economic survey
A STUDY ON COOPERATIVES
TRUSTED TO THE FACULTY
OF THE COLLEGE OF BUSINESS
AND ACCOUNTANCY
AS A PARTIAL FULFILLMENT
OF THE REQUIREMENT IN
ECON 8 (COOPERATIVES)
By:
LESLIE AGUINOD
JEANETTE MAE CABAHUG
PATRICK CUBILLAS
HAIDEE HERMOSILLA
JENNYN OPPONE
I. Background/History
Started as United Technologies Employees MPC (UEMC) in December 15, 1992 with 35 members and a loan of $10,000 from United Technologies Automotive then later changed its name to Lear Employees Multi-Purpose Cooperative or LEMCO.
It now boasts of more than 3,000 members and with assets of more than 181,000,000 pesos. The cooperative has constructed its very own building that had opened in 2012 gearing up to serving its members and open to serving the community.
II. Description of Cooperatives
The Cooperative is a Multi-Purpose Cooperative that offers financial services needed by the members. All with better value than banks and delivered with more personal attention. They are dedicated not just serving, but also in giving value like no other to their members.
It is a member-owned. Meaning profits goes back to the members in many ways: dividend and patronage refund, better rates, low or no fees and more frequent “yes” answers.
The building is located in Seabreeze, Pusok, Lapu-Lapu City, Cebu 6015.
III. Goods and Services
Type
Description
Providential Loan
Regular type of loan payable for a maximum of 3 years
Petty Cash Loan
Small type of loan with short term (2 months – 10 months)
Appliance Loan
Loans for appliance purposes payment (2 months – 3 months).
P1,000 / P3,000 / P5,000
P.O. Loan
P.O. cards/Gift Certificates worth P3,000 & P5,000 acceptable in Gaisano Malls, SM, CoopCENTRUM
Special Loan
Seasonal type of loan. P2,000 payable in 3 months
Time Deposits
Placement with specified maturity date
Savings Deposits
Interest earning and withdrawable anytime
Kiddie Savings
Rewards young savers with yields each month
LEMCO Care
TRUSTED TO THE FACULTY
OF THE COLLEGE OF BUSINESS
AND ACCOUNTANCY
AS A PARTIAL FULFILLMENT
OF THE REQUIREMENT IN
ECON 8 (COOPERATIVES)
By:
LESLIE AGUINOD
JEANETTE MAE CABAHUG
PATRICK CUBILLAS
HAIDEE HERMOSILLA
JENNYN OPPONE
I. Background/History
Started as United Technologies Employees MPC (UEMC) in December 15, 1992 with 35 members and a loan of $10,000 from United Technologies Automotive then later changed its name to Lear Employees Multi-Purpose Cooperative or LEMCO.
It now boasts of more than 3,000 members and with assets of more than 181,000,000 pesos. The cooperative has constructed its very own building that had opened in 2012 gearing up to serving its members and open to serving the community.
II. Description of Cooperatives
The Cooperative is a Multi-Purpose Cooperative that offers financial services needed by the members. All with better value than banks and delivered with more personal attention. They are dedicated not just serving, but also in giving value like no other to their members.
It is a member-owned. Meaning profits goes back to the members in many ways: dividend and patronage refund, better rates, low or no fees and more frequent “yes” answers.
The building is located in Seabreeze, Pusok, Lapu-Lapu City, Cebu 6015.
III. Goods and Services
Type
Description
Providential Loan
Regular type of loan payable for a maximum of 3 years
Petty Cash Loan
Small type of loan with short term (2 months – 10 months)
Appliance Loan
Loans for appliance purposes payment (2 months – 3 months).
P1,000 / P3,000 / P5,000
P.O. Loan
P.O. cards/Gift Certificates worth P3,000 & P5,000 acceptable in Gaisano Malls, SM, CoopCENTRUM
Special Loan
Seasonal type of loan. P2,000 payable in 3 months
Time Deposits
Placement with specified maturity date
Savings Deposits
Interest earning and withdrawable anytime
Kiddie Savings
Rewards young savers with yields each month
LEMCO Care