Tagum Cooperative strengthened both its financial and credit management through a two-day seminar on August 23 and 24 at TC Function Hall.
Officers and some of the Expanded Management Team underwent the intensive seminar duly facilitated by Ms. Daisybelle “Bing” Cabal and Ms. Maribel Gulay-Isidro of the National Confederation of Cooperatives (NATCCO) Training and Consultancy Group.
This is to further improve and strengthen their know-hows on the Cooperative financial and credit aspects.
A CDA-required training, Financial and Credit Management went back on the basics of managing finances and loans in the Cooperative which play vital role in running the business.
The seminar mainly points to the Savings and Credit business, the top business line of Tagum Coop which contributes about 82 % to its annual net income in 2015.
Savings and Credit Group (SCG) covers all loan products and savings advocacies availed and patronized by some 70 thousand Tagum Coop members all throughout the 11 branches.
In the seminar, Ms. Cabal engaged the participants to various group activities mostly problem solving that stirred their knowledge and skills on how to effectively act upon financial concerns such as on Assets, liquidity, net capital, and the likes.
She also lauded Tagum Coop for its current financial status while recommending some areas to be improved so that full trust of members is gained.
As of July, the Assets of Tagum Coop was pegged at some P 3.8 Billion while share capital and savings deposit reached billions as well.
The NATCCO Training and Consultancy Group Head further challenged the officers and management personnel to work on and continue the good performance. (Tagum Cooperative)