PHILIPPINE FEDERATION OF CREDIT COOPERATIVE-BICOL (PFCCO-BICOL)

Corner Mayflower Street, J. Miranda Avenue, City of Naga

Email Add:pfccobicol@gmail.com/benosamona@yaho.com

MINUTES OF THE TWO (2) DAYS REHABILITATION PLAN OF OFFICERS OF

PFCCO-BICOL LEAGUE, HELD AT ALJOSH CAFÉ, NAGA CITY ON MAY 12-13,
2022.

The first day of Rehabilitation Planning start at 10:30 AM of May 12, 2022, it was
facilitated by Mr. Ernan Palabyab. The opening prayer and Cooperative Pledge were led by
Secretary Maribeth M. Blaquir.

Present: Willy C. Quiñones Jr. - Chairperson

Eduardo P. dela Torre -Vice-Chairperson
Josephine Balanay - Director
Mona E. Benosa - League Manager/CEO
Maribeth M. Blaquir - Secretary
Leticia D. Nopia - Treasurer
Aida d. Merciales - GAD Secretary
Nena Rapi - Ethics V-Chairperson

Mr. Ernan Palabyab - OIC-CEO PFCCO- National

(facilitator)
Absent:
Christine C. Sto. Tomas - Director
Liticia L. Fante - Director
Nieva S. Avellana - Auditcom Chairperson
Alvin A. Barilla - Auditcom V-chairperson
Orlando V. Vispo - Auditcom secretary
Lilia E. Era - Elecom Chairperson
Lilyn N. Puenzalida - Elecom V-chairperson
Lolito R. Orendain - Elecom Secretary
Lolita G. Mira - Ethics Chairperson
Allan G. Solver - Ethics Secretary
Rechilda O. Fulgueras - GAD Chairperson
Adelaida Javier - GAD V-chairperson (decease)

May 12, 2022

Welcome message was delivered by the BOD Chairperson Willy C. Quiñones. Mr.
Ernan Palabyab also delivered a message of wisdom and acknowledged the participants. The
focus of the two (2) days planning is network management.
Mr. Palabyab gave an overview of the strat plan previously approved. Upon reviewed of
the strat plan, evaluation of the financial statement and the overall status of the PFCCO-Bicol
League, it was found out that there were findings and problems to be resolved. Mr. Eduardo
Dela Torre, BOD V-chairperson moved that a Rehabilitation Plan must be done first instead of
Strat Planning. This was approved unanimously by all officers present. The findings and
problems were cited and discussed.
Findings:
- Negative Financial Statement
 Financial problem is the result of what kind of governance the league had. The
Financial Status of the league was just inherited by the 13th board of directors.
Initial action on the matter was approved but due to the pandemic it was not
implemented.
The facilitator recommends to the officers to conduct a SWOT analysis. He
conducted comparative analysis on the on hand financial statement. Various
accounts in the financial statement were also discussed and explained.
Problems:
- No recruitment, trainings and other services offered
- Financial problems that may lead to bankruptcy
- Attendance failed during officers meeting
- Chicken and egg story
- Uncollected annual dues, share capital
- Dissolved and inactive primary cooperatives
- Communication problems between the league and the primary cooperatives
Mr. Palabyab discussed the network management in Credit Unions (Managing coop
network/ federation management). Cooperative should be integrated not fragmented. Federation
should supervise the primary cooperatives. The Network Governance - Four Integration
Dimension was also discussed.
He reiterated the Contractual Solidarity Agreement and reminded the officers of its
purpose. It is an agreement between the federation and member primary cooperatives.
After the problems were identified, the next question is “where, when, and how do we
start? Shall we continue or stop?
Chairperson Willy Quiñones said that it is very challenging on his leadership but he
recommended to continuously operate the PFCCO Bicol League and asked for the support of
everyone. This was conform by other officers present on the planning. The rehabilitation period
was agreed for (5) years period. The following are the recommendations and suggestions for the
league to rehabilitate and to recover.

May 13, 2022

The day start with a prayer led by Mrs. Aida V. Merciales, GAD Secretary.

Rehabilitation Plan
Some of the suggestions and recommendations of what to do:
- There must be a commitment of all officers
- Review the mission and vision of the PFCCO
- Review and amend the ACBL of the PFCCO Bicol League
- Review, update, amend and formulate policies.
- To report to the GA the status of the league.
- To invite/visit and conduct consultation to the primary coops.
- To educate the primary coops and reactivate their membership.
- Cleansing of the federation
- To collect unpaid capital subscription of primary cooperatives
- To search and train for incoming CEO- PFCCO Bicol league.
- Improve and improvise marketing strategy (printing, social media, give
aways, paraphernalia)
- Introduced to MPC the KAYA
 V-chairperson Dela Torre suggested that the body will agreed for the workable plan of
rehabilitation. He has an inquiry about distribution of the net surplus for the year 2017 in
the amount of P49,605.35. He suggested it’s better to add to the general reserve fund. He
also moved that 25% of net surplus be distributed to the existing cooperatives and the
remaining 75% will be charge to general reserve fund. Mrs. Balanay suggested that it is
better to distribute to the primary cooperatives provided that they will pay their
obligations to the federation.
Mr. Palabyab recommended that the rehabilitation should be anchored to the integration
and solidarity contractual agreement. The PFCCO-National will monitor the federation on semi-
annual. December 2022 or January 2023 they will conduct review and evaluation of
rehabilitation plan. June or July 2023 they will conduct review and evaluation of the
output/progress of the rehabilitation program. He also informed that the rehabilitation plan must
have two set for the federation and for the national. The planning must be realistic and
achievable. He reminded the officers that the CEO will soon retire. He also gave an example of
criteria, and cycle of evolutions in formulating the strat planning. Stabilization Fund was also
explained. Example of marketing to raise fund were given.
List of things to do for rehabilitation and recovery of the league based on the necessities
faced at present:
1. The board must approve a resolution for rehabilitation and recovery plan of the
federation.
2. Prepare a letter for member primary cooperatives of the league to inform them of the
status of the league and invite for consultation.
3. Make a group chat of all member primary cooperatives of PFCCO-Bicol league
4. Issue a billing for MPC of their annual dues and share capital subscription.
5. During the consultation, inform the MPC of the distribution of the net surplus of P45,
605.35.
6. During the GA there will be an award recognizing the specific coops, token and
prizes (solicit from MPC)
The seminar adjourned at 3:30 in the afternoon.

Prepared by:

Maribeth M. Blaquir
BOD Secretary