Introduction

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What is a Cooperative?

A cooperative 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.  It is a business organization owned and operated by a group of individuals for their mutual benefit.

The Seven Principles of Cooperatives

1. Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

2. Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions.  Men and women serving as elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.

3. Member Economic Participation

Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. They usually receive limited return, if any, on capital subscribed as a condition of membership.  Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

4. Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.

5. Education, Training and Information

Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public — particularly young people and opinion leaders — about the nature and benefits of cooperation.

 

6. Cooperation among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

7.  Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.

 

 


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Announcements

55th General Assembly Notice
2017-02-13
February 2, 2017 Dear Fellow Cooperators, Our very special event, the Annual General Assembly meeting will be held on Saturday, March 11, 2017 at 1:00 P.M., in the Claire Isabel McGill Luce Auditorium. The registration will commence from 12:00 noon until 1:00 p.m. at the Luce Auditorium lobby. A cash gift of Two Hundred Pesos (Php200.00) will be given to cover snacks and door prize. The cut-off time for the cash gift will be 2:00 p.m. while the cut-off time for the major prize will be at 1:30 P.M. May we remind you of the following: Dress code (Please do not wear slippers and shorts); Only members whose transaction with SUCC started on or before June 30, 2016 (new members) shall be entitled to Interest on Share Capital (IOSC) and Patronage Refund (PR); Members with defaults in payments (principal, interest and penalty), inadequate contribution to the minimum capital build-up (Php2,400.00 per year) and insufficient SSF and SCF contributions shall have their IOSC and PR applied to such deficiencies; Per 1997 General Assembly Act, 10% of the members’ IOSC and PR will also be automatically credited to their share capital; 5.Updates on individual profile (including 2x2 picture) should be submitted on or before  the General Assembly (Membership Profile form attached); Attendance in the General Assembly (GA) is part of the requirements to avail of a loan.  If you cannot attend the GA meeting, please submit an excuse letter to the Manager or the Chair of the Board on or before the scheduled meeting. We encourage all SUCC members to invite at least one (1) person (SU Alumni, SU & SUMCFI regular Faculty/Staff, spouses of regular member from Silliman and Gainfully employed children of an existing member) to attend our PMES to be conducted before the start of the meeting (10:00 to 12:00 noon) at SUCC training area, 2nd floor, SUCC building, Gate 7, Silliman University Campus.  Every recruited applicant who will be duly approved by the Board of Directors will entitle the recruiter/member of a token. It is our prayer that you will really take time to attend our assembly. See you on March 11, 2017, and may God bless our Cooperative. Sincerely,   LOREN ANN C. LACHICA Acting Board Secretary Noted:   PROF. FRANCISCO E. ABLONG, JR. Chair of the Board


NOTICE OF NO OFFICE
2016-12-19
December 20, 2016   TO ALL SUCC MEMBERS:   PLS BE INFORMED THAT WE WILL NOT HOLD OFFICE on the following dates:   December 22, 2016 – (PM only) December 23, 2016 – (Whole day) December 26, 2016 – Special Non-working Holiday January 2, 2017 – Special Non-working Holiday   WE WILL HOLD OFFICE on December 27, 28, and 29, 2016.   Office will resume on January 3, 2017.   See you…   PLEASE BE GUIDED ACCORDINGLY.   BY: MANAGEMENT


Sign Up Form
2016-06-12
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General Assembly Meeting
2016-02-16
February 10, 2016   Dear Fellow Cooperators,   Our very special event, the Annual General Assembly meeting will be held on Saturday, March 12, 2016 at 2:00 P.M., the Claire Isabel McGill Luce Auditorium.   The registration is from 1:00 – 2:00 P.M. at the Luce Auditorium lobby. A cash gift of Two Hundred Pesos (Php200.00) will be given to cover snacks and door prize. The cut-off time for this cash gift is 3:00 P.M. while the cut-off time for the major prize is 2:30 P.M.   May we remind you of the following:   Dress code (Please do not wear slippers and shorts);   Only members whose transaction with SUCC started on or before June 30, 2015 (new members) shall be entitled to interest on share capital and patronage refund;   Members who have defaults in payments, interest and fees or lack contribution to the minimum capital build-up of Php2,400.00 per year and lack SSF and SCF payments shall have their interest on share capital and patronage refund (PR) applied to such deficiencies;   Per 1997 General Assembly Act, 10% of the members’ interest on share capital and PR will also be automatically credited to their fixed deposit;   Updates on individual profile (including 2x2 picture) should be submitted at SUCC Office c/o Ms. May Lanie A. Dandal on or before  the General Assembly (Membership Profile form attached to Notice);   Attendance in the General Assembly (GA) is part of the requirements to avail of a loan.  If you cannot attend the GA meeting, please submit an excuse letter to the Manager or the Chair of the Board on or before the scheduled meeting.


Nomination form for SUCC Election 2016
2016-01-28
Nomination form for SUCC Election 2016 is now available at the office. Deadline for submission is on or before February 8, 2016 at SUCC Office. Thank you.


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1STSUCCPARADEWITHT-SHIRT(1997

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