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Pre Registration Seminar for Co-ops

This document provides information about cooperatives, including their purpose, principles, and operational requirements. It discusses reasons for forming cooperatives such as addressing community issues like lack of jobs and income. It also summarizes the key principles of cooperatives based on the International Cooperative Alliance, including voluntary membership, democratic member control, member economic participation, autonomy and independence, education/training, cooperation among cooperatives, and concern for community. Additionally, it outlines requirements for cooperative registration and ongoing reporting obligations.

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Why do you want to form a cooperative?
Levelling of Expectations • What do you know about cooperatives? • What would you like to know about co-ops? • What do you expect of the lecturer? • What do you expect of your co-participants? • What do you expect from this seminar?
Reasons for
Why do we need to attend PRS? • It is required by the CDA; • To understand what a cooperative is; • To understand the duties & responsibilities of a cooperative officer and member; • To know what are the requirements and process for registering a cooperative.
Issues in the community: • Lack of job opportunities; • Inadequate income to support the family; • Lack of education/knowledge; • Inequitable distribution of wealth and power; • People are not united “to each his own”; • Peace and order situation.
17.6 million Filipinos who lived below the poverty threshold estimated at PhP 10,727, on average, for a family of five per month in 2018. Subsistence incidence among Filipinos, or the proportion of Filipinos whose income is not enough to meet even the basic food needs, was registered at 5.2 percent in 2018. The monthly food threshold for a family of five was estimated, on average, at PhP 7,528. PSA Reference No.: 2019-209 Release Date: 06 December 2019 109 M population 16.4%
Build and transform lives thru cooperativism
Low Income Middle Income High Income DA, DAR, DILG, DTI, TESDA, DSWD, BFAR, LBP, NCIP, LGUS, NGOs How? Convergences, Partnership through a multi-sectoral approach
ICA 1995: Seven Cooperative Principles Principles are guideposts in the organization and management of cooperatives in which their values are put into practice.
Cooperative Principles Cooperatives differ from other business types in that there is a set of guiding principles for operation. These principles provide a philosophical foundation for the business by establishing a governance structure and the method by which profits are distributed. The original Rochdale Principles have been distilled into the following Cooperative Principles
1. VOLUNTARY AND OPEN MEMBERSHIP - Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership without gender, social, racial, political or religious discrimination.
2. DEMOCRATIC MEMBER CONTROL - Co-ops are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. - Those who use the cooperative also control it by electing its officers and voting on major organizational issues.
3. MEMBER ECONOMIC PARTICIPATION - Members contribute equitably to, and democratically control the capital of their co- operative. - Members usually receive limited compensation if any, on capital subscribed as a condition of membership.
4. AUTONOMY AND INDEPENDENCE - Co-operatives are autonomous, self-help organizations controlled by their members. - If they enter into agreements with other organizations, including the government, or raise capital from external sources, they do so on terms that ensure democratic control of their members and maintain their co-operative autonomy.
5. EDUCATION, TRAINING AND INFORMATION - Co-ops provide education and training for their members, elected officers, manager and employees so they can contribute effectively to its development and growth. - They inform the general public - particularly young people and opinion leaders about the nature and benefits of co-operation.
6. COOPERATION AMONG CO-OPERATIVES - Co-ops serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional and international structures. Secondaries Primaries Tertiaries Coop to Coop
7. CONCERN FOR COMMUNITY - Co-ops work for the sustainable development of their communities through policies approved by their members.
Universal Values Cultural Values Personal- Ethical Values you Self Reflection
In a co-op, all members are in charge; so individuals must be accountable for their actions, responsibilities, and duties. Thus, a co-op cannot function properly if the members are neglectful of their responsibilities to their job, the co-op, their fellow members, and themselves.
DEMOCRACY Co-ops are controlled, managed and operated by its members. Thus, suggestions are heard and accepted to make the services or products more responsive to their needs. Thus, it empowers members to participate and vote in meetings.
EQUALITY & EQUITY o EQUALITY is about giving everyone access to the same resources and treating them the same. Every member is only entitled to one vote regardless of the amount of his/her contribution. o EQUITY is the concept of providing disadvantaged persons and privileged people with fair accommodation and treatment according to their needs - in order to put them on equivalent ground.
SOLIDARITY This is the value of “fellowship” amongst members of a co-op (worker-owners or member-owners) and more, including: other co-ops, organizations, and individuals who are linked by a shared concern or cause. Thus, it is essential for cooperatives and cooperators to recognize the importance of working together to support others in their struggles, goals, and efforts – and for others to do the same for them.
Honesty Openness Social Respon- sibility Caring for Others HONESTY Truthfulness, fairness and sincerity in all dealings. The dealings may be between the members & the cooperative; among members the themselves; between & among cooperatives
OPENNESS One that promotes collaboration where the members are free to share their views and suggestions with an emphasis on learning s opposed to being right. Characterized by transparency and free access to knowledge and information.
SOCIAL RESPONSIBILITY The economic activities undertaken and decisions made in the co-ops as a business enterprise are balanced by the needs and interests of their members and the community.
CARING FOR OTHERS Co-ops bring people together to meet a shared need through operation of a democratically- controlled business. Co-ops are open to all who can take advantage of their benefits.
AUTONOMY AND INDEPENDENCE EDUCATION, TRAINING & INFORMATION COOPERATION AMONG COOPERATIVES CONCERN FOR COMMUNITY DEMOCRATIC MEMBER CONTROL MEMBER ECONOMIC PARTICIPATION VOLUNTARY AND OPEN MEMBERSHIP SELF-HELP SELF- RESPONSIBILITY EQUALITY HONESTY OPENNESS SOCIAL RESPONSIBILITY DEMOCRACY CARING FOR OTHERS SOLIDARITY CO-OP PRINCIPLES ARE PRACTICAL APPLICATIONS OF CO-OP VALUES CO-OP /ETHICAL VALUES ARE THE FOUNDATION OF THE CO-OP PRINCIPLES EQUITY
S • Capital structure highly influences the success or failure of a cooperative. • Capital Build-up: a. Share Capital Contributions b. Savings & Time Deposits • Loans from external sources shall only serve as a short term alternative while the co-op is growing, and it should not dominate the life of the cooperative. 1. CAPITAL FORMATION
2. CASH TRADING • Discounts are given when goods are paid in cash and purchases are made in bulk. 3. SELLING AT MARKET PRICE • Co-ops offer goods and services at prevailing market prices. 4. CONSTANT EXPANSION • Membership Expansion • Expansion of Services
5. QUALITY GOODS AND SERVICES • Strive for quality goods and services to stand in competition with other business establishments. 6. COOPERATIVE WHOLESALE • Purchases in bulk may result to lesser cost and bigger profit. 7. MINIMAL EXPENDITURES • Exemption from income & sales taxes • Officers should be prudent and reasonable in spending and using the co-op’s resources • Render voluntary services whenever possible without compromising quality service.
5. QUALITY GOODS AND SERVICES • Strive for quality goods and services to stand in competition with other business establishments. 6. COOPERATIVE WHOLESALE • Purchases in bulk may result to lesser cost and bigger profit. 7. MINIMAL EXPENDITURES • Exemption from income & sales taxes • Officers should be prudent and reasonable in spending and using the co-op’s resources • Render voluntary services whenever possible without compromising quality service.
LEGAL BASES A 1987 Philippine Constitution Article XII, Section 15 “The Congress shall create an agency to promote the viability and growth of cooperatives as instruments for social justice and economic development” R.A. 6939 Section 2 “The Cooperative Development Authority is hereby created under the Office of the President to carry out the provisions of this Act” C R.A. 11364 “The CDA created under R.A. 6939, hereinafter referred to as the Authority, is hereby strengthened and reorganized to carry out the provisions of this Act and those of R.A. 6938 as amended by R.A. 9520”
280 2890 M employment: Source 2020 World Coop Monitor
To pursue the 2020 Vision, the document outlines five critical themes to form part of the co-operative sector's agenda, which have been devised by Cliff Mills and Will Davies, Centre for Mutual and Employee-owned Business, University of Oxford, under the guidance of an ICA Planning Work Group. The ICA Blueprint, which was launched in a draft format at the General Assembly last October, sets out a path that envisions co-operatives to be the fastest growing form of enterprise by 2020.
These critical themes are: 1 Elevate participation within membership and governance to a new level 2 Position co-operatives as builders of sustainability 3 Build the co-operative message and secure the co- operative identity 4 Ensure supportive legal frameworks for co-operative growth 5 Secure reliable co-operative capital while guaranteeing member control
ILO Centenary Declaration: Cooperatives call for people-centred business models for a fair, secure, and inclusive Future of Work (2019)
PART III: CO-OPERATIVE AS BUSINESS & SOCIAL ENTERPRISE
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE BASIC OPERATIONAL REQUIREMENTS IN A CO-OP 1. Mayor’s Permit 2. BIR Requirements: • TIN • Official Receipt • Certificate of Tax Exemption • Books of Accounts (Stamped by BIR) 3. Office with Signage 4. Core Management Team: Manager, Treasurer and Bookkeeper 6. Functioning Officers 7. Policies and Procedures 8. Adequate Capitalization
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE CERTIFICATE OF REGISTRATION A co-op organized acquires juridical personality from the date the CDA issues a certificate of registration under its official seal. It shall be conclusive evidence that the co-op named therein is duly registered unless it is proved that the registration thereof has been cancelled.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE AREA OF OPERATION – shall refer to the area where the cooperative operates and where its members come from as provided in the Articles of Cooperation and By-Laws.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE TERM A cooperative shall exist for a period not exceeding fifty (50) years from the date of registration unless sooner dissolved or unless said period is extended.
ADDRESS Every cooperative shall have an official postal address to which all notices and communications shall be sent. Such address and every change thereof shall be registered with the Authority. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
REGULAR REPORTS All registered co-ops shall submit an electronically encoded Cooperative Annual Progress Report (CAPR) with the following attachments: * Social Audit Report (SAR); * Governance and Management Audit Report (GMAR), including copies of the semi-annual report on mediation and conciliation; * Audited Financial Statement (online submission); * List of Officers and Trainings undertaken/Completed. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
REGULAR REPORTS All registered cooperatives shall file with the CDA a copy of the required reports either through personal, registered mail, courier or electronic means, within 120 days from the end of every calendar year. The CAPR including all of the reports shall be reported to its members during the annual general assembly meeting. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
TAX TREATMENT OF COOPERATIVES Duly registered cooperatives under R.A. 9520 which do not transact any business with non- members or the general public shall not be subject to any taxes and fees imposed under the internal revenue laws and other tax laws. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE COMMON BOND OF MEMBERSHIP BOND OF MEMBERSHIP – shall refer to the condition where members associate themselves to attain their common goals and objectives which may either be residential, institutional, occupational, and associational.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE COMMON BOND OF MEMBERSHIP ASSOCIATIONAL - members come from a registered and/or recognized association, group, club, fraternity, religious group, cultural and other similar aggrupation. Recognized association means legitimate aggrupation of persons which is validated to be publicly known in a particular community and is able to present certification from applicable government entity or substantial proof of visible activity in the community.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE COMMON BOND OF MEMBERSHIP RESIDENTIAL - members are working and/or actually and physically residing in the same place. INSTITUTIONAL - members consist of employees, workers and/or officers of a particular institution. OCCUPATIONAL - members come from the same or allied profession or actual occupation.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE FIELD OF MEMBERSHIP Shall refer to the specific description of membership. In a way, it clarifies who shall be considered as members of the co-op in accordance with their bond of membership. Example: “That the common bond of membership of this cooperative is INSTITUTIONAL and the field of membership shall be open to all CDA – Dagupan Extension Office employees ONLY.”
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO- OPS 1. Cooperatives are service-oriented. • Cooperatives are organized to serve their members by providing goods and services at reasonable cost. 2. Cooperatives are community-oriented. • Cooperatives work for the welfare of their members by integrating themselves into the life of the community in particular and the nation in general.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 3. Cooperatives are people-oriented. • Cooperatives are not merely economic instruments concerned with dividends and related economic and financial returns. • They are the mechanisms of change for total human development. This means the total development of man as human being in all the economic, political, cultural and spiritual aspects.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 4. Cooperative are owned, managed, and patronized by members. • Cooperatives are member-owned, member-controlled and member- used. Ownership is a very important factor in the success of any cooperative. • It is very important that members have full authority to manage and control their cooperative.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 5. Cooperatives are business enterprises. • Cooperatives engage in businesses with social responsibility. They play a meaningful economic role in the community life by servicing and performing as efficiently and responsively as the other financial and business enterprises. • Cooperatives have to generate surplus to be able to continually improve and expand its services.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 6. Cooperatives develop best through self-help and mutual help. • Robert Owen advocated the philosophy of self-help that inspired the “Rochdale Pioneers” to organize. He said “ if you want some thing done, do it yourself”. This philosophy has been responsible for the success of many cooperatives all over the world. - and it is the best alternative for the poor in any country to unite and help themselves out of their depressed condition.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 7. Cooperatives serve best when they answer the real felt needs of the members. • It is important therefore that proper approaches and techniques are employed to ensure that the real needs of the members are identified and recognized before any cooperative is organized.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 8. Cooperatives develop best from bottom to top. • Being mass-based organizations, cooperatives develop best from the bottom to top. • Organizationally, their development should be from the primary level to the secondary, tertiary and up to the apex.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE NATURE AND CHARACTERISTIC OF CO-OPS 9. Development of cooperatives is enhanced through a multi-sectoral approach. • The government, non-government, and the cooperative sector – play an important role in enhancing the smooth and continuous development of the cooperatives. • This approach involves the participation of all sectors from the planning stage to the implementation, evaluation, and monitoring of all activities.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE Basic Differences With Other Business Model Bases for Comparison SINGLE PROPRIETORSHIP PARTNERSHIP CORPORATION COOPERATIVE Number of persons required for formation Only one person At least two or more At least 5 persons are required to form a corporation. (natural and juridical persons can be stockholders at the same time) At least 15 natural persons are required to form a primary coop (10 primary coops are required to form a federation or union) Grant of Juridical Personality No separate juridical personality from owner but business name should be registered with the DTI Mere agreement of partners can be a partnership. However, it is better if registered under the SEC Must be registered with SEC Must be registered with CDA
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE Basic Differences With Other Business Model Bases for Comparison SINGLE PROPRIETORSHIP PARTNERSHIP CORPORATION COOPERATIVE Registration Requirements for Documentation Application Form Contract of Partnership Articles of Incorporation, By –laws and Bank Statement Articles of Cooperation, By-laws, Economic Survey, Bonds of Accountable Officers and Treasurer’s Affidavit Capitalization Contributions Only the owner contributes capital Partners contribute cash or services/industry Stockholders pay for the amount of shares he wants to buy A member can subscribe up to 10% of the total subscribed share capital
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE Basic Differences With Other Business Model Bases for Comparison SINGLE PROPRIETORSHIP PARTNERSHIP CORPORATION COOPERATIVE Management Structure Only one person decides Partners make a collective decision Board of Directors make final decision General Assembly has the final decision Voting No voting rights Votes proportional to the extent of interest of each partners Votes proportional to no. of stocks owned by stockholder; proxy voting allowed One member, one vote; no proxy voting in primary coops
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE Basic Differences With Other Business Model Bases for Comparison SINGLE PROPRIETORSHIP PARTNERSHIP CORPORATION COOPERATIVE Liability Owner assumes full liability All partners are equally liable except in limited partnerships Limited up to authorized capital Member’s liability is only up to his/her subscribed share capital Taxability Owner is liable for Income tax Partners pay tax on share as partner Profits taxable; stockholders pay tax on dividends received Co-ops which transact business with their members ONLY are tax exempt
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE Basic Differences With Other Business Model Bases for Comparison SINGLE PROPRIETORSHIP PARTNERSHIP CORPORATION COOPERATIVE Basis of Distribution of Surplus/Profit Owner enjoys all the profits All partners equally share in the profit or based on Partnership Agreement Stockholder’s share in the profit is dependent on the no. of stocks which he holds Member’s share in the surplus is based on his paid-up share capital and patronage refund or volume of business he/she contributed to the co-op Governing Principles Purely Business Management Principles Partnership Principles as stipulated by the partners Purely Business Management Principles Co-op Values & Principles and Business Management
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE • In other words, the primary aim of a co- op business, as contrasted with other kinds of business, is to provide goods and services to its members. • A cooperative does not engage in buying and selling in order to make a profit for its members. • A co-op answers the needs of its members. Basic Differences With Other Business Model
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE • Although it may buy and sell from the general public in order to carry on its own business, this is incidental to its chief aim —serving its members. • Nonetheless, “Co-ops”—are enterprises which is a part of our economic system of private enterprises just the same as an individually-owned business, a partnership, or a corporation. Basic Differences With Other Business Model
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Business Enterprise.. Co-ops follow all business norms like: • Adherence to local laws; • Open trade; • Cash trading; • Selling at market price; • Avoid destructive competition among coops;
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Business Enterprise.. Co-ops follow all business norms like: • Adequate capitalization; • Adherence to business governance; • Minimize Expenditures; • Constant expansion; • Quality Standardized Goods.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Business Enterprise.. Co-ops follow all business norms like: • Comply with the basic requirements of a business enterprise such as but not limited to securing Business Permits; Registration with BIR; observance of Labor Laws and other social legislations.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Social Enterprise.. Stronger Competition Pooling members' purchasing power enables co-ops to operate efficiently while promoting stronger competition locally. When co-op enterprises start to give its members services and products -- they become known -- with inventory, management and capital, enabling them to compete effectively in the local economy.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Social Enterprise.. Improved Services Since a co-operative is owned and operated by the members, for the members, cooperatives focus on self-help and mutual help. Cooperatives use revenues to cover costs associated with rendering services to its members and surpluses may be used to subsidize member services.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE As a Social Enterprise.. Job Generation Co-ops do not merely serve as buying enterprises, they are also examples of decentralized businesses that can provide meaningful jobs thereby contributing to poverty reduction. According to the ICA, co-ops currently employ an estimated 100 million people worldwide, or roughly 20 % more than multi-national corporations.
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE What is a Cooperative?
 An autonomous duly registered association of persons  With a common bond of interest  Who have voluntarily joined together  To achieve their social, economic and cultural needs  By making equitable contributions to the capital required  Patronizing their products and services  Accepting fair share of the risks and benefits of the undertaking  In accordance with universally accepted co-op principles
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE 1. Credit Cooperative 2. Consumer Cooperative 3. Producer Cooperative 4. Marketing Cooperative 5. Service Cooperative 6. Multi-Purpose Cooperative 7. Advocacy Cooperative TYPES OF COOPERATIVE
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE 8. Agrarian Reform Cooperative 9. Cooperative Bank 10. Dairy Cooperative 11. Education Cooperative 12. Electric Cooperative 13. Financial Service Cooperative 14. Fishermen Cooperative TYPES OF COOPERATIVE
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE 15. Health Services Cooperative 16. Housing Cooperative 17. Transport Cooperative 18. Water Service Cooperative 19. Workers Cooperative 20. Other types of cooperatives as may be determined by the Authority TYPES OF COOPERATIVE
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE PRIMARY COOPERATIVE – the members of which are natural persons EXCEPT electric cooperatives, water service cooperatives and other co-ops which the IRR of R.A. 9520 or the Authority may allow. SECONDARY COOPERATIVE – the members of which are primary co-ops. TERTIARY COOPERATIVE – the members of which are secondary co-ops. CATEGORIES OF COOPERATIVES
COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE PART IV: ORGANIZATION AND MANAGEMENT STRUCTURE OF COOPERATIVES
Membership  REGULAR – has complied with all the membership requirements and entitled to all rights and privileges of membership.  ASSOCIATE – one who has NO RIGHT TO VOTE NOR BE VOTED UPON and shall be entitled only to such rights and privileges as the by-laws may provide. Shall be considered a regular member upon meeting the minimum requirements of regular membership, and continues to patronize the cooperative for two (2) years, and signifies his/her intention to remain a member. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
If an associate member who meets the minimum requirements of regular membership, continues to patronize the co-op for 2 years and signifies his/her intention to remain as member, is he/she automatically considered a regular member? YES. The law gives the option to the associate member provided that he/she satisfies the requirements of Article 26. However, it is the BOD who will decide whether or not he has complied with the minimum requirements. Art. 26. Kinds of Membership. x x x “x x x Provided, that an associate member who meets the minimum requirements of regular membership, continues to patronize the services of the coop for 2 years, and signifies intention to remain as member shall be considered a regular member COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership RIGHTS AND PRIVILEGES OF A MEMBER • Participate in the deliberation of all matters taken–up during general membership meetings; • Avail himself of the services of the cooperative, subject to certain conditions as may be prescribed by the Board of Directors; • Inspect and examine the books of accounts, the minutes books, the share register, and other records of the co-op during reasonable office hours; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership RIGHTS AND PRIVILEGES OF A MEMBER • Secure copies of cooperative records/documents pertaining to the account information of the concerned member; • Participate in the continuing education and other training programs of the cooperative; and • Such other rights and privileges as may be granted by the General Assembly. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership MEMBER ENTITLED TO VOTE • Paid the membership fee and the value of the minimum shares required for membership; • Not delinquent in the payment of his/her share capital subscriptions and other accounts or obligations; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership MEMBER ENTITLED TO VOTE • Not violated any provisions of the Code, CDA administrative issuances, Articles of Cooperation and by-laws, the terms and conditions of the subscription agreement; and the decisions, guidelines, rules and regulations promulgated by the Board of Directors and the general assembly; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership MEMBER ENTITLED TO VOTE • Completed the continuing education program prescribed by the Board of Directors; and • Participated in the affairs of the cooperative and patronized its businesses in accordance with its policies and guidelines. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership MEMBER ENTITLED TO VOTE Consequently, a member entitled to vote shall have the following additional rights:  Participate and vote on all matters deliberated upon during general assembly meetings;  Seek any elective or appointive position, subject to the provisions of the by-laws and the Code. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership DUTIES AND RESPONSIBILITIES OF A MEMBER • Pay the installment of his/her share capital subscription as it falls due and to participate in the capital build-up and savings mobilization activities of the co-op; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership DUTIES AND RESPONSIBILITIES OF A MEMBER • Participate in the membership education programs; • Patronize the cooperative’s businesses and services; • Attend general assembly meetings; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership DUTIES AND RESPONSIBILITIES OF A MEMBER • Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of Directors and the general assembly; and • Promote the purposes and goals of the cooperative, the success of its business, the welfare of its members and the cooperative movement in general. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership A member shall be liable for the debts of the cooperative to the extent of his/her contribution to the share capital of the cooperative. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership TERMINATION OF MEMBERSHIP may be automatic, voluntary, or involuntary. AUTOMATIC - The death, insanity, permanent incapacity or insolvency as declared by a competent court shall be considered as automatic termination of membership in the cooperative. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership VOLUNTARY - A member may for any reason, withdraw his membership from the co-op by giving a 60-day notice to BOD. He/she shall be entitled to a refund of his/her capital contribution and other interests in the co-op. However, no member shall be allowed to withdraw or terminate his membership during any period while he has pending obligation with the cooperative. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership INVOLUNTARY - A member may be terminated by a vote of the majority of all members of BOD for any of the following/reasons: When a member has not patronized the service(s) of the co-op for an unreasonable period of time as may be fixed by the BOD; When a member has continuously failed to comply with his/her obligations; COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership INVOLUNTARY TERMINATION When a member has acted in violation of the by- laws and the rules of the cooperative; and For any act or omission, injurious or prejudicial to the interest or the welfare of the cooperative. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE
Membership DUAL MEMBERSHIP A prospective cooperative may include in its by- laws a provision not allowing members of existing cooperatives of the same type within the same area of operation to be a member of the proposed cooperative unless they resign from the former. COOPERATIVE DEVELOPMENT AUTHORITY DAGUPAN EXTENSION OFFICE