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Good Shepherd Parish
Fairview Park Credit Cooperative

“Building a better tomorrow”

Parish Cooperative Board of Directors (2005-2006)

What is a Credit Cooperative?

A credit cooperative is a duly registered financial organization owned, operated and patronized by its members, the primary purpose of which is to:

1. encourage savings among its members
2. create a pool of savings on which loans for productive or provident purposes may be granted to its members; and
3. provides related services to enable its members to maximize the benefit from such loans.

What are the benefits enjoyed by members of the credit cooperative?

A. Economic benefits

a. Members develop the habit of thrift and the wise use of money;
b. Members avail of loans at normal rate of interest for productive purposes, thus, increasing their income;
c. It propagates cooperative practices and new ideas in business and management.

B. Social benefits

a. Members develop awareness in solving common problems or needs among themselves;
b. Members develop the belongingness, love and concern for fellow men;
c. Membership in the cooperative inculcates unified participation in community affairs.

Who may join the cooperative?

1. Filipino citizen and a resident of Fairview, Quezon City;
2. At least 18 years of age;
3. Willing to avail of the services of the cooperative particularly the savings, loans and other allied services relative to the credit cooperative;
4. Meets the qualifications prescribed in the by-laws.

How can one become a member?

A person who wishes to become a member must:

1. Submit a written application on a form provided for the purpose to the Board of Directors through the secretary of the cooperative;
2. Pay a membership fee, the amount of which is prescribed in the by-laws;
3. Subscribe for a minimum of 100 shares of the authorized capital.

Board of Directors
2005-2006

Atty. Mariano P. Palazo
Chairman

Mr. Horace F. Dumlao
Vice-Chairman

Members:
Ms. Nimia G. Pallasigui
Ms. Nenita P. Brillo
Ms. Ludivina B. Gonzales
Ms. Nene D. Cruz
Ms. Clarita M. Salvan

Adel O. Morales
Executive Finance Manager

Teresita M. Talampas
Board Secretary

Nenita P. Brillo
Treasurer

Audit Committee
Melchor Abanilla
Bobby Rejano
Francisca Brillantes
Celso Ramos

Credit Cooperative
(Ad Hoc)
Clarita M. Salvan
Ludivina B. Gonzales
Nene D. Cruz

Education Committee
Teresita M. Talampas
Gloria Bautista
Adel R. Solomon

For more information, please contact Kuya Mar Palazo at tel. no. 936-3630 or Ate Tita Talampas at tel. no. 938-1537 or 938-1904.