RECEMPCO

20/12/2018

A happy holiday season to all...🌲

01/07/2016

RECEMPCO Declares 4% Mid-year Members' Welfare Benefit (Dividend) In its Joint Board and Officers' meeting held last June 28, 2016 , the RECEMPCO board of directors decided to grant a 4% return on the members' average share capital for the period covering January to June 2016. The mid-year windfall will be charged to the coop's budget for members' welfare. Translated to a layperson's simple computation, a member who has a 10K average share capital for the six-month period will receive 400ps dividend; 100k will have 4K dividend. The earning is tax free, and much higher than what banks give which is less than 1% per annum, subject to tax. The dividend will be directly deposited to the savings deposits of members and the latter will have the option to withdraw the amount or let it stay either as a share capital or savings deposit. The coop, however, is encouraging the members not to withdraw the entire amount so that their investment will grow. After all, the primary purpose of RECEMPCO is to help build the financial independence and stability of the member-owners of the cooperative. SO, FOR THE STILL UNDECIDED NON-MEMBERS, WHY PLACE YOUR MONEY IN YOUR WALLETS OR IN BANKS WHEN YOU CAN HELP YOURSELVES AND YOUR FELLOW COMELEC EMPLOYEES BY JOINING RECEMPCO? JOIN NA!! NOW NA!! Please feel free to contact me or our staff Ethel and Shane (09173307268) for info.

10/08/2014

RECEMPCO Conducts Mid-Year Evaluation, Grants 4.4% Member’s Benefit

RECEMPCO hied off to Sabin Resort Hotel in Ormoc City last August 1, 2014 to evaluate the performance of the coop for the first half of its operations in 2014.

Aside from the General Manager’s report on the state of the coop, Committee Reports from Credit, Election, Audit and Delinquency were also presented and analyzed. Suggestions were offered as enhancements to the report format/presentation by year-end. After a thorough discussion of the coop’s half of the year performance, a Joint Board of Directors and Officers meeting ensued where foremost among the agenda was the granting of member’s benefit. Traditionally given immediately the month after the sixth month of operation, the Board agreed to grant a 4.4% benefit to all

10/08/2014

Like a GOLDMINE at 9!!!

We are just going 9, but our assets and services are a goldmine - to our members! In less than 9 years we have grown steadily in assets and services.

Team RECEMPCO ... over the years:

Date Organized 15 April 2005
Date Registered 17 June 2005 (CDA Tac - 3094)
No.of Original Members 27 (24 Regulars and 3 Associates)
Initial Share Capital PhP 15,000.00
Reached PhP 1M Assets 31 March 2006

By age 10, we expect to reach the 100 Million-Assets mark!!!

Help build your future through cooperation through RECEMPCO. How?

First -Save! Save! Save! Money begets money. Save regularly, earnestly and continuously. Nobody but you must save for your future.

Second - Borrow from RECEMPCO and Invest! Invest! Invest! Use wisely the money you save in RECEMPCO. Borrow and invest in productive ventures and projects.

Be an active partner in making RECEMPCO help build our future. You can be an officer... and an active volunteer... or a committed member. TODAY!

10/08/2014

RECEMPCO Conducts Compliance Seminar on Financial Management
Posted on July 14, 2014

RECEMPCO Officers and Staff attended a three-day Compliance Seminar on Financial Management for Cooperative Officers.

In accordance with Cooperative Development Authority Memorandum Circular 2011-14 and in relation to Section 5, Rule 7 of the Internal Revenue Ruling and Article 44 of Republic Act 9520, the seminar was held at the Asia Stars Hotel and Sal’s Restaurant in Tacloban City on June 16-18, 2014.

The seminar which was ably facilitated by Ms. Daisybelle M. Cabal, Head of the Education, Training and Consultancy Group of the National Confederation of Cooperatives (NATCCO) had the following objectives: (1) Understand the basic/key concepts of cooperative financial management; (2)Know the basic elements of financial policies; (3) Interpret and analyze the Financial Statements of the cooperative. In addition, the seminar was also aimed at teaching the basics of budgeting as well as investment & banking.

01/04/2014

31/03/2014

HAppy Birthday to Dir. Jose Nick Mendros!

28/03/2014

Front page of RECEMPCO's souvenir program during its 1st AGA. RECEMPCO reached its million mark in assets barely 4 months from its inception.

27/03/2014

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26/03/2014

DEVELOPMENT TARGETS for 2014

Membership
Regular - 220
Region I - 20
Region II - 20
Region III - 25
Region IV - 25
NCR - 15
Main - 20
CAR - 10
Region V - 15
Region VI - 15
Region VII - 5
Region VIII- 10
Region IX - 5
Region X - 10
Region XI - 5
Region XII - 5
CARAGA - 5
ARMM - 5
Region VII - 5
Associate - 30
KABS - 30

Capital Build-Up - PhP 10M
Savings Deposit - PhP 300T
Time Deposit - PhP 3M
Kiddie Savings - PhP 250T
Loan Services - PhP 80M
Interests on Loan- PhP 9.6M
Capital Outlay - PhP 400T
ROI - 15%

26/03/2014

MESSAGES of COMELEC Chairman Sixto S. Brillantes, Jr., RECEMPCO Chairman Jose Nick Mendros and RECEMPCO pillar Adolfo A. Ibanez on the occasion of RECEMPCOS's 2014 AGA

24/03/2014

With Chairman Sixto S. Brillantes, Jr.