TACEMPCO declares 24-Million total assets

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In its annual general assembly attended by 273 members comprising 70 per cent of the total membership, Tacurong City Employees Multi-Purpose Cooperative (TACEMPCO) declared that its total assets has gone up to P24.87 million at the end of 2013.

TACEMPCO Manager Shirley Fernandez, in her report presented during the 15th on March 29, said that the coop’s assets recorded an increase of P3.30 million compared to its 2012 assets of P21.57 million. Fernandez also reported that at the end of 2013, the coop recorded a net income of P2.36 million from its lending services, cash loans, and consumer services.

Aside from Fernandez, other officers and various committee chairpersons of the TACEMPCO also rendered their respective annual reports during the assembly.

TACEMPCO Chairperson Imelda Pamplona presided over the annual assembly and also rendered her report.

The impressive performance of TACEMPCO was commended by Cooperative Development Authority (CDA) Specialist Flora Castro who graced the event and gave inputs on how to improve more the operation of the coop.

Castro said that out of the more than 700 cooperatives in Sultan Kudarat registered to the CDA, there are only 90 that remained to be active and TACEMPCO is one of those active cooperatives.

Mayor Lina Montilla and City Councilor Benjamin Fajardo Jr., both present during the assembly, lauded the good standing of TACEMPCO in the cooperative circle. Both promised their all-out support to the future activities of the coop.

Another highlight of the assembly was the election of new set of officers for vacant positions. Newly-elected Board of Directors included Diana Guadalupe, Roger Arzagon and Radney Ganzon. Ms. Rudiliza Bello was elected as Audit Committee member, while Ms. Candy Leen Baulete and Ester Layam were reelected as members of the Election Committee.

The distribution of more than P1 million dividends on share capital and patronage refunds for the coop members also highlighted the whole-day activity. Various prizes were also given away during the raffle draw. The grand prize, a brand new refrigerator, was won by Leilani dela Cruz of the City Treasury Office. (LGU Tacurong Information)

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