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DATA PH

GAD Corner

NTRC EMPLOYEES' CREDIT COOPERATIVE (NECCO)

HISTORY

            Prior to its registration the selected National Tax Research Center (NTRC) officials and employees conceptualized and bind themselves together to organize a cooperative for their own mutual benefits. Named as NTRC Employees’ Credit Cooperative, Inc. (NECCO), the cooperative was registered with the Cooperative Development Authority (CDA) on May 26, 1992 (with Registration/Confirmation No. F-122-0-33), pursuant to Republic Act (RA) No. 6938 (approved on March 10, 1990) otherwise known as the “Cooperative Code of the Philippines.” Among others, the cooperative aims to encourage thrift and savings mobilization among the members and generate funds and extend credit to them for productive and provident purposes, and thereby promote and advance their economic, social and educational status. It started operation with an authorized share capital (ASC) of PhP200,000.00. With the exhaustion of the PhP200,000 ASC and the transfer of NTRC office, the NECCO submitted in March 2007 to the CDA amendments in the Articles of Cooperation and By-Laws (ACBL), changing the principal office of the cooperative from Railroad St. cor. 20th St., Port Area, Manila to Harbor Centre II, 23rd Street corner Delgado Street, Port Area, Manila; and increasing the ASC to PhP5 million (i.e., PhP1 million, preferred; and PhP4 million, common). When RA 9520 (known as the “Philippine Cooperative Code of 2008”) was enacted on February 17, 2009, the CDA required all cooperatives to re-register and amend their ACBL within the context of the new RA. In compliance thereof, the NECCO was registered with CDA under Reg. No. 9520-16014982; and its ACBL were amended and submitted to the CDA on July 21, 2015. The amendments include, among others, the increase in the ASC to PhP10 million (i.e., PhP1 million, preferred; and PhP9 million, common).   

MISSION

            To provide loans and other financial services with fairness, transparency, and efficiency; and strengthen the spirit of cooperation, involvement, and social transformation of members.

VISION

            To ensure that NECCO remains to be self-reliant, stable, dynamic, and most trusted and valued credit cooperative among its members, responsive to the socio-economic needs of its members.

The Organization

 

NECCO’s Board of Directors, Committees, and Staff

 

Board of Directors

 

Dir. Jason P. Raposas
Chairperson

 

Dir. Debbie F. Asistio-Sy
Vice-Chairperson & Education and Training Committee Chair

 

Dir. Jonah P. Tibubos

Member

Membership Committee Chair

 

Dir. Mark Lester L. Aure
Member

 

Dir. Nedinia B. Mendiola
Member

Audit Committee

 

Margarita G. Aure

Chairperson

 

Anna Catherine V. Revilles

Member

 

Celestino M. dela Cruz

Member

Credit Committee

 

Lolita O. Nerona

Chairperson

 

Roselyn C. Domo

Member

 

Fe Q. Almoninia

Member

Ethics Committee

 

Eva Marie T. Nejar

Chairperson

 

Cecilia V. Salvatierra

Member

 

 _______________

Member

Mediation and Conciliation Committee

 

Ma. Berlie L. Amurao

Chairperson

 

Florescinda Mae C. Napa

Member

 

 ______________

Member

Other Officers & Staff (Volunteers/Part-time)

Marcelino B. Obias, Jr.

General Manager

Marilou D. Vilog

Treasurer

Florida J. Jurado

Secretary

                                                                                                          

Venchito P. Salvador

Loan Officer

Milagros G. Alvarez

Book Keeper

Rita B. Par

Cashier

ORGANIZATIONAL STRUCTURE

NECCO

 

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