"Progress lhro ugh Unity and Servrbe"

Tioooo@@pseRvevwebsite: www. bbcccon I ine. co;k'W cooperative community News and Features

Baguio City, Philippines Vol. {3, lssue 2 (July-Sept.20i0)

BBGGG Gonducts Free LivelihoodTraining for Members

By: Riza E. BuezaEDCOM Member

Tnr Education, Membership andTraining Committee (EDCOM) has acrucial role to play in cooperatives.One of its primary task is to keep itsmembers and staff well-informed, edu-cated, and commifted.

It is for this reason, that for the monthof August and September 2010, fourlivelihood trainings were conducted byBBCCC's EDCOM. This is in further-ance of the cooperative's mission ofproviding technical and practical skillsto its members so that they can starttheir own business.

Dr. Mario Valdez, chairman of ED-COM lined up four seminars that al-lowed members the chance to havehands-on experience on money-makingactivities.

August 7, 2010 - Baking Pastries andCakes, facilitated by Mrs. Zenaida Na-

rag which was attended by I I partici-pants.

August 28 - Baking, facilitated by Mrs.Narag and attended by 19 participants.

Sept. 18 - Soap Making Seminar, fa-cilitated by Mrs. Florisa Tomboc andaffended by l9 participants.

Oct. 2 - Learn How to Make ChickenSisig, Chicken Lumpia and ChickenSpring Rolls.

Memberchip Report

As of Sept. 17, 2010, there were atotal of 552 new members approved. Itwas in the month of February thatBBCCC got the most number of newmembers with l5l. The following is

the per month report for new mem-bers: April, Il7; May,7l; July, l0l;August, 55 and September,57.

Based on the number of applicantsapproved according to their organi-zations the following is the break-down per sector: private companies,309; government agencies, S0;OFW's, 26; self-employed, 105 andallotees,32.

For those interested to attend theother forthcoming free livelihoodseminars of BBCCC as well as forthose who want to become membersof BBCCC, you may get in touchwith Mr. Dexie Alterado or Ms. RizaBueza. You may visit them Mondayto Friday, I - 5PM at the Education,Membership and Training Commit-tee office. O

Mrs. Narag, is busy demonstrating the baking techniques to the seminar participants.

The graduates of the Baking Pastries seminar.

Page 2 lfu SWAO @OPggRAgn July to Septen&er 2010

1997 - Five years Service Awardee

2002 - Ten years Service Awardee

2005 - Promoted as BBCCC's InteriorDecorator

2007 - Fifteen years Service Award

$ense of DutyBy Dr. Amparo T. Rlmas

Ghairman/President

Duty escapes no one. Parents need to provide for theirfamily. Children have to respect and obey their parents.Colples owe fidelity for each other. Governments per-form tasks calling for good governance and effectiveleadership. Citizens must obey laws. Everyone has dutyto himself and not to depend on others for most of his/her needs.

BBCCC must observe through out the three-fold respon-sibilities of a member in good standing. Thus they needto save regularly, to borrow wisely, and pay promptly.By saving regularly, they assure themselves of higheramounts, not to mention building a solid financial busi-Ress for their present and future needs.

Borrowing wisely and paying promptly are almost twinduties because when one borrows, he is obliged to pay.Members should borrow continuously and only for rea-sons that address their legitimate provident and produc-tive needs. They should consider seriously their abilityto pay. Capacrty- based borrowing is safe and wise forboth the member and the Cooperative.

In additions, loans must not only be repaid but very im-portantly, paid promptly on schedule. Delayed paymentsbear heavily on the Coop's financial liquidity. It preju-dices the loan privilege of other members who also needto loan for grocery commodities , educational, andhealth needs of the family , housing and myriad of entre-preneurial initiatives. 'Delayed payments and loans un-paid, account for the delinquency which financial inter-mediaries, like the coop, can suffer from.

Members who do not develop the habit of saving, whoborrow irresponsibly and who delay, or worse, who donot pay at all, compromise seriously their membershipstatus and are most unfair to their co-members. Theyshould realize that the money they borrowed belongs toevery member.

It becomes incumbent, then, upon every BBCCC mem-ber to develop the culture of saving, to exercise disci-pline to borrow prudently and to acquire a sense of duty

- that of paying loans promptly. 6

Antonina A. Pal-maria or fondly calledNanay Tonya has beenwith BBccc for 18years. She started work-ing at BBCCC last Au-gust 17, 1992 as a Main-tenance Personnei.

Due to hard work, perse-verance and dedicatedservice she was awardedpromotions and she alsoearned the respect and

Last August 25,2010 at the BBCCC Seminar Hall, atestimonial dinner was held to honor her for her retire-ment and at the same her farewell and bi*hday parly.She started' working as a maintenance personnel irr1992 until she left the cooperative as the Interior Deco-rator especially during BBCCC's special functions.

The cooperative will forever be grateful of Nanay's devot-edness and care for the cooperative. She showed her commit-ment and enthusiasm in her duties that worth emulating. Theheartwarming messages of her colleagues proved her moth-erly care.

"May each and every passing year bring you wisdom, peoceand cheer. May you be blessed more abundantly, may yoube sanctified with good health, may you find joy in every-thing that you do, God bless! O By: Stephenie Ong

confidence of her colleagues at BBCCC.

fia 88AA4 @OPS9RV€P Jul y to Septenrber 2010 Page 3

EditorialPAYING PROMPTLY

Escalating loan delinquency rates are posing serious problems to banks, creditors, and lending institutions, includingcredit cooperatives. If left unchecked for a long period of time, this could prejudice fte viability and sustainability ofthe credit institution. High delinquency necessitates higher allowance for probable losses, and in the case of cledit co-operatives this would translate to a lower net surplus , ifnot net loss.

Many coop mernbers seem to be unaware of this reality. They eagerly expect substantial net surplus at th€ end of theyear, yet they do not pay their obligations promptly, or worse they default in their payments for a long period of time.They focus on the bottom line, unmindful of the benefits the cooperative provides them during the year in terms ofaffodable and humane financial services.

The popular BBCCC line : SAVE REGLJLARLY, BORROW WISELY, AND PAY PROMPTLY cannot be ignoled.Indeed borrowing is satisling but paying is burdensome, if borrowing is unwise. To put it bluntly, many borrowersdefault in their payments because they refirse to use common sense vis-ri-vis their loan practices. When they are re-minded of their past due obligations they complain and say "If I pay my loan nobody remembers, but If I do not paymy loan nobody forgets."

A debt by its very essence, is to be paid. A debt, therefore, must and has to be paid . Parenthetically, a donationshould not be paid because by its very nature it should not be paid. Paraphrasing a German philosopher, a person whopays a debt for fear of its negative consequenc€s is not really acting morally; but if he/she pays a debt because he/sherccopizes that hdsbc ougltt to py a debt is truly ac'ting morally.

While it i5 tue that there are justifiable reasons for default in loan payments, many bonowers cannot fulfill their obligations because ofcertain considerations. Below arc some tips that could help prevent uedit woes:

r Borrow within (or better, bel6w) your means;r Don't live lucratively on credit;r Refrain from borrowing for someone; andr Keep track ofyour payment date.

Indeed, the BBCCC lioe: SAVE REGLTLARLY, BORROW WISELY, AND PAY PROMPTLY should not be takenforgranted. O/ora 0910/

The BBCCC COOPSERVER is the Official Newslet-ter of the BAGUIO-BENGUET COMMUNITY CREDITCOOPERATIVE (BBCCC) and is published fourtimes a year.

No. 56 Cooperative St., Assumption Road, 2600Baguio City, Philippines.Website: bbccconline.comEmaih bbbcc_online@yahoo.com

Tel Nos.: (07414/.2-ffi03;(074) 442-5872: (074)304-2946 TeleFax: (074) 4444993

Gonsultants BOD Chair, Dr. Amparo Rimas and GMVeronica Cardona File Photos Managementlnformation Systems

Oscar R. AdnefllaloEdltorln-Ghlrf

M

@Robetto l. Belda Stephenle Lee Ong

fio 88AAA AOOPS6W6R lul y to September 2010

Gooperativism and theEthics of a Human Face

By Dexie AlteradoMember, Educati6n, Membership

and Training Committee

Seneral years back I remember that acaption was posted on one of theBBCCC walls. It reads, People are notinterruption of our work .... Thqt areour workl.... These words indeed aptlycapture an essential aspect of coopera-tive life. It speaks of people and serviceto the people. Ves, cooperatives arefounded on people's will to collectivelyorganize themselves for self-help.

How many faces of people come daily toour BBCCC? Based on the numberqueuing machine, the MIS office makesa rough estimate of 800-1000 peoplecome to the Coop for varied transactionsespecially during peak days. This ex-cludes other people like family membersof members, their friends and perhapseven prospective members who visit theEducation Committee.

Yes, lots of people we meet each day inthe cooperative but how many of thosepeople we meet and transact businesswith we remember? And do we remem-ber them by their faces? How do we treatthem or how do we classiff them? Dowe map them out in term of our coopcategories: old member, new member,member in good standing or in badstanding, etc.? It is at this point that Iwould like to share a thought which Ibelieve worth reflecting on.

People interacting. Photo courtesy oJ op-wall-com

In our present world, human encountersusually follow the process of inclusionor exclusion in a social space. When weare with other people, we usually mapout the situation, and sort out peopleinto those we know and don't know,those we care to know and those wechoose to ignore. This is a commoncharacteristic of what we call civilizedliving. But all too often, the perspectivewe bring in and the categories we applyinto such encounters is utilitarian. In amarket driven value system of ourworld, we don't bother ourselves withpeople who are not useful or potentiallyuseful to us in some ways.

In a dominantly utilitarian mapped-outworld, we tend to relegate the individ-ual we don't know to the margins ofour comfort social space. The one weconsider "stranger" is somebody whomwe know little and desire to know evenless. In the moral sphere, the "stranger"is somebody of whom one cares littleand is prompted to care even less. Yes,we oftentimes pay scant moral attentionto those we don't know and even less tothe misfortune of those who lie outsidethe boundaries of our social maps.

The Jewish philosopher EmmanuelLevinas challenges our stubborn inat-tention of the other. He teaches us theuethics of the human face" or the re-spedt and responsibility of the total at-terity of the other.

The "face of the other" represents theother as other and the encounter withthe face make us hear the comrnand-ment: "thou shall not kill", 66thoushall respect" said Levinas. It is diffi-cult to be silent with the presence of theother "face". It is necessary to speak ofsomething, perhaps, of the weather orof no matter what. One needs to speak,to respond to the "face". It is our re-sponsibility to say to the other, 36Here Iamtt at your service or ttafter you' siror ma'am.

Since I read and taught the "ethics of thehuman face" of Levinas, I have found itimpossible to just ignore the other and notmorally acknowledge the presence of facesin the workplace, in the school, the coopera-tive, in the public space... without at leastgiving an affirmative smile.

Friends and colleagues in the cooperadvc letus reflect and learn from this "ethics of thehuman face" and make effort to be part

Mid-YearAssessment of 2O{O

Action PlansBy Stephenie L. Ong

Member, Research Development

Tfrr annual Mid-year Assessment ofBBCCC 2010 Action Plans was held lastJuly l7-18,2010 at China Sea Beach Re-sort, Bauang, La Union. It was attendedby the BBCCC Board of Directors, Gen-eral Manager, Officers and Heads of De-parfrnents.

Last year, the same group had its Strate-gic Planning for cooperative. To ensurethat the plans are carried out, differentcommittees and departments brainstormedand rated their objectives as 'achieved' or"not achieved" so as to do more efforts inthe objectives that need to be addressedand keep up the good practices that madethe goals attainable and a success.

This activity it is centered on becominga cooperative that is more responsive tothe needs of its members. After all, thbBoard Members, the cooperative officersand the employees are committed to pro-vide quality services to the BBCCC mem-bers. O

Quotations

"lf you want to be incrementally better:Be competitive. lf you want to be ex-ponentially better: Be cooperative."

- anonymous

Participants listening to a presentation.

of our daily habit in our lives. CI

lAa88O/tA @OPSeWen July to september 2010

Loan DelinquencyStudy Results Released

By: Roberto I. BeldaMember, Research Developmenf

and Publications Committee

'W'fr.n you secure a loan, it is always

best to keep tab of its due dates. Chancesare, if you forget to pay your loans ontime, you are confiibuting to the increaseinBBCCC's loan delinquency rate.

The research, development and publica-tions committee (RDPC) of BBCCCcompleted a report about loan delin-quency. The objectives of this study wereto determine the reasons behind the in-creasing loan delinquency rate ofBBCCC and to provide recornmendationsto the Board of Directors in order tominimize the occurrence of said concern.

The study investigated 2,400 loan appli-cations made during the period of Janu-try to December 2007. In particular theCash Disbursement Vouchers (CDV)loans within fixed deposits folders weremade as the main research documents.From here, 100 individual cases wereselected at random.

Based on the sample generated 64Yo weteemployees, 25o/o were business personsor entrepreneurs, 6% OFW's and 5%pensioners/retirees. In the OFW's or theOverseas Filipino Workers sector, itmeans that the person who borrowedwere either the OFW themselves or therecipient of the salaries here in the Philip-pines.

It was also found out that each of thecases under study has an average of morethan one unpaid loans secured fromBBCCC (1.6 per person). Cutting acrossthe different sectors, majority of them(71%) obtained regular loans while therest of the loans secured were dividedbetween special contingency loans(SCL), appliance loans and constructionloans.

The findings of the study revealed thefollowing:

For the employees the main reason citedwas that they forgot to pay/overlooked(37o/o) and there was delay in the release

of their salaries (34%). The rest were hos-pitalization of family members, paid chil-dren's tuition fees and money not enoughas reasons why the delay in their loanpayments.

As per the business personso reasons, ma-jortty (22%) said that their business is notdoing well. The rest cited hospitalization(17%) and delayed remittance (17%).Rounding offtheir other reasons were: theconstruction of their house, victim of ille-gal recruiter and again forgot to pay.

In the OFW sector, haH of them (50%)said the delay in their expected remit-tances from abroad forced them to with-hold their scheduled payments withBBCCC. In the OFWpensioners sector,670/o cited financial concerns as the mainreason why they failed to pay on time asregards their existing loans.

Thus, based on the findings obtained thegeneral recommendations suggested in-clude: issuing regular reminders eitherthru texts (SMS) or registered mails aswell as more stringent loan approval proc-ess. However, before any of these recom-mendations are to be implemented thiswill have to be deliberated upon and ap-proved by the Board of Directors first.

Based on the inspection done for the years2008 and 2009 CDV's, the reasons citedfor 2007 loan delinquencies can also beapplied for the later years. @

Photo shows BBCCC directors and ffi-cers receiving the Association of AsianConfederation of Credit Unions (ACCU)2009-2010 Certificate of Membershipgiven last September qt Seoul, South Ko-rea.

Staff Participates in3rd National HR Summit

By: Maria PtzD. PascuaHR Oflicer

Tnr 3'd National HR Summit was heldlast July 294A,2010 at the ballroom ofCrowne Plaza Galleria, Manila. MariaPaz Pascua, Human Resource Manage-ment Offrcer and Ptizza V. Gacao, Mor-agement Information System (MIS) sec-tion head attended the summit.

This year's theme is "Innovations in Re-cruitment and Talent Managemenf'. Theother participants were Manila-based HRpractitioners and other professionals whowanted to be updated in HR managementbest practices.

The participants were given lectures re-lated to learning and developing values ofbeing HR practitioners. Such values in-clude having initiatives, willingness tolearn and the ability to do some researchfor personal and professional growth.

One of the topics discussEd was the"Factors Toward a Living Culture inYour Company". The speaker, Mr. PidoAguilar, Jr. defined culture as a systemshared by a large group. The participantswere taught that culture is the factor inorder to better understand the employee'sattitude and behavior at work.

Innovations in Recruitment and TalentManagement, Recruitment Beyond HR,Evolving Values Affecting EmployeeBehavior in Organizations, Staffrng Met-rics/ROI, Taking Charge of Your Devel-opment, Workplace Rudeness, Profes-sional Presence for Recruiters, Behav-ioral Interviewing, are just some of theother topics discussed during the two-daysummit.

The speakers of the summit were JesseRebustillo of the Philippine Daily In-quirer; Dr. Virgel Binghay of UPSchool of Labor arid Industrial Relations;Ricardo de Vera, the Chairman Emeritusfor Chapters of Philippine MarketingAssociation; Dr. Erlinda Tiuseco, theMedical Director of PhilhealthCare,;Nonong Noriega III of PLDT amongothers. Both Ms. Pascua and Ms. Gacao areexpected to apply what they have learned forthe benefit of BBCCC as an effective andefficientorganization. 6

6 fio88AAO eOOPgeRAen July to September 2010

Tft. BBCCC Board for the 3rd quarterhas approved the formation of two teamsto facilitate the processing of require-ments and monitoring of ongoing projectsat the site.

The first team called the Task Force Pa-pers (TFP) is composed of Directors Am-paro Rimas, Nelson Gayo and IsabelinaRonquillo. The other team is Task ForceDevelopment (TFD) comprising of Direc-tors Oscar Adversalo, Mar Valdez, ArtAsunsion. In both teams, Dir. Aurora Am-banloc is the ex-offrcio member being thiHousing Officer.

The TFP team is almost complete in thedocumentation with the Housing LandUse Regulatory Board (HLURB). In-cluded in the HLURB requirements wasthe installation of a 3' x 6' billboard no-tice posted at the project site signed byRegional Director Teresita Galacgac.

The other accomplishment was the publi-cation of a Notice in two newspapers ofgeneral circulation once a week for twoconsecutive weeks before the issuance ofthe License to Sell.

[vlr. Edgardo Morales, OIC-Asst. Head,PRL Division of HLURB together withall the members of the Board and Engr.Jupiter Dominguez, project consultantvisited the site last Sept. 3. He is requiringthat at least 35% or more must be devel-

A view of the main road. To the right is the road going to

^SSSSzDd., Brg. Guitley and to the left is the access roadgotng to the provincial road of La Trinidad, Benguet.

oped in the area before the issuance of Li-cense to Sell is given.

On the other hand, the TFD team compliedwith the requirements of HLURB and pro-posed to the Board estimates of the unfin-ished project which include concreting ofthe access road, concreting of the curb andgutter, road grade penefration and slopeprotection costing P5.2M.

The electrical is estimated to cost P2.8M,the water cistern is Pl.3M, deep well P2M,the gate and arch P.4M and,fdncing P2.5M.This totals to Pl4.4M.

Due to the urgency of these projects to befinished, the Board signed the contract lastSept. 14, 2010 so that by February 28,20ll these projects will be turned over tothe owner in time for the 20ll GeneralAssembly.

The 58 lot awardees, pnospective awardeesor any other member of BBCCC are in-vited to visit the site for inspection on theproject's progress.

It is also requested that awardees mustcontinue depositing to their CooperativeHousing Investment Planned Savings(CHIPS) in order to contribute to the ongp-ing development of BBCCC's housingproject. O

TUBAS HOUSTNG SITEDEVELOPTIENT UPDATE (3rd Qtr. 20{ O)

By Aurora M. AmbanlocHousing Officer

NORWESLU HoldsMediation and Gonciliation

SeminarBy: Roberto I. Belda

Member, RDPC

Tn. need to establish a new committeein every cooperative is becoming a ne-cessity in the light of increasing numbersof unresolved conflicts. These conflictscan be between members, between amember and the cooperative or betweencooperatives. Ignoring these conflicts isdetrimental to the cooperative spirit andmay hinder the growth of the coopera-tive movement.

Thus, RA 9520 or the Philippine Coop-erative Code of 2008 and MC No. 2007-05 mandate the creation of a Mediationand Conciliation Committee in everycooperative. The main objective of thiscommittee is to settle disputes on thecooperative level without necessarilyresorting to legal court actions.

To assist the Cooperative DevelopmentAuthority (CDA-CAR) in educatingcoop members on this subject, NOR-WESLU organized a whole-day seminaron Mediation and Conciliation last Au-gust 28, 2010 at the Seminar Hall ofBBCCC.

Invited to share their inputs in enlighten-ing the participants were Atty. Ray R.Elevazo, CDA-CAR Regional Directorand Atty. Renato C. Fernandea Clair-man BBCCC Mediation and Concilia-tion Committee.

Atty. Elevazo discussed the legal foun-dation of this provision by explainingRA 9520 and MC No. 2007-05. Includedin his lecture were the concepts of thecooperative alternative dispute resolutionwhere conflicts and confiovercies areresolved other than a judge of the court.He also discussed the difference betweenconciliation and mediation. If no agree-ment is reached in the primary coopera-tive level, the case is passed to the jrnis-diction of the CDA. And when cases arestill not settled with the CDA then this isthe only time to elevate this to the propercourts.

Continued on page 7.

fio 88A@ OOOPgeWen Jul y to September 2010

GASAL OrientationFor BBGGC Staff

By Riza GacaoMIS Section Head

Tf,. Management Information System(MIS) in coordination with the HumanResource Department of BBCCC con-ducted a three-day Capital Account Sav-ings Account and Loan (CASAL) orien-tation seminar last August I l, 12, and 13,2010. Thls seminar allowed the partici-pants to be familiar with the system espe-cially for those who are not assigned inthe Members Account Section.

bBCCC's system includes Savings,Share Capital, Time Deposits, Loans,General Accounting, Saranay, DamayanTrust Fund and Dividend/Patronage Re-fund. The orientation was divided intothree phases: a) the Membership Entry,b) Loan Computation and, c) Applicationand Collection Enfiry and the PassbookPrinting.

The orientation seminar was alternatelyfacilitated by the MIS personnel led byRiz.za V. Gacao (Section Head), HenviFrancis A. Salon (Network Administra-tor), Blanche C. Mangawa (DatabaseEditor) and Jane P. Suyatan (DepartmentHead, Grocery Department).

A total of 35 employees coming from thedifferent sections and departments ofBBCCC attended the seminar. Also pre-sent were Josephine A. Ocampo(Treasurer), f)r. George K. Ramos (Auditand Inventory Commiitee Chairman),Conrado B. Chan and Nida F. Flavier(AIC members).

BBCCC has been using the CASAL sys-tem since 2003. In implementrng the sys-tem, the modular approach was followeddue to the large number of member infor-mation that will be integrated. For thefirst year, Share Capital was completedfollowed by the Savings and Loans Re-ceivable of members. To date, all thetransactions from these accounts are ac-bessible in minutes because the CASALcomputerization system is now 100%operational. HoweveE continuous en-hancement is still on-going to suitBBCCC's changing needs. Technologydefinitely made work a lot easier and fasterresulting to better services for the members.

Financial Literacy forGredit Union Members

By Joy A. OcampoBoard Treasurer

"Credit Unions must not confine them-selves to granting loans. Their main ob-jective should be to control the use ofmoney, to improve the moral and physicalvalues of people, ffid their will to act bythemselves." F.W. Raiffeisen.

The statement was clear that credit un-ion's mission is to enable its membersgain financial independence. In order toachieve financial independence, membersmust be able to take right financial deci-sions. Financial literary allows people toincrease and better manage their earnings

- and therefore better manage life eventslike education, illness, job loss, or retire-ment. A compelling body of evidencedemonstrates a sffong association be-tween financial literacy and householdwell-being.

The pressing need for improved financialliteracy on credit union members is ofvital importance due to the deteriorationof personal finances and the proliferationof new, and often complex, financialproducts that demand more financial ex-pertise of consumers. The financial illit-eracy of members has also tremendousconsequonces in the institution level(credit union) such as non-payment ofloans resulting to high delinquency, lowprofit, unable to increase institutionalcapital and negative image.

Financial literacy - the ability to processfinancial information and make informeddecisions about personal finance - hasreceived growing attention in the devel-oped world and, recently, in the develop-ing world, as a potentially important de-terminant of household that demonstratelow levels of financial literacy are thosethat tend not to plan for retirement, bor-row at high interest rateso ffid acquirefewer assets. This has led policymakersACCU to advocate on financial literaryeducation at the credit union level, inhopes of increasing household savings,with the ultimate goal of reducing povertyand improving welfare.

The education delivered by credit unions,unforhrnately, does not include topicsdealing with financial literacy such as thebasic financial principles (budgeting and

cash management), debt planning, retire-ment planning, investing, college fund-ing, insurance planning, and estate plan-ning. The education delivered in varioussettings, includes the history of coopera-tives (international and local), principlesof cooperatives, cooperative laws, ser-vices of the credit union, responsibilitiesof members, credit union Board andmanagement, and finally the mostawaited topic how to obtain loan.Generally, members are sitting for a halfday pre-membership seminar in the hopefor loan entitlement. The types of train-ing provided by credit unions send a

Continued on page I I.

Continuedfrom page 6 NORIYESLAHolds...

In the talk of Atty. Fernand6z,he sharedthe experience of BBCCC when it firstimplemented this provision. It is difficultat first but when members became awareof this they voluntarily submit them-selves to this committee.

But Atty. Fernandez made mention ofthe fact that it is not clear whether thisprovision is mandatory or just a sugges-tion to create a new committee. Accord-ing to him what is important is that con-flicts are immediately resolved withoutresorting to legal remedies. The differentcooperative members of NORWESLUattended the seminar. 6

Seminar on CDA-BIR RA 9520

Last Sept. 18, 2010, NORWESLU like-

wise invited Atty. Robert Panopio, Asst.Chief, Legal Division of BIR to talkabout the rules and regulations imple-menting RA 8424 while Atty. FrancoBawang, Attorney III of CDA-CAR dis-cussed about RA 9520 or the PhilippineCooperative Code of 2008.

Their talk was part of the CDA-BIR RA9520 seminar held at the basement 2 hallof BBCCC and attended by more 40participants coming from the differentcooperatives here in Baguio and Ben-guet.

CI

Page I fia88AeA @O?,SenAen July to september 2010

Seminar on the lmplementingRules and Regulatlons of

RA 9520By Recilyn L. Nones

Audit Committee Staff

two-day semmar on the Implement-

ing Rules and Regulations (IRR) of theamended RA 9520 or the Philippine Co-operative Code of 2008 was held lastAugust 12 and 13,2010 at the BBCCCseminar hall.

This seminar was organized by NOR-WESLU and the Cooperative Develop-ment Authority (cDA-cAR). The semi-rur was attended by delegates of thedifferent Baguio-based cooperatives.

The first day focused on Rule I to Rule 9of the IRR which tackled the issues onAssembly, Subsidiary and MultipurposeCooperatives, Guidelines Governing theProcedure for Merger or Consolidationamong others.

There was an open forum at every endof the topic and as expected a lot of que-ries and concerns were raised by theparticipants. The facilitators and speak-ers expertly answered all the questions.

Jeanette Mabalot, BIR Revenue Officerdiscussed the Joint Rules and Regula-tions Implementing Article 60, 6l and144 of RA 9520 in relation to RA 8424on the second day.

It was also on this day that participantswere engaged in a lively discussions ontax exemptions and privileges on coop-eratives as well as on the extent andlimitations on cooperative services ren-dered to its members.

The other topics that were discussed onthis day include: Capitalization and Ac-counting Procedures, Social Audit, Fi-nancial Services, Voluntary Arbitrationand the IRR on Special Provisions andBLGF Memo Circular 3l-2009.

Overall, the seminar was very inforrna-tive and provided insights on how toenhance and improve the services ren-dered by the cooperative to its members.Certificates of appreciation were like-wise given to all the participants.

€

NORWESLU and DTI-GARGonduct Business

Training for Membens

By Roberto I. BeldaMember, RDPC

N onwnSLU in cooperation with theDepartment of Trade and Industry (DTI-CAR) recently held the Business, Ex-pense, Savings and Training (BEST)seminar last July 9 to l0 at the BBCCCSeminar Hall.

The training seminar cum workshopaimed to teach the cooperative membersthe basics of starting a business and howto be a micro-entrepreneur.

The facilitators used a methodology thatrely less on the usual classroom lecturebut more on group activities. They calledthis approach experiential learning. Thisconcept originally came from South Af-rica and localized to fit the setting here inthe Philippines.

Member cooperatives under NOR-WESLU attended the event among whichwere Baguio General Hospital EmployeeMulti-Purpose Cooperative (BGHMC-EMPC), Baguio Maharlika MPC(BAMACO), Baguio-Benguet MarketPlaza Cooperative (BAMAPCOM),Bagong Pag-asa Entrepreneurs Savingsand Credit Cooperative (BPESCO),Philex Credit and Philex Consumers Co-operative, Seafarer's Cooperative andBBCCC.

The 55 participants were divided intothree groups representing three econo-mies. In each economy the group wasagain divided into three: two manufactur-ers and one retailer/middleman. The fa-cilitators acted as the buyers or the con-

sumers.

Initially, each group was given playmoney representing the capital to start abusiness. The objective therefore of theactivity is how to make the capital growunder various economic conditions andcircumstances. The groups with the mostprofit at the end of the workshop win thegame.

Thus, in order to be "competitive" eachgroup must use different strategies andtactics like price negotiations, advancebooking, market intelligence, what andhow many raw materials to purchase,product design choices among others.While doing all these, each group mustrecord and monitor all transactions on adaily basis like sales and operationalexpenses.

In between the activities, the facilitatorsreinforced the learning with a little bit ofexplanation on the importance and rea-son behind such activities.

Before selecting a business, the individ-ual must consider the following: knowl-edge of the business, experience in thefield, skills, the costs of entering thebusiness, the competitive bariers andthe uniqueness of the products or ser-vices.

The able DTI-CAR staff who facilitatedthe seminar include: Johannes Pal-laya,Layla Corro and Loverette Dang-iw andassisted by practicum student JackieTierra.

Also present during the two-day eventwere Mr. Oscar Adversalo, NOR-WESLU chair, Dr. Amparo Rimas, man-ager, Dr. Fely Cruz and Ms. Mary AnnBungag, Rukcy Regala (staff; and otherNORWESLU officers. {il

TEST participants busywith an activity.

ltu 88OOO AOOPgePAen July to September 2010

Value of Work

By Ronald B. LinglinganLoans Officer

*w

Sometimes , I think twice if I amreally needed, because I was beingdisregarded. As if I was nothing,others are looking for me and yousay you love me, but sometimesyou don't show it. I want to feelyour appreciation, cause I am re-.sponsible for sending your childrento a well known school, gettingyour food on the tableo for yourdesigner shirt and shoes, includingthe payment of your amortizationon your house and lot, and if itwerenot for me you don't haveeven your dream car, you neededme for all the things you want anddream in your life, I can provide.

I am not forever to be with you, toguide you and help you on yourgoals. Honestly, I want to grow oldwith you, but now you take me forgranted. In the beginning, I feelyour excitement and contentment,but as time goes by, you becameless enthusiastic and bored. Somedays I even wonder if I mean any-thing at all to you.

It is not my characteristic to de-mand, I am just realistic. The pointis you needed me as I needed you.Maybe I am stressful sometimes,but that's the payment of what canI do, to provide anything for youand in attaining your goals in life.Just remember to love me byshowing how hardworking andhonest you are every time you arewith me. Now, I've kept quiet andwaited to see how long it wouldtake you to realize how much youreally need me.

Cherish me, take care of me, loveme and I will be here to help andguide you. Who am I, I'm yourJOB. $

Pre-School Events

Tn. tykes, parents and teachers of theBBCCC Foundation Preschool had theirhands full attending to two importantevents: the celebration of the NutritionMonth on July 30, 2010 and the Celebra-tion of the Buwan ng Wika on August 27,2010.

On August 27,2010, the kids donned ontheir barongs and saya's for a delightfulFilipiniana Program consisting of nativesong and dances.

Foundation Scholars

Scholars were taught hands-on foodpreparation under the guidance of expert

BBCCG Foundatiorr lne. GornerBy Dr. Amparo T. Rimas

Member, BBCCC Foundation Inc. Board of Trustees

ffiffiffiffitrw.# ffi,,{Kffi fl*

Above photo shows eleven of the kids Dan-ielle Anne Cabanilla, Daniel Jairus Nama,Alexis Rae Talosig, Serine Ozgur, AdriannePadaco, Marille Cruz, Zoe Mae Tongacan,Clarisse Lagramada, Luigi Samson, LorinErich Alcantara and Therese Angela Had-los qutely displaying fruits and vegetablesthqt used when thqt recited " Fruits andVegetables makes children healtlry, strongbeautiful ." As acpected, food enjoyed byall were fruits and vegetables.

Left picture shows ltlya Grace Guilanda,Aurelyn Dotimas, Maita Angela Basilio,Mel Arthur Marquez, $ean Judiel Aguilarand Elcid Depalog displaying their beauti-ful Filipiniana attire as they sang " Alro oyPilipino". And for the snaclrs, everyoneenjoyed native cakes such as puto, kutsinta,bibingka etc.

skilts trainer Mrs. Zenaida R. Narag. Theskills training is one of the projects of the4l-teeners strong BBCCC Scholars whichrecently elected the following officers:President Daryl Sliigetomi, V- Pres. FredNico Paras, Secretary: Lea Del Rosario,Treas: Cheryl Liban, Auditor: AmelitaWansi, P.R.O: Caryl Ruth Baldo, BussManagers: Andrew Wallang &, JedidahBaucan. S

I

Page 70 fia88AAA AOOPSeRAen July to September 2010

Lavenders DeclaredGhampions in 2O{O

Bowling TournamentBy Jovy Marinas

Member, WEYCom

To foster the spirit of camaraderie amongoffrcers and employees, the Women, Eld-erly and Youth Committee, thru its Chair-person, Dir. Isabelina G. Ronquillo andmembers, 'Jovie Marinas and MilaTacderas, in coordination with Henvi Sa-lon and Ftizza Gacao both of the MISDept., spearheaded this year's Inter-colorBowling Tournament held last July 7- 23,2010 at Saint Vincent Bowling Lanes, Na-guillian Road, Bagguio City.

The tournament was participated in by six(6) teams. After the usual round robin, thetournament was culminated with a champi-onship round on July 23 immediately fol-lowed by an Awarding Ceremony. Beloware the winners:

Champion, Lavender Raccoons; lst Run-ner Up; Blue Sharks; 2nd Green Penguins;3rd Yellow Giraffes; 4th Pink Panthers and5th Red Lions.

Individual awards: Highest Single ScoreMen, Victor Barlin (Green); Highest Sin-gle Score Women, Recilyn Nones (Green);Highest Pinning Men, Albert del Rosario;Highest Pinning Women, Antonina Pal-maria.

WEYCom congratulates the winners andwould like to express its gratitude to every-one for his/trer involvement and participa-tion. O

First Friday Mass Invitation.

To ,*prrss our thanks to the Lord for Hismany blessings to all of us, WEYComcordially invites everyone to join ourmonthly First Friday Mass 6 pm at thelobby of the cooperative.

For all other activities, all interested seniorcitizens who are members of BBCCC areencouraged to join the other activities ofWEYCom. Please look for Dir. Ronquillo,lvlr. Marinas or Ms. Tacderas for theschedule. O

The proud champions celebrating their victory.

Learn about life insurance and its importancefor your family and even for yolrr business,

ln the process you might also get to pick a few tipson savings and investments.

Call or text us today to schedule for a FREE personalfinancial planning advice.

Gocolife - BaguloMyla M. Belda, Unlt Sales Dlrector(0922) 82645-95r(074) 424-24-1 1mbelda20Ol @yahoo.comcocollfe.com

FftE€D{'ll,r TO LII'G YOt'F LIFE

rhe BBCCC C(DPSERVER luly to septernber 2010

Continued from page 7 Financial Literacy...

different message - credit union is theplace to get easy credit.

Lessons that can be learned from the cur-rent global financial crisis could be enu-merated as recklessness, greed, ridiculouslending standards, the disappearance ofrisk managements and so on. Neverthe-less, looking at the recipients of credit -unquestionably they are the people wholack the basic financial skills - not beingable to make the right financial decisions.Members of credit unions are also makingbad decisions in choosing the right prod-ucts for them. They usually end up in fi-nancial touble instead of hopping into theroad to financial independence.

In view of this, the Association of AsianConfederation of Credit Unions (ACCU)through the Philippine Federation of CreditCooperatives (PFCCO) conducted a train-ers' fraining on the Financial Literacy ForCredit Union Members last August 5 - 6,2010 at the PFCCO Training Center inManila. This training was attended bymembers of the different leagues of thefederation. Our cooperative has sent seven(7) delegates headed by Dir. Amparo Ri-mas, BOD Chairperson, Dir. Mario Val-dez, Vice-Chairperson, Dir. Opcar Adver-saloo BOD Member, Dir. Aurora Am-banloc, BOD Member, Ms. VeronicaCardona, General Manager, Ms. MaribelPasngadan, Finance Officer, and Ms. Jose-phine Ocampo, Treasurer. Incidentally,Dir. Adversalo is the chairperson of theNorth-Western Luzon (NORWESLU)league with Dir. Rimas as the GeneralManager.

As part of the action plan of NORWESLU,the league in coordination with BBCCCwill be conducting similar financial liter-acy program to its members during the lastquarter of the year. And eventually, it mayalso be included as part of the lectures dur-ing pre-membership education seminar(PIUES) for potential members.

A financially literate membership of creditcooperatives is key to credit cooperativesuccess and fulfilment of its original mis-sion. O

BBGGGOfficers

2010

JoyA OcampoTreasurer

Veronica CardonaManager

ffiLegalGgmmitteeAtty. Nelson Gayo (Chair), Atty. AngelineCabrera and Atty. Zosimo Abratique

Page 77

Board ofDirectors

Standing L-R: Art Asun-

cion, Oscar Adversalo,Mar Valdez and Nelson

Gayo. Seated L-R: Belle

Ronquillo, Ampy Rimas(Chair)and Au Am-

banloc.

Jopo AtdayaSecretary

Election Gommittee

Housing Liaison Officer Overcight Officer onDir. Au Ambanloc Loans, Bllling &

GollecfionDir. Art Asuncion

Education, Membenhip and TrainingCommitteeDr. MarValdez (Ghair), Riza Bueza andDexie Alterado

Women, Elderly & Youth CommifteeDir. Belle Ronquillo (Chair),Jovy Marinas and Mila Tacderas

&ffircAtty. Armando Velasco (Chair), Norma Laco-pia and Gerry Soriano

Conrado Chan, Nida Flavier andDr. George Ramos (Chair)

Research, Deyt. & Publications CommitteeDir. Oscar Adversalo (Chair), Stephenie Ongand Robert Belda

Mediation & Conciliation CommitteeAtty. Leo Lawana, Atty. Renato Fernan.dez (Chair)and Atty. Mark Navaro

Audit Committee

rhe BBCC: C(DPSERVER Anril to rune 2010Page 72

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