1 PERA Multipurpose Cooperative (PERA MPC)

2 CDA-Registration No. CARA-0397

3 T.I.N-004-384-468-000
4 (085) 343-8500
5
6
7
1 MINUTES OF THE PERA MPC NORTHERN MINDANAO CLUSTERMEETING
2 JUNE 07, 2019
3 PERA MPC Office, Carmen Cagayan de Oro City
4
5
6 Present:
7
8 Mr. Lorimer G. Gualdaquever - Cluster Head-NorthMin
9 Mr. Alvin Patricio S. Casiño - Branch Manager-Cagayan De Oro City
10 Ms. Sela Vee R. Gamao - Branch Manager -Valencia
11 Ms. Hazel S. Orocay - Branch Manager- Iligan
12 Mr. Rienald O. Magaña - ICO - Gingoog Branch
13 Mrs. Chilba S. Raganas - Assistant Manager - Malaybalay Branch
14 Mr. Jeffrey N. Damasing - ICO - Manolo Satellite
15 Mr. Billy Joe A. Canales - ICO - Villanueva Satellite
16 Mrs. Maricar C. Lazada - ICO - Libona Satellite
17 Ms. Cherryl C. Jakosalem - ICO - Puerto Satellite
18 Ms. April Joy Ballener - NM Secretary
19
20
21 Guest:
22 Mr. Gil C. Gilot - BOD Chairman
23 Mrs. Roxyl Mar R. Glema - Assistant Manager - CDO Branch
24
25
26 Proceedings:
27
28
29 Call to Order
30
31 The meeting was called to order at 09:10 A.M.
32
33 Opening Prayer
34
35 Mrs. Maricar C. Lazada led the opening prayer.
36
37 Determination of Quorum
38 The secretary announced a quorum and declared by the chairman.
39
40
41 Reading and Approval of previous minutes.
42

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10 PERA Multipurpose Cooperative (PERA MPC)
11 CDA-Registration No. CARA-0397
12 T.I.N-004-384-468-000
13 (085) 343-8500
14
15
16
43 Minutes of the previous cluster meeting dated May 3 was read. On Motion of Manager
44 Orocay, seconded by Manager Gamao, minutes was adopted and approved with noted
45 corrections.
46
47 Noted Corrections:
48
49  Line No. 86 -Corrected figures from CDO branch number of accounts from 2,612 to
50 2,498.00, Malaybalay branch from 434 to 699, Valencia branch from 286 to 482,
51 Gingoog branch from 244 to 452 and lastly Iligan branch from 335 to 523
52  Line No. 118 -Corrected Figures from Valencia total delayed payments from 34 to 33
53  Line No.140- Corrected figures from Iligan branch delayed payments from 11 to 14
54  Line No.145 -Corrected figures from Gingoog branch new preferred shareholder total
55 amount from 500.00 to 400.00
56  Line No.149 -Corrected figures from Gingoog branch delayed total amount for GSIS
57 from 27,500.00 to 25,000.00.
58  Line No. 212 -Corrected figures from CDO branch total number of delayed payments
59 from 35 to 60 and delayed payments total amount from 2,344,527.80 to 2,168,602.69
60  Line No. 223 – Corrected the word Mamanger to Manager.
61
62 Agenda of the Day:
63 1. Financial Report
64 a. NM Cluster Consolidated FS
65 b. Projection
66 2. Management Report
67 a. Personnel
68 b. Past Due Reports
69 3. Other Matters
70
71
72
73 On motion of BM Casiño, seconded by BM Gamao agenda of the day were adopted and
74 approved.
75
76
77 1. Financial Report
78 Statement of Earnings and Expenses of PERA MPC Cagayan de Oro City, Gingoog, Iligan,
79 Malaybalay and Valencia Branch for the month of May 2019 (Please refer to attached Financial
80 Statements). On motion of Manager Ms. Sela Vee R. Gamao, seconded by Mrs. Hazel S. Orocay,
81 Financial Report was accepted as presented.
82
83
84

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19 PERA Multipurpose Cooperative (PERA MPC)
20 CDA-Registration No. CARA-0397
21 T.I.N-004-384-468-000
22 (085) 343-8500
23
24
25
85 Statement of Earnings and Expenses for the Month of MAY2019
86
Gross Income Expenses (current Total Net Income
Branch (current month) month) (Current Month)
MAY 2019 MAY 2019 MAY 2019
CDO Branch 1,249,056.54 662,130.62 586,925.92
Libona Satellite 301,331.67 199,634.61 101,697.06
Manolo Satellite 153,839.03 127,102.76 26,736.27
Puerto Satellite 363,964.44 230,455.31 133,509.13
Villanueva Satellite 296,497.85 209,810.75 86,687.10
Sub-total 2,364,689.53 1,429,134.05 935,555.48
MALAYBALAY 876,878.16 629,320.50 247,557.66
VALENCIA 490,877.12 290,411.31 200,465.81
GINGOOG 432,698.05 264,051.86 168,646.19
ILIGAN 629,298.69 352,378.44 276,920.25
Sub-total 4,794,441.55 2,965,296.16 1,829,145.39
87
88
89
90 TOTAL LOAN PORTFOLIO AS OF MAY 2019
91
Current Month Previous Month
Branch VARIANCE
MAY 2019 MAY 2019
CDO Branch 31,383,180.26 30,939,918.62 443,261.64
Libona Satellite 7,848,720.46 7,654,686.77 194,033.69
Manolo Satellite 4,075,578.43 3,495,512.08 580,066.35
Puerto Satellite 10,159,087.13 9,982,362.42 176,724.71
Villanueva Satellite 8,870,706.36 8,975,535.02 (104,828.66)
Sub-total 62,337,272.64 61,048,014.91 1,289,257.73
MALAYBALAY 24,219,623.27 23,085,151.29 1,134,471.98
VALENCIA 14,126,552.17 13,858,857.76 267,694.41
GINGOOG 11,588,889.83 11,575,158.21 13,731.62
ILIGAN 15,819,784.99 15,786,291.96 33,493.03
Sub-total 128,092,122.90 125,353,474.13 2,738,648.77
92
93
94
95 NUMBER OF BORROWERS
96

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28 PERA Multipurpose Cooperative (PERA MPC)
29 CDA-Registration No. CARA-0397
30 T.I.N-004-384-468-000
31 (085) 343-8500
32
33
34
Branch No. of No. of New No. of Re- Less: Less: Total No. Total No. Total No.
Borrowers Borrowers availed Buy-out fully of of of
As of as of Borrowers account paid Borrowers Accounts Accounts
April May 2019 Current accts. as of As of As of
2019 Month May 2019 April 2019 May 2019

CDO Branch 763 763 3 11 769 1201 1214

Libona Satellite 173 173 2 175 266 284
Manolo Satellite 85 85 3 88 117 128
Puerto Satellite 182 182 192 374 401
Villanueva Sat. 152 152 2 154 348 354
Sub-total 1355 1355 - 3 18 1378 2,306 2,381
MALAYBALAY 414 414 16 2 9 432 695 704
VALENCIA 275 275 1 5 283 446 461
GINGOOG 248 248 1 3 247 429 435
ILIGAN 326 326 6 331 487 504
Sub-total 2,618 2,618 16 7 41 2,671 4,363 4,485
97
98
99 2. MANAGEMENT REPORT
100
101
102 2.1 VALENCIA BRANCH
103
104 Manager Sela Vee R. Gamao:
105
106 I. Result of Operation for the month of MAY 2019
107 Gross Income: P 490,877.12
108 Total Expenses : P 290,411.31
109 Net Income : P 200,465.81
110 Loan Portfolio : P 14,126,552.17

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37 PERA Multipurpose Cooperative (PERA MPC)
38 CDA-Registration No. CARA-0397
39 T.I.N-004-384-468-000
40 (085) 343-8500
41
42
43
111 II. Confirmation of Loan Releases
112
113 Past Due Account:

No. of Past Due Total Amount

SSS 1 44,544.00
GSIS 1 57,482.00
TOTAL 2 102,026.00
114
115
116 Delayed Payments:
Facility No. of Delayed Total Amount
GSIS 1 96,483.91
SSS 25 128,179.69
CAPITALIZATION 8 133,600.00
TOTAL 34 358,263.60
117
118
119
120 III. Other Concerns
121
122  Request to open account in Robinson’s Bank

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46 PERA Multipurpose Cooperative (PERA MPC)
47 CDA-Registration No. CARA-0397
48 T.I.N-004-384-468-000
49 (085) 343-8500
50
51
52
123  Authorized signatory for Valencia Branch’s Robinsons Bank Account
124  BM Gamao moved for the acceptance of her report, seconded by BM Casiño, report was
125 accepted as presented.
126
127 2.2 ILIGAN BRANCH
128
129 BM Hazel S. Orocay reported the following:
130
131 1. Result of Operation for the month of MAY 2019
132 Gross Income: P629,298.69
133 Total Expenses : P352,378.44
134 Net Income : P276,920.25
135 Loan Portfolio : P15,819,784.99
136
137 II. Confirmation of Loan Releases

TOTAL LOAN
PORTFOLIO AS OF MAY
2019

138 Delayed Payments:

Facility No. of Delayed Total Amount
CAPITALIZATION 1 100,000.00
SSS 10 320,954.27
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55 PERA Multipurpose Cooperative (PERA MPC)
56 CDA-Registration No. CARA-0397
57 T.I.N-004-384-468-000
58 (085) 343-8500
59
60
61
GSIS
TOTAL 11 420,954.27
139
140
141 V. MARKETING STRATEGIES
142 a. Posting of flyers & Tarpaulin
143
144 1. Other Concerns
145
146  Cash and goods assistance for victims of fire incident in Iligan city.
147  BM Orocay moved for the acceptance of her report, seconded by BM Gamao,
148 report was accepted as presented.
149
150
151
152 2.3 GINGOOG BRANCH
153
154 ICO Rienald O. Magaña reported the following:
155

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64 PERA Multipurpose Cooperative (PERA MPC)
65 CDA-Registration No. CARA-0397
66 T.I.N-004-384-468-000
67 (085) 343-8500
68
69
70
156

157 I. Result of Operation for the month of MAY 2019

158
159 Gross Income : P432,698.05
160 Total Expenses: P264,051.86
161 Net Income : P168,646.19
162 Loan Portfolio : P11,588,889.83
163
164
165
166
167
168
169
170 II. Confirmation of Loan Releases
171
172 III. Past Due Account:
No. of Past Due Total Amount
SSS
CAPITALIZATION 2 186,000.00

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73 PERA Multipurpose Cooperative (PERA MPC)
74 CDA-Registration No. CARA-0397
75 T.I.N-004-384-468-000
76 (085) 343-8500
77
78
79
TOTAL 2 186,200.00
173
174 IV. Delayed
Payments:
Facility No. of Delayed Total Amount
CAPITALIZATION 1 6,722.00
SSS 8 480,001.00
GSIS 3 160,769.34
TOTAL 12 647,492.34
175
176 V. MARKETING STRATEGIES
177 a. Distribution of flyers& posting of tarpaulin.
178
179 OTHER CONCERN
180  ICO Magaña requested that Bonus loan and Cash Advance below 10,000 for Gingoog
181 branch would be for branch approval
182  Proposed Medina Satellite.
183  BM Magaña moved for the acceptance of her report, seconded by BM Casiño, report
184 was accepted as presented.
185
186 2.4 MALAYBALAY BRANCH
187
188 Assistant Manager Mrs. Chilba S. Raganas reported the following:
189
190 I. Result of Operation for the month of MAY 2019
191
192 Gross Income: P490,877.12
193 Total Expenses : P 290,411.31
194 Net Income : P200,465.81
195 Loan Portfolio : P24,219,623.27
196
197 II. Confirmation of Loan releases
198

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82 PERA Multipurpose Cooperative (PERA MPC)
83 CDA-Registration No. CARA-0397
84 T.I.N-004-384-468-000
85 (085) 343-8500
86
87
88

199
200
201 III. Past Due Account:
Facility No. of Past Due Total Amount
CAPITALIZATION 9 570,870.80
SSS 2 7,240.00
GSIS
REDISCOUNTING
TOTAL 11 578,110.80
202
203
204 IV. Delayed Payments:
Facility No. of Delayed Total Amount
CAPITALIZATION 49 1,869,275.14
SSS 44 696,637.64
GSIS 5 290,071.98
TOTAL 98 2,855,984.76
205
206
207 MARKETING STRATEGIES
208 a. Networking
209 b. Distribution of flyers
210

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91 PERA Multipurpose Cooperative (PERA MPC)
92 CDA-Registration No. CARA-0397
93 T.I.N-004-384-468-000
94 (085) 343-8500
95
96
97
211 OTHER CONCERN
212  Assistant Manager Raganas for check signatory
213  Assistant Manager Raganas followed-up the status of Mr. Ron Ron Manila.
214  Assistant Manager Raganas moved for the acceptance of her report, seconded by BM
215 Orocay, report was accepted as presented.
216
217 2.5 CAGAYAN DE ORO CITY BRANCH
218
219 Assistant Manager Mrs. Roxyl Mar R. Glema Reported the following:
220
221 I. Result of Operation for the month of MAY 2019
222
223 Gross Income: P 2,364,689.53
224 Total Expenses : P 1,429,134.05
225 Net Income : P 935,555.48
226 Loan Portfolio : P 62,337,272.64
227
228
229 II. Confirmation of Loan Releases
230

231
232
233 III. Past Due Account:
234
Facility No. of Past Due Total Amount

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100 PERA Multipurpose Cooperative (PERA MPC)
101 CDA-Registration No. CARA-0397
102 T.I.N-004-384-468-000
103 (085) 343-8500
104
105
106
CAPITALIZATION 1 137,620.00
SSS 7 58,499.63
GSIS 1 28,000.00
TOTAL 9 224,119.63
235
236 IV. Delayed Payments:
237
Facility No. of Delayed Total Amount
CAPITALIZATION
SSS 45 1,368,559.45
GSIS 7 234,259.00
TOTAL 52 1,602,818.45
238
239
240
241 V. MARKETING STRATEGIES
242 a. Marketing through flyers distribution, postering of PERA ads to agents, clients
243 and friendly stores
244 b. Postering of ads & stickers in Lapasan, Agora, Talakag, Bukidnon, Balingasag &
245 El Salvador City, Misamis Oriental prior to the opening
246
247 Other Concern
248  Doorlock and CCTV of Agora Satellite
249  Installation of IACCS for Agora Satellite
250  2,000.00 solicitation for Villanueva’s town fiesta
251  Assistant Manager Mrs. Glema moved for the acceptance of her report,
252 seconded by BM Orocay, report was accepted as presented.
253
254
255 1. OTHER MATTERS
256  Reports should be submitted accurately and on time
257  Discontinue Peachtree and focus on IACCS
258
259
260
261 Adjournment:
262 BM Alvin Patricio S. Casiño moved the adjournment; Seconded by BM Sela Vee R.
263 Gamao the meeting was adjourned at exactly 5:00 pm.
264
265
266
267

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109 PERA Multipurpose Cooperative (PERA MPC)
110 CDA-Registration No. CARA-0397
111 T.I.N-004-384-468-000
112 (085) 343-8500
113
114
115
268
269
270
271
272 Certified true and correct: Attested by:
273
274
275
276 APRIL JOY BALLENER MR. LORIMER G.
277 GUALDAQUEVER
278 NM Cluster Secretary NM Cluster Head
279

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