Carmen National High School Multipurpose Cooperative (CAMCO)

Macanhan, Carmen, Cagayan de Oro City

Minutes of the 2015 CAMCO General Assembly

March 31, 2015
Tsinoys Pares and Mami Restaurant
Tiano St., Cagayan de Oro City
I.

REGISTRATION
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II.

OPENING PRAYER
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III.

Members were informed beforehand through letter, phone calls, SMS,

or personal invitation.

READING AND APPROVAL OF THE Minutes of the 2014 CAMCO

General Assembly
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VIII.

Mr. Vincent C. Hojas, BOD chairman , called to order the 2015 CAMCO
General Assembly at exactly 11:26 am
Reading of the House Rules then followed by the secretary

PROOF OF DUE NOTICE

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VII.

Mrs. Cielo Grace Y. Moranta, the secretary, determined the no. of

members present and declared that the assembly reached a quorum of
29 members.

CALL TO ORDER
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VI.

Led by Ms. Myrna T. Sanchez

DETERMINATION OF QUORUM
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V.

Mrs. Edna A. Eligan delivered a meaningful, very heartfelt prayer.

COOPERATIVE PLEDGE
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IV.

started at 10:30 am with Mrs. Ma. Cristina A. Villarin as recording

secretary @ Tsinoys Pares and Mami Restaurant, Tiano St., CDO

Mrs. Judy B. Anero moved and severally seconded to dispense the

reading of the minutes of last year general assembly.
Mrs. Moranta, the secretary, dispensed with the reading of the minutes
of the 2014 CAMCO General Assembly.
There was no discussion or clarification on the minutes of last year
general assembly.
Mr. John Mingo moved and severally seconded for the approval of the
minutes of the 2014 CAMCO General Assembly. Motion was duly
approved.

ELECTION for the 4TH and 5th Board of Directors, Audit Committee
and Election Committee
Election for the 4th and 5th BODs
-

Mr. Larry B. Tubalado and Mr. Adel R. Cambangay were reelected as 4th
& 5th members of the BODs ( 16 votes for each)

Mrs. Judy B. Anero, an ELECOM member facilitated the canvass of

votes for the 4th & 5th BODs, AUDITCom, and ELECTIONCom with Mrs.
Generita B. Vina being the witness

 Election for the Audit Committee

IX.

the following were elected :

Empleo, Adeline Y. - chairman
(10 votes)
Paduga, Shiela S. - member
( 6 votes )
Pacturan, Paz S.
- member
( 6 votes )

Judy B. Anero, an ELECOM member declared the newly elected officers

for 4th & 5th BODs, CREDIT Committee, and ELECTION Committee.

LUNCH BREAK
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ELECOM (Mrs. JUDY B. ANERO on a hold over responsibilty )temporarily

halted the canvass of votes for the ELECTION COMMITTEE to give way
for lunch break.

Members were treated to a managed sumptuous buffet lunch .

Election for the Election Committee

-

ELECOM then resumed the canvass of votes for the ELECTION

COMMITTEE.
The following were elected :
Empleo, Adeline Y. - chairman (10 votes)
Paduga, Shiela S. - member
( 6 votes )
Pacturan, Paz S.
- member
( 6 votes )

X.

Judy B. Anero, an ELECOM member declared the newly elected officers

for 4th & 5th BODs, CREDIT Committee, and ELECTION Committee.

CHAIRMANS REPORT
-

Revisited some important matters in the cooperatives by laws c/o BOD

Zenona S. Rugay
Welcome the 3 new members ( Empleo, I. J., Ora, G.J. and Pacturan, P.)
Reported on dismembership ( Doong, J., Janubas, A.J., Lamparas, G.)
Confirmed future membership of at least 6 colleagues ( Flores, Fuchs,
Variacion, Abio, Alasagas, Saarenas )
Presented comparative report on 2014 and 2013 CAMCO earnings
Total CAMCO income @ P 474, 779.12 for 2014 which is greater than
2013 income @ P 286, 745.87 only
Services

XI.

2013

2014

CANTEEN

157, 852.64

252, 074.39

CREDIT

55, 259.63

92, 888. 03

ATM

73, 633.60

129, 816.70

Total

286, 745.87

474, 779.12

Stressed the importance of members cooperation and responsibility

especially in terms of loan payments and personal transaction @
CAMCO office.

NEW BUSINESS

XII.

RESOLUTION OF UNFINISHED BUSINESS

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XIII.

revision on the policies of the Special Savings after due study of the
Board of Directors found the current policies prejudicial against the
interest of the cooperative

APPROVAL OF THE DEVELOPMENT PLANS AND 2015 BUDGET

-

XIV.

Mrs. Moranta, the secretary presented the nine resolutions enacted by

the Board of Directors that would certainly help improve CAMCO
services.

Reinvitation of inactive members

Loan Amnesty Program ( for old overdue accounts)
2015 budget is @ P 451, 800.00
BOD Zenona S. Rugay moved and severally seconded for the
approval of next years
budget. Motion was duly approved.

DISTRIBUTION OF THE CAPITAL SHARES CERTIFICATES ( for both

Credit & Canteen)
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capital share certificates for both credit and canteen were given to the
members by the secretary with the help of Mrs. Adeline Empleo

XV.

Mrs. Empleo distributed also copies of the Minutes of the 2014 G.A.
( last year) and ledger of the 2014 CAMCO Dividend and Patronage
Refund at the start of the business proper
OPEN FORUM/OTHER MATTERS
BOD Larry B. Tubalado reminded the members to update their
account/s passbook at CAMCO office.
On Special Savings ( Mrs. Gonzaga, A. , the treasurer, informed the
body that the interest rate starting at 2% /month for 5k-20k , and the
bigger the deposit, the higher the interest rate is not helping CAMCO
generate income since our coop is charging just the same interest rate
for loan services and it would even force CAMCO to pull its resources in
paying off whatever amount is due from the interest rate higher than
2%. She even gave options like terminating it or adjusting its interest
rate.
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Nevertheless, Mrs. Alyn L. Gonzaga moved and severally seconded for

the revision of the Special Savings Policies on Interest Rate. Motion was
duly approved.

On Mrs. Pajos case ( Mrs. Eligan informed the body about Mrs. Pajos
desire to join CAMCO as she would be withdrawing her deposits from
Naawan Cooperative. BOD Rugay seconded Mrs. Eligans request on
considering Mrs Pajo since the latter was essentially the principal then
at the time Carmen NHS was created .
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Mrs. Lumbayo moved and severally seconded for amendment/s on

membership in the CBL before granting Mrs. Pajos request. Motion was
duly approved.

On Educational Trip this summer

CAMCOs 25k counterpart to be divided equally among those who will

go on the trip as suggested by Mrs. Gonzaga
joins CFASO trip ( venue and date to be announced during the faculty
meeting) as suggested by Mrs. Gonzaga
Davao or Dakak as suggested by Mrs. Anero
Mrs. Gonzagas suggestion was severally carried after division of the
house.
An issue arose whether to consider the associate or inactive members
included in the 25k payroll
Mr. Eliezer dela Vega moved and severally seconded for the division of
the house on the issue at hand. Motion was duly approved.
The assembly decided to exclude the associate/inactive members from
the 25k payroll.

XVI. DISTRIBUTION OF THE 2014 DIVIDENDS AND PATRONAGE

REFUNDS (credit and canteen)
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By Mrs. Alyn L. Gonzaga, the treasurer

XVII. RECESS
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The 2015 CAMCO General Assembly was declared in recess @ 2:49 pm,
March 31, 2015 with 35 final registered members and 7 guests.

Certified true and

correct :

CIELO GRACE Y.
MORANTA
Secretary