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. 20^th 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

Atty. Jason P. Raposas Chairperson

Roselyn C. Domo Vice Chairperson

Ma. Berlie L. Amurao Member

Ronnel L. Yambao Member

Jun V. Ocol Member

Arden Mar S. Llanto Treasurer

Marilou S. Banzon Secretary

Audit Committee

Atty. Lianne Carmeli B. Fronteras Chairperson

Atty. Donald Jay E. Moralejo Member

Aileen Juana G. Antigua Member

Election Committee

Madonna Claire V. Aguilar Chairperson

Phoebe Jane E. Orijola Member

Perlita V. Yumul Member

Credit Committee

Lolita O. Nerona Chairperson

Fe Q. Almoninia Member

Celestino M. Dela Cruz  Member

Education and Membership Committee

Roselyn C. Domo Chairperson

Eva Marie N. Pelayo Member

Michael Angelo T. Tiu Member

Mediation and Conciliation Committee

Analiza G. Berja Chairperson

Maureen Nicole N. Locquiao Member

Dindo Fernando E. Antigua Member

Ethics Committee

Jemimah Kezia M. Gaylican Chairperson

Mariah Levinia L. Mitra Member

Leanelle D. Reyno Member

GAD Committee

Ma. Rhea L. Caro Chairperson

Monica G. Rempillo Member

Johann Louise D. Ramos Member

General Manager - Marcelino B. Obias, Jr.

Other Officers & Staff (Volunteers/Part-time)

Jessa Mae C. Rapisora Accountant

Venchito P. Salvador Loan Officer

Anna Catherine V. Revilles Bookkeeper

Rita B. Par Cashier

May Flor E. Rodeo Compliance Officer

ORGANIZATIONAL STRUCTURE