

971

5,603

30,

164

894

,974

37,501

35,

162

967,63

7

672,03

0

Tax

es and

license

s702

,659

3,343

5,2

17

6,198

3,1

01

3,594

4,0

96

3,593

3,6

21

7,053

5,7

65

3,531

2,8

47

4,441

2,6

76

5,542

7,4

85

-

6,5

74

991

782,32

7

-

-

782

,327

120

,436

Profess

ional f

ees496

,756

51,573

12,

818

65,700

10,

431

9,521

13,

325

5,727

4,7

27

37,086

38,

021

28,260

-

-

7,6

50

-

-

-

-

-

781,59

5

4,1

22

3,080

788

,797

376

,150

Meetin

gs and

confere

nces

359,58

5

52,

936

19,580

54,

176

10,511

5,8

78.00

6,2

19

14,053

26,

175

24,038

31,

868

26,250

18,

674

-

14,

759

17,480

8,5

36

-

4,4

28

-

695,14

6

-

19,419

714

,565

719

,801

Provis

ion for

memb

ers' pr

otectio

n plan

-

159

,083

20,

359

224,42

8

11,

593

23,932

26,

258

24,000

-

60,000

24,

817

39,024

-

47,500

20,

000

-

1,1

88

-

-

-

682,18

2

-

-

682

,182

740

,300

Fuel an

d lubric

ant4,4

36

26,666

50,

970

77,851

58,

368

60,232

58,

030

77,434

16,

560

-

46,

369

48,847

20,

750

14,260

-

34,120

11,

296

4,798

4,7

40

8,418

624,14

5

-

100

624

,245

510

,127

Provis

ion for

doubt

ful acc

ount

70,708

-

-

-

-

196

,597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

,305

-

-

267,30

5

2,094,

852

Ent

ertainm

ent, am

useme

nt and

recrea

tion22,

161

-

1,0

40

-

-

-

1,0

00

-

-

6,737

18,

783

6,976

7,2

09

1,350

10,

842

25,054

5,7

17

1,022

228

-

108,11

9

-

-

108

,119

173

,752

Provis

ion for

impai

rment o

f books

and re

ference

s-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

,519

Misce

llaneou

s246

,635

373,39

4

94,804

374

,072

44,465

196

,845

146,65

1

81,

663

41,786

119

,196

103,24

6

64,

436

125,49

8

32,

211

46,243

153

,028

69,944

31,

872

32,596

15,

507

2,3

94,092

388,05

8

279

,769

3,061,

919

2,4

16,757

6,159,

265

4,2

38,319

1,076,

145

2,8

81,807

952,86

1

1,3

84,960

1,022,

127

969

,202

533,64

3

1,3

74,677

1,392,

760

1,2

73,815

1,354,

200

433

,605

903,43

1

1,5

66,486

1,372,

856

290

,061

635,50

9

260

,323

30,076

,052

2,0

91,205

605,37

5

32,

772,63

2

23,

369,03

4

16,150

,005

9,0

38,036

3,797,

578

8,0

07,701

3,511,

346

3,9

64,688

3,145,

326

3,1

92,578

2,217,

011

4,4

13,273

3,670,

420

3,5

88,084

2,729,

137

923

,769

2,063,

313

2,7

26,489

2,529,

974

539

,157

952,99

2

377

,209

77,538

,086

5,7

73,179

1,674,

136

84,

985,40

1

59,

560,50

7

UNDI

STRI

BUTE

D NET

SURP

LUS, D

ECEM

BER 3

1P

(16,24

3,881)

10,

644,28

4

2,7

56,848

15,412

,919

2,3

26,135

2,502,

081

3,5

85,456

246,36

8

843

,564

669,74

9

476

,396

282,12

5

(1,0

86,028

)

(52

6,935)

(378,6

85)

(1,2

56,190

)

(1,3

01,908

)

(36

7,047)

(841,4

99)

(29

2,361)

17,

451,39

1

1,890,

256

3,7

44,391

23,086

,038

28,572

,537

MSU-I

IT MU

LTI-P

URPO

SE CO

OPER

ATIVE

STAT

EMEN

T OF O

PERA

TIONS

FOR T

HE YE

AR EN

DED D

ECEM

BER 3

1, 2012

C R E D

I T


Sunshine Plan Claims

No. Of Pax Amount

No. Of Pax Amount

No. Of Pax Amount No. Of Pax Amount

Tibanga 11 690,000.00 7 105,000.00 52 492,500.00 70 1,287,500.00Palao 8 600,000.00 14 198,750.00 55 535,000.00 77 1,333,750.00Kiwalan 3 225,000.00 6 63,750.00 15 135,000.00 24 423,750.00Buruun 2 90,000.00 1 15,000.00 7 67,500.00 10 172,500.00**Bacolod, LdN 1 18,750.00 1 7,500.00 6 25,000.00 8 51,250.00Maranding 0 0.00 2 30,000.00 13 105,000.00 15 135,000.00**Tubod, LdN 0 0.00 6 71,250.00 13 88,750.00 19 160,000.00Bulua 2 93,750.00 4 48,750.00 8 67,500.00 14 210,000.00Tubod 3 168,750.00 4 30,000.00 17 158,500.00 24 357,250.00Poblacion 2 112,500.00 4 60,000.00 18 147,500.00 24 320,000.00Manticao 0 0.00 2 22,500.00 6 55,000.00 8 77,500.00Cogon 1 30,000.00 2 18,750.00 31 255,000.00 34 303,750.00Suarez 2 150,000.00 1 15,000.00 6 52,500.00 9 217,500.00Carmen 0 0.00 1 3,750.00 9 60,000.00 10 63,750.00Puerto 3 150,000.00 3 18,750.00 8 30,700.00 14 199,450.00J.C. Aquino 2 47,500.00 3 11,250.00 6 25,000.00 11 83,750.00Langihan 0 0.00 0 1 2,500.00 1 2,500.00

TOTAL 40 2,376,250.00 61 720,000.00 271 2,302,950.00 372 5,399,200.00

Tibanga 6,921,668.04 1,287,500.00 5,634,168.04 Palao 20,197,521.91 1,333,750.00 18,863,771.91 Kiwalan 5,730,850.05 423,750.00 5,307,100.05 Buruun 4,129,678.23 172,500.00 3,957,178.23 **Bacolod, LdN 233,540.44 51,250.00 182,290.44 Maranding 3,555,841.20 135,000.00 3,420,841.20 **Tubod, LdN 711,049.35 160,000.00 551,049.35 Bulua 3,074,562.83 210,000.00 2,864,562.83 Tubod 1,575,139.57 357,250.00 1,217,889.57 Poblacion 2,527,613.47 320,000.00 2,207,613.47 Manticao 3,294,866.67 77,500.00 3,217,366.67 Cogon 3,380,080.00 303,750.00 3,076,330.00 Suarez 1,047,161.00 217,500.00 829,661.00 Carmen 705,840.00 63,750.00 642,090.00 Puerto 378,055.22 199,450.00 178,605.22 J.C. Aquino 175,171.94 83,750.00 91,421.94 Langihan 66,300.00 2,500.00 63,800.00

TOTAL 57,704,939.92 5,399,200.00 52,305,739.92

Beginning Balance of

Sunshine Plan Fund

Less:Sunshine Claims

Net Ending Balance of Sunshine Plan

Fund as of 12/31/12Branches

SUNSHINE PLAN CLAIMS July – December 2012

Branches MEMBERS DEPENDENTS PARENTS TOTAL


2013 BUDGET ASSUMPTIONS SAVINGS AND CREDIT ➢ On Loan Releases: Branches Tibanga Main - 181.50M Pala-o Branch - 210.00M Kiwalan Branch - 61.60M Buru-un Branch - 50.40M Maranding Branch- 65.00M Tubod Branch(ILGN)- 72.00M Poblacion Branch - 72.00M Bulua Branch - 58.00M Cogon Branch - 62.40M Manticao Branch - 42.00M Suarez Branch - 32.40M Carmen CDO - 30.00M Puerto CDO - 30.00M Butuan 1 (JC Aquino) - 36.00M Pagadian Branch - 24.00M Butuan II (Langihan) - 18.00M General Santos I 26.12M Davao I 23.75M Butuan 3 (Ampayon) - 21.38M Davao II/Gensan II 16.63M Bukidnon / Pagadian II 14.25M Satellites Tubod LDN Satellite - 26.00M Bacolod Satellite – 7.20M Laguindingan Satellite – 12.00M CDO I Satellite 23.25M CDO II Satellite 16.63M Total 1,232.51M ➢ On Portfolio At Risk (PAR): Branches Tibanga Main - 7% Pala-o Branch - 8% Kiwalan Branch - 10% Buru-un Branch - 10% Maranding Branch- 11% Tubod Branch(ILGN)- 7% Poblacion Branch - 7% Bulua Branch - 9%

Cogon Branch - 8% Manticao Branch - 7% Suarez Branch - 7% Carmen CDO - 5% Puerto CDO - 3% Butuan 1 (JC Aquino) - 3% Pagadian Branch - 3% Butuan II (Langihan) - 2% General Santos I 1% Davao I 1% Butuan 3 (Ampayon) - 1% Davao II/Gensan II 1% Bukidnon / Pagadian II 1% Satellites Tubod LDN Satellite - 3% Bacolod Satellite – 4% Laguindingan Satellite – 1% CDO I Satellite 1% CDO II Satellite 1% Consolidated 6.0%

➢ On Income from Investments: It represents income earned from our investments in NATCCO, MASS-SPECC, CLIMBS, CCFS, reputable banks and other financial institutions. It also includes interest earned from bank deposits.

➢ On Additional Membership: ` Branches Tibanga Main - 1,000 Pala-o Branch - 1.200 Kiwalan Branch - 720 Buru-un Branch - 720 Maranding Branch- 650 Tubod Branch(ILGN)- 720 Poblacion Branch - 750 Bulua Branch - 1,300 Cogon Branch - 1,300 Manticao Branch - 720 Suarez Branch - 500 Carmen CDO - 1,300 Puerto CDO - 1,300 Butuan 1 (JC Aquino) - 1,800 Pagadian Branch - 1,200 Butuan II (Langihan) - 1,800







2013 BUDGET ASSUMPTION


General Santos I 2,000 Davao I 1,800 Butuan 3 (Ampayon) - 1,650 Davao II/Gensan II 1,300 Bukidnon / Pagadian II 1,100 Satellites Tubod LDN Satellite - 600 Bacolod Satellite – 480 Laguindingan Satellite – 1,310 CDO I Satellite 1,800 CDO II Satellite 1,300 Total 30,320

On Miscellaneous Income: Miscellaneous income is compose of collections from the conduct of PMES, selling of educational materials, facilitating seminars, rent, commissions from sunshine, LPP remittances, purchases of supplies, fees for collecting & servicing MSU IIT students and other income that are incidental to the operations of the cooperative.

➢ On Interest Expenses:

Interest expense are interest incurred from special savings, savings and time deposits of both regular and associate members.

➢ On Salaries and Wages:

Salaries and wages is based on the approved salary scale including overtime pay. Additional cost is added for hiring additional personnel to facilitate efficient service to our increasing number of members and to cater growing needs of the cooperative.

➢ On Additional Staff Requirement:

Branches Tibanga Main - 2 Pala-o Branch - 3 Kiwalan Branch - 3 Buru-un Branch - 1 Maranding Branch- 2 Tubod Branch(ILGN)- 2 Poblacion Branch - 2 Bulua Branch - 4 Cogon Branch - 5

















Manticao Branch - 2 Suarez Branch - 1 Carmen CDO - 2 Puerto CDO - 2 Butuan 1 (JC Aquino) - 1 Pagadian Branch - 2 Butuan II (Langihan) - 2 General Santos I 6 Davao I 6 Butuan 3 (Ampayon) - 6 Davao II/Gensan II 6 Bukidnon / Pagadian II 6 Satellites Tubod LDN Satellite - 2 Bacolod Satellite – 1 Laguindingan Satellite – 0 CDO I Satellite 5 CDO II Satellite 5 Other Divisions Academy 7 CLAC & Coop Care 1 Property Mgt. Div. 1 Head Office 13 TOTAL 101 ➢ On Employees Benefits:

Employees benefits includes 13th month pay, leave conversion, birthday leave & cash gift, performance bonus, COLA, PERA, rice allowance, longevity pay, uniform allowance and medical allowance. It also include the allowances given to student assistants, security guards & OJTs. This is based on the cooperative's current rate.

➢ On Retirement Benefit:

Retirement benefit expense is based on actual computation of retirement assumed one month retirement for every year of service.

➢ On Trainings and Seminars:

Amount incurred for the officers, directors, members and employees for attending trainings and seminars including all expenses related thereto

Manticao Branch - 2 Suarez Branch - 1 Carmen CDO - 2 Puerto CDO - 2 Butuan 1 (JC Aquino) - 1 Pagadian Branch - 2 Butuan II (Langihan) - 2 General Santos I 6 Davao I 6 Butuan 3 (Ampayon) - 6 Davao II/Gensan II 6 Bukidnon / Pagadian II 6 Satellites Tubod LDN Satellite - 2 Bacolod Satellite – 1 Laguindingan Satellite – 0 CDO I Satellite 5 CDO II Satellite 5 Other Divisions Academy 7 CLAC & Coop Care 1 Property Mgt. Div. 1 Head Office 13 TOTAL 101 ➢ On Employees Benefits:

Employees benefits includes 13th month pay, leave conversion, birthday leave & cash gift, performance bonus, COLA, PERA, rice allowance, longevity pay, uniform allowance and medical allowance. It also include the allowances given to student assistants, security guards & OJTs. This is based on the cooperative's current rate.

➢ On Retirement Benefit:

Retirement benefit expense is based on actual computation of retirement assumed one month retirement for every year of service.

➢ On Trainings and Seminars:

Amount incurred for the officers, directors, members and employees for attending trainings and seminars including all expenses related thereto



➢ On Insurance: Insurance includes the coop’ members insurance to CLIMBS, building insurance motorcycle insurance, fire insurance, bonds of accountable officers & employees, cash in vault insurance & other expenses incurred to insure the assets/properties of the cooperative.

➢ On Professional Fees:

Professional fees include external audit fees & legal fees and related expenses incurred for professional services rendered. These are based on the current rate of the aforementioned professionals.

➢ On Staff Development:

Staff development includes sports fest, outings, retreat and lakbay aral. This is based on last year's budget but was adjusted to include those of the newly hired and regularized employees. It also include budget for the scholarship program of qualified personnel.

➢ On General Assembly Expenses:

General assembly expenses includes annual representative assembly and mid-year branch assembly, branch ownership meetings, calendars, copies of pakigsayud, pakulo, awards/gift certificates, tokens, lahutay, snack chits, and other necessary GA expenses. It also includes election expenses and coop month celebration expenses of the branches and head office.

➢ On General Support Services:

General support services include compensation of security guards from different branches and division. This is based on their agency's current rate.

➢ On Meetings and Conferences:

Meetings and conferences are expenses incurred on BOD & Officers meetings, committee meetings, management and staff meetings, conferences, workshops and etc. This is based on the budget submitted by different committees.

➢ On Communication Expenses:

Communication expense includes load allowance for key officers, postage and mails, cable television, telephone bills, fax, internet & IP VPN based on the provider's current rate and all other means of communication.

➢ On Social Services Expenses:

Social services expenses composed of proposed giving to members birthday and sympathy cards, programs for home for the aged, bantay bata, plant-a-tree, gawad kalinga,city jail, calamity fund and donations given to IIT/other associations and other social community involvement.

➢ On Payroll Servicing Fee:

Payroll servicing fee of P5,000 per month given to MSU-IIT. This is charges to Tibanga Main branch.



➢ On Promotional Expenses: Promotional expenses include advertisements on the television, radio & the internet, stickers, fliers, streamers, flip charts, tarpaulin and other advertising expenses. This is necessary to attain the target increase in membership.

➢ On Miscellaneous Expenses:

Miscellaneous expenses include Coop Christmas party, branch anniversary expenses, end-of-month overtime meals, food & snacks during auditor’s field work, MASS SPECC & NATCCO food/snacks during visitation, out-of-pocket expenses of suppliers and other expenses not classified under any of the specified accounts.

➢ On Capital Expenditures: (see attached schedule) ALLIED BUSINESSES COOP LIFE ASSURANCE CENTER On Revenues: Estimated members for 2013 will be 60,000 members Other products such as GADDDI, SGAIP, FICA, etc. is estimated to increase

based on target membership and campaign for outside clients. Income from CLPP will be estimated to increase in 2013 based on the target increase on membership. Income from investments/deposits is estimated to be P 200,000. Net revenue on coop care is estimated to be at P 278,000.

On Expenses: Salaries and wages includes hiring additional staff, a full-time manager, marketing staff, bookkeeper based on the salary scale Employees benefits includes 13th month pay, leave conversion, cash gift,

performance bonus, COLA, PERA, rice allowance, longevity pay, uniform allowance and medical allowance .

Professional fees include external audit fees and legal fees. Staff development includes sports fest, outings and lakbay aral. Trainings & Seminars includes trainings for insurance agents, attendance to

general assembly, conventions, etc. Rent expense represents office space rental payments. Insurance expense includes GADDI of staff for next year. Transportation & Travel represents the actual transportation of CLAC manager in going to CLIMBS to remit monthly insurance premiums and other related expenditures. Communication expense includes postage and mails and the monthly telephone




bill. Promotional expenses include stickers, fliers, signages, streamers, flip charts and

tarpaulin. Representation expenses is estimated to reach P25,000 for both CLAC & Coop

Care Miscellaneous expenses includes Christmas party, photocopying expenses, out-of-

pocket expenses for the external auditors and etc. Additional capital expenditures for computerization, equipments, and furniture &

fixtures is estimated to reach P 430,000 for both CLAC & Coop Care. COOP ACADEMY On Revenues:

Estimated revenues is assumed to reached P 10,645,000 with 700 expected

number of students. This includes collection from entrance fees, tuition fees, income from books and uniforms.

Miscellaneous and other income includes collection from the conduct of tutorials, review classes for other schools entrance exams, income from the use of classroom aircon, income on booklets/ answer sheet and also income from different certification forms.

On Expenses: Interest expense is from borrowings from the Credit Division due to claims on

building bonds maturity. Budget for the salaries and wages is based on the salary scale rate. Employees benefits includes 13 month pay, cash gift, leave conversion, uniform

allowance, medical allowance, longevity pay, performance bonus, COLA and PERA.

Increase for light and power due to additional classrooms at the back of IIT GYM Insured all students of the Coop Academy to CLASP at P100 per student

chargeable against collection of insurance fee. Repair and maintenance is estimated to increase by 10% for the year 2013. Rental is expenses incurred for additional classrooms in the 2nd floor of the

Tibanga Main building. Professional fee includes annual physical and dental check-up for Coop

academy students chargeable against collection from medical and dental fee. Promotional expense includes advertising through radio and and television,

house to house campaign, and also streamers and fliers. Budget for graduation and yearbook expenses amounted to 70,000.00 which also

include expenses for the recognition. All other expenses based on 2012 budget.


MSU IIT MPC Projected Statement of Comprehensive Income (Consolidated)For the period ended December 31, 2013

BUDGET Tibanga Pala-o Kiwalan Buru-un Maranding Bulua Tubod Poblacion Cogon Manticao Suarez Sat Carmen (CDO B3) Pagadian JC Aquino Langihan Tubod LDN SatREVENUE:

Income from loansInterest from loans 149,010,000.00 27,500,000.00 23,905,000.00 8,033,000.00 8,122,000.00 8,047,000.00 6,591,000.00 7,530,000.00 8,160,000.00 5,931,000.00 4,228,000.00 4,368,000.00 3,139,000.00 3,046,000.00 3,590,000.00 2,912,000.00 4,171,000.00 Tuition and other related fees 9,490,000.00 Service Fees 23,580,000.00 3,630,000.00 4,200,000.00 1,320,000.00 1,008,000.00 1,300,000.00 1,150,000.00 1,440,000.00 1,440,000.00 1,200,000.00 840,000.00 648,000.00 600,000.00 480,000.00 720,000.00 360,000.00 520,000.00 Filing Fees, Fines & Penalties 4,954,000.00 350,000.00 1,200,000.00 500,000.00 200,000.00 500,000.00 100,000.00 180,000.00 250,000.00 120,000.00 130,000.00 300,000.00 100,000.00 60,000.00 5,000.00 3,000.00 150,000.00

Sales 55,530,000.00 Less: Direct Materials 34,314,800.00 Direct Labor & Const. Eqpt. 14,555,200.00 Overhead 1,912,000.00

Other IncomeInterest from Investment/Deposits 38,762,000.00 13,000,000.00 6,000,000.00 180,000.00 96,000.00 3,000.00 5,000.00 400,000.00 450,000.00 10,000.00 27,000.00 70,000.00 12,000.00 2,000.00 10,000.00 7,000.00 3,000.00 Commision Income 11,239,000.00 542,000.00 250,000.00 150,000.00 20,000.00 50,000.00Donation & Grants - Membership fee 3,932,000.00 100,000.00 120,000.00 72,000.00 72,000.00 65,000.00 130,000.00 72,000.00 75,000.00 130,000.00 72,000.00 50,000.00 130,000.00 120,000.00 180,000.00 180,000.00 60,000.00 Miscellaneous Income 8,642,000.00 1,000,000.00 1,000,000.00 282,000.00 78,000.00 255,000.00 400,000.00 294,000.00 150,000.00 260,000.00 234,000.00 150,000.00 450,000.00 100,000.00 440,000.00 240,000.00 149,000.00

Gross Income 254,357,000.00 45,580,000.00 36,425,000.00 10,387,000.00 10,118,000.00 10,170,000.00 8,376,000.00 9,916,000.00 10,775,000.00 7,801,000.00 5,551,000.00 5,586,000.00 4,431,000.00 3,808,000.00 4,945,000.00 3,752,000.00 5,053,000.00 EXPENSES:

Financing Cost:Int. Exp. from Deposit 47,230,000.00 22,000,000.00 4,000,000.00 600,000.00 396,000.00 322,000.00 300,000.00 450,000.00 750,000.00 240,000.00 80,000.00 200,000.00 60,000.00 52,000.00 300,000.00 50,000.00 162,000.00 Int. Exp. on Borrowings 15,126,000.00 60,000.00 1,050,000.00 500,000.00 550,000.00 230,000.00 40,000.00 350,000.00 250,000.00 150,000.00 50,000.00 400,000.00 Int. Exp. on Share Cap - Other Charges on Borrowings -

Total Financing Cost 62,356,000.00 22,000,000.00 4,000,000.00 600,000.00 456,000.00 1,372,000.00 800,000.00 450,000.00 750,000.00 790,000.00 310,000.00 240,000.00 410,000.00 302,000.00 450,000.00 100,000.00 562,000.00

GROSS MARGIN 192,001,000.00 23,580,000.00 32,425,000.00 9,787,000.00 9,662,000.00 8,798,000.00 7,576,000.00 9,466,000.00 10,025,000.00 7,011,000.00 5,241,000.00 5,346,000.00 4,021,000.00 3,506,000.00 4,495,000.00 3,652,000.00 4,491,000.00 Less: Provision for Probable Loses 7,852,400.00 1,100,000.00 1,200,000.00 500,000.00 1,200,000.00 600,000.00 480,000.00 400,000.00 600,000.00 200,000.00 500,000.00 320,000.00 38,400.00 105,000.00 150,000.00 110,000.00

NET MARGIN 184,148,600.00 22,480,000.00 31,225,000.00 9,287,000.00 8,462,000.00 8,198,000.00 7,576,000.00 8,986,000.00 9,625,000.00 6,411,000.00 5,041,000.00 4,846,000.00 3,701,000.00 3,467,600.00 4,390,000.00 3,502,000.00 4,381,000.00

OPERATING COSTPersonnel & Officers Salaries & Wages 42,723,000.00 2,550,000.00 3,000,000.00 1,458,000.00 1,440,000.00 2,133,000.00 1,650,000.00 1,550,000.00 1,980,000.00 1,500,000.00 1,100,000.00 1,260,000.00 910,000.00 1,121,000.00 1,050,000.00 1,015,000.00 1,150,000.00 Employees Benefit 28,319,000.00 2,510,000.00 1,540,000.00 979,000.00 948,000.00 1,533,000.00 700,000.00 900,000.00 1,330,000.00 600,000.00 500,000.00 535,000.00 655,000.00 707,000.00 660,000.00 595,000.00 711,000.00 SSS/ECC Philhealth Pag-ibig contr. 4,097,000.00 290,000.00 305,000.00 172,000.00 160,000.00 236,000.00 130,000.00 180,000.00 179,000.00 150,000.00 70,000.00 90,000.00 100,000.00 141,000.00 72,000.00 57,000.00 101,000.00 Retirement Benefit Expense 2,935,000.00 330,000.00 275,000.00 92,000.00 180,000.00 60,000.00 132,000.00 180,000.00 15,000.00 80,000.00 70,000.00 100,000.00 18,000.00 60,000.00 62,000.00 30,000.00 Training& Seminars 3,540,000.00 150,000.00 130,000.00 90,000.00 40,000.00 70,000.00 65,000.00 60,000.00 90,000.00 150,000.00 60,000.00 43,000.00 30,000.00 70,000.00 50,000.00 50,000.00 46,000.00 Meeting & Conferences 1,223,000.00 130,000.00 120,000.00 20,000.00 24,000.00 30,000.00 50,000.00 36,000.00 20,000.00 30,000.00 5,000.00 35,000.00 30,000.00 30,000.00 20,000.00 24,000.00 12,000.00 Governance - Honoraria 144,000.00 20,000.00 15,000.00 60,000.00 12,000.00 15,000.00 22,000.00 Officers per diems & allo. 1,411,000.00 150,000.00 200,000.00 40,000.00 36,000.00 20,000.00 30,000.00 115,000.00 40,000.00 6,000.00 20,000.00 30,000.00 30,000.00 57,000.00 Representation 490,000.00 10,000.00 6,000.00 4,000.00 18,000.00 30,000.00 6,000.00 10,000.00 10,000.00 5,000.00 20,000.00 12,000.00 1,000.00 12,000.00 Affiliation Fee 150,000.00 Computerization - Depeciation of Office equiptment 1,883,000.00 510,000.00 120,000.00 86,000.00 139,000.00 80,000.00 80,000.00 211,000.00 Software cost and amortization 980,000.00 150,000.00 83,000.00 61,000.00 38,000.00 100,000.00 60,000.00 15,000.00 30,000.00 110,000.00 Security - Insurance 1,672,000.00 200,000.00 200,000.00 108,000.00 75,000.00 80,000.00 90,000.00 135,000.00 70,000.00 70,000.00 66,000.00 30,000.00 30,000.00 20,000.00 20,000.00 General Support Services 2,838,600.00 220,000.00 200,000.00 109,000.00 84,000.00 42,000.00 110,000.00 90,000.00 110,000.00 110,000.00 84,000.00 90,000.00 109,000.00 33,600.00 96,000.00 84,000.00 109,000.00 Information to members - Promotional Expense 6,160,000.00 150,000.00 120,000.00 150,000.00 205,000.00 299,000.00 180,000.00 450,000.00 150,000.00 150,000.00 180,000.00 101,000.00 150,000.00 207,000.00 300,000.00 200,000.00 242,000.00 Periodicals, Magazine & Subscription 37,000.00 5,000.00 6,000.00 5,000.00 2,000.00 1,000.00 6,000.00 2,000.00 1,000.00 Members benefit expense 32,000.00 6,000.00 20,000.00 General Assembly Expense 8,754,000.00 500,000.00 780,000.00 500,000.00 396,000.00 402,000.00 400,000.00 480,000.00 400,000.00 350,000.00 300,000.00 320,000.00 235,000.00 219,000.00 550,000.00 310,000.00 284,000.00 Administration - Office Supplies 2,808,000.00 150,000.00 280,000.00 60,000.00 134,000.00 108,000.00 130,000.00 80,000.00 120,000.00 90,000.00 96,000.00 45,000.00 84,000.00 30,000.00 125,000.00 80,000.00 80,000.00 Travel & Transportation 1,422,000.00 90,000.00 50,000.00 12,000.00 2,000.00 158,000.00 80,000.00 10,000.00 15,000.00 60,000.00 8,000.00 6,000.00 60,000.00 62,000.00 68,000.00 12,000.00 38,000.00 Fuel & Lubricants 1,152,000.00 50,000.00 120,000.00 102,000.00 121,000.00 85,000.00 75,000.00 120,000.00 90,000.00 90,000.00 24,000.00 40,000.00 25,000.00 30,000.00 Communication 2,543,000.00 200,000.00 145,000.00 120,000.00 132,000.00 117,000.00 120,000.00 90,000.00 150,000.00 96,000.00 80,000.00 120,000.00 82,000.00 93,000.00 90,000.00 90,000.00 Collection Expense 199,000.00 20,000.00 20,000.00 8,000.00 95,000.00 6,000.00 6,000.00 10,000.00 2,000.00 12,000.00 Litigation Expense 584,000.00 20,000.00 150,000.00 150,000.00 48,000.00 80,000.00 50,000.00 36,000.00 6,000.00 20,000.00

7


BUDGET Tibanga Pala-o Kiwalan Buru-un Maranding Bulua Tubod Poblacion Cogon Manticao Suarez Sat Carmen (CDO B3) Pagadian JC Aquino Langihan Tubod LDN SatPremises - Power Light & water 3,222,000.00 250,000.00 300,000.00 120,000.00 84,000.00 108,000.00 130,000.00 90,000.00 120,000.00 160,000.00 84,000.00 50,000.00 145,000.00 60,000.00 90,000.00 100,000.00 87,000.00 Repair & Maintenance 1,771,000.00 300,000.00 95,000.00 30,000.00 36,000.00 55,000.00 70,000.00 60,000.00 85,000.00 60,000.00 42,000.00 15,000.00 36,000.00 22,000.00 25,000.00 20,000.00 128,000.00 Rental 6,914,000.00 110,000.00 630,000.00 164,000.00 180,000.00 324,000.00 500,000.00 163,000.00 720,000.00 400,000.00 120,000.00 84,000.00 398,000.00 168,000.00 228,000.00 300,000.00 172,000.00 Amortization of Leasehold Improvements 120,000.00 120,000.00 Depreciation & Amortization 7,558,000.00 210,000.00 650,000.00 170,000.00 288,000.00 143,000.00 200,000.00 350,000.00 120,000.00 300,000.00 80,000.00 225,000.00 257,000.00 188,000.00 300,000.00 100,000.00 194,000.00 Others - Taxes & Licenses 1,018,000.00 20,000.00 15,000.00 10,000.00 7,000.00 10,000.00 9,000.00 10,000.00 25,000.00 6,000.00 6,000.00 6,000.00 5,000.00 5,000.00 8,000.00 10,000.00 10,000.00 Professional Fee 1,165,000.00 100,000.00 50,000.00 12,000.00 32,000.00 52,000.00 55,000.00 15,000.00 20,000.00 50,000.00 24,000.00 30,000.00 52,000.00 20,000.00 12,000.00 31,000.00 Bank Charges 28,000.00 5,000.00 4,000.00 1,000.00 1,000.00 2,000.00 3,000.00 Social Services 278,000.00 20,000.00 10,000.00 5,000.00 12,000.00 20,000.00 5,000.00 5,000.00 15,000.00 3,000.00 6,000.00 6,000.00 1,000.00 37,000.00 5,000.00 6,000.00 43,000.00 Staff Development 2,086,000.00 150,000.00 195,000.00 84,000.00 70,000.00 36,000.00 120,000.00 90,000.00 110,000.00 120,000.00 36,000.00 70,000.00 50,000.00 49,000.00 48,000.00 45,000.00 49,000.00 Medical/Dental Fee 90,000.00 Palakasan/Foundation Expenses 30,000.00 Camping/Jamboree Expenses - Science Physics/CSIW - Graduation & Yearbook Expenses 90,000.00 Discounts on Tuition Fee 35,000.00 Commission Expense 80,000.00 Surplus Allocation Fee - Payroll Servicing Fee - Provision for Unicoop Assistance 50,000.00

Provision for Probable Losses on Trade 787,000.00 775,000.00 Provision for Member's Protection Fund 829,000.00 200,000.00 200,000.00 60,000.00 60,000.00 36,000.00 30,000.00 18,000.00 26,000.00 50,000.00 24,000.00 30,000.00 12,000.00 5,000.00 5,000.00 60,000.00 Miscellaneous Expense 2,477,000.00 150,000.00 400,000.00 150,000.00 67,000.00 102,000.00 60,000.00 30,000.00 120,000.00 70,000.00 84,000.00 50,000.00 100,000.00 60,000.00 65,000.00 60,000.00 109,000.00

Total Operating Expenses 144,724,600.00 9,880,000 10,196,000 5,150,000 5,016,000 6,306,000 6,076,000 5,286,000 6,425,000 4,901,000 3,430,000 3,346,000 3,650,000 3,466,600 4,065,000 3,291,000 4,230,000

NET SURPLUS (LOSS) 39,424,000.00 12,600,000.00 21,029,000.00 4,137,000.00 3,446,000.00 1,892,000.00 1,500,000.00 3,700,000.00 3,200,000.00 1,510,000.00 1,611,000.00 1,500,000.00 51,000.00 1,000.00 325,000.00 211,000.00 151,000.00



BUDGET Tibanga Pala-o Kiwalan Buru-un Maranding Bulua Tubod Poblacion Cogon Manticao Suarez Sat Carmen (CDO B3) Pagadian JC Aquino Langihan Tubod LDN SatREVENUE:

Income from loansInterest from loans 149,010,000.00 27,500,000.00 23,905,000.00 8,033,000.00 8,122,000.00 8,047,000.00 6,591,000.00 7,530,000.00 8,160,000.00 5,931,000.00 4,228,000.00 4,368,000.00 3,139,000.00 3,046,000.00 3,590,000.00 2,912,000.00 4,171,000.00 Tuition and other related fees 9,490,000.00 Service Fees 23,580,000.00 3,630,000.00 4,200,000.00 1,320,000.00 1,008,000.00 1,300,000.00 1,150,000.00 1,440,000.00 1,440,000.00 1,200,000.00 840,000.00 648,000.00 600,000.00 480,000.00 720,000.00 360,000.00 520,000.00 Filing Fees, Fines & Penalties 4,954,000.00 350,000.00 1,200,000.00 500,000.00 200,000.00 500,000.00 100,000.00 180,000.00 250,000.00 120,000.00 130,000.00 300,000.00 100,000.00 60,000.00 5,000.00 3,000.00 150,000.00

Sales 55,530,000.00 Less: Direct Materials 34,314,800.00 Direct Labor & Const. Eqpt. 14,555,200.00 Overhead 1,912,000.00

Other IncomeInterest from Investment/Deposits 38,762,000.00 13,000,000.00 6,000,000.00 180,000.00 96,000.00 3,000.00 5,000.00 400,000.00 450,000.00 10,000.00 27,000.00 70,000.00 12,000.00 2,000.00 10,000.00 7,000.00 3,000.00 Commision Income 11,239,000.00 542,000.00 250,000.00 150,000.00 20,000.00 50,000.00Donation & Grants - Membership fee 3,932,000.00 100,000.00 120,000.00 72,000.00 72,000.00 65,000.00 130,000.00 72,000.00 75,000.00 130,000.00 72,000.00 50,000.00 130,000.00 120,000.00 180,000.00 180,000.00 60,000.00 Miscellaneous Income 8,642,000.00 1,000,000.00 1,000,000.00 282,000.00 78,000.00 255,000.00 400,000.00 294,000.00 150,000.00 260,000.00 234,000.00 150,000.00 450,000.00 100,000.00 440,000.00 240,000.00 149,000.00

Gross Income 254,357,000.00 45,580,000.00 36,425,000.00 10,387,000.00 10,118,000.00 10,170,000.00 8,376,000.00 9,916,000.00 10,775,000.00 7,801,000.00 5,551,000.00 5,586,000.00 4,431,000.00 3,808,000.00 4,945,000.00 3,752,000.00 5,053,000.00 EXPENSES:

Financing Cost:Int. Exp. from Deposit 47,230,000.00 22,000,000.00 4,000,000.00 600,000.00 396,000.00 322,000.00 300,000.00 450,000.00 750,000.00 240,000.00 80,000.00 200,000.00 60,000.00 52,000.00 300,000.00 50,000.00 162,000.00 Int. Exp. on Borrowings 15,126,000.00 60,000.00 1,050,000.00 500,000.00 550,000.00 230,000.00 40,000.00 350,000.00 250,000.00 150,000.00 50,000.00 400,000.00 Int. Exp. on Share Cap - Other Charges on Borrowings -

Total Financing Cost 62,356,000.00 22,000,000.00 4,000,000.00 600,000.00 456,000.00 1,372,000.00 800,000.00 450,000.00 750,000.00 790,000.00 310,000.00 240,000.00 410,000.00 302,000.00 450,000.00 100,000.00 562,000.00

GROSS MARGIN 192,001,000.00 23,580,000.00 32,425,000.00 9,787,000.00 9,662,000.00 8,798,000.00 7,576,000.00 9,466,000.00 10,025,000.00 7,011,000.00 5,241,000.00 5,346,000.00 4,021,000.00 3,506,000.00 4,495,000.00 3,652,000.00 4,491,000.00 Less: Provision for Probable Loses 7,852,400.00 1,100,000.00 1,200,000.00 500,000.00 1,200,000.00 600,000.00 480,000.00 400,000.00 600,000.00 200,000.00 500,000.00 320,000.00 38,400.00 105,000.00 150,000.00 110,000.00

NET MARGIN 184,148,600.00 22,480,000.00 31,225,000.00 9,287,000.00 8,462,000.00 8,198,000.00 7,576,000.00 8,986,000.00 9,625,000.00 6,411,000.00 5,041,000.00 4,846,000.00 3,701,000.00 3,467,600.00 4,390,000.00 3,502,000.00 4,381,000.00

OPERATING COSTPersonnel & Officers Salaries & Wages 42,723,000.00 2,550,000.00 3,000,000.00 1,458,000.00 1,440,000.00 2,133,000.00 1,650,000.00 1,550,000.00 1,980,000.00 1,500,000.00 1,100,000.00 1,260,000.00 910,000.00 1,121,000.00 1,050,000.00 1,015,000.00 1,150,000.00 Employees Benefit 28,319,000.00 2,510,000.00 1,540,000.00 979,000.00 948,000.00 1,533,000.00 700,000.00 900,000.00 1,330,000.00 600,000.00 500,000.00 535,000.00 655,000.00 707,000.00 660,000.00 595,000.00 711,000.00 SSS/ECC Philhealth Pag-ibig contr. 4,097,000.00 290,000.00 305,000.00 172,000.00 160,000.00 236,000.00 130,000.00 180,000.00 179,000.00 150,000.00 70,000.00 90,000.00 100,000.00 141,000.00 72,000.00 57,000.00 101,000.00 Retirement Benefit Expense 2,935,000.00 330,000.00 275,000.00 92,000.00 180,000.00 60,000.00 132,000.00 180,000.00 15,000.00 80,000.00 70,000.00 100,000.00 18,000.00 60,000.00 62,000.00 30,000.00 Training& Seminars 3,540,000.00 150,000.00 130,000.00 90,000.00 40,000.00 70,000.00 65,000.00 60,000.00 90,000.00 150,000.00 60,000.00 43,000.00 30,000.00 70,000.00 50,000.00 50,000.00 46,000.00 Meeting & Conferences 1,223,000.00 130,000.00 120,000.00 20,000.00 24,000.00 30,000.00 50,000.00 36,000.00 20,000.00 30,000.00 5,000.00 35,000.00 30,000.00 30,000.00 20,000.00 24,000.00 12,000.00 Governance - Honoraria 144,000.00 20,000.00 15,000.00 60,000.00 12,000.00 15,000.00 22,000.00 Officers per diems & allo. 1,411,000.00 150,000.00 200,000.00 40,000.00 36,000.00 20,000.00 30,000.00 115,000.00 40,000.00 6,000.00 20,000.00 30,000.00 30,000.00 57,000.00 Representation 490,000.00 10,000.00 6,000.00 4,000.00 18,000.00 30,000.00 6,000.00 10,000.00 10,000.00 5,000.00 20,000.00 12,000.00 1,000.00 12,000.00 Affiliation Fee 150,000.00 Computerization - Depeciation of Office equiptment 1,883,000.00 510,000.00 120,000.00 86,000.00 139,000.00 80,000.00 80,000.00 211,000.00 Software cost and amortization 980,000.00 150,000.00 83,000.00 61,000.00 38,000.00 100,000.00 60,000.00 15,000.00 30,000.00 110,000.00 Security - Insurance 1,672,000.00 200,000.00 200,000.00 108,000.00 75,000.00 80,000.00 90,000.00 135,000.00 70,000.00 70,000.00 66,000.00 30,000.00 30,000.00 20,000.00 20,000.00 General Support Services 2,838,600.00 220,000.00 200,000.00 109,000.00 84,000.00 42,000.00 110,000.00 90,000.00 110,000.00 110,000.00 84,000.00 90,000.00 109,000.00 33,600.00 96,000.00 84,000.00 109,000.00 Information to members - Promotional Expense 6,160,000.00 150,000.00 120,000.00 150,000.00 205,000.00 299,000.00 180,000.00 450,000.00 150,000.00 150,000.00 180,000.00 101,000.00 150,000.00 207,000.00 300,000.00 200,000.00 242,000.00 Periodicals, Magazine & Subscription 37,000.00 5,000.00 6,000.00 5,000.00 2,000.00 1,000.00 6,000.00 2,000.00 1,000.00 Members benefit expense 32,000.00 6,000.00 20,000.00 General Assembly Expense 8,754,000.00 500,000.00 780,000.00 500,000.00 396,000.00 402,000.00 400,000.00 480,000.00 400,000.00 350,000.00 300,000.00 320,000.00 235,000.00 219,000.00 550,000.00 310,000.00 284,000.00 Administration - Office Supplies 2,808,000.00 150,000.00 280,000.00 60,000.00 134,000.00 108,000.00 130,000.00 80,000.00 120,000.00 90,000.00 96,000.00 45,000.00 84,000.00 30,000.00 125,000.00 80,000.00 80,000.00 Travel & Transportation 1,422,000.00 90,000.00 50,000.00 12,000.00 2,000.00 158,000.00 80,000.00 10,000.00 15,000.00 60,000.00 8,000.00 6,000.00 60,000.00 62,000.00 68,000.00 12,000.00 38,000.00 Fuel & Lubricants 1,152,000.00 50,000.00 120,000.00 102,000.00 121,000.00 85,000.00 75,000.00 120,000.00 90,000.00 90,000.00 24,000.00 40,000.00 25,000.00 30,000.00 Communication 2,543,000.00 200,000.00 145,000.00 120,000.00 132,000.00 117,000.00 120,000.00 90,000.00 150,000.00 96,000.00 80,000.00 120,000.00 82,000.00 93,000.00 90,000.00 90,000.00 Collection Expense 199,000.00 20,000.00 20,000.00 8,000.00 95,000.00 6,000.00 6,000.00 10,000.00 2,000.00 12,000.00 Litigation Expense 584,000.00 20,000.00 150,000.00 150,000.00 48,000.00 80,000.00 50,000.00 36,000.00 6,000.00 20,000.00

7


BUDGET Tibanga Pala-o Kiwalan Buru-un Maranding Bulua Tubod Poblacion Cogon Manticao Suarez Sat Carmen (CDO B3) Pagadian JC Aquino Langihan Tubod LDN SatPremises - Power Light & water 3,222,000.00 250,000.00 300,000.00 120,000.00 84,000.00 108,000.00 130,000.00 90,000.00 120,000.00 160,000.00 84,000.00 50,000.00 145,000.00 60,000.00 90,000.00 100,000.00 87,000.00 Repair & Maintenance 1,771,000.00 300,000.00 95,000.00 30,000.00 36,000.00 55,000.00 70,000.00 60,000.00 85,000.00 60,000.00 42,000.00 15,000.00 36,000.00 22,000.00 25,000.00 20,000.00 128,000.00 Rental 6,914,000.00 110,000.00 630,000.00 164,000.00 180,000.00 324,000.00 500,000.00 163,000.00 720,000.00 400,000.00 120,000.00 84,000.00 398,000.00 168,000.00 228,000.00 300,000.00 172,000.00 Amortization of Leasehold Improvements 120,000.00 120,000.00 Depreciation & Amortization 7,558,000.00 210,000.00 650,000.00 170,000.00 288,000.00 143,000.00 200,000.00 350,000.00 120,000.00 300,000.00 80,000.00 225,000.00 257,000.00 188,000.00 300,000.00 100,000.00 194,000.00 Others - Taxes & Licenses 1,018,000.00 20,000.00 15,000.00 10,000.00 7,000.00 10,000.00 9,000.00 10,000.00 25,000.00 6,000.00 6,000.00 6,000.00 5,000.00 5,000.00 8,000.00 10,000.00 10,000.00 Professional Fee 1,165,000.00 100,000.00 50,000.00 12,000.00 32,000.00 52,000.00 55,000.00 15,000.00 20,000.00 50,000.00 24,000.00 30,000.00 52,000.00 20,000.00 12,000.00 31,000.00 Bank Charges 28,000.00 5,000.00 4,000.00 1,000.00 1,000.00 2,000.00 3,000.00 Social Services 278,000.00 20,000.00 10,000.00 5,000.00 12,000.00 20,000.00 5,000.00 5,000.00 15,000.00 3,000.00 6,000.00 6,000.00 1,000.00 37,000.00 5,000.00 6,000.00 43,000.00 Staff Development 2,086,000.00 150,000.00 195,000.00 84,000.00 70,000.00 36,000.00 120,000.00 90,000.00 110,000.00 120,000.00 36,000.00 70,000.00 50,000.00 49,000.00 48,000.00 45,000.00 49,000.00 Medical/Dental Fee 90,000.00 Palakasan/Foundation Expenses 30,000.00 Camping/Jamboree Expenses - Science Physics/CSIW - Graduation & Yearbook Expenses 90,000.00 Discounts on Tuition Fee 35,000.00 Commission Expense 80,000.00 Surplus Allocation Fee - Payroll Servicing Fee - Provision for Unicoop Assistance 50,000.00

Provision for Probable Losses on Trade 787,000.00 775,000.00 Provision for Member's Protection Fund 829,000.00 200,000.00 200,000.00 60,000.00 60,000.00 36,000.00 30,000.00 18,000.00 26,000.00 50,000.00 24,000.00 30,000.00 12,000.00 5,000.00 5,000.00 60,000.00 Miscellaneous Expense 2,477,000.00 150,000.00 400,000.00 150,000.00 67,000.00 102,000.00 60,000.00 30,000.00 120,000.00 70,000.00 84,000.00 50,000.00 100,000.00 60,000.00 65,000.00 60,000.00 109,000.00

Total Operating Expenses 144,724,600.00 9,880,000 10,196,000 5,150,000 5,016,000 6,306,000 6,076,000 5,286,000 6,425,000 4,901,000 3,430,000 3,346,000 3,650,000 3,466,600 4,065,000 3,291,000 4,230,000

NET SURPLUS (LOSS) 39,424,000.00 12,600,000.00 21,029,000.00 4,137,000.00 3,446,000.00 1,892,000.00 1,500,000.00 3,700,000.00 3,200,000.00 1,510,000.00 1,611,000.00 1,500,000.00 51,000.00 1,000.00 325,000.00 211,000.00 151,000.00

.


Premises Power Light & water Repair & Maintenance Rental Amortization of Leasehold Improvements Depreciation & AmortizationOthers Taxes & Licenses Professional Fee Bank Charges Social Services Staff Development Medical/Dental Fee Palakasan/Foundation Expenses Camping/Jamboree Expenses Science Physics/CSIW Graduation & Yearbook Expenses Discounts on Tuition Fee Commission Expense Surplus Allocation Fee Payroll Servicing Fee Provision for Unicoop Assistance

Provision for Probable Losses on Trade Provision for Member's Protection Fund Miscellaneous Expense

Total Operating Expenses

NET SURPLUS (LOSS)

Bacolod Laguindingan Gen. San Davao CDO 5 Ampayon CDO 6 Gensan/ Davao 2 Bukidnon/ Pagadian 2 Puerto ACADEMY CLAC COOP CARE PMD/ HOUSING HEAD OFFICE- - - - -

72,000.00 60,000.00 55,000.00 50,000.00 50,000.00 45,000.00 40,000.00 40,000.00 35,000.00 58,000.00 400,000.00 35,000.00 64,000.00 240,000.00 20,000.00 8,000.00 6,000.00 5,000.00 5,000.00 4,000.00 4,000.00 4,000.00 3,000.00 28,000.00 225,000.00 25,000.00 5,000.00 50,000.00 300,000.00 72,000.00 126,000.00 275,000.00 250,000.00 250,000.00 225,000.00 200,000.00 200,000.00 175,000.00 240,000.00 120,000.00 120,000.00

- - - - - - - 154,000.00 60,000.00 13,000.00 12,000.00 12,000.00 10,000.00 9,000.00 9,000.00 8,000.00 410,000.00 1,586,000.00 1,500,000.00

- - - - - 7,000.00 6,000.00 3,000.00 3,000.00 3,000.00 2,000.00 2,000.00 2,000.00 2,000.00 5,000.00 3,000.00 800,000.00 18,000.00

32,000.00 12,000.00 - - - - - - - 6,000.00 30,000.00 15,000.00 15,000.00 500,000.00 - - - - - - - 12,000.00

6,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 65,000.00 32,000.00 36,000.00 - - - - - - - 70,000.00 200,000.00 50,000.00 10,000.00 85,000.00 281,000.00

- - - - - - - 90,000.00 - - - - - - - 30,000.00 - - - - - - - - - - - - - - - - - - - - - 90,000.00 - - - - - - - 35,000.00 - - - - - - - 50,000.00 30,000.00 - - - - - - - - - - - - - - - - - - - - - 50,000.00 - - - - - - - 12,000.00

6,000.00 2,000.00 - - - - - - - 5,000.00 17,000.00 82,000.00 5,000.00 4,000.00 4,000.00 4,000.00 3,000.00 3,000.00 3,000.00 90,000.00 45,000.00 40,000.00 65,000.00 220,000.00 215,000.00 2,413,000 2,904,000 2,457,000 2,233,000 2,233,000 2,009,000 1,786,000 1,786,000 1,562,000 3,776,000 9,786,000 2,075,000 1,284,000 3,141,000 20,565,000

14,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 31,000.00 (2,796,000.00) 8,082,000.00 278,000.00 (4,553,000.00) (18,505,000.00)


REVENUE:Income from loans

Interest from loansTuition and other related feesService FeesFiling Fees, Fines & Penalties

SalesLess: Direct MaterialsDirect Labor & Const. Eqpt.Overhead

Other IncomeInterest from Investment/DepositsCommision IncomeDonation & GrantsMembership feeMiscellaneous Income

Gross IncomeEXPENSES:

Financing Cost:Int. Exp. from DepositInt. Exp. on BorrowingsInt. Exp. on Share CapOther Charges on Borrowings

Total Financing Cost

GROSS MARGINLess: Provision for Probable Loses

NET MARGIN

OPERATING COSTPersonnel & Officers Salaries & Wages Employees Benefit SSS/ECC Philhealth Pag-ibig contr. Retirement Benefit Expense Training& Seminars Meeting & Conferences Governance Honoraria Officers per diems & allo. Representation Affiliation FeeComputerization Depeciation of Office equiptment Software cost and amortizationSecurity Insurance General Support ServicesInformation to members Promotional Expense Periodicals, Magazine & Subscription Members benefit expense General Assembly ExpenseAdministration Office Supplies Travel & Transportation Fuel & Lubricants Communication Collection Expense Litigation Expense

Bacolod Laguindingan Gen. San Davao CDO 5 Ampayon CDO 6 Gensan/ Davao 2 Bukidnon/ Pagadian 2 Puerto ACADEMY CLAC COOP CARE PMD/ HOUSING HEAD OFFICEFeb Mar Mar Apr May May Jun

1,927,000.00 2,046,000.00 2,257,000.00 2,051,000.00 2,051,000.00 1,843,000.00 1,655,000.00 1,655,000.00 1,452,000.00 2,800,000.00- - - - - - - 9,490,000.00

264,000.00 480,000.00 220,000.00 200,000.00 200,000.00 180,000.00 160,000.00 160,000.00 140,000.00 720,000.006,000.00 200,000.00 92,000.00 83,000.00 83,000.00 75,000.00 67,000.00 67,000.00 58,000.00 75,000.00

55,530,000.00 34,314,800.00 14,555,200.00 1,912,000.00

- - - - - - - - - - - - - -

12,000.00 6,000.00 - - - - - - - 24,000.00 205,000.00 200,000.00 40,000.00 18,000,000.00 245,000.00 25,000.00 - - - - - - - 9,957,000.00

- - - - - - - 48,000.00 131,000.00 200,000.00 180,000.00 180,000.00 165,000.00 130,000.00 130,000.00 110,000.00 130,000.00 900,000.00

106,000.00 300,000.00 119,000.00 109,000.00 109,000.00 97,000.00 86,000.00 86,000.00 76,000.00 440,000.00 950,000.00 622,000.00 60,000.00 2,608,000.00 3,188,000.00 2,888,000.00 2,623,000.00 2,623,000.00 2,360,000.00 2,098,000.00 2,098,000.00 1,836,000.00 4,189,000.00 10,645,000.00 10,157,000.00 1,562,000.00 4,748,000.00 18,060,000.00

49,000.00 30,000.00 177,000.00 160,000.00 160,000.00 144,000.00 128,000.00 128,000.00 112,000.00 20,000.00 160,000.00 16,000,000.00 32,000.00 105,000.00 253,000.00 229,000.00 229,000.00 206,000.00 183,000.00 183,000.00 161,000.00 260,000.00 3,655,000.00 6,000,000.00

- - - - - -

81,000.00 135,000.00 430,000.00 389,000.00 389,000.00 350,000.00 311,000.00 311,000.00 273,000.00 280,000.00 3,655,000.00 - - 6,160,000.00 16,000,000.00

2,527,000.00 3,053,000.00 2,458,000.00 2,234,000.00 2,234,000.00 2,010,000.00 1,787,000.00 1,787,000.00 1,563,000.00 3,909,000.00 6,990,000.00 10,157,000.00 1,562,000.00 (1,412,000.00) 2,060,000.00

100,000.00 147,000.00 102,000.00 -

2,427,000.00 2,906,000.00 2,458,000.00 2,234,000.00 2,234,000.00 2,010,000.00 1,787,000.00 1,787,000.00 1,563,000.00 3,807,000.00 6,990,000.00 10,157,000.00 1,562,000.00 (1,412,000.00) 2,060,000.00

840,000.00 851,000.00 793,000.00 721,000.00 721,000.00 649,000.00 577,000.00 577,000.00 505,000.00 1,080,000.00 2,820,000.00 600,000.00 225,000.00 450,000.00 6,447,000.00 468,000.00 503,000.00 726,000.00 661,000.00 661,000.00 594,000.00 528,000.00 528,000.00 462,000.00 695,000.00 2,660,000.00 400,000.00 205,000.00 180,000.00 3,645,000.00 96,000.00 65,000.00 57,000.00 52,000.00 52,000.00 46,000.00 42,000.00 42,000.00 37,000.00 166,000.00 350,000.00 50,000.00 27,000.00 65,000.00 517,000.00 24,000.00 6,000.00 57,000.00 52,000.00 52,000.00 47,000.00 41,000.00 41,000.00 36,000.00 108,000.00 165,000.00 55,000.00 30,000.00 537,000.00

50,000.00 5,000.00 4,000.00 4,000.00 4,000.00 3,000.00 3,000.00 3,000.00 25,000.00 120,000.00 100,000.00 25,000.00 2,000,000.00 12,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 1,000.00 19,000.00 35,000.00 50,000.00 10,000.00 68,000.00 400,000.00

- - - - - - - - - - - - - - - - - - - 42,000.00 140,000.00 60,000.00 290,000.00 105,000.00

5,000.00 1,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 1,000.00 7,000.00 5,000.00 15,000.00 10,000.00 260,000.00 30,000.00 - - - - - - - 150,000.00 - - - - - -

154,000.00 50,000.00 28,000.00 25,000.00 25,000.00 23,000.00 20,000.00 20,000.00 18,000.00 50,000.00 22,000.00 222,000.00 65,000.00 38,000.00 37,000.00 33,000.00 33,000.00 30,000.00 27,000.00 27,000.00 23,000.00 20,000.00

- - - - - 13,000.00 24,000.00 2,000.00 2,000.00 2,000.00 2,000.00 1,000.00 1,000.00 1,000.00 30,000.00 100,000.00 30,000.00 10,000.00 10,000.00 250,000.00 24,000.00 84,000.00 77,000.00 70,000.00 70,000.00 63,000.00 56,000.00 56,000.00 49,000.00 109,000.00 280,000.00 220,000.00

- - - - - 144,000.00 302,000.00 55,000.00 50,000.00 50,000.00 45,000.00 40,000.00 40,000.00 35,000.00 150,000.00 30,000.00 80,000.00 250,000.00 155,000.00 1,500,000.00

1,000.00 - - - - - - - 2,000.00 6,000.00 6,000.00 - - - - - - -

24,000.00 250,000.00 202,000.00 183,000.00 183,000.00 165,000.00 147,000.00 147,000.00 128,000.00 254,000.00 60,000.00 75,000.00 10,000.00 500,000.00 - - - - -

52,000.00 108,000.00 11,000.00 10,000.00 10,000.00 9,000.00 8,000.00 8,000.00 7,000.00 18,000.00 170,000.00 80,000.00 25,000.00 100,000.00 500,000.00 4,000.00 4,000.00 11,000.00 10,000.00 10,000.00 9,000.00 8,000.00 8,000.00 7,000.00 30,000.00 25,000.00 30,000.00 15,000.00 270,000.00 250,000.00

46,000.00 84,000.00 - - - - - - - 30,000.00 20,000.00 36,000.00 72,000.00 33,000.00 30,000.00 30,000.00 27,000.00 24,000.00 24,000.00 21,000.00 78,000.00 80,000.00 45,000.00 5,000.00 22,000.00 291,000.00

1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00 - - - - - - - 24,000.00


CAPITAL TOTAL Tibanga Poblacion Pala-o Tubod Kiwalan Manticao Buru-un Suarez Maranding Tubod LDN Cogon Carmen Bulua Puerto JC Aquino Bacolod Pagadian LangihanEXPENDITURE (in Units) Qty. AMOUNT Main Branch Branch Branch Branch Branch Branch Branch Branch Satellite Branch Branch Branch Branch Branch Satellite Branch BranchBUILDING CONSTRUCTION

Building Construction

BLDG. RENO./ LEASEHOLD IMP.Building Improvements/Renovations 300,000 800,000 70,000 150,000 100,000 300,000 50,000 150,000 500,000 100,000Leasehold improvements 2,540,000 500,000Land & Building Construction 500,000

45,000,000MANUALIZATION

300,000COMPUTERIZATION/ INTERCONNECTIVITYIT Development/ Interconnectivity 500,000 300,000 500,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000MIS (SS product) 7,900,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000UPS 1,300,000 3 5 3 4 3 5 2 3 2 3 2 1 3 2 2 1 Server 259,000 40,000 40,000 60,000Data cabinet 140,000 1 1 1 1 Structured cabling/ network rehab/switch 160,000 30,000 30,000 30,000 30,000 30,000 30,000 10,000 30,000 20,000 30,000 30,000 10,000 10,000 10,000 Software licenses pcs

Windows 7 Pro 948,000 1 2 2 2 2 1 1 4 1 1 1 1 1 1 Antivi 70,000 2 2 1 2 1 4 1 1 2 1 Ms Office 2,000 2 1 1 4 1 1 1 1

DOCUMENTATION (ACAD)FAPE Documentation 50,000

50,000OFFICE EQUIPMENT

Aircon unit 1 1 1 1 1 1 1 1 Biometric Bundy Clock unit 1,050,000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Canon printer (colored) unit 800,000 1 1 1 Card maker unit 40,000Computer cover unit 120,000Computer set set 2 2 3 2 3 1 2 2 1 2 1 3 2 1 2 1 CPU unit 2,485,000 2 3 Electronic Numbering unit 90,000 1 1 1 1 1 1 1 1 1 1 1 1 1 Epson FX 2175 unit 420,000External DVD/CD-ROM unitExternal Memory 1TB unit 1 Fake Money Detector pc. 40,000 1 1 1 Fax machine with telephone unit 20,000 1 1 1 1 1 Generator unit 120,000 1 1 1 1 1 1 1 1 1 1 1 Inkjet HP 900 unit 600,000Ipad unitLaptop/ Notebook unit 175,000 1 1 1 1 1 1 2 1 Laser / Ink Printer unit 1,020,000 1 Money Counter unit 8,000 1 Monitor unit 85,000PABX unitPaper ShredderPassbook Printer unit 1 1 1 1 1 1 1 POS unit 700,000 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 Power scanner 300,000Printer (FX- 2175)Printer LQ – 300+II unit 3 1 1 1 1 1 2 1 1 1 Printer Network 200,000Printer ColoredReplacement INEO sensorRiso and photocopier unitScanner unit 75,000Signature pad unit 1 1 1 1 1 1 1 1 1 1 1 1 Telephone unit 380,000Typewriter unitWebcam unit

FURNITURES & FIXTURESAlarm System 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Cabinets and other Fixtures unit 384,000Cash box pc. 2 1 CCTV camera/ Surveillance Camera unit 12,000Conference Table set for the board room setCoop library unitCurtains/ Computer cover pc. 50,000Curtains/ Computer cover pc. 50,000Customised tables with swivel chairs set 5,000Digital Camera unit 1 DVD player unit 25,000

)

CAPITAL TOTAL Tibanga Poblacion Pala-o Tubod Kiwalan Manticao Buru-un Suarez Maranding Tubod LDN Cogon Carmen Bulua Puerto JC Aquino Bacolod Pagadian LangihanEXPENDITURE (in Units) Qty. AMOUNT Main Branch Branch Branch Branch Branch Branch Branch Branch Satellite Branch Branch Branch Branch Branch Satellite Branch Branch

Emergency Light pc. 2 2 4 2 4 Executive Chair for the board room pc. 56,000Fire extinguisher unit 1 1 1 2 Framed charcoal paintings pc. 120,000Gang chairs set 4 2 4 2 4 2 4 1 3 1 1 Helmet 780,000 2 1 Kitchen Utensils (for visitors)LCD Projector unit 1 1 Monobloc chairs pc. 380,000Motorcycle (XRM) unit 2 1 1 1 3 3 2 2 1 2 1 2 2 1 1 1 1 Multicab/ Vehicle unit 2,450,000Office blinds/ tint pc.Office Chairs/ Swivel Chairs pc. 3 4 5 2 5 8 2 2 Office Tables/Computer Table unit 308,000 4 3 5 2 2 1 6 1 Partition/ Counter unit 470,000Plastic Chairs pc.Promotional Table 228,000Promotional glass cabinetPublic Address System for the Board room unitRound table setSignage/billboards pc. 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Sofa w/ Center Table set 1,140,000Sound System/Speaker System unitStand Fan unitSteel Cabinet unit 1 1 1 1 1 1 Suggestion box pc. 210,000Supplies pc.Table Cover (Glass) pc.Television unit 1 1 1 1 1 1 Trophy & awards gallery pc. 410,000Vault unit 50,000 1 1 1 Visitor's Chair 675,000Water Dispenser unit 1 Water tank (stainless) unit 40,000 1 White board unit 20,000

Proposed Housing Project

ITTechnician toolsHandy blower for Preventive MaintenanceNAS Network-Attached Storage 2TB - for Official Data Storage* Heavy Duty Router External DVD ROM - for repairsHeavy duty routerWebsite Enhancement (prof.fee 6mos)Mobile Internet Modem (Globe&Smartbro)

SPORTIVOSportivo Tire Replacement (4pcs)Sportivo Battery ReplacementSportivo Regular Check Up (Maintenance)Leather upholstery replacement

Executive Van

LIBRARYReference books & Library supplies

20,000H. E. LABORATORY

Bed unitBlender unit 4,500Sala Set unitLab Apparatus 15,000Electric StreamerHand MixerSewing Machine unitWorking tables & others unit 10,000TOTAL 75,810,500


CAPITAL TOTAL Tibanga Poblacion Pala-o Tubod Kiwalan Manticao Buru-un Suarez Maranding Tubod LDN Cogon Carmen Bulua Puerto JC Aquino Bacolod Pagadian LangihanEXPENDITURE (in Units) Qty. AMOUNT Main Branch Branch Branch Branch Branch Branch Branch Branch Satellite Branch Branch Branch Branch Branch Satellite Branch BranchBUILDING CONSTRUCTION


BLDG. RENO./ LEASEHOLD IMP.Building Improvements/Renovations 300,000 800,000 70,000 150,000 100,000 300,000 50,000 150,000 500,000 100,000Leasehold improvements 2,540,000 500,000Land & Building Construction 500,000

45,000,000MANUALIZATION

300,000COMPUTERIZATION/ INTERCONNECTIVITYIT Development/ Interconnectivity 500,000 300,000 500,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000MIS (SS product) 7,900,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000UPS 1,300,000 3 5 3 4 3 5 2 3 2 3 2 1 3 2 2 1 Server 259,000 40,000 40,000 60,000Data cabinet 140,000 1 1 1 1 Structured cabling/ network rehab/switch 160,000 30,000 30,000 30,000 30,000 30,000 30,000 10,000 30,000 20,000 30,000 30,000 10,000 10,000 10,000 Software licenses pcs

Windows 7 Pro 948,000 1 2 2 2 2 1 1 4 1 1 1 1 1 1 Antivi 70,000 2 2 1 2 1 4 1 1 2 1 Ms Office 2,000 2 1 1 4 1 1 1 1

DOCUMENTATION (ACAD)FAPE Documentation 50,000

50,000OFFICE EQUIPMENT

Aircon unit 1 1 1 1 1 1 1 1 Biometric Bundy Clock unit 1,050,000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Canon printer (colored) unit 800,000 1 1 1 Card maker unit 40,000Computer cover unit 120,000Computer set set 2 2 3 2 3 1 2 2 1 2 1 3 2 1 2 1 CPU unit 2,485,000 2 3 Electronic Numbering unit 90,000 1 1 1 1 1 1 1 1 1 1 1 1 1 Epson FX 2175 unit 420,000External DVD/CD-ROM unitExternal Memory 1TB unit 1 Fake Money Detector pc. 40,000 1 1 1 Fax machine with telephone unit 20,000 1 1 1 1 1 Generator unit 120,000 1 1 1 1 1 1 1 1 1 1 1 Inkjet HP 900 unit 600,000Ipad unitLaptop/ Notebook unit 175,000 1 1 1 1 1 1 2 1 Laser / Ink Printer unit 1,020,000 1 Money Counter unit 8,000 1 Monitor unit 85,000PABX unitPaper ShredderPassbook Printer unit 1 1 1 1 1 1 1 POS unit 700,000 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 Power scanner 300,000Printer (FX- 2175)Printer LQ – 300+II unit 3 1 1 1 1 1 2 1 1 1 Printer Network 200,000Printer ColoredReplacement INEO sensorRiso and photocopier unitScanner unit 75,000Signature pad unit 1 1 1 1 1 1 1 1 1 1 1 1 Telephone unit 380,000Typewriter unitWebcam unit

FURNITURES & FIXTURESAlarm System 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Cabinets and other Fixtures unit 384,000Cash box pc. 2 1 CCTV camera/ Surveillance Camera unit 12,000Conference Table set for the board room setCoop library unitCurtains/ Computer cover pc. 50,000Curtains/ Computer cover pc. 50,000Customised tables with swivel chairs set 5,000Digital Camera unit 1 DVD player unit 25,000

)

CAPITAL TOTAL Tibanga Poblacion Pala-o Tubod Kiwalan Manticao Buru-un Suarez Maranding Tubod LDN Cogon Carmen Bulua Puerto JC Aquino Bacolod Pagadian LangihanEXPENDITURE (in Units) Qty. AMOUNT Main Branch Branch Branch Branch Branch Branch Branch Branch Satellite Branch Branch Branch Branch Branch Satellite Branch Branch

Emergency Light pc. 2 2 4 2 4 Executive Chair for the board room pc. 56,000Fire extinguisher unit 1 1 1 2 Framed charcoal paintings pc. 120,000Gang chairs set 4 2 4 2 4 2 4 1 3 1 1 Helmet 780,000 2 1 Kitchen Utensils (for visitors)LCD Projector unit 1 1 Monobloc chairs pc. 380,000Motorcycle (XRM) unit 2 1 1 1 3 3 2 2 1 2 1 2 2 1 1 1 1 Multicab/ Vehicle unit 2,450,000Office blinds/ tint pc.Office Chairs/ Swivel Chairs pc. 3 4 5 2 5 8 2 2 Office Tables/Computer Table unit 308,000 4 3 5 2 2 1 6 1 Partition/ Counter unit 470,000Plastic Chairs pc.Promotional Table 228,000Promotional glass cabinetPublic Address System for the Board room unitRound table setSignage/billboards pc. 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Sofa w/ Center Table set 1,140,000Sound System/Speaker System unitStand Fan unitSteel Cabinet unit 1 1 1 1 1 1 Suggestion box pc. 210,000Supplies pc.Table Cover (Glass) pc.Television unit 1 1 1 1 1 1 Trophy & awards gallery pc. 410,000Vault unit 50,000 1 1 1 Visitor's Chair 675,000Water Dispenser unit 1 Water tank (stainless) unit 40,000 1 White board unit 20,000




Executive Van


20,000H. E. LABORATORY

Bed unitBlender unit 4,500Sala Set unitLab Apparatus 15,000Electric StreamerHand MixerSewing Machine unitWorking tables & others unit 10,000TOTAL 75,810,500

Ć

CAPITAL EXPENDITURE (in Units)BUILDING CONSTRUCTION


BLDG. RENO./ LEASEHOLD IMP.Building Improvements/RenovationsLeasehold improvementsLand & Building Construction

MANUALIZATION

COMPUTERIZATION/ INTERCONNECTIVITYIT Development/ InterconnectivityMIS (SS product)UPSServerData cabinetStructured cabling/ network rehab/switchSoftware licenses

Windows 7 ProAntiviMs Office

DOCUMENTATION (ACAD)FAPE Documentation

OFFICE EQUIPMENTAirconBiometric Bundy ClockCanon printer (colored)Card makerComputer coverComputer setCPUElectronic NumberingEpson FX 2175External DVD/CD-ROMExternal Memory 1TBFake Money DetectorFax machine with telephoneGeneratorInkjet HP 900IpadLaptop/ NotebookLaser / Ink Printer Money CounterMonitorPABXPaper ShredderPassbook PrinterPOSPower scannerPrinter (FX- 2175)Printer LQ – 300+IIPrinter NetworkPrinter ColoredReplacement INEO sensorRiso and photocopierScannerSignature padTelephoneTypewriterWebcam

FURNITURES & FIXTURESAlarm SystemCabinets and other FixturesCash boxCCTV camera/ Surveillance CameraConference Table set for the board roomCoop libraryCurtains/ Computer cover

Laguindingan New New New New New New ACADEMY CLAC Coop HOMESatellite B1 B2 B3 B4 B5 B6 Care OFFICE

20,000 80,000

45,000,000

300,000.00

300,000 250,000 250,000 250,000 250,000 250,000 250,000 300,00050,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

4 4 4 4 4 4 4 2 1 10

1 1 1 1 1 1 10,000 10,000 10,000 10,000 10,000 10,000

1 5 5 5 5 5 5 2 1 18 1 5 5 5 5 5 5 2 1 18

1 1 1 1 1 1 18

1 1 1 1 1 1 1 1 1

2 1

4 4 4 4 4 4 4 1 9 1

1

1 5 1 1 1 1 1 1 1

1 1 1 1 1 1 1 1

1 1 1 1 1 1 1 1 12

1

1 1 1 1 1 1 1

1 2

1 1 1 1 1 1 1 2

1 2 1

1

1 1 1 1 1 1 1

1

1 1 1 1 1 1

1 Curtains/ Computer coverCustomised tables with swivel chairsDigital CameraDVD player

)

CAPITAL EXPENDITURE (in Units)

Emergency LightExecutive Chair for the board roomFire extinguisherFramed charcoal paintingsGang chairsHelmetKitchen Utensils (for visitors)LCD ProjectorMonobloc chairsMotorcycle (XRM)Multicab/ VehicleOffice blinds/ tintOffice Chairs/ Swivel ChairsOffice Tables/Computer TablePartition/ CounterPlastic ChairsPromotional TablePromotional glass cabinetPublic Address System for the Board roomRound tableSignage/billboardsSofa w/ Center TableSound System/Speaker SystemStand FanSteel CabinetSuggestion boxSuppliesTable Cover (Glass)TelevisionTrophy & awards galleryVaultVisitor's ChairWater DispenserWater tank (stainless)White board




Executive Van


H. E. LABORATORYBedBlenderSala SetLab ApparatusElectric StreamerHand MixerSewing MachineWorking tables & othersTOTAL

Laguindingan New New New New New New ACADEMY CLAC Coop HOMESatellite B1 B2 B3 B4 B5 B6 Care OFFICE

2 2 2 2 2 2 2

1 1 1 1 1 1 1

4 4 4 4 4 4

1 2

2 1 5

2 4 4 4 4 4 4 1 14 2 1 1 1 1 1 1 2 1 9

12 12 12 12 12 12 200 1 1

2 2 2 2 2 2 2 1 2

1 1 6

1 2 1

1 1 1 1 1 1 3 3 3 3 3 3 1 1 1 1 1 1 1

1 1 1 1 1 1

6 mos.2

4 once

quarterly1

1,600,000




IVORY


M i c r o t r a d e

IBM Authorized Service Center

MAIN OFFICE#092 G/F ICS Bldg., Tiano-Montalvan Sts

9000 Cagayan de Oro CityTel. Nos. 710-155;856-5544; 856-5534

Telefax (088) 856 4212 loc15

MALAYBALAYG. Tabios St.; Malaybalay City

Telefax: (088) 813-4030; 221-2346PAGADIAN

Sunsquare Business Center,B. Aquino St. Infront of new BE

Tel. Nos. (062) 353-1999; 214-4846BUTUAN

J. Rosales St., Butuan CityTel. No (085) 341-9317

PABX & Telephone setsSurveilance Cameras

COMPUTER SALES AND SERVICES LAN/WAN, STRUCTURAL CABLING SERVICES PASSBOOK PRINTERS (TALLY/EPSON) TELECOMMUNICATION SYSTEMS (PABX,VOIP) WIRELESS SOLUTIONS SURVEILLANCE/CCTV SYSTEM ID/ATM CARD PRINTING

SOLUTIONS REPAIR AND MAINTENANCE SERVICES BIOMETRICS TIME AND ATTENDANCE SYSTEM AUDIO/VISUAL SYSTEM

G C M C O R P O R A T I O N

e-mail add: [email protected] Contact Person: Cleorina G. Tan

NATIONAL CONFEDERATION OF COOPERATIVES (NATCCO) MUTUAL BENEFIT ASSOCIATION, INC. 227 JP Rizal St., Project 4, 1109 Quezon City Tel. No. (632) 913-7011 to 320 ; TIN 007-283-700

1. BASIC MEMBERSHIP

₱10,000 Cash Assistance for Natural Death ₱20,000 Cash Assistance for Accidental Death Participation in Governance by Proxy ₱30/Month Contribution

2. OPTIONAL COVERAGE Coverage per Unit:

→ ₱10,000 for Natural Death → ₱20,000 for Accidental Death

Contribution per Unit: → ₱4/mo. : per Unit for 18-34 y/o → ₱5/mo. : per Unit for 35-44 y/o → ₱13/mo.:per Unit for 45-59 y/o → ₱22/mo.:per Unit for 60-64 y/o

3. LOAN GUARANTEE Pays Lending Coops the Loan Amount Covers Borrowers During the Loan Term Premiums: ₱0.60/1,000 Loan/Month

J3G Printing Antonio A. Galope

Resa R. Galope 09279900733/ 09493465044

[email protected] Bulua, Cagayan de Oro City

“We print all your printing needs at the lowest price”


82

MSU-

IIT M

PC Pa

kigsa

yud

2012

Clus

ter As

semb

lies


MSU-IIT Coop JingleWords and Music: Melvin Anggot

Instrumentation & Arrangement: Ian Cutad Produced by: Jay Harvey Balobalo/9200 Media Specialist

Together we reach our dreams Jointly we lift our lives’ standing

Building a better community Uniting our strength

Believing in everyone’s capacity In fairness we make a team

Justly we break the walls dividing Shaping a radiant society

Keeping the flame Driving the spirit of solidarity

*I am here for you And you for me

Helping each other, helping ourselves We’re here to share and live to give

**So I grow with you And you with me

We’ll always be one family The MSU-IIT National Multi-Purpose Cooperative…. (repeat 1, 2 & *)

Kauban mo ako, kauban ko ikaw, komunidad nga nagtinabangay Ania kita mag-unongay

Kasama mo ako, kasama ko ikaw Pamayanan na nagtutulongan…

We’ll always be one family The MSU-IIT National Multi-Purpose Cooperative


Head OfficeBenegrado, Deal Noel D. Chief Executive OfficerDiaz, Renan P. Chief Operating OfficerPabillar, Loradel B. AccountantMesias, Rizalee T. Marketing OfficerFlores, Ana B. Special Savings SpecialistTuyor, Jesse C. Utility WorkerYamba, Abegail F. Human Resource OfficerDaleon, Aiza Fe M. BookkeeperMendez, Ariel P. Utility WorkerSerbo, Niña M. BookkeeperJimenez, Yani A. Executive SecretaryMolina, Berlyn P. Internal AuditorMahinay, Jessel Mae E. HR StaffInterone, Charlotte G. Internal AuditorSasil, Ryan D. HR StaffAlia, Aldie P. IT StaffLumanta, Arnold Brian A. MDO

Tibanga MainGallo, Carmelita N. Branch ManagerCardines, Kathleya Jane B. Acting CashierCabasan, Liza Lorraine A. BookkeeperOmamalin, Jeanny T. Loans OfficerPila, Kim T. Account OfficerArimado, Necelyn S. New Accounts ClerkCamintoy, Maribel F. Loans ClerkBesario, Ma. Sylvie J. TellerAndaloc, July Mae Y. New Accounts Clerk Exile, Maria Kristine D. TellerJenotan, Jenny Luz E. Accounting ClerkTugahan, Michael Angelo R. Account OfficerEdrozo, Rodelyn C. Teller*Magpulong, Jul iet S. Coop Care Clerk

Pala-o BranchDiaz, Renan P. Branch ManagerCaliso, Beatriz L. CashierEmperio, Doris Amor A. TellerYusuf, Antonietta L. TellerTeaño, Albert B. Loans OfficerDaligdig, Isaac S. Account OfficerBorces, Lydia B. Acting BookkeeperNocon, Hansel B. New Accounts ClerkSuson, Riel Hazel Fe C. TellerGimena, Astrid E. Loans ClerkTinoy, Andrew R. Jr. LMOMagdugo, Dominic C. Account OfficerLluisma, Joseph Vincent Q. Account OfficerManzo, Veffrey M. Account OfficerSamson, Franze Beth I. Accounting ClerkEscarpe, Michael R. Account Officer

Kiwalan BranchLacastesantos, Nestor D. Jr. Branch ManagerRabina, Mariza B. TellerNiez, Mark Jules A. Account OfficerDuhaylungsod, Elias A. Account OfficerUy, Serniceto U. MDOOcaya, Lucila E. Accounting ClerkSaladaga, Julius C. Account Officer

Buru-un BranchMondragon, Philip Garry C. Branch ManagerBurlat, Marly N. BookkeeperSales, Janice F. TellerDoldolea, Jerome D. Account OfficerBoysillo, Elsie C. Accounting ClerkLayno, Redyn Red F. Account OfficerLumantas, Jireh C. Account Officer

Maranding BranchDiaz, Mae A. Branch ManagerLubaton, Joan B. BookkeeperPakig-angay, Wilvin S. Development OfficerMontecillo, Christian Noel M. Account OfficerDugso, Jenelie C. Acting Loans OfficerGalleto, Junefer Ll. Account OfficerLuste, Mae Desiree L. TellerJapon, Rodel J. Development OfficerRabaca, Meljane Mae O. Accounting ClerkCambonga, Kuh Francis E. Account OfficerAcal, Mark Benedict S. MDO

Bulua BranchImpuesto, Donna Marcelle D. Branch ManagerMagdalan, Mirriam C. BookkeeperPolotan, Eliaquim T. Loans Monitoring OfficerYee, Ronald P. Account OfficerDanila, Renante TellerDombase, Jeonie D. MDOAnero, Glennford B. Account Officer

Tubod BranchBaliling, Mercy B. Branch ManagerJumawan, Elmer L. Account OfficerCeniza, Amellie J. BookkeeperLanganlangan, Rhivey Jesrell P. Acting Loans OfficerCargo, Fedilyn C. TellerQuijano, Renzi C. Account OfficerCuevas, Peter Paul V. MDO

Poblacion BranchLugatiman, Charisma A. Branch ManagerAng-ug, Arien D. BookkeeperAlforque, Josie L. Account OfficerDelorino, Odissa C. TellerAricayos, Ever Q. Account OfficerBagares, Le Ariane J. TellerMacalisang, Rhea S. Accounting ClerkHeyrosa, Ulysses P. MDOCabasan, Robert B. Acting Loans Officer

Cogon BranchManzano, Rommel Vincent T. Branch ManagerPadura, Christine A. TellerMacabaya, Tyronny S. Account OfficerGarcia, Delliza D. BookkeeperRequina, Jojo Q. Account OfficerCabangbang, Jalyn J. Teller

Manticao BranchHernandez, Janet A. Branch ManagerOmpoc, Jumer L. Account OfficerBasa, Adrian S. BookkeeperTomampoc, Edmar M. Account OfficerColita, Princess Mae D. TellerTalaroc, Franklin B. MDO

Suarez BranchTrinidad, Leila A. Branch ManagerSacabin, Edsel A. Account OfficerGebone, Zaideles B. TellerAlvarado, Janice E. BookkeeperBacalso, Jynn Paul C. MDO

Tubod LDN Satellite OfficePlariza, Joanne T. Satellite OfficerDel Socorro, Karen Joan L. TellerAmrad, Renante B. Account Officer

Sarsua, Leizel R. Accounting Clerk

Carmen BranchSabando, Michelle M. Satellite OfficerPasague, Geroll B. Account OfficerAlboria, Karen L. TellerRusiana, Eva R. Acting BookkeeperVillastique, Ben D. MDO

Puerto BranchClaro, Rommel T. Acting Satellite OfficerEway, Jane C. TellerMirafuentes, Gideon D. Account OfficerDingal, Serg Vincent C. MDOMagno, Lani Mae F. Accounting Clerk

Coop AcademyMediodia, Hazel Bliss G. PrincipalAlmendras, Joanne Lou R. Nursery AdviserRestauro, Jessiemarie S. TeacherArcaya, Maryleen Grade 1 AdviserBalag, Alethea Barbara B. Kinder 2 AdviserPitogo, Janice C. TeacherTabunda, Menchu Charity L. TeacherFuertes, Exuperio M. Utility/MessengerGamboa, Brilla D. Guidance Counselor/RegistrarGeneraole, Libly T. Grade 3 AdviserGuanzon, Paul Patrick L. Fourth Year High School AdviserGebone, Agness B. TeacherLonggakit, Linn Antonnette L. Grade 2 AdviserMiquiabas, Mirasol TeacherMarcos, Wilfredo V. UtilityOngue, Hazel Mae B. Grade 4 AdviserSagarino, Chris T. Third Year High School AdviserSemilla, J-roel B. Grade 6 AdviserTamayo, Louielyn P. Office ClerkArceo, Mark Anthony Teacher

Coop Life Assurance CenterCloa, Jorge G. ManagerMonsubre, Jingle Anne M. ClerkAbanes, Rosalie P. Coop Care Clerk

J.C. Aquino BranchOclarit, Shergie B. Acting Satellite OfficerEnarsao, Jarid C. Account OfficerFuentes, Rena May MDOFiloteo, Marjorie L. TellerServillon, Marymae L. Accounting Clerk

Bacolod SatelliteSales, Alvin S. Acting Satellite OfficerCurambao, Maria Mirasol B. TellerPandan, Robencio R. Account Officer

Pagadian Branch Sagales, Mell Felixes C. Acting Satellite OfficerAleman, Ian N. Cashier/TellerOmandam, Joel Mari C. Account OfficerCotingjo, Emily C. Accounting ClerkMarzon, Cecil Roumel MDO

Langihan Branch Silvosa, Jonathan F. Acting Satellite OfficerGabor, Rosario B. MDOCapagngan II, Diosdado A. AODela Cruz, Cherry Mae Teller

Laguindingan Branch Armecin, Dixon P. Acting Satellite OfficerJanubas, Peter John U. Account OfficerMondelo, Marilou B. Teller

PMD / Housing Cooperative ProjectManzano, Romeo S. Jr. ManagerPilones, Iven S. Resident EngineerMendez, Judy P. Engineering AssistantNaldo, Benjie Draftsman

MANAGEMENT STAFFAS OF DECEMBER 2012

SAVINGSShare Capital (SC)Regular Savings Deposit (RSD)Time Deposit (TD)Kiddie SaversAflatuonAflateen

SPECIAL SAVINGSRetirement Plan (RP)Pension Plan (PP)College Allowance Fund (CALF)Cooperative Savings for Real EstateAcquisition (COSA Real Fund)Mortuary Plan (MP)Housing (HSS)

CREDIT FACILITIESPetty Cash Loan (PCL)Short-Term Loan (STL)Multi-Purpose Loan (MPL)Livelihood Loan (LL)Time Deposit Loan (TDL)Equipment Loan (EL)Medical Emergency Loan (MEDEL)Collateralized Loan (CL)COSA Real Loan (COSA RL)Educational Loan (EL)Loan for Entrepreneurs (LEAD)Purchased Order Loan (P.O.)Coop Care Loan (CCL)Car Financing Loan (CFL) Motorcycle Financing Loan (MFL)

Coop Academy Quality Education Pre-Schooler (Nursery & Kindergarten)Elementary (Basic Education)

High School (Secondary Education)

Coop AssuranceLife and Non-life InsurancesCoop Loan Protection Plan (CLPP)

Coop CareKASAPI/ PhilhealthPlus HealthWellness

Housing Cooperative

BENEFITSSunshine Plan (Damayan Fund)Competitive Interests on SavingsInterest on Share Capital Patronage Refund

OTHER BENEFITSVoluntary and mutual helping and sharing with one another

Cooperative education for members’ development

Gender development and Family Enrichment

Livelihood Programs

Cooperative Youth Leadership

Community Leadership

Leadership Trainings & Advocacies

Corporate Social Responsibility

HEAD OFFICEQuezon Ave. Ext., Pala-o, Iligan City

2/F MSU-IIT MPC Bldg.TeleFax (063) 223-5874

website: http://msuiitcoop.org

Tibanga MainA. Bonifacio Ave., Tibanga, Iligan City

Tel. Nos. (063) 221-4063; 221-4064; 225-3889

Pala-o BranchQuezon Ave. Ext., Pala-o, Iligan CityTel. Nos. (063) 223-2779; 225-4923

Kiwalan BranchKiwalan Hi-way, Iligan City

Tel. No. (063) 225-2701

Buru-un BranchBuru-un Hi-way, Iligan City

Tel. No (063) 223-8440

Maranding BranchCasa Almeda Bldg., National Highway

Maranding, Lala, LdNTel. No. (063) 388-7376

Bulua Branch#031 Zone 2, Upper Bulua, CdO

Tel. No. (088) 309-5808

Tubod BranchLanao Builder Bldg., Tubod Hi-way, Iligan City

Tel. No. (063) 225-4875

Poblacion BranchGen. Aguinaldo St., Poblacion, Iligan City

Tel. Nos. (063) 221-0262; 492-4656

Cogon BranchLt. Guillermo St., Brgy. Cogon, CdOTel. No. (088) 310-0730; 852-1040

Manticao BranchPrk. 4, Poblacion, Manticao, Misamis Oriental

Tel. No. (088) 583-0127

Tubod LdN Satellite OfficePrk. 5, Quezon Ave., Poblacion, Tubod, LdN

Tel. No. (063) 341-5424

Suarez- Tominobo BranchTominobo Hi-way, Iligan City

Tel. No. (063) 225-9830

Bacolod LdN Satellite OfficeZone 1, Brgy. Poblacion, Bacolod, LdN

Tel. No. (063) 227-2223

Carmen BranchDoor #1 CKY Bldg.,

Vamenta Blvd., Carmen, CdO

Tel. No. (088) 850-1975

Puerto BranchLot No. 5-C, corner Brgy. Road & Nat’l. Hi-way, Puerto, CdO

Tel. No. (088) 880-3272

J.C. Aquino Branch J. C. Aquino Avenue,

Butuan CityTel. No. (085) 225-9738

Coop AcademyA. Bonifacio Ave.,

Tibanga, Iligan CityTel. No. (063) 221-4036,

Laguindingan Satellite Office

Zone 2 Poblacion, Misamis Oriental

Tel. No. (088) 555-0392

Coop Life Assurance Center & Coop Care

Room 301, 3/F MSU-IIT MPC Bldg.,Quezon Ave. Ext., Pala-o, Iligan City

Tel. No. (063) 225-3858

Pagadian Branch0125 Jamisola Street, Sta.

Lucia District, Pagadian CityTel. No. (062) 925 - 1177

Langihan BranchLangihan Road, Brgy.

14 Limaha, Butuan CityTel. No. (085) 225-0036

Davao Branch 3S Bldg. (in front of My Hotel),

San Pedro St., Davao City

Ampayon Branch Ampayon,

Butuan City

General Santos BranchJ. Catolico Sr. Ave., General Santos City

“GROWING SOCIAL ENTERPRISES, BUILDING COMMUNITIES”

Documents

Pakigsayud 2012 - March 2013 Issue