Philippine Cooperative Sector: Some vital stats

CDA Chairman Dr. Emmanuel Santiaguel, PhD delivering the State of the Cooperatives Address (SOCA).

1.    There are 11.7 million Filipinos who are members of cooperatives, or about 10% of the population as of September 30, 2012; 

2.    There are 22,133 registered cooperatives  at present, the rate of increase had dropped compared to previous years because of cooperatives branching out  instead of new cooperatives being registered. The Cooperative Development Authority (CDA) issued 134 Certificates of Authority and Recognition to coop branches and satellite offices nationwide;

      3.    An estimated P160,986,472,748 volume of business was generated by the cooperative sector;

      4.    Almost 76% of cooperatives  are classified as Micro Scale, with assets of not more than three (3) million pesos and 16.16% are classified as Small Scale;

      5.    Only 6.74% of the cooperatives belong to the Medium Scale;

      6.    About 334 (1.62%)registered cooperatives belong to the Large Scale;

      

      7.    The combined Large Scale and Medium Scale cooperatives contributed a total of P122,775,397,027 volume of business and total assets of P108,637,570,716. This means that majority of the cooperatives are those that have assets of not more than three (3) million, prone to financial difficulties and with little or no capacity to expand to meet the needs of the their members-clients;

 8.    More than 65% of registered cooperative are multi-purpose;

 9.    About 11.23% are engaged in credit and lending;

     10.  More than 5% are service and producer cooperatives;

      11.  There are 4.96% consumer cooperatives;

     
      12.  There are 3.59% marketing cooperatives and the rest represent 1% of the total;

13.  In 2011, the cooperative sector generated 141,260 indirect and 201,225 direct employments;

      14.  As of July 2012, the Cooperative Development Authority (CDA) have 100% active Regional CDC, 63% from Provincial Council, City Council with 80.1% and Municipal with only 38.91% Council who are actively participating with our cooperative development programs;

      15.   The CDA has received only a total of 11,944 CAPRs and only 11, 692 coops submitted Audited Financial Statements. (49% of the cooperatives has yet to submit these reports);

     16.   As of September 2012 the CDA has only 5,191 approved ACBL amendments out of 8,023 applications received; 

     17.   The cooperative sector has available services of only 831 total accredited individual CPAs and 87 firms nationwide that will handle the audit of the financial statements of the cooperatives; and

      18.   The amendment of CDA Charter and the mandatory creation of the Cooperative Development Office in the Local Government Units is still being scrutinized and deliberated upon on its 3rd and final reading in congress. 

Source: State of the Cooperative Address (2012 National Cooperative Summit)  /cds