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FICCO and Unilever Pureit Partner for Safe Water

FICCO and Unilever Pureit Partner for Safe Water

First Community Cooperative (FICCO) recently signed a partnership agreement with Unilever Pureit that will allow FICCO’s members to have exclusive access to safe and clean water. The Pureit water purifier is Unilever’s innovative solution to our need for safe drinking water. Drinking unsafe water can cause fatal waterborne diseases that may harm the human body such as diarrhea,cholera, jaundice, and typhoid. The agreement was signed last August 24, 2016, by FICCO’s  Chief Executive Officer,  Mr. Edgardo A. Micayabas and Unilever Pureit Business Head, Mr. Brian Duruin during the partnership launch ceremonies at Ruby Room, Limketkai Luxe, Cagayan de Oro City. Present during the contract signing were FICCO’s Regional Manager; Branch Managers’ in Region 1; HRD Officer; Chief Accountant; Internal Auditor; and the rest of the support team, and Unilever Pureit Channel Development Executive for Mindanao, Mr. Bondy Aportadera, and its support team. Special Offer for FICCO members: Particular Gross Amount Discount Net Amount CASH Php 5,500.00 10% Php 4,950.00 LOAN Php 5,500.00 5% Php 5,225.00   For inquiries:  You can visit any FICCO branch near... read more
6th FICCO Fun Run

6th FICCO Fun Run

We are inviting members and non-members to run with us on July 3, 2016 at the Capitol Grounds, Cagayan De Oro City. 1K and 3K        250.00 5K        300.00 10K        350.00 Fun Run Jersey Design: ... read more
FICCO SUPPORTS NATIONAL CANDIDATES

FICCO SUPPORTS NATIONAL CANDIDATES

Last September 2015 the Coop sector was disturbed because of the two lawmakers Rep. Gabriel Luis Quisumbing’s HB 2765 and Sen. Loren Legarda’s SB 2048 expressly propose the repeal of the law granting tax exemption privileges to cooperatives. It is very clear in the new cooperative code, Articles 60 and 61 of Republic Act 9520 which gives cooperatives the privilege of tax exemption. Transactions from members are among the non-taxable income of cooperatives. Cooperatives have enjoyed that privilege for many years and because of the “Politicos” who don’t have the heart of the Coop, they don’t even count the things that the cooperative movement has done to the economy in wealth re-distribution, poverty alleviation and nation building. In other countries, the coop sector has in place legislator that will shield Coop agenda from ungrateful lawmakers. Their existence will spoil the existing code and hamper cooperatives in pursuing their goals in uplifting the members in rural and urban areas. Cooperative’s silence and neutrality is being threatened by bills that might crop up from time to time which jeopardize the very reason why Coops exist. The anxiety of the Coop leaders is for the tax exemption privilege to vanish, and supersede by the 30% withholding tax. If this happens, can we survive? In May 2016 election, FICCO calls members to declare this stand. Silence must be set aside and try a new approach that will ensure a lifetime privilege to protect the cause of the movement. FICCO has to support candidates that will bring voice, aspiration and more worthy values for the movement. Coops found these personalities for they have expressed... read more
Team Rufus Harus, Signs Covenant on Cooperativization of COWD

Team Rufus Harus, Signs Covenant on Cooperativization of COWD

Team Rufus Harus, led by mayoralty candidate Congressman Rufus Rodriguez has entered a covenant of commitment on the Cooperativization of Cagayan de Oro City Water District (COWD). It was held at the Grand Caprice Emperor Court, Limketkai Center last April 20, 2016. The signing was joined by the Cooperative Development Council of Cagayan de Oro led by its Chairperson, Edgardo A. Micayabas. CDCC envisions an empowered water consumerism through transitioning the currently government owned and controlled corporation Cagayan de Oro Water District (COWD) to a water consumer owned and controlled cooperative. Among the mayoral candidates of Cagayan de Oro City, only Cong. Rufus Rodriguez, together with his team commits to facilitate the conversion of the COWD to a Water Service Cooperative, and the Councilor of the Team Rufus Harus promise that the first ordinance will be the selling of COWD to the Cooperative once they will be elected. A Proposal To Convert COWD into a GENUINE FULL BLOWN WATER COOPERATIVE Presentation of the concept model of the Water Service Coop Ownership – will be solely from the Cooperative sector. Financial Capital build-up and investment strategy Organizational & institutional membership ( preferred share) & Individual members. Table 1: Capital Build-Up Scheme Customers % Number   Monthly Contribution   Yearly Contribution(omitted thousands) D & E 60 42000 P 25 P 12,600 C 20 14000 50 8,400 B 12 8400 100 10,080 A 6 4200 500 25,200 Institutions 2 1400 2000 42,000 100 70000 98,280 Less: Uncollected Contributions (10%) 9,828 Net: P 88,452 Collection for 5 years x 5 442,260 Collection for 10 years x 10 884,520 Note: Assuming all water consumers... read more