1. July 18, 2011 as approved by the
Cooperative Development Authority

2. A cooperative an autonomous and duly
registered association of persons, with a common
bond of interest, who have voluntarily joined
together to achieve their social, economic, and
cultural needs and aspirations by making equitable
contributions to the capital required, patronizing
their products and services and accepting a fair
share of the risks and benefits of the undertaking
in accordance with universally accepted
cooperative principles.

3. •The main benefit is economic since members get a share of the
cooperative’s net surplus by patronizing its services. A certain % of the
net surplus is returned to the members after a period of one year usually
during the annual general assembly. It is called patronage refund.
•Patronage refund shall be distributed to the members in proportion to
their patronage to the services of the cooperative. The distribution shall
be in accordance with their cooperative policies based on the
cooperative law, the RA 9520. Through the patronage refund, members
are actually saving while using the services of the cooperative.
•Those who do not patronize the services of the cooperative are not
entitled to patronage refund, only the interest on their share capital
invested in the cooperative.

4. That the objectives and purposes for which this cooperative is formed are:
1.To encourage thrift and savings mobilization among the members for capital formation;
2.To create funds in order to grant loans for productive and providential purposes to its
members;
3.To promote the cooperative as a way of life for improving the social and economic well-
being of the people;
4.To undertake other activities for the effective and efficient implementation of the provisions
of the Cooperative Code.
5.To deposit operational fund to any commercial or cooperative banks and gain interest
based on the current prevailing interest rates
6.To invest any excess, unutilized funds including the General Reserved Fund in any gainful
investment sites such as but not limited to Commercial Banks, Cooperatives, Mutual Funds,
Government Guaranteed Placements like Treasury Bills, Special Deposit Accounts, etc.
7.To provide members with services such as bills paymentcell phone loading,
booking and ticketing, easy access to quality medicines and such other services that
members might need in the future.
4

5. •It serves as the training ground for its members in simple business
operation, democratic leadership and responsible citizenship.
•It offers opportunities to its member’s potential capabilities in productive
purposes which may redound to their material benefits and progress.
•It teaches its members self-discipline, self-reliance and other desirable
attitudes, which make every member a better individual and a better
member of society.

6. GENERAL ASSEMBLY
AUDIT BOARD OF ELECTION
COMMITTEE DIRECTORS COMMITTEE
SECRETARY
TREASURER
MED-CON ETHICS TRAINING OTHER
COMMITTEE COMMITTEE COMMITTEE COMMITTEE
MANAGEMENT
STAFF

7. Duties and Responsibilities of Committees
Election Committee
Implement election rules and guidelines duly approved by the General/Representative
Assembly.
Audit Committee
Review continuously and periodically the books of account and other financial records to
ensure that these are in accordance with the cooperative principles and generally accepted
accounting procedures.
Mediation and Conciliation Committee
Formulate and develop the Program and ensure that it is properly implemented.
Ethics Committee
Develop Code of Governance and Ethical Standards to be observed by the members, officers
and employees of the cooperative subject to the approval of the Board of Directors and
ratification of the General/Representative Assembly.
Credit Committee
Have the power to review all loan requests, determine whether or not a given loan would
benefit the applicant, and whether or not the security offered is sufficient and the terms
appropriates;
(NOTE: Election and Audit committee are elected by members while the rest are
appointed by BOD’s)

8. General Assembly
(ADEMC Members)
Board of Directors Audit Committee
Election Committee
Leigh Perez Froilan Beratio Tess Vaenzuela
Jane Aguila Rhoda Gorospe
Lina Abad
Raymond Tana Secretary Chairperson Treasurer
Treasurer Chairperson
Chairperson
Chairperson
Annie
Franklin Karell Aquino Dona Cabrera Hernandez Dang Salcedo Carrie Vallespin Evelyn Tarra
Rolly Davila Maricel De Asis
Edwin Perez Cadavicio Member Member Member Vice Chairperson Member
Vice Chairperson Secretary
Member
Vice Chairperson Secretary
Operation Team
Ferdinand
Arnel Barongan Jhun Bayrante Jojo Caranto Concepcion Jess Gadugdug
Member Member Member Member Member
Louie Habitan
Gen. Mgr.
Credit Committee Ethics Committee Education & Training Conciliation & Mediation
Jericho Betzy Tagle
Lota Reyes Tony Alinea Tonelada Bong Pimentel Supervisor
Chairperson Chairperson Vice Chairperson Chairperson
Lyndon
Ederlyn Guleng Lolit Catarig Reggie Zarzuela Enero Policarpio Rocky Casas Mercy Meriales Gina Cabral DelaPaz Ludy Villamin Leny Abanes Carmi Rivera
Secretary Vice Chairperson Secretary Vice Chairperson Secretary Member Secretary Vice Chairperson Staff Staff Staff

9. Duties and Responsibilities of a Member
a) Pay the installment of his share capital subscription as it falls due and to
participate in the capital build-up and savings mobilization of the Cooperative;
b) Patronize the Cooperative’s businesses and services;
c) Participate in the membership education programs;
d) Attend and participate in the deliberation of all matters taken during general
assembly meetings;
e) Observe and obey all lawful orders, decisions rules and regulations
adopted by the Board of Directors and the general assembly; and
f) Promote the goals and objectives of the Cooperative, the success of its
business, the welfare of its members and the cooperative movement in
general.

10. Rights of a Regular Member Entitled to Vote.
A member entitled to vote shall have the following rights:
a)Participate and vote on all matters deliberated upon during general
assembly meetings;
b)Seek any elective or appointive position, subject to the provisions of this By-
laws and the Philippines Cooperative Code of 2008;
c)Avail himself of the services of the Cooperative, subject to certain conditions
as may be prescribed by the Board of Directors;
d)Inspect and examine the books of accounts, the minutes books, the share
register, and other records of the Cooperative during office hours;
e)Participate in the continuing education and other training programs of the
cooperative; and
f)Such other rights and privileges as may be provided by the General
Assembly.

11. Withdrawal of a Member:
A member may, for any reason, withdraw his membership from the
Cooperative by giving a written notice to the Board of Directors at least thirty
(30) days prior the effectivity date of his termination. However, no member
shall be allowed to withdraw or terminate his membership during any period
in which he has any pending obligation with the Cooperative.
Expulsion of a Member:
A member may be terminated by a vote of the majority of all the members of the Board
of Directors for any of the following causes:
a)When he has not patronized any of the services of the Cooperative for an
unreasonable period of time as may be previously determined by the Board of Directors;
b)When he has continuously failed to comply with his obligations;
c)When he has violated any provision of this By-laws and the rules promulgated by the
Cooperative; and
d)For any act or omission injurious or prejudicial to the interest or the welfare of the
Cooperative.

12. 12

13. Special Express Loan is offered to members with insufficient capacity-to-pay in
the amount of Php5,000.00 payable in 6 months. PROVIDED, that the take
home pay is not less than ten percent (10%) of the basic pay after the
deduction of Special Express Loan.
13

14. Terms Interest Service Fee
1 Year to pay 0% 1%
2 Years to pay 9% 2%
COD 0% 2%

15. 1st Year Principal & Amortization* 2nd to 5th Year Principal &
Plans Amort.**
Principal Semi-Mo. Principal Semi-Mo.
Amort. Amort.
St. Francis 6,840.00 285.00 7,592.40 316.35
St. Paul 10,000.00 416.67 11,100.00 462.50
St. John 22,000.00 916.67 24,420.00 1,017.50
St. James 11,500.00 479.17 12,765.00 531.88
St. Jude 16,500.00 687.50 18,315.00 763.13
15

16. 16

18. Patronage Refund and Interest on Share Capital
Definition of terms:
Patronage Refund - shall refer to the amount returned to individual members
who patronize the goods and services of the cooperative in proportion to their
individual patronage.
Interest on Share Capital - Interest on Share Capital shall not exceed the
Rate of Return on Investment.
Total Average Share Month - shall refer to the sum total of the average
share month, which is determined by adding the monthly ending balances of
the member’s share capital and dividing the sum by twelve (12) months.

19.  All payments of interest and patronage refund must be made on the annual
general assembly or such other date after the calendar year as may be
determined by the Board of Directors.
 Total Patronage Refund to be returned to individual members who patronize
the goods and services shall not be less than 30% but not more than 66.67%.
 Interest on share capital shall not be less than 33.33% but not more than
70%.
 Patronage Refund for credit services = 50% of the allocation or 50% of the
interest paid for loans whichever is lower.
 Allocation of Patronage Refund for other services shall be determined by the
Board of Directors.

20. Statutory Reserve Fund
Reserve Fund – Ten percent (10%) of the net surplus. The reserve fund shall be used
for the stability of the Cooperative and to meet net losses in its operations.
Education and Training Fund – Five percent (5%) of the net surplus. Half of the
amount allocated to the education and training fund may be spent by the cooperative
for education and training purposes; while the other half may be remitted to a union or
federation of which the cooperative is a member.
Community Development Fund – Three percent (3%) shall be used for projects and
activities that will benefit the community where the cooperative operates.
Optional Fund – One percent (1%) shall be set aside for Optional Fund for land and
building fund, and any other necessary expenses

21. Month ACCUMULATED CS BALANCE AVERAGE SHARE
January 79,328,813.72 / 12 6,610,734.48
February 80,610,376.61 / 12 6,717,531.38
March 81,858,510.54 / 12 6,821,542.55
April 83,144,889.19 / 12 6,928,740.77
May 85,064,788.06 / 12 7,088,732.34
June 86,400,348.94 / 12 7,200,029.08
July 87,237,043.54 / 12 7,269,753.63
August 88,649,816.28 / 12 7,387,484.69
September 89,638,069.41 / 12 7,469,839.12
October 90,688,130.23 / 12 7,557,344.19
November 91,139,504.90 / 12 7,594,958.74
December 92,407,271.01 / 12 7,700,605.92
TOTAL AVERAGE SHARE 86,347,296.87
TOTAL EFFECTIVE SHARE @ P20/SHARE 4,317,364.84
Patronage Refund for credit services = 50% of the allocation and the other 50% is for
Interest on share capital
Allocation of Patronage Refund for other services shall be determined by the Board of
Directors.
21

22. Net Income: 12,559,634.80
Less Appropriations:
General Reserved Fund (10% x NI) 1,255,963.48
Education & Training (5% x NI) 627,981.74
Land & Building Fund (1% x NI) 125,596.35
Officers Bonus Payable (2% x NI) 251,192.70
2,260,734.26
Net Income To Be Distributed to Members 10,298,900.54
Allocations:
Patronage Refund (50% of net income to be distributed to members) 5,149,450.27
Dividend (50% of net income to be distributed to members) 5,149,450.27
10,298,900.54
Dividends Per Share ( 5,149,450.27 / 4,317,372.27 shares) 1.192

23. Month ACCUMULATED CS BALANCE AVERAGE SHARE
January 1,000.00 / 12 83.33
February 2,000.00 / 12 166.67
March 3,000.00 / 12 250.00
April 4,000.00 / 12 333.33
May 5,000.00 / 12 416.67
June 6,000.00 / 12 500.00
July 7,000.00 / 12 583.33
August 8,000.00 / 12 666.67
September 9,000.00 / 12 750.00
October 10,000.00 / 12 833.33
November 11,000.00 / 12 916.67
December 12,000.00 / 12 1,000.00
TOTAL AVERAGE SHARE 6,500.00
TOTAL EFFECTIVE SHARE @ P20/SHARE 325.00
Dividend (1.192 X 325 eff. Share) 387.40
Patronage Refund:
SLF Principal amount of P50,000.00 - interest rate = 9%
Interest from Loan = 4,500.00
Term - 12 months X 50%
Patronage Refund 2,250.00
Total Dividend and Patronage Refund due to Member 2,637.40
(Note: Patronage Refund may be vary depends on the Income)

24. Notes:
Re-structure is allowed for Express loan and SLF after 25% payment
deduction from the system.
Members can fully pay the remaining loan balance for Express loan, SLF ,
Computers loan, St. Peter Plan.
Service Fee
1% for Express loan
2% for SLF
Membership Fee
P20 for new members
P100 for re-members and Initial Share of P200
Bereavement Assistance – P10 per deceased immediate family members
and siblings. In-laws not allowed.
2K – from COOP for non member