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Tagum Cooperative
Tagum Cooperative is one of the largest cooperatives in Mindanao, Philippines as it is classified by the Cooperative Development Authority (CDA) of the Philippines as a ''large cooperative'' . It is composed of over 117, 000 members as of June 2015 coming from Tagum City, Davao del Norte and towns and cities throughout Region XI and in CARAGA region. History It was branded a Finance Organization achieving Certified Credit Union Standards (FOCCUS) in the year 2000 by the World Council of Credit Unions (WOCCU), based in the United States of America (USA), through its outreaching- cooperative program office in the Philippines, popularly known as the Credit Union Empowerment and Strengthening (CUES)- Philippines. Cooperative highlights and financial standing Affiliations * National Confederation of Cooperatives (NATCCO) *Mindanao Alliance of Self-help Societies- Southern Philippines Educational Cooperative Center (MASS-SPECC) *Model Cooperative Network (MCN) *CLIMBS Life & Gene ...
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Tagum City
Tagum, officially the City of Tagum ( ceb, Dakbayan sa Tagum; fil, Lungsod ng Tagum), is a 1st class component city and capital of the Davao del Norte, Philippines. According to the 2020 census, it has a population of 296,202 people making it the most populous component city in Mindanao. It is one of the topmost livable cities in the Philippines, and was one of the finalists in Most Child-Friendly City in the Philippines – Component Category along with Laoag, and Talisay, Cebu. In the recently released 2021 Cities and Municipalities Competitiveness Index (CMCI), the City of Tagum ranked third on the Overall Competitive Component Cities in the Philippines, fourth on Infrastructure, second in Resiliency, thirteenth on Economic Dynamism and first on Government Efficiency. Geography Tagum has a total land area of , which is predominantly agricultural, and produces various kinds of crops like coconut, rice, Cavendish banana, fruit trees like durian, lanzones and other agric ...
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Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic state, archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of aro ...
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Finance And Insurance
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financi ...
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Mindanao
Mindanao ( ) ( Jawi: مينداناو) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of the same name that also includes its adjacent islands, notably the Sulu Archipelago. According to the 2020 census, Mindanao has a population of 26,252,442 people, while the entire island group has an estimated population of 27,021,036 according to the 2021 census. Mindanao is divided into six administrative regions: the Zamboanga Peninsula, Northern Mindanao, the Caraga region, the Davao region, Soccsksargen, and the autonomous region of Bangsamoro. According to the 2020 census, Davao City is the most populous city on the island, with 1,776,949 people, followed by Zamboanga City (pop. 977,234), Cagayan de Oro (pop. 728,402), General Santos (pop. 697,315), Butuan (pop. 372,910), Iligan (pop. 363,115) and Cotabato City (pop. 325, ...
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Davao Del Norte
Davao del Norte ( ceb, Amihanang Dabaw; tl, Hilagang Davao), officially the Province of Davao del Norte, is a province in the Philippines located in the Davao Region in Mindanao. Its capital and largest city is Tagum. The province also includes Samal Island to the south in the Davao Gulf. Before 1967, the five provinces—Davao de Oro, Davao del Norte, Davao del Sur, Davao Occidental, Davao Oriental—and Guipuzcoa were administered as a single province named Davao (province), Davao, a provincial district of the Department of Mindanao and Sulu. The present-day Davao Region is coterminous with this former province. Davao del Norte is also known as "The Banana Capital of the Philippines." History Davao del Norte and Davao de Oro (Compostela Valley) by R.A. 8470, January 30, 1998, together with Davao Oriental, and Davao Occidental from Davao del Sur by R.A. 10360, July 23, 2013, used to be a whole province simply known as Davao (province), Davao Region. This original province w ...
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Assets
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, incl ...
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Philippine Peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called centavos. The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Spanish America. Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac."Overview of the BSP"
Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on Oc ...
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Deposits
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or ...
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National Confederation Of Cooperatives
The National Confederation of Cooperatives (NATCCO) is the largest cooperative federation in the Philippines with 760 member cooperatives and Non-governmental Organizations NGO in 77 Provinces and 130 Cities and Municipalities as of June 2015. History The National Confederation of Cooperatives (NATCCO) was organized by credit union pioneers in the Philippines who believed that the task of co-op development lies primarily in the hands of the private sector. As early as the 1950s to 70s, co-op sector leaders were aware that in order to succeed they could not rely on government alone. Instead, co-ops have to be driven and patronized by their members and it is only through co-op education that this level of member patronage and responsibility can be established. In the 1950s to 70s, a large number of primary co-operatives formed five regional co-op training centers (secondary cooperatives). In 1977, the five regional training centers formed NATCCO, then known as the National Associat ...
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Co-ops
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
'' International Cooperative Alliance.''
Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume their goods and/or services (a ...
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