Tagum Cooperative
From Wikipedia, the free encyclopedia
Company typeSavings and Credit Cooperative
IndustryFinance and Insurance
FoundedTagum City, Philippines (1967)
HeadquartersDalisay Gante Road, Magugpo West Tagum City, Philippines
 | |
| Company type | Savings and Credit Cooperative |
|---|---|
| Industry | Finance and Insurance |
| Founded | Tagum City, Philippines (1967) |
| Headquarters | Dalisay Gante Road, Magugpo West Tagum City, Philippines |
Key people | Juris D. Perez, CPA, MBA (CEO) JANET T. MATUGUINAS, CPA, DBA (BOD Chairperson) |
| Products | Financial services |
| Website | 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.
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 Description | Year 2013[1][2] | Year 2012[2] | Increase/(Decrease) | % of Movement |
| Cooperative Assets | PHP2.25 Billion | PHP1.81 Billion | ||
| Loan Portfolio | PHP1.72 Billion | PHP1.39 Billion | ||
| Members Deposits | PHP1.05 Billion | PHP862 Million | ||
| Members Share Capital | PHP755 Million | PHP625 Million | ||
| Net Surplus | PHP200.7 Million | PHP168 Million | ||
| Delinquency Rate | 8.30% | |||
| Members | 99,807 | 83,378 | ||