SEVEN (7) PILLARS OF COOPERATIVE PROGRAM

I. Active and Vigilant Membership

• Cooperative members should be active and supportive of their coop since they are the basic source of capital resources and savings mobilization. This will enable the cooperative in return to address their needs in a more humane manner.
• Cooperative members are expected to be vigilant in guarding and protecting their organization from unscrupulous elements. Since they own the cooperative, they should always be aware of their rights and obligations and practice them wholeheartedly.

II. Effective and Dynamic Leadership

• Leadership structure among cooperatives is pronounced where each committee is responsible for specific function. Board of Directors, as policy makers should be on their toes always. Management staffs are expected to execute coop policies fairly and judiciously.
• Dynamism in leadership through accountability and transparency contribute immensely to the growth and continuous success of the cooperative. This in turn influenced positively the general membership.

III. Continuous Capital Build-up and Savings Mobilization

• Coops. are envisioned to be financially independent to self-financed livelihood projects.
• Coops. serve as tools for generation of capital resources in the communities by and for the benefits of residents in a way influencing & contributing to the vibrancy of these areas.
• The process will facilitate the inculcation of the value of drift, interdependence and community involvement.

IV. Complete and Up-dated and Recording of Books Accounts

• Cooperatives and business enterprises and since they involved money, they should have proper and up-dated recording of transactions. Accountability cannot be taken for granted and substituted.

V. With Sustainable Livelihood Projects (all year round)

• Cooperatives are the equivalent of corporations of the haves. As such, they serves as the instruments of economic activities for ordinary Filipinos. With various livelihood projects being financed and implemented, cooperatives will undoubtedly contribute much not only to the members welfare but more so to the national economy.

VI. Effective Utilization & Up-dated Repayment of loans

• If cooperative internal sourcing from members has been maximized and exhausted but still short of capital for financing projects, cooperatives have the opportunity & privilege to resort from outside borrowings. However, loans borrowed should be used for the intended purpose and not for anything else. Cooperative should always be aware of their capacities to repay obligations in order to avoid multiple borrowings and non-settlement of accounts later on.

VII. Genuine Support to Federation (Secondary & Tertiary Types of Coops.)

• As mandated by R.A. 6938, the 3 types of coops. according to membership should be strengthened and supported to maximize benefits for member-cooperatives.

1. Primary - members are natural persons.
2. Secondary - members are primary cooperative.
3. Tertiary - members are secondary cooperatives.

OBJECTIVES AND PURPOSES

1. To encourage thrift and savings mobilization among the members for capital formation.
2. To create funds and grant loans to member for productive and providential purposes.
3. To provide goods and services and other requirements of the members.
4. To undertake agricultural and/or industrial production purposes.
5. To engage in the supply of production inputs to members/non-members and market their products.
6. To engage in (which of the following: medical, dental care, hospitalization, transportation, communication, housing, labor, electric light and power, irrigation, market management, janitorial services, etc.)
7. To promote the cooperative as a way of life for improving the social and economic well-being of the people.
8. To do any related activity for the members, self-government, improve social and/or economic well-being under a truly democratic society.
9. To work with the cooperative movement, non-government and government organization/entities in the promotion and development cooperative and in carrying out government policies.
10. To undertake other activities for the effective and efficient implementation of the provision of the cooperative.