Tagum Cooperative Explained

Tagum Cooperative
Type:Savings and Credit Cooperative
Foundation:Tagum City, Philippines (1967)
Location:Dalisay Gante Road, Magugpo West Tagum City, Philippines
Key People:Juris D. Perez, CPA, MBA (CEO)
JANET T. MATUGUINAS, CPA, DBA (BOD Chairperson)
Industry:Finance and Insurance
Products:Financial services
Homepage:https://www.tagumcooperative.coop

Tagum Cooperative is one of the largest cooperatives in Mindanao, Philippines as it is classified by the Cooperative Development Authority (CDA) of the Philippines as a large cooperative . It is composed of over 117, 000 members as of June 2015 coming from Tagum City, Davao del Norte and towns and cities throughout Region XI and in CARAGA region.

History

It was branded a Finance Organization achieving Certified Credit Union Standards (FOCCUS) in the year 2000 by the World Council of Credit Unions (WOCCU), based in the United States of America (USA), through its outreaching- cooperative program office in the Philippines, popularly known as the Credit Union Empowerment and Strengthening (CUES)- Philippines.

Cooperative highlights and financial standing

Financial Performance
Account DescriptionYear 2013[1] Year 2012[2] Increase/(Decrease) % of Movement
Cooperative AssetsPHP2.25 BillionPHP1.81 Billion
Loan PortfolioPHP1.72 BillionPHP1.39 Billion
Members DepositsPHP1.05 BillionPHP862 Million
Members Share CapitalPHP755 MillionPHP625 Million
Net Surplus PHP200.7 MillionPHP168 Million
Delinquency Rate8.30%
Members99,80783,378

Affiliations

Cooperative service networks

Main office

Its main office is located along Dalisay Road, Magugpo West, Tagum City

Notes and References

  1. News: Tagum Coop posts 20 percent growth. Sun Star Davao.
  2. News: Tagum Coop offers loans to businessmen members. Edge Davao. March 11, 2014.
  3. Web site: Members of the NATCCO Family. National Confederation of Cooperative (NATCCO).
  4. News: AWCF concludes GE Project--Co-ops continue gender journey, submits "Call for Action". Asian Women in Co-operative Development Forum.