Types of Cooperative

As a continuation to the lessons that we have learned from Macoy about joining a cooperative (and how it could help you), today, let's check out the basic types of cooperative we have here in the Philippines. 

Have you visited a coop near you already? How about asking your HR if your company or current employer has an existing cooperative

Oh wait, do you know what a cooperative is?

If you find a coop in good standing (must be authorized by CDA and must have sound financial reports or earnings), then it might be a wise decision to attend their required PMES (Pre-Membership Seminar). 

For example, Ayala-owned companies such as BPI, Globe and Alveo have a cooperative, and it would really be great to be part of it, right? Unfortunately for us (who are not employed under these companies), we're not allowed to be a member of their cooperative. So be sure to check out any existing cooperatives where you reside or work!  

As for the types of cooperative, here they are...

Credit Cooperative
is one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance and other related financial services to its members for productive and provident purposes

Consumer Cooperative
is one the primary purpose of which is to procure and distribute commodities to members and non-members

Producers 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 produced by its members into finished or processed products for sale by the cooperative to its members and non-members. Any end product or its derivative arising from the raw materials produced by its members, sold in the name of and for the account of the cooperative, shall be deemed a product of the cooperative and its members

Marketing Cooperative 
is one which engages in the supply of production inputs to members and markets their products
Service Cooperative 
is one which engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services
Multi-Purpose Cooperative 
combines two (2) or more of the business activities of these different types of cooperatives

Advocacy Cooperative
is a primary cooperative which promotes and advocates cooperativeness among its members and the public through socially-oriented projects, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries

Agrarian Reform Cooperative
is one organized by marginal farmers majority of which are agrarian reform beneficiaries for the purpose of developing an appropriate system of land tenure, land development, land consolidation or land management in areas covered by agrarian reform
Cooperative Bank 
is one organized for the primary purpose of providing a wide range of financial services to cooperatives and their members

Dairy Cooperative
is one whose members are engaged in the production of fresh milk which may be processed and/or marketed as dairy products

Education Cooperative
is one organized for the primary purpose of owning and operating licensed educational institutions, notwithstanding the provisions of Republic Act No.9155, otherwise known as the Governance of Basic Education Act of 2001

Electric Cooperative 
is one organized for the primary purpose of undertaking power generation, utilizing renewable sources, including hybrid systems, acquisition and operation of sub transmission or distribution to its household members

Financial Service Cooperative
is one organized for the primary purpose of engaging in savings and credit services and other financial services

Fishermen Cooperative
is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products

Health Services Cooperative
is one organized for the primary purpose of providing medical, dental, and other health services

Housing Cooperative
is one organized to assist or provide access to housing for the benefit of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members

Insurance Cooperative
is one engaged in the business of insuring life and property of cooperatives and their members

Transport Cooperative 
is one which includes land and sea transportation, limited to small vessels, as defined or classified under the Philippine maritime laws, organized under the provisions of RA 9520

Water Service Cooperative 
is one organized to own, operate and manage waters systems for the provision and distribution of potable water for its members and their households

Workers Cooperative 
is one organized by workers, including the self-employed, who are at the same time the members and owners of the enterprise. Its principal purpose is to provide employment and business opportunities to its members and manage it in accordance with cooperative principles

Other types of Cooperatives 
as may be determined by the Cooperative Development Authority or CDA

Source: http://www.cda.gov.ph/frequently-asks-questions-faqs


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