2015

CAMCO GENERAL ASSEMBLY

March 31, 2015
Tsinoys Pares and
Mami Restaurant
Tiano St., CDO

The Promise of a New Day

Registration

- started at 10:30 am with Mrs. Ma.

Cristina A. Villarin as recording
secretary @ Tsinoys Pares and
Mami, Tiano St., CDO

Prayer

-Mrs. Edna A. Eligan delivered a

meaningful, very heartfelt prayer

Determination of Quorum

- Mrs. Cielo Grace Y. Moranta, the

secretary, determined the no. of
members present and declared that
the assembly reached a quorum of
29 members

Call to Order

- Mr. Vincent C. Hojas, BOD

chairman , called to order the 2015
CAMCO General Assembly at exactly
11:26 am
- Mrs. Moranta, BOD Secretary went over
the house rules

Election for the 4th & 5th BODs

Mr. Larry B. Tubalado and Mr. Adel R.

Cambangay were reelected as 4th &
5th members of the BODs ( 16 votes
for each)

- Mrs. Judy B. Anero, an ELECOM member

facilitated the canvass of votes for the 4th
& 5th BODs, AUDITCom, and
ELECTIONCom with Mrs. Generita B. Vina
being the witness

Election for the AUDIT

COMMITTEE
The following were elected :
1. Sabuero, Ralf Vincent chairman
( 12 votes)
2. Tangan, Mericel member
(7
votes )
3. Gregorio, Dexter P. member
(5
votes )
. Edna A. Eligan ( 6 votes) is replaced by
Gregorio, D. since the latter got the next
highest votes based on the formers
appeal for replacement of which Mrs.

Lunch Break .

ELECOM (Mrs. JUDY B. ANERO on a hold

over responsibilty )temporarily halted the
canvass of votes for the ELECTION
COMMITTEE to give way for lunch break.

Members were treated to a managed

sumptuous buffet lunch .

ELECOM then resumed the canvass of

votes for the ELECTION COMMITTEE.

Election for the Election

Committee

1.

2.

3.

The following were elected :

Empleo, Adeline Y. - chairman (10
votes)
Paduga, Shiela S.
- member ( 6
votes )
Pacturan, Paz S.
- member ( 6
votes )

Judy B. Anero, an ELECOM member declared

the newly elected officers for 4th & 5th BODs,
CREDIT Committee, and ELECTION

Chairmans Report

Revisited some important matters in the

cooperatives by laws c/o BOD Zenona S.
Rugay

Welcome the 3 new members ( Empleo, I. J.,

Ora, G.J. and Pacturan, P.)

Reported on dismembership ( Doong, J.,

Janubas, A.J., Lamparas, G.)

Confirmed future membership of at least 6

colleagues ( Flores, Fuchs, Variacion, Abio,

Chairmans Report..

Presented comparative report on 2014 and

2013 CAMCO earnings

Total CAMCO income @ P 474, 779.12 for 2014

which is greater than 2013 income @ P 286,
745.87
only
Services
2013
2014
CANTEEN

157, 852.64

252, 074.39

CREDIT

55, 259.63

92, 888. 03

ATM

73, 633.60

129, 816.70

Total

286, 745.87

474, 779.12

Stressed

the importance of members cooperation

and responsibility especially in terms of loan
payments and personal transaction @ CAMCO

New Business

Mrs. Moranta, the secretary presented

the nine resolutions enacted by the Board
of Directors that would certainly help
improve CAMCO services

Resolution of Unfinished
Business

revision on the policies of the Special

Savings after due study of the Board of
Directors found the current policies
prejudicial against the interest of the
cooperative

Approval of the Development

Plan and Next Years Budget

Reinvitation of inactive members

Loan Amnesty Program ( for old overdue
accounts)
2015 budget is @ P 451, 800.00
BOD Zenona S. Rugay moved and
severally
seconded for the approval of next years
budget.
Motion was duly approved.

Distribution of Capital share

Certificates

capital share certificates for both credit

and canteen were given to the members
by the secretary with the help of Mrs.
Adeline Empleo

Mrs. Empleo distributed also copies of the

Minutes of the 2014 G.A. ( last year) and
ledger of the 2014 CAMCO Dividend and
Patronage Refund at the start of the
business proper

Open Forum/Other Matters

On Special Savings ( Mrs. Gonzaga, A. , the treasurer,

informed the body that the interest rate starting at
2% /month for 5k-20k , and the bigger the deposit, the
higher the interest rate is not helping CAMCO generate
income since our coop is charging just the same
interest rate for loan services and it would even force
CAMCO to pull its resources in paying off whatever
amount is due from the interest rate higher than 2%.
She even gave options like terminating it or refixing its
interest rate.

Nevertheless, Mrs. Alyn L. Gonzaga moved and severally

seconded for the revision of the Special Savings Policies
on Interest Rate. Motion was duly approved.

.more.

On Mrs. Pajos case ( Mrs. Eligan informed

the body about Mrs. Pajos desire to join
CAMCO as she would be withdrawing her
deposits from Naawan Cooperative. BOD
Rugay seconded Mrs. Eligans request on
considering Mrs Pajo since the latter was
essentially the principal then at the time
Carmen NHS was created .

Mrs. Lumbayo moved and severally

seconded for amendment/s on membership
in the CBL before granting Mrs. Pajos
request. Motion was duly approved.

some more..
On Educational Trip this summer
CAMCOs 25k counterpart to be divided
equally among those who will go on the trip
as suggested by Mrs. Gonzaga
- joins CFASO trip ( venue and date to be
announced during the faculty meeting) as
suggested by Mrs. Gonzaga
. Davao or Dakak as suggested by Mrs. Anero

Mrs. Gonzagas suggestion was severally

carried after division of the house.

more

An issue arose whether to consider the

associate or inactive members included in
the 25k payroll
Mr. Eliezer dela Vega moved and severally
seconded for the division of the house on the
issue at hand. Motion was duly approved.
The assembly decided to exclude the
associate/inactive members from the 25k
payroll.

Distribution of the 2014

Dividends and Patronage
Refunds (Credit & Canteen)

by Mrs. Alyn L. Gonzaga, treasurer

Recess

The 2015 CAMCO General Assembly was

declared in recess @ 2:49 pm, March 31,
2015 with 35 final registered members
and 7 guests.
Certified true and correct:
Cielo Grace Y. Moranta (sgd.)
Secretary