Welcome to our Online Pre-Membership Education Seminar (PMES)
Pre-Membership Education Seminar or PMES is the first step to take before joining a cooperative. You should have a brief background about cooperative, its meaning, its principles, types of cooperatives, etc.
You can have your PMES through:
You can have your PMES through:
- ONLINE like what's presented here which is also present in our online education and training site: http://globaldollarbuilder.net.
- OFFLINE: You can attend at our main office in Pasig City or to any sector center nearest you area.
- Part I of the presentation deals with the Concepts of Cooperative. Just go over them and familiarize to gain basic knowledge about cooperative.
- Part II of the presentation is about GDBCC Cooperative. What about Global Dollar Builder Credit Cooperative (GDBCC), its mission, vision, etc. and how does it help its members achieve better lives.
GDBCC PMES
View more PowerPoint from gdbecoop After you're done with this PMES, visit our Member Benefits to see what's install for you, check our Resources on how to get started and others, Contact Us for any assistance, then Join Now to become GDBCC coop member and share the benefits to others to become coop members.
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PART I: Basic Concepts of Cooperative
Republic Act No. 9520 AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE "PHILIPPINE COOPERATIVE CODE OF 2008" Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: What Is A Cooperative? A cooperative is a duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable to contribution to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principle. What are the Principles of Cooperativism? The first principle is anchored on voluntarism The second principle is democracy The third principle is the limitation of share capital interest The fourth principle is sharing all location of cooperatives surplus or savings. The fifth principle, makes provision for the education and training of cooperatives members, officers and employees, and of the general public in the principles and techniques of cooperation. The sixth principle harps on the promotion of cooperation between cooperatives at local, national and international levels The seventh principle is the concern for community by working for its sustainable development through policies approved by the cooperative members. What are the basic laws that govern organization and administration of cooperatives in the Philippines ? Republic Act 6938 known as Cooperative Code of the Philippines . Republic Act 6939 creating the Cooperative Development Authority What Are The Kinds Of Cooperative? Credit Cooperative - promotes thrift and savings among its members and creates funds in order to grant loans for productivity Consumer Cooperative - the primary purpose is to procure and distribute commodities to member and non-members; Producers Cooperative - undertakes joint production whether agricultural or industrial; Service Cooperative - engages in medical, and dental care, hospitalization, transportation, insurance, housing , labor, electric light and power, communication and other services; and Multi-Purpose Cooperative - combines two (2) or more of the business activities of these different types of cooperatives; According to membership and territory, the following are the categories of cooperatives: In terns of membership: I .Primary -The members of which are natural persons of legal age; II .Secondary- The members of which are primaries; III. Tertiary - The member of which are secondaries upward to one or more apex organizations. Cooperatives whose members are cooperatives are called federations or unions. In terms of territory, cooperatives are categorized according to areas of operation which may not be coincide with the political subdivisions of the country. What are the General Steps in Forming a Cooperative? First, get organized. Second, prepare a general statement called an economic survey. Third, draft the cooperatives by-laws. Fourth, draft the articles of cooperation. Sixth, register your cooperative with the Cooperative Development Authority (CDA). In every step, you may consult the CDA. The CDA emphasizes education as a key to the success of cooperatives. Who May Become Members of a Primary Cooperative? If you are a Filipino of legal age, you can be a coop member if you meet the qualifications prescribed by the coop's by laws. The board of directors act on application for membership. A member may exercise his rights only after having paid the fees for membership and acquired shares in the cooperative, What are the Kinds of Membership in the Cooperative? A cooperative has two kinds of members; regular members and associate members. A regular member is entitled to all the rights and privileged of membership as stated in the Cooperative Code and the coops by- laws. An associate member has no right to vote and to be voted upon and is entitled to such rights and privileged provided by the cooperatives by laws. What is the Minimum Number of Members in a Cooperative? Fifteen (15) natural persons of legal age who are citizens of the Philippines Can Government Officers and Employees Join a Cooperative? Yes, provided that: Any officer of the government of the CDA shall be disqualified to be elected or appointed to any position in a cooperative; Elected officials of the government, except barangay officials, shall be ineligible to become officers and directors of cooperatives; and Any government employee may, in the discharge of his duties as member in the cooperative, use official time provided that the operations of the office where he works are not adversely affected. What is an Economic Survey? An economic survey is a general statement describing the structure, purpose, economic feasibility of the proposed cooperative, area of operation, size of membership and other pertinent data. It is, in fact a project feasibility study The structure describes the kind of cooperative being set, up whether it is primary, secondary or tertiary and whether it is a credit, consumer transport or any other type of coop. What Are Cooperative By-Laws? The qualifications for membership; how they are acquired, maintained and lost; The rights and obligations of members; The condition for transfer of a share of interest; The rules and procedures covering agenda, time, place, and manner of calling, covering , conduct meeting, quorum requirements, voting system, and other, matters related to the business affairs of the general assembly, board of directors, and committees; The general conduct of the affairs of the cooperative , including the powers and duties of the general assembly, board of directors, committees and the officers, and their qualifications and disqualifications; The manner in which capital may be raise and purpose for which it can be utilized; The mode of custody and investment of net surplus; The accounting and auditing systems. The manner and limitations of loaning and borrowing, including limitations; The methods of distribution of net surplus; The manner of adopting, amending, repealing, and abrogating by-laws; A conciliation or mediation mechanism for the amicable settlement of disputes among members, directors, officers and committees; and Other matter pertaining to the purpose and activities of the cooperative. What does The Article of Cooperation contain? The Article of Cooperation is a duly notarized document that legally binds all the signatories in the formation of a cooperative. It should contain: The name of the cooperative which shall include the word "e; cooperative, "e; e.g. Sta. Maria Multi-Purpose Cooperative; The purpose of the cooperative and scope of business; The term of existence of the cooperative (not more than 50 years); The area of operation and the postal address of the registrants; The common bond of membership; The list of names of the directors who shall manage the cooperative; and The amount of its share capital, the names, and residences of its contributors and a statement of whether the cooperative is primary, secondary of tertiary in accordance with Article 23 of R.A 6938. Does A Cooperative Follow A Basic Organizational Structure? Yes. Your cooperative will need at least the following for its day to day operation. General Assembly Board of Directors Set of Officers Committee System Hired management/ paid employees What Is The General Assembly? The General Assembly is the highest policy-making body of the cooperative and is the final authority in the management and administration of the affairs of the cooperative. It is composed of members who are entitled to vote, duly assembled and constituting quorum. The general assembly holds at least one meeting a year; the date of the meeting is fixed in the by laws, or within 90 days after the close of each fiscal year. For newly registered cooperatives a special general assembly meeting must be called within 90 days from the date of approval. What Are The Powers Of The General Assembly? The General has the following exclusive powers which cannot be delegated: To determine and approve amendments to the articles of cooperation and by laws; To elect or appoint the members of the board of directors, and to remove them for cause; To approve developmental plans of the cooperative; and Other matters requiring a 2/3 vote of all the members of the general assembly What Is The Board Of Directors? The Board of Directors is the body that formulates policies, directs, supervises and manage the business of the cooperative. It is composed of five (5) to fifteen (15) members elected by the general assembly. Their term of office is determined by the laws of the cooperative. A term of office must not exceed two years. Also no director can serve for more than three (3) consecutive terms. The board of directors must hold monthly meetings, unless the by laws say otherwise. Special meetings may be called any time by the chairman. Directors cannot attend or vote by proxy at board meetings. Who Can Be Members Of The Board Of Directors? All regular members who meet the qualification and none of the disqualification set by the laws of the cooperative can be elected to the board of directors. How Are The Officers Of The Cooperative Chosen? The board of directors elect among themselves only the chairman and vice- chairman. Then they either elect or appoint the other officers needed by the cooperative, such as the treasurer who takes custody of all the moneys, securities and papers and maintains complete records of its cash transactions and secretary who keeps the records of the cooperative. What Are The Committees Needed By A Cooperative? Through the bylaws, a cooperative may be form any committee it thinks necessary for its operation. An executive committee may also be formed. The board of directors appoints its members and may, through a majority vote, delegate powers to it. As a reminder an audit committee must be provided for in the bylaws of the cooperative. What Constitutes A Quorum? Unless the by laws define it otherwise, a quorum consist of 25% of all the regular members entitled to vote. For the board of directors a simple majority of its member makes a quorum. What Books Should Be Maintained And Kept Open? Books to be maintained and kept open to the members of the cooperative and the CDA are: A copy of the Cooperative Code of the Philippines and all other laws about cooperatives; A copy of the regulations of the CDA; A register of member; Minutes of the meetings of the general assembly, board of directors and committees; Share books; Financial statements; and Other documents as may be prescribed by laws or the by-laws. Are Cooperatives Required To Be Audited Annually? Yes, Cooperatives are subject to an annual audit by an auditor who is independent of the cooperative being audited and of any subsidiary of the cooperative and is a member of any recognized professional accounting or cooperative auditor's association with similar qualifications. Is There A Needed For An Annual Report? Yes. An annual report about the affairs of the cooperative must be given to each member and to the federation/union to which it is affiliated and the CDA every fiscal year. Failure to file the annual report may result in cancellation of the certificate of registration What Are The General Privileges Enjoyed By Cooperatives? These privileges are: Three rights to deposit their valuable in government offices free of charge with the government official acting as custodian of such valuables. Free use of space, when the cooperative members are government employees, in the same government office. Special types of coops like cold storage, electricity, transport and similar services can open their membership to all persons qualified in their areas of operation. The preferential right to supply government offices with their produce, in the allocation of fertilizer and rice distribution, use of butteries for shipment of their goods, and in the management of public markets.Entitlement to loans, credit line, and rediscounting of notes with government financial institution like PNB, Land Bank and DBP.Exemption from prequalification requirements when bidding for a government project.The right to be represented by the provincial or city fiscal or the Office of the Solicitor general, free of charge in legal suits. What are the benefits derived from membership in cooperatives? Economic Benefits Members develop the habit of thrift and the wise use of money. Members avail of loans at reasonable rate of interest for productive and provident purposes; thus, increasing the members' income. Social Benefits Members develop awareness in solving common problems or needs among themselves. Members develop the feeling of belongingness, love and concern for fellowmen. Membership in cooperative inculcates unified participation in community affairs How Is The Net Surplus Of A Cooperative Allocated And Distributed? As far as the coop is concerned, this excess payment or surplus is considered as having been returned to the members if the surplus is distributed in the following manner: First priority goes to the reserve fund at least 10 percent of the net surplus. Second priority goes to the Education and Training fund which is not more than 10 percent of net surplus Third priority is an optional fund, a land and building fund, community development fund and any other necessary funds What Are The General Requirements in Registering a Cooperative? You will need four copies each of the Economic Survey, By -Laws and Articles of Cooperation. The Articles of Cooperation should be duly notarized and accompanied by there following. Bonds of the accountable officers (any director, officer and employee handling funds, securities offices and employee handling funds, securities or properties on behalf of the cooperative. The board of directors determine the amount of bonds required based on the initial network which shall include the paid-up capital, membership fees and other assets of the cooperative at the time of registration); and Sworn statement of the treasurer showing that at least 25% of the authorized share has been subscribed and at least 25% of the total subscription has been paid. The paid-up capital must not be less than P2,000. It must be noted that no member may own more than 20% of the subscribed capital; and that each share must not be less than P1.00. How Much Is The Registration Fee? CDA Memorandum Circular No. 92-004, effective 01 May 1992 provides that registration fee shall be one tenth (1/10) of one percent of the paid-up share capital with the minimum of: P250 for new primary cooperative; P500 for secondary cooperative, P2,000.00 for tertiary cooperative while laboratory cooperative is free of charge. Cooperative Process WELFARE Articles of Cooperation By Laws, Rules & Regulations Other policies BOD’s Committee Officers/ members GENERAL ASSEMBLY Elect/appoints Plan/formulates. What are the Success Factors of Cooperative? Members recognition of common needs Members determination to help themselves Members conviction that group action offer advantageous. Presence of good members and capable dedicated leaders Good record keeping system Frequent Audit Continuous cooperative education Training of officers and members Proper Guidance Other factors: Financial Assistance Savings Mobilization & Capital Build Up Program (SMCBUP): Capital Build Up. A cooperative shall have a capital formation process for the operation of its business The capitalization of cooperatives and the accounting therefore shall be governed by the provisions of the Cooperative Code and the regulations issued hereunder The shares of cooperatives are registered with the CDA those of corporations are registered with SEC Capital Sources Art 73. Capital Sources – Cooperative registered under this Code may derived their capital from any of all of the following: Member’s share capital; Loans and borrowings including deposits; Revolving capital which consists of the differed payment of patronage refunds, or interests on share capital; and Subsidies, donations, legacies, grants, aids and such other assistance from any local or foreign institution whether public or private Savings Mobilization. Savings is encouraged to cooperatives to augment the group business that members engaged into It could be used for expansion of the enterprise. Some of the savings schemes used by most cooperatives are the following: “ Piso-pisodeposito” or One Peso a day savings Birthday Regalo (for Christians) &RamadhanRegalo (for Muslims) Raffle tickets or raffle draws Twenty Five centavos retention to every item being sold by cooperative store (or any amount agreed) Other savings schemes By Laws RA 9520 or the Philippine Code of 2008 Section 1. The General Assembly (GA) . The general assembly is composed of all the members entitled to vote, duly assembled and constituting a quorum and is the highest policy-making body of the Cooperative. By Laws RA 9520 or the Philippine Code of 2008 Section 2. Powers of the General Assembly . Subject to the pertinent provisions of the Cooperative Code and the rules issued thereunder, the general assembly shall have the following exclusive powers which cannot be delegated: By Laws RA 9520 or the Philippine Code of 2008 Section 2 . Powers of the General Assembly . a. To determine and approve amendments to the cooperative Articles of Cooperation and By-laws; b. To elect or appoint the members of the board of directors, and to remove them for cause; c. To approve developmental plans of the cooperative; and d. To delegate some of its power to a smaller body of the cooperative as authorized by the Philippine Cooperative Code of 2008. By Laws RA 9520 or the Philippine Code of 2008 Section 3. Meetings . Meetings of the general assembly, board of directors and committees may be regular or special. All proceedings and businesses undertaken at any meeting of the general assembly or Board of Directors, if within the powers or authority of the Cooperative, there being a quorum, shall be valid. By Laws RA 9520 or the Philippine Code of 2008 Section 4. Regular General Assembly Meeting . The General Assembly shall hold its annual regular meeting at the principal office of the Cooperative or at any place within the Philippines on the ______ of _________ of every year. By Laws RA 9520 or the Philippine Code of 2008 Section 5. Special General Assembly Meeting . The Board of Directors may, by a majority vote of all its members, call a special general assembly meeting at any time to consider urgent matters requiring immediate membership decision. The Board of Directors must likewise call a special general assembly meeting within one (1) month from receipt of a written request from a) at least ten percent (10%) of the total number of members entitled to vote; b) the Audit Committee; or c) the Federation or Union to which the Cooperative is a member, or upon Order of the Cooperative Development Authority. By Laws RA 9520 or the Philippine Code of 2008 Section 6. Notice of Meeting . All notices of meetings shall be in writing and shall include the date, time, place, and agenda thereof stated therein. a. Regular General Assembly Meeting . Notice of the annual regular general assembly meeting shall be served by the Secretary, personally or his duly authorized representative, by registered mail, or by electronic means to all members of record at his last known postal address, or by posting or publication, or through other electronic means, at least one (1) week before the said meeting. It shall be accompanied with an agenda, minutes of meeting of the last general assembly meeting, consolidated reports of the Board of Directors and Committees, audited financial statements, and other papers which may assist the members to intelligently participate in the proceedings. By Laws RA 9520 or the Philippine Code of 2008 Section 6. Notice of Meeting .b. Special General Assembly Meeting . Notice of any special general assembly meeting shall be served by the Secretary personally or his duly authorized representative, by registered mail, or by electronic means upon each members who are entitled to vote at his last known postal address, or by posting or publication, or through other electronic means, at least one (1) week before the said meeting. It shall state the purpose and, except for related issues, no other business shall be considered during the meeting. By Laws RA 9520 or the Philippine Code of 2008 Section 7. Order of Business . As far as practicable, the order of business of a regular general assembly meeting shall be: a. Call to order; b. Roll Call; c. Proof of due notice; d. Declaration of presence of quorum; e. Consideration of presence of quorum; f. Reading and approval of the previous minutes of meeting; g. Matters arising from the minutes; By Laws RA 9520 or the Philippine Code of 2008 Section 7. Order of Business h. Consideration of the consolidated report of the board of directors, officers, and the committees, including audited financial statements of the Cooperative; i. Unfinished business; j. Election of directors and committee members; k. Approval of Development Plan and Budget; l. New business; m. Other matters; and n. Adjournment By Laws RA 9520 or the Philippine Code of 2008 Section 8. Quorum for General Assembly Meeting . During regular or special general assembly meeting, at least ___________ of the total number of members entitled to vote shall constitute a quorum. By Laws RA 9520 or the Philippine Code of 2008 Section 9. Voting System . Only members entitled to vote shall be qualified to participate and vote in any general assembly meeting. A member is entitled to one vote only regardless of the number of shares he owns. Election or removal of Directors and Committee members shall be by secret ballot. Action on all matters shall be in any manner that will truly and correctly reflect the will of the membership. No proxy and/or cumulative voting shall be allowed. By Laws RA 9520 or the Philippine Code of 2008 |
PART II: About Global Dollar Credit Cooperative (GDBCC)
After you gain knowledge about cooperative, we introduce to you to our credit cooperative. Global Dollar Builder Credit Cooperative is committed to seek excellence in satisfying the needs and requirements of its members and customers by continually developing and innovating financial products and allied services for the cooperative sector. It shall ensure compliance to applicable regulatory requirements and shall pursue consistent improvement of its processes, structure, people competence, responsibilities and resources. GDB ENVIRONMENTAL HEALTH AND SAFETY POLICY Consistent with the vision of becoming a world class financial cooperative network, the National Confederation of Cooperatives (GDB) is committed to the protection of the environment and the health & safety of its employees, member, customers and the community. We shall continually:
OUR COOPERATIVE IDENTITY A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise. Global Dollar Builder Credit Cooperative (GDBCC) is duly registered as a "Credit Cooperative" with CDA Registration No. 9520-16021735. We open our doors to local residents of the Philippines and internationally based OFWs or those working abroad. BACKGROUND/HISTORY: The GLOBAL DOLLAR BUILDER CREDIT COOPERATIVE has the objective of ensuring that all members and their families could operate their own financial savings. The Cooperative is in association with GLOBAL DOLLAR BUILDER NETWORK ASSOCIATION OF THE PHILIPPINES INC. driven by all members of quality service, innovative products and community spirit. As stated in its charter, its primary mission is to promote thrift and create a source of credit for provident and productive purposes. To this end, GDBCC steadfastly has provided improved and expanded services for the benefit to its members. Our Vision: The Global Dollar Builder Credit Cooperative develops a community spirit striving to become true Witness to the Word and living the principles of Unity, Service, and Commitment. Our Mission: We are a progressive cooperative dedicated to serve the Global Dollar Builder Credit Cooperative community by providing loans and other financial services with fairness, honesty, transparency, and efficiency concerned with the total welfare of its members; and strengthened by the spirit of cooperation, involvement, and social transformation. Our Goals:
The Cooperative Principles RA 9520 we abide
Basic Duties of Coop Members
1. Attend Meetings, General Assembly. Be updated.
2. Patronize coop's products and services. 3. Share the blessings that you benefit as a coop member to others. Encourage them to join and experience the spirit of cooperativism. We will help one another build a better life for all of us though our coop. See the section below about the benefits. Our Registration and Permits
You can also visit our official website at http://globaldollarbuilder.com to see complete details including Mayor's and Barangay Permits under Legalities.
Our Board of Directors and Officers
Our Identity Logo
What's next after this?
Go to our:
Member Benefits to see what's install for you as a GDBCC coop member Resources to check how to get started Contact Us if you have questions or clarifications or for assistance. Join Now to become a GDBCC Coop Member and share the blessings to others More info from the home page of our education and training site http://globaldollarbuilder.net:
Co-op Education is About Cooperatives Co-op education is one of the most crucial yet least understood elements of the co-ops in general. At times it seems as if education is merely tolerated because there is a "co-op principle" of continuing education, with all too many co-op boards, managers and co-op educators themselves not really knowing quite what to do with it. And it is true that some types of cooperatives can get along quite well with minimal educational efforts, if all the external circumstances are favorable. If the co-op is isolated from competition or has a captive clientele or a natural monopoly or a single product line, then it can function with a relatively small amount of education. But when circumstances become difficult, the lack of education, and therefore the lack of member loyalty, involvement and creativity which are fostered by education, will soon be liabilities that can doom what was a "sure thing" in the co-op world Co-op education, to be worth the money a co-op invests in it, has to involve a much deeper effort to raise members' awareness of what is going on in the world and how the co-op alternative can effectively make a difference. Marketing strategies, advertising gimmicks, and product lines change so rapidly that it is difficult for an independent operation to keep up with the game. These factors alone mean that co-op education has a very fundamental function in building basic "customer loyalty" -- which in a co-op means "member loyalty." Not that there isn't plenty of evidence that co-op education is closely linked to the success of a co-op. In case after case, when a co-op has gone under, observers have cited the decline of cooperative education as a major factor in the failure. Somehow, their obituaries tell us, the co-op idea got ignored, and new members were signed up without being taught much about the co-op, cooperative economics, or their responsibilities as members. In fact, when the International Cooperative Alliance declared education to be basic co-op principle over fifty years ago and reaffirmed the principle in 1966, it based its statement on an analysis of the history of co-ops. The ones that failed generally were weak in the educational area. Those that succeeded over the long run had strong education components. The principle of education did not come out of thin air but was drawn from the practical experience of co-ops around the world. Education as investment But if we begin to look at co-op education as a type of long term investment in the future, its value will become clearer. Unfortunately, even where there is plenty of funding for education, it is most often used only for short-term purposes: membership drives, investment campaigns, public relations efforts, etc. Such activities are absolutely essential, but they only incidentally involve co-op education, which is something quite different. Co-op education, to be worth the money a co-op invests in it, has to involve a much deeper effort to raise members' awareness of what is going on in the world and how the co-op alternative can effectively make a difference. Informed Members The other important function in co-op education is to keep the members thoroughly informed about the status of the business. A competent co-op educator should be able to talk as fluently as the general manager about the balance sheet, the wholesale costs, the wages and benefits package, the debt to equity ratio. Members must have a good knowledge of the fiscal status of the co-op, and it is up to the educators to transmit this knowledge. A well-informed membership is more willing to contribute skills, ideas and capital to the business than a membership that doesn't know what it's all about. The board and management should insist that the educators inform the members, and build their own accountability into the process. The members are the best insurance against bad decision-making that a co-op can have. A knowledge of co-op history and what is happening in other co-ops today is an especially important aspect of co-op education. Co-ops often "reinvent the wheel" -- and all too often it is a square wheel. A knowledge of the past and present experience of co~ops is essential in deciding the direction of a coop's development, providing this knowledge isn't seen as a normative set of commandments. |