sacred heart savings cooperative, candon city, region 1 philippines
DESCRIPTION
SCHC Profile, Milestones; products and services, awards and recognitionTRANSCRIPT
SACRED
HEART
SAVINGS
COOPERATIVE
Reg. No. 9520-01004061,CIN 102010222
PROFILE OF COOPERATIVE:
Year Established: 1972
Year Registered : 1984
VISION STATEMENT
A strong cooperative that
propels community
development.
MISSION STATEMENT
To uplift the living condition of the
people by providing sound
financial services and promoting
values and solidarity among
members.
CORE VALUES
Integrity -To work in all honesty and uprightness for the common good.
Professionalism-To deliver services to members efficiently and
effectively
Innovation-To continually effect new and novel programs to
keep abreast with the changing times.
Discipline-To uphold the Code of Ethics in the performance of our tasks.
Teamwork-To work together as one big family.
Social Responsibility-To foster a culture of service while doing
business.
Contact Person:
Contact Numbers:
Phone : (077) 742-6528; (077) 644-0529
Fax No. : (077) 742-6404
E-mail Address: [email protected]
Jaime D. Gaboy Jr. CEO
HISTORY The Sacred Heart Savings
Cooperative was organized on April 2,
1972 as the Galimuyod Credit Union. A
group of 33 parishioners of the Sacred
Heart of Jesus Parish in Galimuyod,
Ilocos Sur took the initiative to organize
as a credit union. Fr. Edmundo Abaya,
the Parish Priest, gave his full support to
the movement. The union started with a
capitalization of P916.00 and its principal
office was located at the Sacred Heart of
Jesus Parish rectory.
On December 18, 1984, the credit union was converted into a
Kilusang Bayan pursuant to presidential decree no. 175 and LOI No. 23
and was confirmed by the CDA on December 31, 1990, with the name
Galimuyod Credit Cooperative. Later, in June 1997, the coop was
converted into a multi-purpose cooperative providing legal basis for its
expansion programs.
Another
amendment was made
to its by-laws changing
its name from
Galimuyod Multi-
Purpose Cooperative to
Galimuyod Savings
and Development
Cooperative On
October 28, 2002 and
expanding its area of
operation to the whole
province of Ilocos Sur.
HISTORY
As an offshoot to the amendment, the Cooperative put up its
Branch Office in Candon located at the De Leon Building, Abaya St.
Brgy. San Isidro, in July 2003. And it was recognized as the first
cooperative to establish a branch in region I.
HISTORY
In February
2007, the Cooperative
opened its 2nd branch
office located at San
Jose, Narvacan, Ilocos
Sur.
HISTORY
A third
branch was put up in
San Emilio, Ilocos
Sur on March 15,
2009 to serve the
communities in the
uplands.
HISTORY
HISTORY
The name of
the Cooperative was
changed to Sacred
Heart Savings
Cooperative to
prepare the
cooperative on its
expansion outside
Ilocos Sur On July
13, 2010.
Thus, On April 12,
2011, the Cooperative
expanded its operation to
San Fernando City, La
Union. It was then its entry
point to open its operation
to other places.
HISTORY
Recently,
another branch
was then opened
to Rosario, La
Union on
November 5,
2012.
HISTORY
40th years in existence with an array of services as multi purpose
cooperative;
From 33 member in 1972 to 11, 562 in 2012;
1998 Regional Winner in the Gawad Pitak awarded by Land Bank of
the Philippines;
1999 2nd CDA Most Outstanding Cooperative National Level;
From the Municipality of Galimuyod, Ilocos Sur, the cooperative has
expanded its area of operation to the whole of Region I and Abra
allowing to reach out to more number of marginalized people;
Established six branches namely: Galimuyod Branch, Candon Branch,
Narvacan Branch, San Emilio Branch, San Fernando City, La Union
and Rosario, La Union Branch. All the branches were refurbished to
have a good ambiance and make the office attractive to members and
to the public.
SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
For its financial highlight, Sacred Heart Savings Cooperative has a total
assets of P 376,292,786.19; Total liabilities 324,151,114.32; Net Worth
P 52,141,671.87; Paid Up Share Capital of P 45,137,652.77 and Net
Surplus of P 6,111,570.21;
Founding member and strong alliance of Nueva Segovia Consortium
of Cooperatives (NSSC);
Active members to National Confederation of Cooperatives, (NATCCO),
Metro South Cooperative Bank, Ilocos Sur Cooperative Bank;
Cooperative Insurance System of the Philippines (CISP) , and
Cooperative Life Insurance Mutual Benefit System (CLIMBS) and
Northern Luzon Cooperative Development Center (NORLU);
Constructed a Cooperative Business Center along Morales St., San
Isidro, Candon City worth P 13.2 Million;
103 personnel complement;
SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
Installation of Management Information System called KoopCAS. The
system can process transactions faster, making members more
satisfied with the services offered to them;
Installation of ATM in Narvacan Branch.
Adopted new approaches and techniques in managing loan portfolio
by having a new credit operations manual;
Development of employees is also embodied in the new HR
Management manual; and
Provided health care services to members in terms of unlimited
medical check ups, laboratory and diagnostics, hospitalization
allowance maximum of P 15,000,P 10,000.00 for surgical per year in
partnership with Integrated Management Services . (IMS)
SIGNIFICANT ACHIEVEMENTS/MILESTONES OF THE COOPERATIVE:
BRANCHES:
- 1st Branch Office: July 2003 (CANDON)
Address: Morales St., San Isidro, Candon City, Ilocos Sur
- 2nd Branch Office: February 2007 (NARVACAN)
Address: Santa Lucia, Narvacan, Ilocos Sur
- 3rd Branch Office: March 2009 (SAN EMILIO)
Address: Cabaroan, San Emilio, Ilocos Sur
- 4th Branch Office: April 12, 2011 (SAN FERNANDO)
Address: Brgy II, San Fernando, La Union
- 5th Branch Office: November 5, 2012 (ROSARIO)
Address: Friendship Commercial Bldg., Rosario, La Union
BRANCHES
(As of 12-31-2012) (As of 12-31-2011) (Increase)
Total Assets 376,292,786.19 - 232,267,046.77 = 144,025,739.42
Loan Portfolio 281,199,370.14 - 176,106,688.63 = 105,092,681.51
Share Capital 45,137,652.77 - 27,649,436.87 = 17,488,215.90
Total Deposits 221,130,632.73 - 132,444,608.52 = 88,686,024.21
Total Investments 4,513,213.13 - 2,803,124.28 = 1,705,088.85
Net Worth 52,141,671.87 - 33,462,354.01 = 18,679,317.86
Gross Income 53,732,882.86 - 43,038,076.71 = 10,694,805.55
Net Surplus 6,111,570.21 - 4,378,722.67 = 1,732,847.54
Number of Members 11,562 - 7142 = 4420
Organizational Profile
119,127,253.92
145,707,783.80
190,351,831.21
232,159,763.66
376,292,786.19
0.00
50,000,000.00
100,000,000.00
150,000,000.00
200,000,000.00
250,000,000.00
300,000,000.00
350,000,000.00
400,000,000.00
Total Assets
2008 2009 2010 2011 2012
87,550,073.48
110,987,219.40
153,260,927.64
175,999,405.52
281,199,370.14
0.00
50,000,000.00
100,000,000.00
150,000,000.00
200,000,000.00
250,000,000.00
300,000,000.00
Loans Receivables
2008 2009 2010 2011 2012
14,468,570.69
16,987,140.53
21,862,859.05
27,649,436.87
45,137,652.77
0.00
5,000,000.00
10,000,000.00
15,000,000.00
20,000,000.00
25,000,000.00
30,000,000.00
35,000,000.00
40,000,000.00
45,000,000.00
50,000,000.00
Paid-Up Share Capital
2008 2009 2010 2011 2012
2,159,955.88
2,476,057.37
3,004,657.72
4,378,722.67
6,111,570.21
0.00
1,000,000.00
2,000,000.00
3,000,000.00
4,000,000.00
5,000,000.00
6,000,000.00
7,000,000.00
Net Surplus
2008 2009 2010 2011 2012
SARANAY SAVINGS
• Interest Rate: 2%
• Maintaining Balance: P500.00
• Exclusively for saranay contributions only
• Time Deposit
TIME
DEPOSIT 3 mos. 6 mos. 9 mos. 12 mos.
10,000 to
99,999.99 7%p.a. 8%p.a. 9%p.a. 10%p.a.
100,000.00
and above 11%p.a 12%p.a. 13%p.a. 14%p.a.
SAVINGS PRODUCTS
LOAN PRODUCTS I- MICRO-FINANCE LOANS
A. Micro-finance (Business)
For small entrepreneurs who want to start their own business or improve their existing ones.
B. Micro-finance (Agricultural)
For farmers who want to engage in livelihood projects or
to finance their crop production costs.
LOAN PRODUCTS II. REGULAR LOANS
A. Business Loans For small and medium enterprises.
B. Agricultural Loans For farmers who want to finance
crop production, acquire farm implements or equipment, farm inputs, agricultural facilities.
LOAN PRODUCTS
C. Multi-Purpose Loans
For non-productive purposes
like house repair,
medical expenses,
educational expenses,
acquisition of appliances,
placement fees for abroad.
LOAN PRODUCTS III. Emergency Loan -for emergency expenses.
Amount: 5,000.00
Interest: 2%
Service Fee: 3%
Term: One (1) month only
IV. Jewelry Loan -pawn your jewelry for instant cash.
Charges: Interest - 1.5%
Service Fee - 1.5% 3%
Term: One Month Only
No. of years as member Amount of benefit
0 - 3 years 40,000.00
3 yrs. & 1 day - 6 years 70,000.00
6 yrs. & 1 day - 9 years 100,000.00
9 yrs. & 1 day - 12 years 130,000.00
12 yrs. & 1 day - 15 years 160,000.00
15 years and above 200,000.00
IV-Cooperative Health Care Program
Benefits:
- unlimited medical check-up
- Unlimited laboratory services and unlimited Diagnostic Procedures (X-ray, Ultrasound, ECG)
- hospitalization allowance of 15,000.00 per year
- surgical allowance up to 10,000.00 per year.
Officers and
Staff
MEMBERS OF THE BOARD
Benedicto B. Aquino CHAIRMAN
Marieta M. Saulan DIRECTOR
Mariano B. Rafael VICE CHAIRMAN
Abner E. Guilambo DIRECTOR
Guillermo B. Salibad DIRECTOR
Jaime D. Gaboy Jr. CEO
Bibiana U. Dumawa DIRECTOR
Romulo U. Sabongey DIRECTOR
Rey F. Tanglib SECRETARY
Committees
Credit Committee:
Benedicto B. Aquino
Chairman
Mariano B. Rafael
Member
Jaime D. Gaboy Jr.
Member
Audit Committee:
Emelinda V. Gorospe
Chairperson
Miriam P. Udayan
Member
Elliseo R. Lagasca
Member
Education Committee:
Mariano B. Rafael
Chairman
Rey F. Tanglib
Member
Jaime D. Gaboy Jr.
Member
Election Committee:
Josie M. Gabaon
Chairman
Imelda Alfonso
Member
Ronald R. Udayan
Member
HEAD OFFICE PERSONNEL
Jaime D. Gaboy Jr. Chief Executive Officer
VICTORIA A. GUILAMBO
Actg. Dept. Head
ROBERTO M. UMALOS Operations Dept. Head
REY F. TANGLIB
HR Dept. Head
JIMSON G. DAGSI
IT Dept. Head
CLAUDETTE S. MENDOZA
Treasury Dept. Head
MARIA THERESA G. VALDEZ
Compliance Dept. Head
Randy T. Tabuyo
Candon
Jaime D. Galanta Jr.
Narvacan
BRANCH MANAGERS
Garry A. Tan Rosario
Dennis V. Gagarin Galimuyod
Veronica C. Peralta San Fernando
. Leonides G. Sapioc San Emilio
COOPERATIVE HEALTHCARE CLINIC AND LABORATORY
COOPERATIVE HEALTHCARE CLINIC AND LABORATORY
COOPERATIVE HEALTHCARE CLINIC AND LABORATORY
COOPERATIVE HEALTHCARE CLINIC AND LABORATORY
COOPERATIVE HEALTHCARE CLINIC AND LABORATORY
In partnership with the Integrated Management Services, Inc., the
Sacred Heart Savings Cooperative conducted a Medical-Dental Mission on
November 30, 2010 at the Galimuyod Gymnasium intended for members of
the Cooperative.
MEDICAL-DENTAL MISSION
MEDICAL-DENTAL MISSION
The event was made even more
successful by the selfless participation
of the Doctors, Dentists and Nurses
who volunteered their services to tend
to the patients who turned up for the
event. Medicines were also made
available to them.
FEEDING PROGRAM: The
cooperative has
taken upon itself to
give back to the
community the good
blessings it has been
garnering through
the participation of
members for the last
several years and in
line with its core
value of social
responsibility and
community building,
a feeding program
has been launched
for a number of day
care centers in the
municipality of
Galimuyod..
It was started with 3 initial
daycare centers. The program
was officially launched in
barangay Oaig-Daya daycare
center with 8 recipients.
Calimugtong daycare center has
23 recipients and barangay
Nagsingcaoan day care center
with 15 recipients for a total of
46 initial recipients. The feeding
program will be brought to other
day care centers not only in
Galimuyod but in other
municipalities as well.
FEEDING PROGRAM:
ENVIRONMENT PROTECTION
In adherence to the worldwide call on environmental concern, the
staff of the Sacred Heart Savings cooperative conducted a tree planting
activity to conclude the ground breaking ceremony for the new office
building in Candon City.
The tree plating activity was held at the coop lot in Poblacion,
Galimuyod, Ilocos Sur on July 10, 2010.
ENVIRONMENT PROTECTION
COOP-NATCCO CAMPAIGN
COOP-NATCCO CAMPAIGN
ANNUAL GENERAL ASSEMBLY
ANNUAL GENERAL ASSEMBLY
ANNUAL GENERAL ASSEMBLY
As part the program, different parlor games are being played by the members
facilitated by the staff to make the program lively. Freebies were given to
members through a raffle draw.
Different presentations of the members were being performed and considered as
a contest.
Yearly Christmas gift such as ham, cakes, basket of fruits and bags
were distributed to officers and staff.
Team work is being practiced through playing the different parlor games.
The staff could show their talents on their presentations.
The way they dress make their presentation more attractive .
Different trainings for staff were set and provided to make them more competitive.
As an activity for the community, the cooperative participated
during fiestas by initiating Mutya ti Kooperatiba..
GALIMUYOD TOWN FIESTA INTER-AGENCY BASKETBALL TOURNAMENT
The cooperative also joined various tournaments. This showed their team work,
flexibility and sportsmanship.
GALIMUYOD TOWN FIESTA INTER-AGENCY BASKETBALL TOURNAMENT
GALIMUYOD TOWN FIESTA INTER-AGENCY BASKETBALL TOURNAMENT
2010 5th CDA Most Distinguished Award for Cooperatives
(Regional Level)
AWARDS AND RECOGNITIONS
AWARDS AND RECOGNITION
AWARDS AND RECOGNITION
2007 CDA 3rd Cooperative of the Year Awardee
(Provincial Level)
AWARDS AND RECOGNITION
2003 PCFC Awardee on High
Collection Rate and Low Past Due Rate
AWARDS AND RECOGNITION
2003 Awardee for Achieving the International Standard for DOSRI
Delinquency of 0% PAR