What is a FOCCUS Cooperative?
A cooperative that is certified FOCCUS means it has achieved STRINGENT INTERNATIONAL PRUDENTIAL STANDARDS geared towards providing you the best financial service. These financial ratios are based on the Model Credit Union Building (MCUB) methodology designed by the World Council of Credit Unions, Inc. (WOCCU) – an apex trade organization of over 37,000 credit union/cooperative member organizations in over 90 countries worldwide.
Using an international monitoring tool called the P.E.A.R.L.S. System, FOCCUS coops maintain ratios and financial disciplines that provide adequate provision for loan losses, ensure high repayment of loans, build internal resources through savings mobilization, and accumulate general reserves. FOCCUS cooperatives adhere to disciplines that manage the cooperative’s liquidity to promptly serve both savers and borrowers. It works toward good quality of loan portfolio. Through the MCUB methodology, cooperatives are guided to be cost efficient in its operations and to control non-earning assets.
Adherence to these international principles ensure your cooperative’s sustainability in the years to come.
In other words, your money is safe and is assured to grow with a FOCCUS cooperative.
The FOCCUS-Branded Cooperatives are:
- Agdao Multi-Purpose Cooperative (AMPC)
- Bansalan Cooperative Society (BCS)
- First Community Cooperative (FICCO)
- Kapalong Cooperative (KC)
- Mediatrix Multi-Purpose Cooperative (MMPC)
- Nabunturan Integrated Cooperative (NICO)
- Panabo Multi-Purpose Cooperative (PMPC)
- Pantukan Chess Club Cooperative (PCCC)
- Samal Island Multi-Purpose Cooperative (SIMC)
- Sta. Catalina Multi-Purpose Cooperative (SCMPC)
- Tagum Cooperative (TC)
- USPD Savings and Credit Cooperative (USPD-CC)
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