The Virtual Credit Union Study Visit Program was hosted by Association of Asian Confederation of Credit Unions (ACCU) and National Confederation of Cooperatives (NATCCO) featuring Tagum Cooperative (TC) on June 14, 2022. The program was attended by more than 140 CU leaders, managers and volunteers from Bangladesh, Hong Kong, India, Indonesia, Japan, Nepal, Philippines, Sri Lanka and Thailand.
TC was founded in 1967. As of April 2022, it has 141,413 members and 65,885 youth members, 3,906 Billion PHP of share capital, 4,633 Billion PHP of deposits and 7,999 Billion PHP of loan portfolio. Besides, it is the first ACCESS – GOLD accredited credit union in Asia from ACCU due to its outstanding professional management and excellent member services in helping people to improve their lives. Due to Covid19 pandemic, there is limited operational movement and global economic crisis. According to the Republic Act, the President has temporary emergency powers on mandatory grace period for loan and credit card payments in the Philippines such as loan relief payment of amortization and 120 days grace period for loan payments. Even in pandemic, 2021 up to present, TC expands its Business Operations with 7 new satellite offices across 5 regions of Mindanao in Philippines and launching new products to members.
In addition, TC provide Youth Program to schools and online trainings conducted by teachers, youth members and their parents, and also upgrading Youth Members to becoming Regular Member. Furthermore, it grants any further education, trainings, information and social services to its member and community, gender & development activities, upgrading Mobile Application Features such as fund transfer to banks, insurance and loan payments, and enhancing website for better online member experiences.
