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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

Jason P. Raposas

Chairperson

Mark Lester L. Aure

Vice Chairperson

Emelita A. Tena

Member

Monica G. Rempillo

Member

Jonah P. Tibubos

Member

Marilou D. Vilog

Treasurer

 Marilou S. Banzon

Secretary

Audit Committee

Cecilia V. Salvatierra

Chairperson

Edrei Y. Udaundo

Member 

 Aileen Juana G. Antigua

Member

Election Committee

Jocet Consisa R. Pabilona

Chairperson

Lilian S. Flores

Member

Credit Committee

Lolita O. Nerona

Chairperson

Fe Q. Almoninia

Member

Celestino M. Dela Cruz

 Member

Education Committee

 Mark Lester L. Aure

Chairperson

___________________

Member

___________________

Member

 

Mediation and Conciliation Committee

Ma. Berlie L. Amurao

Chairperson

Roselyn C. Domo

Member

Jun V. Ocol

Member

 

Membership / Withdrawal Committee

Emelita A. Tena

Chairperson

___________________

Member

___________________

Member

Ethics Committee

Eva Marie T. Nejar

Chairperson

Grace A. Manalo

Member

Leo Paul A. Marcellana

Member

GAD Committee

Ma. Rhea L. Caro

Chairperson

Marlene L. Calubag

Member

Ronnel Yambao

Member

General ManagerMarcelino B. Obias, Jr.

Other Officers & Staff (Volunteers/Part-time)

Marry-Jean V. Yasol

Accountant

Venchito P. Salvador

Loan Officer

Milagros G. Alvarez

Bookkeeper

Rita B. Par

Cashier


ORGANIZATIONAL STRUCTURE

NECCO

 

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