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CBQP NEWSLETTER
COOPBANK’s 24-HOUR ATM ONLINE CASH JOINS NATIONLINK, BANCNET, MEGALINK & EXPRESSNET
On October 9, 2008, COOPBANK OF QUEZON PROVINCE recorded another milestone when it opened to the public the first COOPBANK ATM ONLINE CASH, joining the ranks of commercial banks, Bancnet, Expressnet and Megalink which provide ATM services to its over 7000 ATM cardholders. As an offering, Coopbank is giving away to the first 1,000 depositors a FREE one-year PhP 50,000.00 Personal Accident Insurance Coverage under CISP I-CARD from October 9, 2008 until it reached 1,000.00 depositors. To get a CBQP ATM Card, a depositor needs only P 1,000.00 as initial deposit and keep the account active with only P 100.00 maintaining balance.
COOPBANK introduces Cash In/Cash-Out Station thru its Electronic Fund Transfer (EFT) Terminal, a computer-based system used to perform financial transactions electronically connected to the Nationlink Network with the following features; Wire/Wireless, ATM-like security, Withdrawal/Reloading of Nationlink ATM/Cash Cards, Money Remittance, Loan/Payroll Disbursements, Loan Collections, Globe/Smart/Sun Airtime Reload, Bills Payment and more.
ACPC accredits CBQuezon
as CBAP Wholesaler
In line with Arroyo Administration’s Food Program dubbed as “ Pagkain sa Bawat Hapag”, the Department of Agriculture through ACPC’s Cooperative Bank Assistance Program (CBAP) undertook a consultation with Coop Bank’s for Luzon Group last June 25, 2008 at the Island of Boracay, Malay, Aklan. The meeting was a real treat and well attended affair by designated representatives, with our Chairman Jorge B. Vargas, General Manager Cecile de Guzman and Manager-Loans and Discount—Melvin Villasante joining. It was a successful exchange of ideas, spearheaded by ACPCs Deputy Executive Director, Mon Yedra.
The program aims to increase Coop Lending to the agricultural sector to the priority crops identified by the Department of Agriculture, specially rice and corn, which will at least address food scarcity and poverty issues. It was conceived to be implemented with the direst intervention of ACPC (the lead government agency) to improve organizational capacities through provision of institutional capacity building such as governance, management and human resource development.
To avail the facility, a Coop Bank can either apply as a Retailer, wherein it shall apply for a credit facility through working capital loan or a rediscounting facility with an accredited bank or as a CBAP-Wholesale Credit Provider, which shall primarily be responsible for the loan processing, documentation and release including receipts of collection borrowing under the program. ACPC shall identify and select its partner for the whole sale category, under a pre-determined risks sharing agreement. CBQP passed the accreditation criteria to act as the Wholesale Credit Provider for South Luzon for an initial credit line of PESOS: Fifty Million Only (P50,000,000.00).
To guarantee our exposures under the program, ACPC shall be providing us with hold-out deposit coverage for all releases made which shall be equivalent to 100%coverage of the loan principal of the borrower. We will in turn be giving the Fund Deposit an equivalent 4% interest, for a pass on interest rate of not more than 7% to target beneficiaries.
By Melvina Villasante
COOPBANK @17
More than 500 attendees clad in formal attire joined the momentous celebration of the 15th (Crystal) Foundation Anniversary of the COOPERATIVE BANK OF QUEZON PROVINCE on November 18, 2006 at King Franco and King Marcus halls of Queen Margarette Hotel, Brgy. Domoit, Lucena City.
Grand entrance of the Incumbent Directors, Officers, and Employees of COOPBANK followed the bountiful dinner and the program proper which formally started with the Doxology and the Philippine National Anthem rendered by the CBQP Choir.
CYSTAL AWARDEES composed of seven member-cooperatives and eight individual clients were given recognition for their steadfastpatronage of the Bank’s services through the years. They are: (1)Lopez Quezon Credit Cooperative, (2) St. Jude Multi Purpose Cooperative, (3) Ating Kooperatiba Multi-Purpose Cooperative, (4) San Luiz Development Cooperative, (5) Nimfa Macalalad, (6) PEARLS Multi-Purpose Cooperative, (7)Purificacion Cheung, (8) Flordeliza Llamas, (9)Merlina Alipon, (10) Severo Mancenido, (11) Flora Sarmiento, (12) Kooperatiba sa Pagpapaunlad ng Sampaloc Multi-Purpose Cooperative, (13) Evelyn Mercado, (14) SLPC Development Cooperative, and (15) Veneranda Layos. Loyalty Award was also given to Cecilia A. de Guzman for her 15 years of exemplary service to the Bank.
 
Upper left: GM Cecile received her loyalty award with Dir. Mendones, Mrs. Cacao and Chairman Vargas.Upper right: The crystal awardees.Below: The Coopbank Staff in their formal attire
Creative Ethnic Dance Contest
The Creative Ethnic Dance Contest highlighted the celebration of the Bank’s Crystal anniversary. There were seven competing groups namely: GROUP 1 – TANGLAW-SUGNAYON, endorsed by SLPC Development Cooperative- Lucban, Quezon with Federico Ceribo as Choreographer; GROUP 2 – PUP BALINTATAW, endorsed by St. Dominic Multi-Purpose Cooperative - Unisan, Quezon with Butch Alanes as Choreographer; GROUP 3 - LAKBAY-TEATRO endorsed by San Luis Development Cooperative - Lucban, Quezon with Juancho Babista as Choreographer; GROUP 4 – QCI PERFORMING ARTS ENSEMBLE, endorsed by Banal na Krus Kooperatiba sa Pagpapaunlad -Quezon, Quezon with Cyril Tañada as Choreographer; GROUP 5
– THE TRIVAL WARRIORS, endorsed by
Project Tangkilik Multi-Purpose Cooperative - Real, Quezon with Clark Ruidera as Choreographer; GROUP 6 – TRIBU NI SAN HUDAS TADEO, endorsed by St. Jude Multi-Purpose Cooperative - Lucena City with Nemesio Llorin as Choreographer; and GROUP 7 – GNHS FOLKLORIC DANCE TROUPE, endorsed by Dominus Tecum Multi-Purpose Cooperative - Gumaca, Quezon with Annette Diamante as Choreographer. The winners are as follows: 2nd Runner-up – GROUP 1 – TANGLAW-SUGNAYON; 1st Runner-up – GROUP 3 – LAKBAY-TEATRO; and Champion – GROUP 7 – GNHS FOLKLORIC DANCE TROUPE. Special Award – GROUP 4 – QCI PERFORMING ARTS ENSEBLE. The three Judges were: (1) Ms. GINA D. SARAHAN – Chairperson of the Culture and Arts Society,Philippine Normal University – Lopez Branch, Lopez, Quezon; (2) Ms. ARLENE P. CARMONA, Assistant Professor IV, and (3) Mr. DARIOS O VIRREY, Associate Professor, both from the College of Education, Physical Education Department of Manuel S. Enverga University Foundation, Lucena City.
Champion – from GNHS the Folkloric Dance Troupe
1st Runner-up - Lakbay-Teatro
2nd Runner-up - Tanglaw –Sugnayon
THE judges:
CBQP ELECTIONS 2007
In view of the upcoming Election of Board of Directors to be held during the Bank 16th General Assembly the acceptance of nominees is on or before March 14, 2007. Documentary requirements are as follows:
1.Board Resolution indicating therein the name
of the official representative/candidate;
2. Duly notarized Certificate of Candidacy;
3. Accomplished Biographical Data prescribed by the Bangko Sentral ng Pilipinas;
4. Certificate of bank related trainings;
5. Nomination Form with
two (2) pcs. 2x2 recent photo;
6. College Diploma;
7. Copy of Court Dismissal, if with record of case but already dismissed;
8. Certificate of employment (latest)
9. Police Clearance;
10. Court Clearance;
11. Authority for Background Investigation (with pro-forma)
12. Certificate of Completion in Corporate Governance Seminar.
TSS-BMBP Grand Raffle Draw Winners
Tulungang ang Sariling Sumulong thru Mag-impok sa Bangko Program (TSS-BMBP) a saving mobilization program of the bank was launched at Lopez, Quezon inFebruary 2005. Nine months thereafter the first draw was held on Nov. 18, 2005 at Lucena City Branch, and succeedings weekly draws was held at the Head Office Lucena City. After forty– eight (48) weekly draws, a grand raffle draw was held on November 18, 2006 which coincided with the Bank’s 15th Crystal Founding anniversary at Lucena City Branch (MFOB). The draw was witnessed by TSS-BMBP members, micro-finance beneficiaries and regular depositors. The grand raffle draw winner are as follows:
ACCOUNT NUMBER/NAME |
TSS-DEPOSIT |
% |
CASH PRIZES |
1st PRIZE |
a/c# - 03340 RHODA ADRIENTE
Brgy. Talolong Lopez, Quezon
Solicitor/Collector: Gumaca Branch |
P275.00 |
45.83% |
P22,915.00 |
2nd PRIZE |
a/c# - 00406 FLORDELIZA SANGA
6 Nandres St., Lucena City
Solicitor/Collector: Head Office-Central |
P600.00 |
100% |
P25,000.00 |
3rd PRIZE |
a/c# - 03318 ERLINDA LAGUATAN
Villanueva St., Lopez Quezon
Solicitor/Collector: Gumaca Branch |
P300.00 |
50.80% |
P7,620.00 |
4th PRIZE |
a/c# - 00424 CARLOS ARANILLA
20 M.H. del Pilar St., Lucena City
Solicitor/ Collector: Head Office-Central |
P600.00 |
100% |
P5,000.00 |
5th PRIZE |
a/c# - 00708 ERLINDA PLATA
1116 Escueta St., San Antonio Binan, Laguna
Solicitor/ Collector: Head Office-Central |
P600.00 |
100% |
P5,000.00 |
COOPBANK RAISES STAKE IN MICRO LENDING - Part 1
by: BM Abelle F. Ruedas
The past years external economic environment has been truly challenging, thus the bank to meet the challenge has to redefine is facing the challenges squarely by define what kind of financial institution is called for to be a truly relevant partner in countryside development. Survive as a viable business in playing a major role in closing the ever-widening gap between these two realities of our society by daring to move ahead as a strong player non-traditional financing (micro finance).
CBQP has joined in providing micro credits facilities to our entrepreneurial poorest family. It also aims at making credit and other banking services accessible to the working and entrepreneurial poor.
Micro Finance has proved to be one of the most powerful engines in the global effort to end the crushing poverty that deprives hundreds of millions of the world’s people of sustenance and hope. Micro Finance is based on the idea that if you give a poor person a very small loan for use in a self-employment venture, he will get an amazing return on his investment. The borrower will not only work to end his poverty, but they will also improve the life of his family and strengthen the community.
Micro Finance program has given our beneficiaries the opportunity to lift themselves out of poverty altogether. The increases in household income allow borrowers to have greater supplies of more nutritious food to their families, to educate their children and improve their houses.
ACCOMPLISHMENT HIGHLIGHTS OF CBQP IN THE LAST FIFTEEN (15) YEARS - Part 1
by: Dir. Palermo C. Salvacion Chairman, MPAS Committee
A famous poet once said, “ All things bright and wonderful, the LORD GOD made them all !”
The founding date of the Cooperative Bank of Quezon Province (CBQP) seems to substantiate this poetic line. Great things almost always start from humble beginnings. From this year’s theme: “FIFTEEN YEARS OF CRYSTAL BANKING,” may be gleaned the yearly highlights of CBQP’s accomplishments from its foundation in Lucena City, to wit:
1991 – Twenty enterprising cooperatives pooled their
resources together, thus founding the Cooperative Bank of Quezon Province (CBQP), on November 18, 1991 with a modest starting capital amounting to P1.25 Million, existence of the Bank being formalized by virtue of a Certificate of Registration No. QC-012-FCB, dated November 14, 1991 and Certificate of Authority, dated October 21, 1991 issued by the Cooperative Development Authority (CDA) and the Bangko Sentral ng Pilipinas (BSO), respectively.
1992 – After barely two months of bank operation, the Bank was already generating deposits of P215 Million, and almost doubling the number of its common stockholders from 20 to 36 member-cooperatives.
1993 – With the Bank geared on to increase the number of its investors and to enhance capital build-up, the first ever Miss Coopbank was held in 1993, which helped increase the number of common stockholders from 36 to 53 member-cooperatives, thereby increasing the Bank’s capital base.
1994 – strengthening the Bank’s image has been in focus in 1994. Thru the initiative of Atty. Jorge B. Vargas, the Sangguniang Panlalawigan, under Resolution No. 104, approved the expansion of bank premises up to the land adjacent to its present location. Then a three-storey building was constructed via its CDLF loan of P2 Million from CDA.
1995 – On July 03, 1995, CBQP Gumaca Branch was opened in an office space rented by the Bank, located at Bonifacio St., Gumaca, Quezon, with seven (7) employees. This first branch contributed much growth on the overall operation of the Bank and new common stockholders and clients came to patronize its services as it gained much popularity in the area and nearby municipalities.
COOP HURRAYS!!!
Patterned after an old cliché, to say ‘ Honor begets Honor’ would also hold true as the bank’s member-coops bagged awards in the most coveted Gawad sa Pinaka-tanging Kooperatiba (Gawad Pitak), conducted yearly by the LBP.
This year, two member-coops of the Bank again brought home bacons! St. Jude Multi Purpose Cooperative(SJMPC) a pioneer Member of the bank, is Hall of Fame, Non Agricultural Cooperative awardee, being the recipient of the said award for three consecutive years from 2003 to 2005. Quezon Medical Mission Group-Hospital and Health services Cooperative (QMMG-HHSC), on the other hand is Outstanding Institution – Based Cooperative awardee.
Both cooperatives have consistently demonstrated their undiminished zeal in their espousal of cooperativism and in the pursuit of various cooperative undertakings. Their sustained adherence for excellence in whatever project they trains their eyes on, coupled with re-inventing processes and methodologies that bring about the best in their cooperative endeavors, put them on the forefront as model cooperatives.
By: Erlene
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