The cooperative movement achieved another milestone as the Bangko Sentral ng Pilipinas (BSP) finally launched on November 16 a special program intended for the cooperative banking sector called Strengthening Program for Cooperative Banks (SPCB).

Top officials of BSP, Land Bank of the Philippines (LBP) and Philippine Deposit Insurance Corporation (PDIC) led by BSP Governor Amando Tetangco, LBP President Gilda Pico and PDIC President Valentin Araneta signed during the launch the Memorandum of Agreement as partners in the implementation of the program.

Coop-NATCCO Party-list Representatives Jose R. Ping-ay and Cresente C. Paez who witnessed the MOA signing were jubilant for the significant development for the sector. They thanked the BSP, LBP and PDIC for extending the much needed support mechanism for the cooperative banking sector.
 

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Three nominees for the sectoral representative post in the National Anti-Poverty Commission (NAPC), who will be appointed by President Benigno Aquino III, were elected by the cooperative leaders during a sectoral assembly organized by NAPC on October 17-19, 2011 in Quezon City.

The elected nominees are Mr. Deal Benegrado of MSU-IIT MPC, Ms. Divina Quemi of Nueva Segovia Consortium of Cooperatives and Mr. Daniel Ang of National Cooperative Marketing Federation. One of them will be chosen by P-Noy to represent the coop sector in the NAPC.

The sectoral assembly was well-participated by leaders of 15 basic sectors including the cooperative sector. About 70 delegates from the 14 basic sectors nationwide, 17 primary coops and 18 national cooperative federations were present during the three-day assembly.

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Rep. Cresente C. Paez of COOP-NATCCO was awarded with the prestigious ACCU Recognition Award 2011 during the Asian Credit Union Forum held in Malaysia on September 17-20, 2011. The Association of Asian Confederations of Credit Unions (ACCU) acknowledged the solon’s contributions as “unique in the financial world for which he assumed tremendous responsibilities and demanding workloads.” ACCU is a well-known international organization composed of 21, 947 credit unions and serving 38.1 million members in 26 countries in the region along with 34 affiliates promoting credit unionism in Asia. Paez was chosen for the ACCU award’s individual category for his “exemplary contribution, committed involvement and dedication in the promotion and strengthening of credit unions in the Philippines and Asia.” He bested other nominees from other Asian member countries such as Thailand, Indonesia, Burma, Bangladesh, Vietnam, India, South Korea, Nepal, and Sri Lanka. ACCU likewise recognized Paez’s efforts in setting the tone for sustainability and growth of the National Confederation of Cooperatives (NATCCO) while serving as its Central Fund Manager and Chief Executive Officer in 2002-2009; advocating the credit union philosophy of “People Helping People; and pioneering legislative initiatives on strengthening regulatory and supervisory framework for credit unions as representative of Coop-NATCCO in Congress. Representative Isidro Lico of Ating Koop Partylist filed House Resolution No. 1784 commending the Honorable Paez for receiving such prestigious award.

Dear Cooperators,

Greetings of Peace and Solidarity.

The ferocity of Typhoons Pedring and Quiel left countless of our brothers in Metro Manila Area and Central Luzon immensely devastated. The aftermath is appalling; homes were ravaged, several lives were lost, and hordes of traumatized people have to contend with hunger, lack of shelter and dry clothing.  

It is at this time of great need that every act of kindness, no matter how small and seemingly insignificant, will matter most.  There is no better time than now to put forth our concerted efforts and do our share in alleviating the conditions of our ill-fated countrymen.  

Thus, we, at COOP-NATCCO Party-list, ask for your sympathy and appeal for your kindness as we solicit support, in any form, to answer to the calls for help from the victims of the disaster.  There is a grave shortage of food, clothing, blankets, and medicines; hence, it would be most appreciated if you can respond to these basic necessities or through financial aid.  

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