Tagum Cooperative is one of the largest cooperatives in Mindanao, Philippines as it is classified by the Cooperative Development Authority (CDA) of the Philippines as a large cooperative . It is composed of over 117, 000 members as of June 2015 coming from Tagum City, Davao del Norte and towns and cities throughout Region XI and in CARAGA region.
 | |
| Company type | Savings and Credit Cooperative |
|---|---|
| Industry | Finance and Insurance |
| Founded | Tagum City, Philippines (1967) |
| Headquarters | Dalisay Gante Road, Magugpo West Tagum City, Philippines |
Key people | Juris D. Perez, CPA, MBA (CEO) JANET T. MATUGUINAS, CPA, DBA (BOD Chairperson) |
| Products | Financial services |
| Website | https://www.tagumcooperative.coop |
History edit
It was branded a Finance Organization achieving Certified Credit Union Standards (FOCCUS) in the year 2000 by the World Council of Credit Unions (WOCCU), based in the United States of America (USA), through its outreaching- cooperative program office in the Philippines, popularly known as the Credit Union Empowerment and Strengthening (CUES)- Philippines.
Cooperative highlights and financial standing edit
| Financial Performance | ||||
|---|---|---|---|---|
| Account Description | Year 2013[1][2] | Year 2012[2] | Increase/(Decrease) | % of Movement |
| Cooperative Assets | PHP2.25 Billion | PHP1.81 Billion | ||
| Loan Portfolio | PHP1.72 Billion | PHP1.39 Billion | ||
| Members Deposits | PHP1.05 Billion | PHP862 Million | ||
| Members Share Capital | PHP755 Million | PHP625 Million | ||
| Net Surplus | PHP200.7 Million | PHP168 Million | ||
| Delinquency Rate | 8.30% | |||
| Members | 99,807 | 83,378 | ||
Affiliations edit
- National Confederation of Cooperatives (NATCCO)[3]
- Mindanao Alliance of Self-help Societies- Southern Philippines Educational Cooperative Center (MASS-SPECC)
- Model Cooperative Network (MCN)
- CLIMBS Life & General Insurance Cooperative
- Credit Union Trainers for Empowernment (CUTE)
- Metro South Coop Bank
- Asian Confederation of Credit Unions (ACCU)
- One of the 15 partner co-ops in the GE Project in the Philippines that was implemented by the Asian Women in Co-operative Development Forum (AWCF) from 2010-2012, supported by the Swedish Cooperative Centre (SCC).[4]
Cooperative service networks edit
Main office edit
Its main office is located along Dalisay Road, Magugpo West, Tagum City
References edit
- ^ "Tagum Coop posts 20 percent growth". Sun Star Davao.
- ^ a b "Tagum Coop offers loans to businessmen members". Edge Davao. March 11, 2014.
- ^ "Members of the NATCCO Family". National Confederation of Cooperative (NATCCO).
- ^ "AWCF concludes GE Project--Co-ops continue gender journey, submits "Call for Action"". Asian Women in Co-operative Development Forum.