COOPERATIVE TESTIMONIES - Claveria Grassroots Cooperative

CDA Philippines

22 Dec 202204:19

Summary

TLDRThe video script celebrates Cooperative Month, highlighting the significant role of Cooperative Development Authority (CDA) in supporting grassroots cooperatives in the Philippines. It acknowledges the CDA's technical assistance, regulatory relief during the COVID-19 pandemic, and the successful referendum for a 50-year renewal of the cooperative's existence. The script emphasizes the partnership between the CDA and cooperatives, crucial for their mutual success and community support, especially in challenging times.

Takeaways

🎉 The Cooperative movement in the Philippines has been celebrated for over 100 years, impacting every corner of the country and enriching the lives of Filipinos, especially those in rural areas.
📈 The Cooperative Development Authority (CDA) was established to provide technical and financial assistance to grassroots multipurpose cooperatives, promoting their development and propagation.
👩‍💼 The CDA, under the leadership of Regional Director Atty. Franco Bauang Jr., has been instrumental in guiding cooperatives through policy formulation and adjustment in line with existing laws and regulations.
🏆 The CDA's examination and inspection teams have been recognized for their contributions to the achievement of cooperative goals and objectives, offering valuable opinions and recommendations.
📚 The cooperative's articles of cooperation and bylaws are now fully aligned with the CDA's Public Act number 9520, ensuring compliance with regulations.
🌐 During the COVID-19 pandemic, the CDA provided regulatory relief to cooperatives, including extensions for compliance reports and the renewal of certificates, as well as penalty oratoriums.
💰 The CDA allowed cooperatives to access funds, including the optional fund for calamity assistance, demonstrating support for members and communities in difficult times.
🗳️ The CDA facilitated the first-ever referendum for the cooperative, which took place over five days in September 2021, leading to the approval of annual budgets and development plans.
🔄 The referendum resulted in the renewal of the cooperative's existence for another 50 years, starting from August 6, 2022, signifying long-term stability and growth.
🤝 The CDA and the cooperative have established a strong partnership, with the CDA being a pivotal instrument for the success of the cooperative's operations for years to come.
🙏 The speaker expresses gratitude to God for the success of the cooperative and looks forward to continued glory and celebration of Cooperative Month.

Q & A

What is the significance of celebrating Cooperative Month in the Philippines?
-The celebration of Cooperative Month in the Philippines highlights the importance of the Cooperative movement, which has been pervasive for over 100 years and has enriched the lives of Filipinos, particularly those in rural areas.
How does the government intervene in the cooperative sector in the Philippines?
-The government provides broader intervention to regulate, stimulate, and promote the propagation and development of cooperatives as partners for change, which led to the establishment of the Cooperative Development Authority (CDA).
What role does the CDA play in supporting cooperatives?
-The CDA provides technical and financial assistance to grassroots multipurpose cooperatives and helps them align with existing laws and regulations through consultation and deliberation.
Who is the leader of the CDA extension office mentioned in the script?
-The CDA extension office is under the leadership of Regional Director Attorney Franco Bawang Jr.
How did the CDA assist cooperatives during the COVID-19 pandemic?
-During the COVID-19 pandemic, the CDA provided timely interventions such as issuing memorandum circulars for regulatory relief, extending deadlines for compliance reports, and offering penalty moratoriums.
What is the significance of Public Act number 9520 in the context of cooperatives?
-Public Act number 9520 is a law that the cooperatives must align with, and it outlines the regulations and guidelines that cooperatives must follow for their operations and governance.
What is the importance of the referendum conducted by the CDA in September 2021?
-The referendum was significant as it allowed the cooperative to approve its annual budget, developmental plans, and programs, and more importantly, it resulted in the renewal of the cooperative's existence for another 50 years.
How does the script describe the relationship between the CDA and the cooperatives?
-The script describes the relationship between the CDA and the cooperatives as more than a partnership, with the CDA being a pivotal instrument for the success of the cooperative's operations.
What is the term used in the script to describe the CDA's approach to assisting cooperatives?
-The CDA's approach is described as 'intelligent, passionate, approachable, and friendly'.
What is the script's perspective on the importance of cooperatives during difficult times like the COVID-19 pandemic?
-The script emphasizes that cooperatives are of great support to their members and the community, not only in the best times but more importantly during difficult times, such as the global health crisis.
What is the cooperative's view on the CDA's assistance in the formulation and adjustment of policies and procedures?
-The cooperative offers a salute to the CDA for their assistance in the formulation and adjustment of policies and procedures, stating that the CDA's opinions and recommendations have been great factors in achieving their goals and objectives.

Outlines

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🎉 Cooperative Development and Celebration

This paragraph discusses the history and impact of the Cooperative movement in the Philippines, which has been around for over a century and has significantly enriched the lives of Filipinos, particularly in rural areas. The government's role in regulating and promoting cooperatives is highlighted, with a special mention of the Cooperative Development Authority (CDA). The CDA provides technical and financial assistance to grassroots cooperatives and has been instrumental in policy formulation and adjustment. The paragraph also acknowledges the CDA's support during the COVID-19 pandemic, including regulatory relief and the use of funds for calamity assistance, emphasizing the cooperative's role in difficult times.

🏆 Recognition of CDA's Efforts and Cooperative Resilience

The paragraph continues to commend the CDA for its contributions to the cooperative sector, including the conduct of a referendum and general assembly meetings that led to the approval of annual budgets, development plans, and the renewal of the cooperative's existence for another 50 years starting August 6, 2022. The CDA's assistance in these processes is recognized, and the cooperative's partnership with the CDA is celebrated as a key to achieving mutual goals and objectives. The paragraph concludes by reiterating the importance of the CDA's ongoing support for the cooperative's success in the future.

Mindmap

Keywords

💡Cooperative movement

The cooperative movement refers to the historical development and spread of cooperative enterprises, which are member-owned and operated for mutual benefit. In the video's context, it highlights the growth of cooperatives in the Philippines over the past century, emphasizing their pervasive influence and the enrichment they bring to Filipinos, particularly in rural areas.

💡Cooperative Development Authority (CDA)

The CDA is a government body responsible for providing technical and financial assistance to grassroots multipurpose cooperatives. The video underscores the CDA's role in regulation, promotion, and development of cooperatives, illustrating its importance through the support provided to the cooperative in question, including policy formulation and adjustment in compliance with existing laws and regulations.

💡Technical and financial assistance

This term describes the support provided by the CDA to cooperatives, which includes technical guidance and financial aid. The video mentions this assistance as a critical factor in the growth and sustainability of cooperatives, with the CDA's officers and staff offering a friendly and approachable service to ensure cooperatives thrive.

💡Regulatory relief

Regulatory relief refers to measures taken by a regulatory authority to ease the compliance burden on entities during challenging times. In the script, it is mentioned that during the COVID-19 pandemic, the CDA provided such relief to cooperatives by issuing memorandum circulars, which helped in the timely submission of compliance reports and renewal of certificates, among other benefits.

💡Certificate of compliance

A certificate of compliance is a document issued to entities that meet certain regulatory standards. The video script indicates that the CDA facilitated the renewal of this certificate for cooperatives, which is a part of the regulatory framework ensuring that cooperatives operate within the legal boundaries set by the CDA.

💡Memorandum circulars

Memorandum circulars are official documents issued by government agencies like the CDA to communicate policies, guidelines, or changes in regulations. In the video, these circulars are highlighted as a means of providing regulatory relief and guidance to cooperatives during the pandemic.

💡Calamity assistance

Calamity assistance refers to financial or other forms of support provided to individuals or groups affected by disasters or crises. The video script commends the CDA for allowing cooperatives to utilize funds for calamity assistance, demonstrating the cooperatives' commitment to supporting their members and communities during difficult times, such as the COVID-19 pandemic.

💡Referendum

A referendum is a direct vote in which the entire electorate is invited to vote on a particular proposal. The video describes the first-ever referendum conducted by the cooperative, which lasted for five days in September 2021, resulting in the approval of annual budgets, development plans, and the renewal of the cooperative's existence for another 50 years.

💡General Assembly meetings

General Assembly meetings are gatherings of the members of an organization to discuss and make decisions on various issues. The video mentions these meetings as a platform for the cooperative to engage with its members, leading to the approval of important decisions and plans, including the renewal of the cooperative's existence.

💡Public Act number 9520

This act refers to a specific legislation in the Philippines that governs the operation of cooperatives. The video script notes that the cooperative's articles of cooperation and bylaws are now fully aligned with this public act, indicating compliance with the legal framework and the cooperative's commitment to operate within the law.

💡Cooperative month celebration

The Cooperative Month celebration is an event that honors and promotes the importance of cooperatives. The video concludes with a salute to this celebration, emphasizing the cooperative's role in the community and the collective achievements made possible through the support of the CDA and the cooperative's members.

Highlights

The Cooperative movement in the Philippines has been pervasive for over 100 years.

Cooperatives have enriched the lives of Filipinos, particularly in rural areas.

The government intervened to regulate and promote the development of Cooperatives.

The Cooperative Development Authority (CDA) was established to support Cooperatives.

CDA provides technical and financial assistance to grassroots multipurpose Cooperatives.

Regional Director Franco Bawang Jr. leads the CDA's extension office.

CDA assists in policy and procedure formulation in accordance with laws and regulations.

CDA's examination and inspection teams have been instrumental in achieving Cooperative goals.

Cooperatives' articles of cooperation and bylaws are now aligned with Public Act number 9520.

During the COVID-19 pandemic, CDA provided regulatory relief for Cooperatives.

Cooperatives were allowed to utilize funds for calamity assistance during difficult times.

The CDA aided in conducting the first-ever referendum for a Cooperative in September 2021.

The referendum resulted in the approval of annual budgets and development plans.

The Cooperative's existence was renewed for another 50 years starting August 6, 2022.

The CDA and Cooperatives have established a partnership for mutual goals and objectives.

The CDA is a pivotal instrument for the success and operation of the Cooperative.

A celebration of Cooperative month is declared to honor the contributions of Cooperatives.