2. COOPERATIVE PLEDGE
As a Filipino I am and I believe In the Cooperative Alone I am Weak But with others I am Strong So I commit myself, to work, to cooperate For all to be prosperous Harmony, industry I will value Cooperative affairs I will attend Responsibilities I will assume The Cooperative philosophy I will live One vision, one belief, one feeling In Cooperative My life I pledge So help me God.

3. BOD & CEO’S REPORT
Year 2015 had been a good year for the Cooperative where we were able to deliver good results. The Management had done its best to be responsive to the needs of the members while ensuring the stability of the Cooperative. The Cooperative’s manual had been revisited to conform with the standards and directives of different governing bodies. Amendments and revisions worked as step boards in the fulfilment of the Cooperatives’ vision, mission and objectives. Overall, the Cooperative performed collectively with notable increases especially in revenues and resources.

4. BOD & CEO’S REPORT FINANCIAL CONDITION AND RESULTS OF OPERATION
The total number of Regular members increased from 4,113 to 4,860 or 747 new members for the year 2015, Our Associate members also increased from 9,805 to 13,740 or 3,935 new associate members. Total membership of our Cooperative is 18,600 for the year 2015.
The Cooperatives’ total assets posted an increase from Php404,594, in 2014 to Php587,480, for The increase in our assets is funded by deposits, share capital, Net Surplus and other sources of funds.
With the contributions of the old and new members, the Cooperative have a total share capital amounting to Php142,568, or an increase of 37% from the Php104, 825, share capital in 2014.

5. BOD & CEO’S REPORT
The Cooperative’s total deposits stood at Php 386,151, Deposit constitutes 65% of the total Assets, an indication of the trust and confidence of members to the Cooperative to manage their resources. Liquidity is 40% more than the liquidity requirement for cooperative of 15%. This means that the Cooperative can pay off maturing obligations anytime. Loans Receivable posted an increase by Php23,068, from Php216,938, in Loans Receivable constitute 55% of our total assets. For the year 2015, the cooperative was able to release an amount of Php 265 million loans to 5,225 members. Delinquency is within the Coop standards and manageable.

6. BOD & CEO’S REPORT
The Cooperative managed an increase of Php7,868, as net surplus, from Php23,723, in 2014 to Php31,591, in The major contributor to the gross surplus is our income from the financing activities which is 84% of the total gross surplus. While income from allied services constitute 16%%. (Rentals, Western Union, Bills payments, Ticketing etc.) PROJECT IMPLEMENTED FOR 2015 With our goal to serve the members’ housing and lot needs, we were able to purchase a lot in Bahong, Takian, La Trinidad, Benguet. Development is ongoing and to be offered to interested members. Reservations however are being accepted

7. BOD & CEO’S REPORT HUMAN RESOURCE DEVELOPMENT
  To be able to service the growing membership and resources of the Cooperative, our officers and management staff attended 7 local and 1 International trainings on Cooperative management to harness their learning in managing the cooperative affairs efficiently and effectively.
The Board of Directors in their continuous pursuit to improve operations, passed and enacted 15 resolutions for the year 2015.

8. BOD & CEO’S REPORT SOCIAL SERVICES
For our Social Services to members, an amount of Php1,810, was disbursed to 109 members for Hospital Assistance, while Php3,052, was also disbursed to 30 family members for the Mutual Aide Assistance.
As part of our Social Responsibility to the community, the following were implemented:
Ten students were able to avail our scholarship grants.
Donated 25 rolls of pressurized hose to the constituents of Barangay Lubas.
Accepted On the Job Trainees from CCDC, SLU colleges of Accountancy and BSU college of Agri-Business.

9. BOD & CEO’S REPORT
The Cooperative is committed to continue its services at its best capacity to serve the needs of the members. We thank all our members, officers and staff for their continuing support, dedication and trust towards the attainment of the Cooperative’s Vision- A Model State University-based Cooperative. Finally, we give thanks to God Almighty for his unending love that we are able give glory to His name through the Cooperative’s services.

10. GRAPHICAL PRESENTATION OF THE COOPERATIVE’S 3 YEARS PERFORMANCE
BOD & CEO’S REPORT
GRAPHICAL PRESENTATION OF THE COOPERATIVE’S YEARS PERFORMANCE

11. GRAPHICAL PRESENTATION OF THE COOPERATIVE’S 3 YEARS PERFORMANCE
BOD & CEO’S REPORT
GRAPHICAL PRESENTATION OF THE COOPERATIVE’S YEARS PERFORMANCE

12. MANAGEMENT REPORT
GRAPHICAL PRESENTATION OF THE COOPERATIVE’S 3 YEARS PERFORMANCE Assets/ Loans Receivable (in millions)

13. GRAPHICAL PRESENTATION OF THE COOPERATIVE’S 3 YEARS PERFORMANCE
BOD & CEO’S REPORT
GRAPHICAL PRESENTATION OF THE COOPERATIVE’S YEARS PERFORMANCE

14. GRAPHICAL PRESENTATION OF THE COOPERATIVE’S 3 YEARS PERFORMANCE
BOD & CEO’S REPORT
GRAPHICAL PRESENTATION OF THE COOPERATIVE’S YEARS PERFORMANCE

15. BSU MPC ORGANIZATIONAL CHART
GEN. ASSEMBLY
AUDIT COMMITTEE
ELECOM
SECRETARY
TREASURER
CONMED
EDCOM
ETHICS
CEO
BOD
AUDIT & COMPLIANCE
SATELITE OFFICE
LOAN UNIT
ALLIED SERVICES
ACCOUNTING & ADMIN
FINANCE
BUILDING-IN-CHARGE
TELLERS
TELLER
COLLECTORS
COLLECTOR
LOAN OFFICER
AUDIT & COMPLIANCE OFFICER
LOAN COLLECTION OFFICER / APPRAISER
SATELITE OFFICER
CREDIT OFFICER
BOOKKEEPER/ ADMINS STAFF
ACCOUNTANT
FINANCE OFFICER
ALLIED SERVICES OFFICER
DRIVER/UTILITY
SUPPORT SERVICES
SECURITY GUARD

16. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORING
Membership
To increase number of regular members by 1,000; associate members by 1,000
Monthly PMES, recruitment of new members, convince associate members to become regular members, IEC materials distributed and radio program in place
The number of members increased and new members have been recruited.
Brochures have been printed and distributed.
A radio program is installed.
EDCOM, MGMT, BOD
END OF NOV 2016
A monthly report on membership changes
Increase in Asset
To increase asset by 660M
Increase in common shares through an aggressive campaign on new capital infusion from regular, associate and new members; improve collection on allied services
Grant more loans to members and reduction of delinquency
Asset has increased by 70% through aggressive campaign on increase of share capital by members, conversion of associate members to regular.
Home Loan
END OF DEC 2016
Monthly reports

17. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORIN G
Leadership competency of Officers & Staff
Improved and enhanced knowledge and skills of officers and staff in handling coop activities and implementing policies
Attendance of officers and staff to relevant seminars and activities to enrich learning insights:
Election and appointment of active and committed officers
Knowledge and skills in coop management and governance enriched and enhanced.
Attendance to coop assemblies, relevant training for officers and staff. Study visits to observe good practices which are applicable to the growth of the cooperative.
MGMT STAFF, OFFICERS
CONTINUING
No. of seminars and coop activities attended

18. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORING
Policies and Procedures
Updated coop policies and procedures and manualized operations Manual to include recent policies approved.
Review operation policies and procedures especially on the following:
Internal Control manual
Governance manual
Succession Plan
Honorarium and per diem;
Salary scales;
Coop Policies and Procedures have been reviewed, updated, approved and implemented
Internal Control manual in place
Governance manual in place
Succession plan in place
Honorarium and per diem increased reasonably;
Salary scales upgraded;
MGMT, BOD, COMMITTEE S
1ST QTR OF 2016
Updated Operations Manual that includes:
Internal Control manual;
Governance manual;
Succession plan policy;
Salary scale in place
Honorarium and per diem of BOD & committees

19. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORING
continued…
Mutual and Health benefits;
Mediation Policy and Procedures;
Attendance to seminars and workshops;
Employee Benefits reviewed
continued….
MA/HA policies reviewed to consider other factors;
ConMed policies in place;
Attendance to seminars and workshops by officers and staff in place;
Employee Benefits granted

20. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORING
Facilities Improvement & Acquisition
Improvement of coop services
Provision of:
Wider office space.
Repairs and improvement of buildings acquired
Acquisition of wireless microphone;
Km. 6 building construction
Computerization of all office processes;
Coop Assurance Center in place
Full blast operation of Allied Services
An expanded second floor that provides a wider space for banking needs and allied services, a BOD room cum visitors lounge; Majority of all office processes; Coop Assurance Center implemented
General design of building of the building & start the construction
MGMT, BOD
1ST HALF OF 2016

21. ACTIVITIES/ STRATEGIES
2016 OPERATIONAL PLANS
KRA
OBJECTIVES
ACTIVITIES/ STRATEGIES
TARGET
RESPONSIBLE PERSON
TIMELINE
MONITORING
Corporate Social Responsibility
To participate actively in the community life and caring for the environment
Increase scholar from 10 to 20
Conduct Medical Mission
during summer season and Tree Planting during rainy season
EDCOM
ELECOM
BOD
CONTINUING
Improvement of Coop Image
Attain a very satisfactory rating on COOP PESO & PISO
Quarterly assessment/evaluation of COOP PESO & PISO;
Documentation of successful members;
Distribution of survey forms
BOD & MGMT
Laboratory Coop
To establish a Laboratory Coop
Segmentation of Kiddie savers
Required documents are prepared for the registration of the Laboratory Coop
EDCOM &BOD
2016

22. 2016 OPERATIONAL BUDGET

23. 2016 OPERATIONAL BUDGET

24. 2016 PROJECTED USAGE & SOURCES OF FUNDS

25. 2016 PROJECTED USAGE & SOURCES OF FUNDS

26. ELECTION COMMITTEE REPORT
In view of the need to elect new set of officers for the BSUMPC, the Election Committee guided by the provisions thereof in the BSU MPC Election Code and By Laws, carried out the election during the General Assembly on February 27, 2014 at the BSU Closed Gymnasium.
To make this possible, the committee has initially undertaken several activities. To wit:
Determined the positions held by officers whose term of office expires on February ( 4 for Board of Directors, 1 for Election Committee and for Audit Committee );
Posted the vacant positions and the schedule of filing for candidacy’
Screened the candidates in coordination with management;
Posted the names of qualified candidates;
Selected qualified election deputies; and,
Prepared for the conduct of the election.

27. ELECTION COMMITTEE REPORT
The election of qualified officers commenced on February 27, 2014 in line with the General Assembly. Underscoring the protocol, the activity started with the presentation of candidates which was immediately followed by the opening of the polling centers and the casting of votes. Strictly, the polling centers were closed at 3:00 PM; followed shortly by the canvassing of ballots. In light of the above, results were as follows:
No.
Name
No. of Votes
Rank
BOARD OF DIRECTORS (5) 1
BOGNADON, DAVID JOSEPH L.
877 3 2
CHUA, EDNA B.
905
DE LOS SANTOS, FELECIANO R.
799 5 4.
KUDAN, SILVESTRE L.
1014 5.
SOLIMEN, JULIA A.
835 4
AUDIT COMMITTEE (2)
BAYENG, ENGELBERT C.
511
BUGTONG, VIOLETA B.
426
KINNUD, RICHARD H.
588
RAPUSO, MARY JOY S.
572
ELECTION COMMITTEE (2)
BALIAG, JANE S.
934
DUGAT, VIRGINIA R.
936

28. ELECTION COMMITTEE REPORT
Since there are four (4) vacant positions to complete the Board of Directors; David Joseph L. Bognadon, Edna A. Chua, Feleciano R. De Los Santos, Silvestre L. Kudan, and Julia A. Solimen as verified by the number of votes garnered, were declared winners. In a similar manner, Richard H. Kinnud, Mary Joy S. Rapuso and Jane S. Baliag and Virginia R. Dugat were declared winners for the Audit and Election Committee respectively. Two weeks after the election, during a meeting called for the purpose, all newly elected officers of the BSUMPC took their oath of office, after having sworn to office, the members of the election committee met to select among themselves as Chair, Vice Chair, and a Secretary.

29. ELECTION COMMITTEE REPORT
During the year, the members of the Election Committee attended the Planning Workshop of the BSUMPC and Series of Seminars for Officers of Cooperatives. With regard to the 2015 Election of Officers, the Committee determined the following positions vacant as the term of the incumbent will expire by February 2015: (4) Board of Directors; one (1) member of the Audit Committee; and one (1) member of the Election Committee. In preparation, the Election Committee posted the vacant position and the schedule for filing of candidacy. 4 Board of Directors 1 Audit Committee 1 Election Committee

30. AUDIT COMMITTEE REPORT
The audit work has covered financial, management, and social aspects of the Cooperatives. Financial audit covered the evaluation of financial activities of the cooperative, management audit, the monitoring of policies and processes relative to the operation of the cooperative and social audit, assessment of the social impact of the cooperative to its members, the community and the environment.
The Committee has brought to the attention of Management and the Board of Directors (BOD) audit observations which we believe contribute to the betterment of the Cooperative. The following were the highlights:

31. AUDIT COMMITTEE REPORT
Financial
On the preparation and fair presentation of the financial condition, results of operation and flow of funds, the Committee recognizes that the responsibility rests upon Management. The Committee’s part was to make certain there is reasonable assurance that accounting policies were followed and that informed judgement has been used by Management in the preparation and presentation of the cooperative financial affairs. In the overall, the audit work reveals there is such an assurance.
The Audit Committee regularly reviewed the Interim Financial Statements and has conferred with management on several matters that needed some discussion. One of which is on the merging of the Land and Building accounts on the Statement of Financial Condition. The Committee recommended that the accounts be broken down into two – Land and then Buildings, and that appropriate adjustments be made on the recorded accumulated depreciation. The recommendation was partly implemented as the two accounts were already presented separately. Other observations and recommendations were left to the discretion of Management and BOD.
The Audit Committee noted that there is a functional External Audit done by a licensed and CDA-accredited auditor. This raises the credibility of the coop’s financial presentation.

32. AUDIT COMMITTEE REPORT
Operations and Management Audit
The Committee brought to the attention of the BOD at least two issues that need to be addressed for the betterment of Management and Cooperative operations. One is on the approval of loans. We noted that the Cooperative has that good practice of adopting different levels of approval depending on the amount of loan. It is believed that such levels of approval contribute to efficiency in the delivery of service as for instance, a member availing of lower amount of loan can easily obtain the loan without passing through different levels.
Aconcern raised by the Committee is on personnel matters. This includes completeness of Personnel Records, Policies and Procedures in hiring, and the vacancies which were not filled out. Management has acknowledged the report and assurance was made improvements will be made on this aspects. It was also noted that a revised “Personnel Policies” is being worked out at the level of the Board of Directors.

33. AUDIT COMMITTEE REPORT
Social Audit
A survey has been conducted to find out sentiments of members regarding the services of the Cooperative. The result revealed that members generally find it easy to air their opinions, ideas and feedback to the Cooperative. Members are generally satisfied with the Cooperative services. And, members generally feel a positive impact of the cooperative to their income, livelihood, and assets. This signals a healthy relationship between Management and the Cooperative members. Management and cooperative staff are commended for sustaining efforts for maintaining member satisfaction.
The BOD too has acknowledged specific recommendation by members gathered during the survey and expressed assurance that suggestions shall be acted upon.
All in all, 2015 still has been a good year for the Cooperative. Congratulations to all. Thank you.

34. EDUCATION COMMITTEE REPORT
ACCOMPLISHMENT REPORT CY 2015
DATE
ACTIVITIES
ACCOMPLISHMENT
VENUE
January 10, 2015
Conducted PMES
January-December 2015
72 participants
BSU Elementary Canteen
February 14, 2015
130 participants
March 14, 2015
144 participants
April 14, 2015
68 participants
May 9, 2015
118 participants
June 13, 2015
55 participants
July 11, 2015
85 participants
August 8, 2015
92 participants
September 12, 2015
131 participants
October 10, 2015
100 participants
November 14, 2015
98 participants
December 12, 2015
97 participants
TOTAL PARTICIPANTS
1,190
March 31, 2015
Conducted Seminar
Basic Coop Management and Governance
-Management
-BOD
-Officers
Chrysanthemum Hall, BSU

35. EDUCATION COMMITTEE REPORT
April 7, 2015
Meeting
Agenda:
Changes in the conduct of the pre-membership seminar
a. Focus only in the history of BSUMPC
b. Advantages of joining cooperativism and reasons for attending PMES
c. Management and operation of the BSU MPC
FITS Center, BSU

36. EDUCATION COMMITTEE REPORT
April 7, 2015
Meeting
Agenda:
2. Financial Assistance /
Scholarship Grant Policies
The number of grantees shall be increased from 6 to 10 include students enrolled in other schools aside from BSU
The grant shall also be increased to fifteen pesos only (PhP 15,000.00) per student/semester regardless of where they are enrolled in
●Average grade should be 2.5 or 80%
●3rd year college
● Parents should be a member
●Document requirement shall apply
FITS Center, BSU

37. EDUCATION COMMITTEE REPORT
April 7, 2015
Meeting
Agenda:
Social Audit and the Education Committee
● The continuing education is part of the corporate social responsibility of the cooperative and such activity is lodged with the education committee.
●One activity is to conduct trainings for interested future officers in coordination with the management
FITS Center, BSU

38. EDUCATION COMMITTEE REPORT
July 29-31, 2015
Training
Training of Trainers for Education Committee
Attended by Mr. Nardo Pastor and Amelia Kimeu
- Travel report was submitted
Piña Collina, Tagaytay City
4. Brochure on the BSU MPC
● The brochure was already prepared by Ms. Kimeu. Additional information such as the updated version of the mission and vision of the BSU MPC shall be included. It shall be presented to the BOD for critiquing once it is completed
- The brochure was already submitted last August to Director Julia Solimen and a copy to the Jane T. Asiong, Manager BSU MPC

39. EDUCATION COMMITTEE REPORT
October 14-18, 2015
International Educational Field Tour
The following members of Education Committee joined the educational tour to different cooperatives and other historical places
-Director Julia Solimen
-Mr. Nardo Pastor
-Ms. Amelia Kimeu
Bangkok, Thailand

40. CREDIT COMMITTEE REPORT
CREDIT COMMITTEE ACCOMPLISHMENT REPORT CY 2015
The CRECOM had two meetings to deliberate on loan applications and three special meetings.
First meeting was on April 24, 2015 at 12:00nn – the Committee went over the list of loan applicants for the previous meeting (January 30, 2015) and there was a loan release of 1.5 million. There were 10 loan applications deliberated and the meeting was adjourned at 2:40pm.
Second meeting on July 6, 2015 at 12:00nn – the agenda were the following:
Finalization of semi-annual report: Submitted to the Board Secretary
Formulation of CRECOM policies: Schedule of meetings is every 12:00nn onwards with special meetings as the need arises and the use of Coop T-shirt during meetings
Deliberation on loan applications – There were five applicants for loan

41. CREDIT COMMITTEE REPORT
First special meeting at Calajo Restaurant on July 2, 2015 (12:00nn) – Discussed CRECOM report and plans for the BOD meeting
Second special meeting at Calajo Restaurant on September 9, 2015 (12:00nn) – Discussed on the proposal questionnaire for the monitoring of loans approved by the CRECOM
Third special meeting at Inglay Restaurant on December 28, 2015 (12:00nn) – Discussed and prepared the CRECOM accomplishment report for 2015 covering the months of April to December The agenda were the following:
Submit the functions and responsibilities of the CRECOM based on the seminar on Cooperative Good Governance Seminar
Prepared suggestions for the CRECOM
Prepared the accomplishment report for 2015

42. CREDIT COMMITTEE REPORT
The CRECOM members attended the seminar on Cooperative Good Governance held at the Chrysanthemum Hall R & R Bldng, BSU on June 27, 2015 and the Annual Planning held at the PTA Resort, Bolasi, San Fabian, Pangasinan on October 24-25, 2015.
Ester Fianza participated in the Cooperative Study Visit in Thailand on October 14-17, 2015 and the Regional Cooperative Month Celebration at Luna, Apayao on October 27-28, 2015.
Ester Fianza and Samuel Poliden joined the BOD lunch at El Cielito Inn last December 19, 2015.
Lastly, the CRECOM was very grateful to the BSU MPC for giving the chance to work with the Cooperative.

43. ETHICS COMMITTEE REPORT
ACCOMPLISHMENT REPORT CY 2015
ACCOMPLISHMENT
REMARKS
Conducted a series of reviews of the Code of Ethics and Ethical Standards for BSUMPC together with Director P. Banda-ay, and with Directors E. Chua and M. Buliyat, respectively.
The group edited some of the sections/contents of the said code to best suit the Cooperative’s delivery of service to clients; proposed refinements/amendments were submitted to management.
Participated in a Joint Meeting with the Election Committee and BOD representatives on May 22, for the refinement of the BSUMPC Code of Conduct and Ethical Standards particularly onItem 2.5 (Prohibition of Dual Membership).
Suggestions to the effect were presented to the BOD.
Through the Committee’s initiative suggestion boxes were installed at the BSUMPC Main Office
Two (2) suggestion boxes were installed at the BSUMPC Main Office

44. ETHICS COMMITTEE REPORT
The Committee conducted regular meetings to discuss concerns; from the suggestion boxes issues/concerns of members were addressed, which include the following:
Concern on the Coop’s operating hours
Concern on slow service from some staff members
Discourteous staff members
The Committee subsequently reported to the BOD the abovementioned comments from clients together with its recommendation for the BSUMPC personnel/staff, particularly those directly involved with the clients to undergo "Customer Care" reorientation training/seminar.
The Manager mentioned that although the management staff are reporting earlier than the actual start of office hours, required setting up/preparations prevent them from operating earlier. A “No Noon Break Policy” may be considered in the future.
Issue was brought to the Manager’s attention
Issue was brought to the Manager’s concern and she subsequently corrected and reminded concerned staff members to always be courteous to clients.

45. ETHICS COMMITTEE REPORT
Attended trainings, seminars, and other activities
Basic Cooperative Management and Governance on June 27, 2015 at the Chrysanthemum Hall of Benguet State University.
Annual Cooperative Planning Workshop at San Fabian, Pangasinan on Oct , 2015
Joint Committee and BOD meetings