COOPERATIVE Flashcards
-it generates a common pool of funds in order to provide financial assistance to its members.
-is one that promotes and undertakes savings and lending services among its members.
Credit Cooperative
- to procure and distribute commodities to members and non-members;
Consumer Cooperative
- is one that undertakes joint production whether agricultural or industrial.
-it is formed and operated by its members to undertake the production and processing of raw materials or goods
Producers Cooperative
-is one which engages in the supply of production inputs to members and markets their products;
Marketing Cooperative
is one which engages in medical and dental care, hospitalization, transportation etc.
Service Cooperative
-is one which combines two (2) or more of the business activities.
Multipurpose Cooperative
- is a primary cooperative which promotes and advocates cooperativism among its members - cooperative that provides socially-oriented projects to its beneficiaries
Advocacy Cooperative
-in charge of land tenure, land development, land consolidation or land management.
Agrarian Reform Cooperative
organized for providing a wide range of financial services to cooperatives and their members;
Cooperative Bank
- members are engaged in the production of fresh milk which may be processed and/or marketed.
Dairy Cooperative
is one organized for the primary purpose of owning and operating licensed educational institutions.
Education Cooperative
is one organized for the primary purpose of operation or distribution of energy to its household members;
Electric Cooperative
-for the primary purpose of engaging in savings and credit services.
Financial Service Cooperative
is one organized by marginalized fishermen in localities.
Fishermen Cooperative
is one organized for the primary purpose of providing medical, dental and other health service
Health Services Cooperative
is one organized to assist or provide access to housing for the benefit of its regular members.
Housing Cooperative
is one engaged in the business of insuring life and poverty of cooperatives and their members
Insurance Cooperative
is one which includes land and sea transportation, limited to small vessels.
Transport Cooperative
is one organized for the provision and distribution of potable water for its members and their households
Water Service Cooperative
its principal purpose is to provide employment and business opportunities to its members. -organized by workers, including the self-employed.
Workers Cooperative
cooperatives, which are parties to the merger/consolidation.
Constituent Cooperative
- cooperative which survives and continue the business of the combined cooperative in case of merger.
Surviving Cooperative
- new cooperative created after the termination of the old cooperative in case of consolidation
consolidated cooperative
-any person natural or juridical, who or which shall be adversely affected in case of merger or consolidation
Third Party
- the various activities undertaken by a dissolved cooperative.
Nature
- a broad term that includes all forms of remunerations.
Compensation
-refers to the allowance given as a reimbursement for extra expenses incurred by one in the performance of his duties.
Per diem
-a gesture of appreciation for the service of one with expertise of professional standing in recognition of his broad and superior knowledge.
Honorarium
- a cooperative formed and managed primarily by minors
Laboratory Cooperative
- refers to a duly registered cooperative to which a laboratory cooperative is affiliated with.
Guardian Cooperative
-refers to the act of being formally connected or joined by a laboratory cooperative to a guardian cooperative
Affiliation
STANDARD TRAINING CURRICULA FOR COOPERATIVE OFFICERS
- Basic Cooperative course
- Cooperative management
- Cooperative governance
- Financial management
- Conflict management
- Parliamentary procedure
- Leadership and values re-orientation
- Strategic planning
- Audit management
- Records management
- Entrepreneurial and business management
- Basic accounting for non-accountants
- Internal control
- Rules formulation
- Cooperative standards
OFFICERS OF THE COOPERATIVE
1.Board of Directors
2. Secretary
3. Treasurer
4. Election committee
5. Audit committee
6. Ethics committee
7. Mediation and conciliation committee
8. General manager
9. CEO
10. Other Committees created.
Voting System of a Cooperative
Each member of a primary cooperative shall have only one(1) vote. In the case of members of secondary or tertiary cooperatives, they shall have one (1) basic vote and as many incentive votes as provided for in the bylaws but not exceed five (5) votes. The votes cast by the delegates shall be deemed as votes cast by the members thereof. However, the bylaws of a cooperative other than a primary may provide for voting by proxy. Voting by proxy means allowing a delegate of a cooperative to represent or vote in behalf of another delegate of the same cooperative
ARTICLE 26
Kinds of Membership
ARTICLE 27
Government Officers and Employees
ARTICLE 28
Application
ARTICLE 29
Liability of Members
ARTICLE 30
Termination of Membership
ARTICLE 31
Refund of Interest
ARTICLE 33
Powers of the General Assembly
ARTICLE 34
Meetings
ARTICLE 35
Quorum
ARTICLE 36
Voting System
ARTICLE 39
Directors
ARTICLE 42
Officers of the Cooperative
ARTICLE 43
Committees of Cooperatives
ARTICLE 46
Compensation
ARTICLE 50
Removal
