NATCCO co-op federation
celebrates 40th Anniversary

May 23 2017 12:15 PM

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The National Confederation of Cooperatives (NATCCO Network) celebrates this year its 40th or Ruby Anniversary in a three-day activity from May 25-27 at the Crowne Plaza Hotel in Ortigas Avenue.

The NATCCO Network was established in 1977 as a training center for cooperatives, and today is composed of 804 cooperatives owned by 4.7 million individual members; these cooperatives have total assets of P130 Billion.

NATCCO Network aims to help co-ops serve their members better thru coop-specific financial software, ATMs, Training & Consultancy, Deposits & Loans, Stabilization Fund, and life and loan insurance.  Advocacies include Youth & Gender Development, disaster-readiness, Social Performance, and compliance of co-ops with regulations.

Expected to attend are the leaders of the member-cooperatives nationwide, as a powerhouse list of speakers will be sharing their messages of inspiration and updates on the local and international cooperative scene.

Keynote speaker will be Rep. Vilma Santos-Recto.  A Congresswoman and popular actress, she had served as Governor of Batangas Province for three consecutive terms and as mayor of Lipa City, also for three consecutive terms.  She had supported cooperatives in her Province, and as a legislator sits in the House Committee on Cooperatives.

International Speakers include Balu Iyer, Executive Director of the International Cooperative Alliance (Asia-Pacific) based in India, and Elenita San Roque, CEO of the Association of Asian Confederation of Credit Unions in Thailand, composed of 21,947 cooperatives in Asia.

The General Assembly will be on the second day. NATCCO Management will present  its performance report and financial statements, new members of the Board of Directors will be elected, and then policy directions of the organization adopted.  Theme for the General Assembly is NATCCO @ 40: Cooperating and Integrating Toward a Golden Future.

“Integration” has been a recurring theme of the Network, emphasizing pooling of resources, standardization of operations, contractual solidarity, and disciplined self-governance among the Network’s 804 members.

Another highlight of the second day will be the awarding of NATCCO’s top depositors, shareholders, credit patronizers, ATM Acquirers, ATM Issuers, Training Patrons, CCT Conduits, and Golden Co-ops.

Also to be recognized are past Chairpersons (living and posthumous), Chief Executive Officers, Partner Organizations (both local and international), and long-term employees.

On May 27, ACCU Chief Technical Officer, Ranjith Hettiarachchi, will speak on Financial Inclusion and the UnitedNations Sustainable Development Goals, where co-ops are to help meet the UN’s goals for 2030.

This will be followed by a panel discussion on “Digital Finance and Financial Inclusion” where officials of NATCCO, ACCU, Philippine Federation of Cooperatives, and banking systems partners Temenos and Software Group will provide insight.

Motivational Speaker will be successful basketball coach and TV5 CEO, Chot Reyes. Known to be the “Coach of Champions,” Reyes is reputed to emphasize teamwork and has succeeded in turning underdog teams into champions.

Since most of the members of cooperatives are employees, farmers, fisherfolk, professionals, youth, and small entrepreneurs, the NATCCO Network has opposed a Bill filed in Congress to remove the tax exemptions of co-ops as stipulated in the Cooperative Code. The Network’s leaders point out that while the 2016 Net Surplus of the Network amounted to P6.5 Billion, the Return on Assets averaged 5.15% in the last five years, just three times the average inflation for 2016.  And because 70% of the Net Surplus is distributed as dividends and patronage refunds, the average amount received by each member is only P968.  Thus, co-ops should not be taxed.

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