The cooperative landscape in the Philippines has seen remarkable growth and transformation, making a significant impact on the nation’s socio-economic development over the past years.
However, this industry would not be where it is now if not for the leading cooperatives that have set the standard in financial stability, community support, and innovative practices.
So, what exactly makes a cooperative a cut above the rest? What are the top cooperatives in the country based on performance metrics that have propelled them to the forefront of this sector?
These top 30 cooperatives have excelled in various areas, such as asset size, revenue growth, and overall financial health, establishing themselves as pillars of the cooperative movement in the Philippines.
They have demonstrated exceptional capabilities in utilizing assets efficiently, generating consistent revenue, and supporting their members and communities through diverse services and programs.
By examining their performance trends, including productivity, profitability, financial stability, and liquidity, we can understand the factors contributing to their success.
Additionally, the role of digital transformation and regulatory support in enhancing their operations and service delivery cannot be overlooked.
Significance of Cooperatives in the Philippines
Cooperatives play a major role in the socio-economic development of the Philippines.
They empower communities, enhance financial inclusion, and support local economies.
Cooperatives provide essential services and resources to their members, contributing to improved livelihoods.
They are particularly significant in rural areas where access to financial services is limited.
By pooling resources, cooperatives enable members to achieve economic goals that would be difficult to accomplish individually.
Cooperative Landscape Performance in Recent Years
The performance of cooperatives in the Philippines has seen significant developments.
Improvements in productivity, efficiency, and profitability have been observed across various sectors.
Cooperatives have shown better asset utilization and revenue generation capabilities.
For instance, the total asset turnover ratio has improved, indicating higher productivity.
Return on Equity (ROE) has also seen a positive trend, reflecting enhanced profitability.
Financial Performance Trends
Productivity and Efficiency
Asset Turnover: Cooperatives have improved their asset utilization to generate revenue.
Revenue per Employee: There is better workforce productivity, contributing to higher income generation.
Profitability
Return on Equity (ROE): Increasing ROE indicates effective profit generation from equity bases.
Net Income Margin: Improved cost management has led to higher profitability ratios.
Financial Stability
Solvency Ratios: Strong solvency ratios show that cooperatives can meet long-term obligations.
Liquidity Ratios: Positive trends in current and quick ratios indicate sufficient liquid assets to cover short-term liabilities.
Metrics to Evaluate Cooperative Performance
Evaluating the performance of cooperatives involves several key metrics.
These include productivity, profitability, financial stability, liquidity, and asset quality.
Total Asset Turnover: Measures asset efficiency in generating revenue.
Return on Equity (ROE): Indicates profitability relative to shareholders’ equity.
Net Income Margin: Percentage of revenue remaining as profit after expenses.
Current Ratio: Ability to pay short-term obligations with current assets.
Quick Ratio: Stricter measure of liquidity excluding inventory from current assets.
Best 30 Coop in the Country
1. ACDI Multipurpose Cooperative
With an asset base of over PHP 33 billion, ACDI is the largest cooperative in the Philippines. Its strength lies in its extensive range of services, from financial products to social services. ACDI’s consistent asset growth reflects its solid financial management and broad member base.
2. PLDT Employees Credit Cooperative (PECCI)
With PHP 4.46 billion in assets, PECCI is supported by a large corporate employee pool. Its financial stability is enhanced by regular contributions from PLDT employees. PECCI has shown steady growth, leveraging its strong capital base to expand member benefits.
3. AFP Finance Center Multi-Purpose Cooperative
This cooperative has PHP 3.14 billion in assets and benefits from a stable membership of military personnel. Consistent contributions from its members ensure financial growth. AFP Finance Center has a robust framework for providing diverse financial services.
4. Metro South Cooperative Bank
With PHP 3.06 billion in assets, it focuses on banking services for cooperatives. Its strength lies in fostering a strong financial foundation and consistent revenue streams. Metro South has shown steady growth by supporting other cooperatives’ financial needs.
5. National Confederation of Cooperatives (NATCCO)
NATCCO has PHP 2.78 billion in assets and serves as a national federation. It provides financial and developmental support to numerous member cooperatives. NATCCO’s growth is driven by its extensive network and support services.
6. Bureau of Jail Management and Penology Multipurpose Cooperative (BJMP MPC)
With PHP 2.78 billion in assets, BJMP MPC leverages its stable government employee base. Strong financial growth and stability are hallmarks of this cooperative. BJMP MPC continually expands its services to meet member needs.
7. PLDT Employees Multi-Purpose Cooperative (TELESCOOP)
TELESCOOP’s assets total PHP 2.38 billion, bolstered by PLDT employees’ support. Reliable capital sources from employee contributions enhance its financial stability. TELESCOOP shows consistent growth through diversified financial services.
8. DSE (BSP) Credit Cooperative
Supported by Bangko Sentral ng Pilipinas employees, DSE has PHP 2.23 billion in assets. Its financially literate membership base ensures strong financial health. DSE’s growth trend is marked by prudent financial management and member education programs.
9. Asiapro Multi-Purpose Cooperative (Asiapro Cooperative)
Asiapro’s PHP 1.86 billion asset base reflects its focus on flexible employment opportunities. Its financial strength comes from a broad and diverse membership. Asiapro’s innovative employment solutions drive its continuous growth.
10. Perpetual Help Multipurpose Cooperative (PHCCI-MPC Tacloban)
With PHP 1.77 billion in assets, PHCCI-MPC is known for its diverse range of services. Its broad community impact is reflected in its strong asset base. PHCCI-MPC’s growth is driven by its commitment to community development.
11. Metro Ormoc Community Multipurpose Cooperative (OCCCI)
OCCCI has substantial assets of PHP 1.51 billion, supporting community-oriented programs. Its strength lies in its comprehensive services tailored to community needs. OCCCI’s growth is propelled by active community engagement and service expansion.
With an asset base of PHP 1 billion, CCT offers a wide range of financial services. Its robust asset base allows for significant member benefits. CCT’s steady growth is supported by sound financial practices and member-focused services.
13. Jollibee Foods Corporation Employees Multipurpose Cooperative (JFC EMPC or JFC Coop)
JFC EMPC’s assets total PHP 911 million, backed by one of the largest fast-food chains. Its strength lies in leveraging corporate support for cooperative growth. JFC EMPC shows consistent asset growth through diversified financial offerings.
14. Barangka Credit Cooperative
With PHP 905 million in assets, Barangka supports extensive financial services and member benefits. Its significant asset base reflects strong financial management. Barangka’s growth trend is driven by member trust and comprehensive financial products.
15. Avon Independent Managers Multi-Purpose Cooperative (AIM-MPC)
AIM-MPC’s assets of PHP 710 million are bolstered by a large membership of Avon representatives. Its strength is in providing tailored financial services to its members. AIM-MPC’s growth is marked by continuous expansion of member benefits and services.
16. Morong Retailers and Community Multi-Purpose Cooperative
With PHP 625 million in assets, this cooperative supports community development and retail programs. Its strength lies in its commitment to community support. Morong’s growth is driven by active participation and community-focused initiatives.
17. Magsaysay Multipurpose Cooperative (MAGCOOP)
MAGCOOP has PHP 588 million in assets, reflecting its diverse service offerings. Its financial strength comes from a wide range of member services. MAGCOOP’s steady growth is supported by its diverse and comprehensive service portfolio.
18. Pasig Parish Credit Cooperative
With PHP 548 million in assets, Pasig Parish offers extensive financial services for parishioners. Its strength lies in its strong community support base. Pasig Parish’s growth is driven by member engagement and effective financial management.
19. St. Vincent Ferrer Parish Multipurpose Cooperative (SVFPMPC)
SVFPMPC’s PHP 413 million in assets enable it to offer a range of community and financial services. Its significant assets reflect strong community ties and financial health. SVFPMPC’s growth is supported by its commitment to community service and development.
20. Quirino Electric Cooperative (QUIRELCO)
With PHP 446 million in assets, QUIRELCO’s strength is in its infrastructure and service delivery. As an electric cooperative, it supports its members with reliable services. QUIRELCO’s growth trend is marked by continuous improvement in service quality.
21. Diffun Saranay And Development Cooperative (DISADECO)
DISADECO’s PHP 372 million in assets support development projects and member services. Its strength lies in its commitment to local development. DISADECO’s growth is driven by active community involvement and development initiatives.
22. ADB Employees Multi-Purpose Cooperative
Backed by ADB employees, this cooperative has PHP 349 million in assets. Its financially savvy membership base ensures strong financial health. ADB Employees’ growth trend is marked by prudent financial management and diverse services.
23. Most Holy Rosary Multi-Purpose Cooperative
With PHP 204 million in assets, this cooperative supports various member services and community programs. Its strength lies in its comprehensive service offerings. Most Holy Rosary’s growth is driven by active member participation and service expansion.
24. Tanay Market Vendors and Community Multi-Purpose Cooperative
Tanay has PHP 200 million in assets, supporting market vendors and community efforts. Its strength is in fostering local business and community initiatives. Tanay’s growth trend is supported by its active community engagement and development programs.
25. Kabalikat Para sa Diyos at Bayan Multi-Purpose Cooperative (KADBAYAN MPC)
KADBAYAN MPC’s PHP 156 million in assets support community-oriented programs. Its financial resources are focused on community development. KADBAYAN MPC’s growth is driven by its commitment to serving the community.
26. Saint Bernard Multipurpose Cooperative
With PHP 156 million in assets, Saint Bernard supports a range of member services and community projects. Its strength lies in its comprehensive service offerings. Saint Bernard’s growth is marked by continuous community support and service improvement.
27. Cebu CFI Coop
Cebu CFI (Court of First Instance) is a well-established cooperative with over 155,000 members. It has been in operation since 1970. CFI not only focuses on financial services but also emphasises community integration and member support. Beyond providing loans, CFI offers various financial literacy programs, enabling members to make informed decisions about their finances. The cooperative is dedicated to fostering a culture of saving and investing among its members, encouraging them to participate actively in their financial growth.
28. Rustan Employees’ Credit Cooperative
Supported by Rustan’s employees, this cooperative has PHP 118 million in assets. Its strength comes from a stable and financially capable membership. Rustan’s growth is driven by strong member support and effective financial management.
29. Pateros Multi-Purpose Cooperative
Pateros has PHP 114 million in assets, enabling it to provide diverse services to its members. Its strength lies in its varied service offerings. Pateros’ growth trend is marked by active member participation and comprehensive services.
30. United Teachers Multi-Purpose Cooperative
With PHP 69 million in assets, this cooperative supports financial services tailored to educators. Its strength is in addressing the specific needs of teachers. United Teachers’ growth is driven by targeted financial products and member support.
31. Malabon Central Market Development Cooperative
Malabon’s PHP 41 million in assets support market development and member services. Its strength lies in fostering local business growth. Malabon’s growth is driven by active community engagement and support for local vendors.
How to Choose the Right Cooperative to Join
Choosing the right cooperative requires careful consideration of several factors.
Financial Health
Evaluate the cooperative’s financial stability by looking at its asset size, revenue growth, and profitability ratios.
Member Benefits
Consider the benefits offered to members, such as dividends, loan facilities, and other services.
Community Impact
Look at how the cooperative contributes to local development and supports community welfare.
Governance
Assess the governance structure to promote transparency, accountability, and effective management.
Innovation
Check for the cooperative’s adaptability to technological advancements and its efforts towards digital transformation.
Video: State of Cooperatives in the Philippines and Contributions of the Cooperative Sector
Amid the challenges of the COVID-19 pandemic, the Cooperative Development Authority (CDA) in the Philippines has spearheaded various initiatives to support cooperatives. These efforts include partnerships with government agencies, such as the Department of Agriculture, to manage programs like Kadiwa markets and community retail stores. The CDA has focused on capacity enhancement for farmers and fisherfolks cooperatives, financial inclusion projects, and skills development training for cooperative members. Through collaborative actions and community support, cooperatives have demonstrated resilience and solidarity in addressing the impact of the pandemic on their operations and members.
Conclusion
Cooperatives are essential to the Philippine economy, providing financial services, promoting community development, and supporting various livelihood programs.
Despite facing challenges like inadequate capital, poor management practices, and regulatory hurdles, cooperatives continue to show resilience and adaptability.
By understanding their performance metrics and choosing the right cooperative to join, members can significantly benefit from the cooperative movement.