First Landmark Credit Cooperative

24/11/2023

Happy 76th Birthday Chairman!🥂🍩
Cheers to more years po! Godspeed.

24/01/2023

Good day!

FIRST LANDMARK IS NOW ACCEPTING APPLICANTS 📣

Interested applicants may send their resume on the following details below or you may apply personally at First Landmark Credit Cooperative Office located at Stall No. 4 NETA Building, Mabini Street, Barangay Sangitan West, Cabanatuan City

Landmark: Gilid ng Police Provincial Headquarters, katabi ng Chua Dental Clinic, baba ng Pards Gym

See you! 🙂

27/12/2022

First Landmark Credit Cooperative
Hiring po kami!!!

21/12/2022

20/09/2022

Happy Birthday to these wonderful people behind First Landmark Credit Cooperative's success: Manager Lorielei Cabuhat Roque Vilar, and Secretary VW Col. Ambrocio Palolan Jr. Enjoy your day!

From your FLCC Family!

29/08/2022

https://www.newyorker.com/business/currency/how-mondragon-became-the-worlds-largest-co-op

In Spain, an industrial-sized conglomerate owned by its workers suggests an alternative future for capitalism.

23/08/2022

Banks remained the preferred formal institution for saving money by a third of those with savings, followed by cooperatives and microfinance institutions.

MANILA – More than half of the country’s adult population now owns a financial account, according to the results of the Bangko Sentral ng Pilipinas (BSP) 2021 Financial Inclusion Survey (FIS). The survey results showed that account ownership surged to 56 percent in 2021, up from 29...

14/08/2022

With most of their target markets living below the poverty line, many nongovernment organizations and cooperatives saw the need to offer insurance services that protected their member-clients from a deeper descent into poverty when affected by sickness or other types of risk events. While some of the institutions partnered with licensed insurance providers, many others carried the insurance risk informally, which was deemed by financial regulators (Bangko Sentral ng Pilipinas [the central bank of the Philippines] and the Insurance Commission) as a risk to both the public and the institutions themselves.

To stem the proliferation of informal insurance, in 2006, the Insurance Commission issued a groundbreaking circular that defined microinsurance, identified the essential features of a
microinsurance policy, and lowered the initial guarantee fund requirements of a mutual benefit association (MBA) wholly engaged in microinsurance. This resulted in the formation of a few microinsurance MBAs, but it did not significantly reduce informal insurance activity. Mounting concern prompted the issuance of three joint circulars by the Insurance Commission, the Co-operative Development Authority, and the Securities and Exchange Commission in 2010 and 2011, which called on all organizations engaged in informal insurance-like activities to formalize, either by partnering with an existing insurance provider or by securing a certificate of authority as a microinsurance risk-carrier (such as a microinsurance MBA).

https://www.adb.org/sites/default/files/publication/226171/assessment-microinsurance-service.pdf

13/08/2022

The NSFI 2022-2028 at a glance

The new NSFI will serve as a six-year blueprint to achieve the vision of driving financial inclusion toward broad-based growth and financial resilience. It defines four desired outcomes as pathways to the vision and upon which performance of the strategy should be measured.

https://www.bsp.gov.ph/Pages/InclusiveFinance/NSFI-2022-2028.pdf

13/08/2022

MANILA – President Rodrigo Duterte has signed into law a measure making the position of a Cooperatives Development Officer (CDO) mandatory in all local government units (LGUs).

Signed by Duterte on April 9, Republic Act 11535 amends RA 7160, otherwise known as the Local Government Code of 1991.

Under RA 11535, the municipal, city, and provincial levels will all be required to appoint a CDO who will be in charge of assisting promising groups and sectors in organizing and forming their own cooperatives.

CDOs will also bridge regional cooperatives with the Cooperative Development Authority and other national government agencies to help them harmonize their goals with the national cooperative movement.

MANILA – President Rodrigo Duterte has signed into law a measure making the position of a Cooperatives Development Officer (CDO) mandatory in all local government units (LGUs).Signed by Duterte on April 9, Republic Act 11535 amends RA 7160, otherwise known as the Local Government Code of...