Share, Earn and Save the Cooperative Way

Transcription

1 Sandigan Ng OFW Multi-Purpose Cooperative (SOMPC) - A perfect Cooperative for all migrant workers and expatriates ONE OFW Family - ONE OFW Business Vision Working Together as ONE OFW Family with ONE OFW Business Mission Continuous Knowledge Sharing and Team Building in Service to ONE OFW Family Tayo na, Sama na Sa SOMPC! Sundo Hatid, Credit.... Funds, Stocks Investment Marketing, Services Share, guide, empower and support to discover, develop skills and lead find your strength & talents! Description Sandigan Ng OFW Multi-Purpose Cooperative is an association of OFW's with a common bond of interest, who voluntarily joined together for the purpose of engaging in lawful business undertakings in preparation for our retirement or returning back to the Philippines for good. If you want something done do it yourself by Robert Owen Coming Together is the Beginning, Keeping in touch is Progress, Working Together is Success by Henry Ford WE communicate, practice coop principles and transact online to provide services to our Members! Unit 25K One Gateway Place Pioneer St., Mandaluyong City, Philippines 1552 Telephone no : SandiganDirectors@yahoogroups.com 2: SandiganOFWMPC@groups.facebook.com For Visitors, visit us: Facebook Sandigan For Members, visit us: Facebook - Sandigan Ng OFW Multi-Purpose Cooperative Share, Earn and Save the Cooperative Way Sandigan ng OFW Multi-Purpose Cooperative (SOMPC) CDA Registration:

2 Pre-Membership Orientation on Cooperatives (PMOC) of Sandigan ng OFW Multi- Purpose Cooperative (SOMPC) Visit us in Facebook Sandigan Contact Us: Training Education Committee Part I Cooperative 1. What is a cooperative? A cooperative is a duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable to contribution to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principle. By forming a cooperative you pool money, human resources and talent to build capital and work together to produce more goods and raise incomes. Through cooperatives, you can look for the other sources of loans at low interest rates of borrowing form informal lenders or users. The cooperative can also be a mechanism for marketing your produce. 2. What are the Principles of Cooperatives? 1) Voluntarism. Membership is voluntary and is not restricted by social, political or religious discrimination. Anyone who meets the qualifications set by a cooperative's bylaws can be a member if he willingly shoulders their responsibility. 2) Democracy. Cooperatives are democratic organizations with officers and managers elected or appointed in a manner agreed on by members. Each member, no matter the amount of his share, is entitled to one vote. 3) Limitation of share capital interest. Interest on a member share capital is limited so that no person, especially those with money, can have an overwhelming equity in the cooperative. This prevents the domination of the cooperative's affairs by wealthy members at the expense of poorer members and the organization as whole. 4) Sharing allocation of cooperative s surplus or savings. Distribution of surplus is done equitably so that no member gains at the expense of another. Surplus is, by decision of the members, used for developing the cooperative's business interests, providing common services to members in proportion to their transactions with the cooperatives. 5) Makes provision for the education and training of cooperatives members, officers and employees, and of the general public in the principles and techniques of cooperation. 6) Promotion of cooperation between cooperatives at local, national and international levels. 7) Concern for community by working for its sustainable development, through policies approved by the cooperative members. Membership Meeting in Al Khobar KSA 3. What are the Kinds of Cooperative? 1) Credit Cooperative - promotes thrift and savings among its members and creates funds in order to grant loans for productivity; 2) Consumer Cooperative - the primary purpose is to procure and distribute commodities to member and nonmembers; 3) Producers Cooperative - undertakes joint production whether agricultural or industrial; 4) Service Cooperative - engages in medical, and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication and other services; and 5) Multi-Purpose Cooperative - combines two (2) or more of the business activities of these different types of cooperatives. 6) Marketing Cooperative is one which engages in the supply of production inputs to members and markets their products; 7) Advocacy Cooperative is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented projects, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries; 8) Agrarian Reform Cooperative is one organized by marginal farmers majority of which are agrarian reform beneficiaries for the purpose of developing an appropriate system of land tenure, land development, land consolidation or land management in areas covered by agrarian reform; 9) Cooperative Bank is one organized for the primary purpose of providing a wide range of financial services to cooperatives and their members; 10) Dairy Cooperative is one whose members are engaged in the production of fresh milk which may be processed and/or marketed as dairy products; 11) Education Cooperative is one organized for the primary purpose of owning and operating licensed educational institutions notwithstanding the provisions of Republic

3 Act No. 9155, otherwise known as the Governance of Basic Education Act of 2001; 12) Electric Cooperative is one organized for the primary purposed of undertaking power generations, utilizing renewable energy sources, including hybrid systems, acquisition and operation of sub transmission or distribution to its household members; 13) Financial Service Cooperative is one organized for the primary purpose of engaging in savings and credit services and other financial services; 14) Fishermen Cooperative is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products 15) Health Services Cooperative is one organized for the primary purpose of providing medical, dental and other health services 16) Housing Cooperative is one organized to assist or provide access to housing for the benefit of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members 17) Insurance Cooperative is one engaged in the business of insuring life and poverty of cooperatives and their members 18) Transport Cooperative is one which includes land and sea transportation, limited to small vessels, as defined or classified under the Philippine maritime laws, organized under the provisions of this Code 19) Water Service Cooperative is one organized to own, operate and manage waters systems for the provision and distribution of potable water for its members and their households 20) Workers Cooperative is one organized by workers, including the self-employed, who are at same time the members and owners of the enterprise. Its principal purpose is to provide employment and business opportunities to its members and manage it in accordance with cooperative principles 21) Other types of cooperative as may be determined by the Authority 4. What are the Categories of Cooperative? A. In terms of membership, a. Primary: The members of which are natural persons; b. Secondary: The members of which are primaries; and c. Tertiary: The members of which are secondary s upward to one (1) or more apex organizations. Those cooperative the members of which are cooperatives shall be known as federations or unions, as the case may be; and B. In terms of territory, cooperatives shall be categorized according to areas of operations which may or may not coincide with the political subdivisions of the country. 5. What are the kinds of Members in a Cooperative? Regular member who is entitled to all the rights and privileged of membership as stated in the Cooperative Code and the coops bylaws. Associate member who has no right to vote and to be voted upon, and is entitled to such rights and privileged provided by the cooperatives by laws. 6. What are Powers and Capacities of a Registered Cooperative? (1) To sue and be sued in its cooperative name; (2) Of succession; (3) To amend its articles of cooperation in accordance with the provisions of this code; (4) To adopt by-laws not contrary to law, morals or public policy, and to amend and repeal the same in accordance with this Code; (5) To purchase, receive, take or grant, hold, convey, sell, lease, pledge, mortgage, and otherwise deal with such real and personal property as the transaction of the lawful affairs of the cooperative may reasonably and necessarily require, subject to the limitations prescribed by law and the Constitution; (6) To enter into division, merger or consolidation, as provided in this Code; (7) To join federations or unions, as provided in this Code; (8) To accept and receive grants, donations and assistance from foreign and domestic sources; and (9) To exercise such other powers granted in this Code or necessary to carry out its purpose or purposes as stated in its articles of cooperation. 7. What are the Privileges of a Registered Cooperative? (1) Enjoy the privilege of depositing their sealed cash boxes or containers, documents or any valuables papers in the sale of the municipal or city treasurers and other government offices free of charge, and the custodian of such articles shall issue a receipt acknowledging the articles received duly witnessed by another person; (2) Cooperatives organized among government employees, notwithstanding any law or regulation to the contrary, shall enjoy the free use of any available space in their agency, whether owned or rented by the Government. (3) Cooperatives rendering special types of services and facilities such as cold storage, ice plant, electricity, transportation, and similar services and facilities shall secure a franchise therefore, and such cooperatives shall open their membership to all persons qualified in their areas of operation; (4) In areas where appropriate cooperatives exist, the preferential right to supply government institutions and agencies rice, corn and other grains, fish and other marine products, meat, eggs, milk, vegetables, tobacco and other agricultural commodities produced by their own members shall be granted to the cooperatives concerned; (5) Preferential treatment in the allocation of fertilizers and in rice distribution shall be granted to cooperatives by the appropriate government agencies; (6) Preferential and equitable treatment in the allocation or control of bottomries of commercial shipping vessels in connections with the shipment of goods and products of cooperatives; (7) Cooperatives and their federations, such as market vendor cooperatives, shall have preferential rights in management of public markets and/or lease of public market facilities, stall or spaces; (8) Credit cooperatives and/or federations shall be entitled to loans, credit liens, rediscounting of their loan notes, and

4 other eligible papers with the Development Bank of the Philippines, the Philippine National Bank, the Land Bank of the Philippines, and other financial institutions except the Central Bank of the Philippines; (9) Cooperatives transacting business with the Government of the Philippines or any of its political subdivisions or any of its agencies or instrumentalities, including government-owned and controlled corporations shall be exempt from pre-qualification bidding requirements; and (10) Cooperatives shall enjoy the privilege of being represented by the provincial or city fiscal or the Office of the Solicitor General, free of charge, except when the adverse party is the Republic of the Philippines. 8. What is the Term of a Registered Cooperative? A cooperative shall exist for a period not exceeding fifty (50) years from the date of registration unless sooner dissolved. It may be extended for periods not exceeding fifty (50) years in any single instance. 9. What is a Cooperative By-Laws? By- laws are the set of rules that determine how a cooperative is to be run without confusion, which include provisions on membership, rights and obligations of members, shares of interest, rules and procedures governing meetings, voting system, general conduct of affairs of the cooperative, handling net surpluses, accounting and auditing systems, manner of adopting, amending, repealing and abrogating by-laws, conciliation or mediation mechanism, and other matters pertaining to the purpose and activities of the cooperative. 10. What is an Article of Cooperation? The Article of Cooperation is a duly notarized document that legally binds all the signatories in the formation of a cooperative. It contains the name of the cooperative, purpose and scope of business, term of existence, common bond of membership, list of names of directors who shall manage the cooperative, and amount of share capital by the cooperators. 11. What is an Economic Survey? An economic survey is a general statement describing the structure, purpose, economic feasibility of the cooperative, area of operation, size of membership and other pertinent data. 12. What is the Legal Basis for Cooperatives? Republic Act No (R.A.6938), an Act to Ordain a Cooperative Code of the Philippines. 13. What is the Authorized Agency to Register Cooperatives? Cooperative Development Authority (CDA) is the only authorized agency to register cooperatives. CDA was created under Republic Act No (R.A. 6939) to promote the viability and growth of cooperatives as instruments of equity, social justice and economic development. PART II SANDIGAN NG OFW MULTI-PURPOSE CO- OPERATIVE (SOMPC) 1] What is Sandigan ng OFW Multi-Purpose Cooperative? It is a multi-purpose cooperative whose primary objective is to engage in businesses that will serve the needs primarily of its members and their families. Originally registered with CDA on December 12, 2007, with registration H Under the revised new CDA R.A with Registration No ] What is the Vision of Sandigan? Working Together as ONE OFW Family with ONE OFW Business 3] What is the Mission of Sandigan? Continuous Knowledge Sharing and Team Building in service to ONE OFW Family 4] What are its Primary Goals/Objectives? A) Utilize the Information Technology (IT) with borderless Socio- Economic Partnership 1) Actively participate the government and other organizations local and International to promote cooperatives as practical means towards sustainable socio-economic development under a truly trust and democratic society; 2) Online Transactions - open and timeless Communications; 3) Archive and retrieval of Sandigan data thru cyber space storage B) Invest, Own, Manage Businesses Controlled by the OFW Members 1) Develop a dynamic savings mobilization and capital build-up to sustain cooperative development activities and long term investments ensuring optimum economic benefits to the members and their families and general public; 2) Establish local producers with a sustainable & competitive marketing 3) Create local and international business outlets of coop products C) Provide technical support to the next OFW Members generations 1) Continuous Trainings - IT, Ethics, Technical, Business & Coop Seminars 2) Develop solid succession of the Sandigan Co-operative Management 3) Create Sandigan Foundation and support the Sandigan adapted Community 5] What are its secondary objectives? a. To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a practical means towards sustainable socio-economic development under a truly just and democratic society; b. To develop the knowledge of the members on the principles and practices of cooperatives to enable them to actively and competently participate in managing the affairs of the Cooperative; c. To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activities and long -term investments, thereby ensuring optimum economic benefits to the members, their families and the general public; d. To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interests of the members; and e. To adopt such other plans as may help foster the welfare of the members, their families and the community. 6] What type of membership does Sandigan have? Regular membership. 7] What are the qualifications for membership? The regular membership of this Cooperative is open to any natural person, Filipino citizen, of legal age, with capacity to contract, and has the following qualifications: a) Completed the prescribed pre-membership orientation on cooperatives and Sandigan ng OFW Multi-Purpose Cooperative; b) Undertake to uphold the By-laws, policies, guidelines, rules and regulations promulgated by the Board of Directors and the general assembly; and c) Current or former overseas Filipino worker (OFW); or

5 d) Spouse's), children, parents, or siblings of a current OFW member 8] What is the procedure in applying for membership? The applicant for membership shall file a duly accomplished form with the Board of Directors who shall accept or deny it within thirty (30) days from the date of filing. No application for membership shall be given due course if not accompanied with a membership fee of One Thousand Pesos (P1,000) which shall be refunded to the applicant in case of rejection. 1) Attend the PMES or fully understand the PMOC 2) Fill the Application Form 3) the Form to SandiganDirectors@yahoogroup.com 4) BOD will approved the membership, Non-approval will be returned in 1 month and any paid amount paid will be reimbursed. 5) Pay cash to Treasurer or online to Sandigan A/C, contact the Treasure, request for the Payment OR# 9] What is the minimum share capital subscription? An applicant for regular membership shall subscribe at least four (04) Common shares and pay the value of at least one (01) shares upon approval of his membership. No member shall own or hold more than twenty percent (10%) of the total subscribed share capital of the Cooperative., summary: 1) Min Subscribe Shares = 4 Shares (1 Share = 1,000 Php) 2) Payment upon membership = 1 share (min. share equal to 25% of Subs. Shares) 3) Balance unpaid subscribe shares payable in 01 Year 4) Maximum Subscribe Shares = 10% of the Total Subs Shares Capital of Sandigan Example ( Members shares subscription): Min. Shares Subs (01) + Membership Fee = 1,500 Ph Full Shares Subs (04) + Membership Fee = 4,500 Ph 10] What is the minimum payment required once the application for membership is approved? Equivalent of 25% of subscribed share at Php1, per share plus the membership application fee of Php ] What are the duties and responsibilities of a members? a) Pay the installment of his share capital subscription as it falls due and to participate in the capital build-up and savings mobilization activities of the Cooperative; b) Patronize the Cooperative s businesses and services; c) Participate in the membership education programs; d) Attend and participate in the deliberation of all matters taken during general assembly meetings; e) Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of Directors and the general assembly; and f) Promote the goals and objectives of the Cooperative, the success of its business, the welfare of its members and the cooperative movement in general. 12] Who are entitled to vote? Any regular member who meets the following conditions is a member entitled to one vote: a) Paid the membership fee and the value of at least twentyfive (25) % of member s subscribed shares; b) Not delinquent in the payment of his share capital subscriptions and other accounts or obligations; c) Not violated any provision of this 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; d) Completed pre-membership orientation on cooperatives and SOMPC prescribed by the Board of Directors. 13] What are the rights of a regular member entitled to vote? a) Participate and vote on all matters deliberated upon during general assembly meetings; b) Seek any elective or appointive position, subject to the provisions of this By-laws and the Cooperative Code of the Philippines; c) Avail himself of the services of the Cooperative, subject to certain conditions as may be prescribed by the Board of Directors; d) Inspect and examine the books of accounts, the minutes books, the share register, and other records of the Cooperative during office hours; and e) Such other rights and privileges as may be provided by the General Assembly. 14] What is the liability of members? A member shall be liable for the debts of the Cooperative only to the extent of his subscribed share capital 15] How is membership terminated? Termination of membership may be automatic, voluntary or involuntary. Automatic termination of membership results from death, insanity, permanent incapacity or judicial declaration by a competent court of the insolvency of a member. Voluntary termination results from a withdrawal of a member s membership from the cooperative by giving a 60-day notice to the Board of Directors. However, no member shall be allowed to withdraw or terminate within one year of his membership and when he/she has any pending obligation with the Cooperative. Involuntary termination results from a vote of the majority of all the members of the Board of Directors for any of the following causes: a) When the member has not patronized the services/ businesses of the Cooperative for more than one year; b) When the member has continuously failed to comply with his obligations; c) When the member has violated any provision of this Bylaws and the rules promulgated by the Cooperative; and d) For any act or omission injurious or prejudicial to the interest or the welfare of the Cooperative 16] How does a terminated member refund his/her share capital contribution? A member whose membership is terminated shall be entitled to a refund of his share capital contribution and all other interests minus any pending obligation with the Cooperative, subject to the availability of cash and commitment of funds or cash flow towards previously approved projects of investments by the Cooperative. In case of automatic termination, such share capital contribution and all other interests in the Cooperative shall be refunded to the beneficiaries listed on the membership application form approved by the members of the Board of Directors. However, such refund shall not be made if upon payment the value of the assets of the Cooperative would be less than the aggregate amount of its debts and liabilities exclusive of his share capital contribution. In which case, the terminated member shall continue to be entitled to the interest of his share

6 capital contributions, patronage refund and the use of the services of the Cooperative until such time that all his interests in the Cooperative shall have been fully paid. Upon the acceptance of his withdrawal or approval of his termination, however, he loses his right to attend, participate and vote in any meeting of the Board of Directors or the general assembly. 17. SOMPC Organization 1] General Assembly The general assembly is composed of all the members entitled to vote and is the highest governing-body of the Cooperative. Powers of the General Assembly a) To adopt and amend its Articles of Cooperation and By -laws, in accordance with law; b) To elect, appoint or remove for cause any member of the board of directors, officer or committee member of the Cooperative; c) To review, modify, reject or approve developmental plans and programs of the Cooperative; d) To review and pass upon the reports of the Board of Directors, Officers and committees; e) To review, modify, reject or approve any substantial change in the financial and operational policies of the Cooperative; f) To adopt a Cooperative seal; and exercise all other powers as may be authorized by law and the Constitution 2] Board of Directors The conduct and management of the affairs of the Cooperative shall be vested in the Board of Directors which shall be composed of seven (7) members. Powers and Duties of the Board The Board of Directors shall direct, control and supervise the business, manage the property of the Cooperative and may, by resolution, exercise all such powers of the Cooperative as are not reserved for the general assembly under the SOMPC By-laws and the Cooperative Code of the Philippines 3] Committees Audit Committee. The Committee shall provide internal audit service, maintain a complete record of its examination and inventory, and submit an audited financial report quarterly or as may be required by the Board and the general assembly. Election Committee. The committee shall promulgate rules and regulations which shall govern the conduct of elections; pass upon the qualifications of candidates; supervise the conduct of elections, canvass and certify in writing the returns; proclaim the winning candidates; and hear and decide all election protests. Education and Training Committee. The committee shall be responsible for the planning and implementation of the information, educational and human resource development programs of the Cooperative for its members, officers and the communities within its area of operation. Conciliation Committee. The Conciliation Committee shall be responsible for reconciling, hearing and deciding all intra-cooperative disputes between and/or among members, officers, directors and the community. Credit Committee. The Credit Committee shall be responsible for the credit management of the cooperative. It shall process, evaluate and act upon loan application and withdrawal of deposits, except when the applicant is a member of the committee, in which case, the application shall be acted upon by the Board of Directors. Additionally, the committee shall exercise general supervision including collection of all loans to members 4] Officers of the SOMPC The cooperative shall have a Chairman, Vice-Chairman, Treasurer and a Secretary who shall serve according to the functions of their respective offices as follows: The Chairman shall: a) Preside over all meetings of the Cooperative and of the Board of Directors; b) Sign all share certificates, revolving fund certificates, contracts and other instruments or papers essential to the operations of the Cooperative; and c) Perform such other necessary functions, subject to the restrictions which may be imposed by the Board of Directors or the General Assembly The Vice-Chairman, in the absence or incapacity of the Chairman, shall discharge the duties and responsibilities of the Chairman; provided, however, that in case of death, resignation, removal or permanent incapacity of the Chairman, the Board of Directors may elect a new Chairman. The Vice-Chairman of the Board shall serve as ex-officio chairman of the Education and Training Committee. The Treasurer shall: a) Take custody of all monies, securities and papers acquired by the Cooperative, and maintain a complete records of all its transactions; b) Keep a complete record of its cash transactions for the establishment of proof of his cash position at any given time and date; c) Pay all financial obligations incurred by the Cooperative as approved by the Manager and/or Board of Directors; d) Render report and certify the correctness of the cash position of the Cooperative in all financial statements and other reports submitted to the Board of Directors, the general assembly and

7 the Cooperative Development Authority; e) Turn over to his successor all monies, securities, papers, books and other properties belonging to the Cooperative in his possession upon the expiration/termination of his term of office; f) Act as Secretary in case of the latter s absence or incapacity to perform his duties; and g) Perform such other duties as the Board of Directors may prescribe. The Secretary shall: a) Keep and maintain a complete registry of all members and records/minutes of all meetings of the Board of Directors and the General Assembly; b) Give notice of all meetings called; c) Keep and maintain the Share and Transfer book and serve as the custodian of the corporate seal of the Cooperative; d) Turn over to his successor all books, records and other properties belonging to the Cooperative in his possession upon the expiration/termination of his term of office; and e) Act as Treasurer in case of the latter s absence or inability to perform his duties; and perform such other duties as the Board of Directors may prescribe. Directors, officers and committee members, who willfully and knowingly vote for or assent to patently unlawful acts, or who are guilty of gross negligence or bad faith in directing the affairs of the Cooperative or acquire any personal or pecuniary interest in conflict with their duties as directors, officers or committee members shall be liable jointly and severally for all damages resulting there from to the Cooperative, members and other persons. e. Management Staff are appointed by the Board of Directors who shall also fix their compensation and tenure of office. No management staff with relationship up to the third civil degree of consanguity or affinity to any member of Board of Directors or Officers shall be appointed or hired. What happens if a member wants to transfer/sell his shares? The Cooperative shall have the first option to buy any share offered for sale. If the Cooperative is not in a position or refuses to purchase such shares, the member shall have the right to sell them to any person eligible for membership in the Cooperative. A member may transfer his shares if: 1) He has held such shares or interest for at least one year; 2) The transfer is made to a member of the Cooperative or to a person who falls within the field of membership of the Cooperative, and that said person is acceptable to the cooperative; and 3) The Board has approved such transfer. How is net surplus allocated and distributed? The BOD, as approved by the General Assembly, shall allocated and distribute its net surplus as follows: 10% = Reserve Fund ( stability and losses of cooperative) 10% (max) = Trng & Educ Fund (50% for apex cooperative) 3% (min) = Community Fund (projects or activities) 7% (max) = Optional Fund (equip, land and building, etc.) 70% = Interest on Share Capital and Patronage Refund. How is interest on share capital and patronage refund distributed to members? The remaining net surplus shall be made available to the members in the form of interest on share capital not to exceed the normal rate of return on investments prescribed by law, and patronage refunds. The sum allocated for patronage refund shall be made available at the same rate to all patrons of the Cooperative in proportion to their individual patronage. The payment of interest on share capital and patronage refund shall be further subject to the following rules: 1) The interest on share capital and patronage refund of a member with fully paid share capital shall be paid to him in cash or at his option be credited to his account as additional share capital; 2) The interest on share capital and patronage refund of a member with unpaid share capital subscription shall be credited to his account as payment of his unpaid subscriptions until the same shall have been fully paid. free share value. What are the current Members Activities and Business Investment of Sandigan? Members-Get-Members: Members who registered 10 new members will be credited 1 Credit/Loan Operations: Members will have patronage refund and can avail up to 80% of his/her paid up capital with 1.5% diminishing interest per month. Asset Investment: Sandigan invested 1,125, Php in PNBig short term investment and Stocks Investment portfolio. Sandigan-Members Partnership: Open to any Members who want to be partner with Sandigan contact the Business Development Committee. Sandigan is currently studying the top 3 business proposals Hatid-Sundo, Bullilit Gas Station, Marketing and Services all in partnership with the members implementation to start in 1st quarter of 2013 or earlier. Is there any Cooperative, Business, Technical Seminars Program by Sandigan? Yes, the Training and Education Committee have a program to conduct regular sessions of trainings and seminars contact the Training and Education Committee When can the Members get their Share Interest and Patronage Refund? During the Fiscal Year General Assembly Meeting held every December or within 3 month before April of the following year contact the BOD Secretary or any Sandigan Officers. How can Members help Sandigan to succeed in its goals and objectives? Be an active Member and get involve to the Sandigan activities. Uphold the Sandigan Vision, Mission, practice the Coop Spirit, Principles and Practices and above all patronize the Sandigan business Products and Services.. Learn, Share and Earn the Cooperative way! Visit us now in

8