The Power of Women

Who says that woman cannot survive without a man?

Not anymore for BCS SCWE women... Women got it all from SCWE.

The guts...

The knowledge...

The strength...

And the Power...

These women undergo training on how to handle their money and establish their own livelihood.

See now the difference.

Go girls!

How to be a MEMBER?

If you are interested, then visit the BCS Office near to your homes.

















WHAT ARE THE DUTIES OF MEMBERS AS OWNERS?
Contribute to the capital
Deposit regularly
Serve when elected
Participate in the decision-making through the general assembly and other membership meetings
Participate in coop activities
Promote the coop


WHAT ARE THE RIGHTS OF MEMBERS AS OWNERS?
Vote
Be voted upon
Receive reports and information
Recommend policies
Receive interest on capital contribution according to established policies


WHAT ARE THE PRIVILEGES OF MEMBERS AS CUSTOMERS?
Receive quality service
Provided with efficient service
Treated well by people handling the business especially the staff
Receive the patronage refund

Savings and Credit With Education (SCWE)

This is a microfinance program for women. Savings and Credit with Education (SCWE) is a type of program that observes the guarantee system.

First, a group of five to seven women must organize themselves. This group should again form a bigger group.

BCS grants loan to these women as a solidarity group. The SCWE members pay for sixteen (16) weeks or four (4)months.

For now, BCS is encouraging SCWE members to invest their capital to BCS in order to be a regular member of BCS.

Vendor's Loan and Savings Program (VLSP)

This is a microfinance program which is intended to provide working capital for store owners, market vendors, and small entrepreneurs.

Loanable amount is P 1, 000.00 to P 50, 000.00, payable in 60 days (2 months) at the interest rate of 5% every month. This is the type of loan called "arawan" which is for the purpose of establishing income generating projects (at least daily income projects).

Member saves a uniform amount daily for sixty (60) days: (Loan amount X 120%) /60 days. For instance, loan amount is P 1, 000.00, the daily savings is P 20.00.

At the end of 60 days, the amount of loan plus interest will be offset against savings. So, in a loan of P 1, 000.00, the net savings after 60 days is P 100.00.

Member may withdraw 25% of his/her Savings at the end of 60 day cycle. Member should have P 300.00 maintaining balance. Loan may be renewed after the cycle with no service fee.

Apply now!

Credit Assistance for Retired Employees (CARE)

At your age you can still enjoy because there is someone who CAREs for you – Bansalan Cooperative Society.

What is the purpose of this product?

- To cater the needs of the retired private or government employees receiving pensions from SSS or GSIS through loan assistance at a very low interest rate

Who can avail?

- Any SSS or GSIS pensioner who has no existing loan with other lending institution

- Those who want that BCS will buy out their ATM/pension benefits from other financial institution

- Those who are not suffering from illness or being confined in any clinic or hospital

- Those who are not subject for surgical operations

- Has a regular monthly pension, withdrawable in any institution based in BCS area of operation

How to avail?

- Visit the nearest BCS office in your community and be willing to attend the Pre-membership Education Seminar (PMES)

- If you feel you are qualified fill up the application form and pay the membership fee.

And you can start your transaction!

How are you going to pay?

- Monthly amortization shall not exceed to 60%-70% of monthly pension

- Avail the 20% interest rate per annum

Brief History

BCS: Yesterday and Today

The Bansalan Cooperative Society (BCS) is a medium sized Cooperative whose total assets and annual profits experienced unprecedented growth starting FY 1997 to date.

BCS was formally organized on July 30, 1967. Through the initiation of the Parish Priest, 35 people banded together and contributed a total of P650.00 in share capital to form the Bansalan Parochial Cooperative Credit Union (BANPACCU). This new cooperative was registered by the Cooperative Administration Office on November 7, 1967 as an Agricultural Cooperative pursuant to Republic Act No. 2023. The Parish convent administration offered a small space for an office to enable the Cooperative to start its operations.

On the fourth year of its existence the leaders decided to practice self-reliance by moving to a new location outside the Church compound. A small building was offered by one of its members to accommodate the non-catholic sectors of the community. Subsequently, the word “Parochial” was dropped out from its name, thus changing it to BANSALAN COOPERATIVE CREDIT UNION, INC. (BANCOCU).

In compliance with the government policy in 1977, the name was again changed, this time to BANSALAN KILUSANG BAYAN FOR CREDIT, INC., pursuant to Presidential Decree No. 175 and Letter of Implementation No. 23. Encouraged by the Government policy allowing cooperatives to engage in other lines of business in addition to their original single line operation, in 1979 BCS became a Multi-purpose Cooperative and the name of the Cooperative was changed to BANSALAN COOPERATIVE SOCIETY, INC., under BACOD. This name was confirmed officially on March 21, 1991 upon registration with the Cooperative Development Authority (CDA).

BCS remained stagnant during the first 30 years of its existence. Its membership did not grow beyond 750 and its image was very poor. It was located on the second floor of the public market building and it occupied a very small office space. The borrowers had to wait for days for loan releases due to insufficient funds. BCS also operated a small copra buying business to accommodate the copra production of its members.

In 1997 BCS was invited to join the CUES System. CUES Philippines was a project of the World Council of Credit Unions. This project was funded by the USAID. The objective of CUES was to develop existing cooperatives into Model Credit Unions through the implementation of the Model Credit Union Building methodology. When CUES came the cooperative had just closed its supermarket and its palay trading and milling business due to unprofitable operations.

CUES emphasized that it did not have the capability to help BCS in its copra business because they only had the technology for Model Credit Union Building (MCUB). CUES recommended to phase out the copra trading but when this proposal was submitted to the General Assembly the members appealed for the continuation of the copra buying operation to enable them to pay their loans. The clamor of the members was upheld and it was decided to spin-off the credit operation from the multipurpose operation.

The BOD and other officers of the BCS Multipurpose Cooperative automatically became the BOD and officers of the BCS Credit Cooperative. This arrangement was approved by the General Assembly. For purposes of economy BCS decided to have only one set of BOD and officers. As a result, all transactions with outside partners and funding agencies were made in the name of the BCS Credit Cooperative.