News and Advisory

PECCI ADVISORY

05/07/2024

TO: ALL PECCI MEMBERS

In the recently concluded 19th SB 2024-04 (04) Special Board Meeting held last April 25, 2024, the Board of Directors appointed the following Executive Officers of PECCI Multipurpose Cooperative (PECCI).

The following were unanimously re-appointed to their positions, Mr. Alvin P. Santos as Treasurer, Mr. Alexander M. Casas as Board Secretary, Atty. Ruben V. Tejada as Data Privacy Officer (DPO). Likewise, Mr. Sergio P. Navarra was appointed as the General Manager of PECCI.

We enjoin everyone to extend your usual support and cooperation to our Executive Officers and to our beloved cooperative as we assure our members of their commitment to sustainability and progress of PECCI.

Thank you very much!

PECCI Management

PECCI ADVISORY

04/26/2024

WE ARE HIRING

Join our team!

Internal Audit (preferably Accounting graduate)
Accounting (preferably Accounting graduate)
Member and Care Support
Marketing
Billing and Collection

APPLY NOW

Send your CV to admin@pecci.com.ph

1st Quarter Financial Performance 2024

04/25/2024

COMMITMENT TO SUSTAINABILITY AND PROGRESS

Matapos ang unang tatlong buwan ng 2024, tayo ay nakapag-generate ng P55 milyon na Undivided Net Surplus.

In terms of Revenue, kumita tayo ng P112 milyon ngayong 2024. Ito po ay P2 milyon more compared to last year. Ito ay bunga ng patuloy ninyong pagsuporta sa ating mga loan services and consumer products.

Ang Administration and Financing Costs ay mas mababa ng 2% each, compared last year, mainly due Management's on-going cost-cutting initiatives.

Sa bottom line, mas mataas nang P6 milyon o 12% ang ating Undivided Net Surplus compared sa parehong period, last year.

REVENUE (KITA)

Ang P87 milyon na "Income from credit/ consumer operations" ay ang pinanggagalingan ng ating kinikita. Ito ay ang mga interests/sales na ating nakokolekta, mula sa mga cash loans at biniling consumer products ng ating mga members.

Sa mga tumatangkilik ng ating mga products, saludo kami sa inyo, at sana'y patuloy ninyong suportahan ang ating mga programa at adhikain. Duon naman sa mga members na hindi nangungutang o bumibili, patuloy namin kayong hinihikayat na mag-participate sa ating mga loan/product offers para kayo ay makatulong sa ating pag-unlad.

...

Ang service fees at other income ay nakapag-contribute ng P25 milyon sa ating kabuuang kita. Ang "service fees" ay ang 2% na binabawas natin sa proceeds ng ating mga loans at ang "other income" naman ay mostly mga interests na kinikita ng ating time deposits sa mga commercial and cooperative banks.

EXPENSES (GASTOS)

Ang "Financing cost" ay ang pinakamalaking gastusin ng ating kooperatiba. Ito ay ang interest na binabayad ng PECCI sa ating mga members na may deposito o savings account. For this period, P38 million ang naipamahagi natin sa ating mga members bilang kita ng kanilang mga savings deposits. 34% ang kabawasan nito mula sa total na kinita natin na P112 milyon.

Ang "Personnel and IT cost" ay ang mga sweldo at iba pang benefits and IT support ng ating mga employees. Ang "Officers' meetings and allowances" ay ang natatanggap ng mga Officers as allowances sa mga meetings nito at sa iba pang mga activities. Ang kabawasan ng mga gastusing ito, mula sa kita o revenue, ay 8% (Personnel and IT cost) at 2% (Officers' meetings and allowances).

LOAN RELEASES, COLLECTION & NON-PATRONIZING MEMBERS

We can already say na ang "Loan releases" have already recovered kung ikukumpara sa results nuong Covid-Years 2020-2021. Patuloy nating pagsisikapan na makapag-release ng mas maraming loans in the coming periods. Ito'y magagawa natin sa patuloy ninyong pagsuporta sa ating mga revenue-generating activities.

Reflective sa 1Q2023 collection ang adverse effects ng 2023 WOP (opportunity losses due to early payment of loans), but we were able to turn this around at year-end, as we posted the highest net surplus in history na P247 milyon.

Ang "Non-patronizing members" o mga miyembro na hindi nangungutang o bumibili ng mga consumer products ay bumaba na ng 13% since 2020. Ipagpatuloy po natin ang suporta para sa ika-uunlad at tuloy-tuloy na paglago ng ating kooperatiba.

PECCI ADVISORY

04/12/2024

Attention:

During the 16TH Special Board Meeting held on April 11,2024, The Board of Directors declared ALL Appointed Positions - Officers and Committees vacant effective April 12, 2024.

All incumbent Officers and Committee shall continue in the exercise of their duties and responsibilities until their successors have been duly chosen and appointed.

In view of this, anyone interested to serve for any position or be part of any Committee is required to submit his/her individual Letter of Intent (LOI) via email addressed to (see below) and should indicate the 1st choice, 2nd or 3rd choice of the Position or Committee he/she is interested in.

board.directors@pecci.com.ph

secretary@pecci.com.ph

ma.victoria.buenvenida@pecci.com.ph

edgardo.lara@pecci.com.ph

No need to attach word file of the LOI, Email format is the preferred norm. Pls. submit your Letter of Intent (LOI) from April 15,2024 to April 19,2024.

Deadline for submission of LOI shall be on April 19, 2024 (CBH)

Thank you,

Board Secretary

PECCI ADVISORY

04/02/2024

TO: ALL PECCI MEMBERS

In the recently concluded 13th SB 2024-03 (03) Special Board Meeting held last March 27, 2024, the Board of Directors elected the following Officers of PECCI Multipurpose Cooperative (PECCI) effective April 1, 2024:

Current Chairperson Ethel A. Soriano was unanimously re-elected as Chairperson of the Board. Likewise, Director Ma. Isabelita C. Naig was re-elected as Vice-Chairperson of the Board and retained the Chairmanship of the Education and Training Committee (EdCom).

We enjoin everyone to extend your usual support and cooperation to our Chairperson and Vice-Chairperson and to our beloved cooperative as we assure our members of their commitment to sustainability and progress of PECCI.

Thank you very much!

PECCI Management

PECCI ADVISORY

03/26/2024

In order for our employees to properly observe Maundy Thursday and Good Friday on March 28-29, 2024 and allow them ample time to travel to their respective regions, PECCI will be operating until 12:00 noon on March 27, 2024.

For your information and guidance please.

Thank you.

PECCI Management

PECCI ADVISORY

03/25/2024

Annual Report 2023

(Click image to download Annual Report 2023)

PECCI ADVISORY

02/13/2024

TO : All PECCI MPC Members

DATE : February 13, 2024

SUBJECT : MANAGEMENT ADVISORY
2023 Interest on Share Capital and Patronage Refund

Hello Dear Members!

We are glad to announce that your Cooperative has generated an Undivided Net Surplus of P247.5 million, for the twelve months ended December 31, 2023 - this is 30% or P57.0 million higher than the Undivided Net Surplus last year. After deducting the statutory funding requirements, the Net Surplus Available for Distribution amounted to P185.6 million.

...

The factor rates are 6.0% (2022 - 4.7%) and 14.3% (2022 - 12.1%) on interest on share capital and patronage refund, respectively, resulting into a weighted dividend rate of 8.5%. While our nation experienced historical highs in terms of inflation, PECCI MPC was able to surpass the national average of 6.0% by 2.5%.

In a Board meeting held on February 12, 2024, your Board of Directors has approved and authorized the release of the 2023 Interest on Share Capital and Patronage Refund. It will be credited to your respective ATM accounts on February 16, 2024.

Furthermore, we're happy to note that this year's Undivided Net Surplus of P247.5 million is the highest in the history of PECCI. This achievement would not have been possible without your constant patronage of our loan products and services. FY2023 has shown that despite the post pandemic challenges, we can still attain our objectives by supporting one another, proving once again, that the strength of our Cooperative lies within each one of us.

Let us continue to patronize our Cooperative. Let us continue to support PECCI MPC!

PECCI ADVISORY

01/22/2024

TO : ALL PECCI MEMBERS

FROM : EDCOM Chairperson

SUBJECT : SUBMISSION OF PROPOSED AMENDMENTS AND RESOLUTIONS
FOR CONSIDERATION OF THE 10th PECCI ANNUAL REPRESENTATIVE ASSEMBLY

In connection with the 10th PECCI Annual Representative Assembly, please submit your proposed amendment/resolution (hard copy and soft copy) through your elected Representatives on or before January 31, 2024, 5:00 PM to:

...

PECCI EdCom Secretariat
4th Floor, Universal-Re Bldg.
Paseo de Roxas cor. Perea Sts., Makati City

Email: edcom@pecci.com.ph

Please use the attached form in the preparation and submission of your proposed Amendment/Resolution which can be downloaded from the PECCI Website. We have posted sample proposals in the PECCI Website for reference. Failure to use the prescribed template will not be considered as a valid proposal.

We will review and evaluate your proposed amendment/resolution and advise you accordingly if this will be included for discussion and deliberation in the 10th PECCI Annual Regular Representative Assembly.

Thank you.

PRODUCT ADVISORY

12/04/2023

Celebrate PECCI MPC's 65th Anniversary with a Special Gift for you! 🎊🎈

In honor of 65 years of community strength, PECCI is thrilled to present the Anniversary Loan for our esteemed Ka-PECCIs! 🌟

Avail now and enjoy exclusive benefits:
🔸 2% Service Fee WAIVED for all loans filed until Dec. 27, 2023!
🔸 No co-maker required for members without deferment!

Seize this golden opportunity to invest in your dreams without the extra cost. Act fast and make your financial aspirations a reality. Cheers to 65 years of prosperity and growth together!

Contact our customer care via email: 📩 customercare@pecci.com.ph
with the Subject: "P65L Application"

PRODUCT ADVISORY

11/03/2023

IT'S BACK Ka-PECCI! Ngayong season of giving, nakapag-loan ka na, nakatulong ka pa! Just give your consent and we will name any donation of PECCI this holiday season after you.

#PECCICares

Contact our customer care via email:
📩 customercare@pecci.com.ph

3rd Quarter Financial Performance 2023

10/25/2023

BREAKING BARRIERS

Matapos ang siyam na buwan, tayo ay nakapag-generate ng P173 milyon na Undivided Net Surplus. Ito ay mas mataas ng P58 milyon kung ikukumpara sa naging performance natin nuong 2022.

In terms of Revenue, kumita tayo ng P62 milyon more ngayong 2023 compared nuong 2022. Ito ay bunga ng patuloy ninyong pagsuporta sa ating mga loan services and recently, consumer products.

Ang Administration Cost ay mas mataas ng 11% compared last year, mainly due to expenses related to the full "Return-to-office" arrangement including the cost of the 2023 face-to-face RA. Sa bottom line, mas mataas ng 50% ang ating Undivided Net Surplus compared sa parehong period, last year.

REVENUE (KITA)

Ang "Income from credit/ consumer operations" ay ang pinanggagalingan ng ating kinikita. Ito ay ang mga interests/sales na ating nakokolekta, mula sa mga cash loans at biniling consumer products ng ating mga members.

Sa mga tumatangkilik ng ating mga products, saludo kami sa inyo, at sana'y patuloy ninyong suportahan ang ating mga programa at adhikain. Duon naman sa mga members na hindi nangungutang o bumibili, patuloy namin kayong hinihikayat na mag-participate sa ating mga loan/product offers para kayo ay makatulong sa ating pag-unlad.

...

Ang service fees at other income ay nakapag-contribute ng P109 milyon sa ating kabuuang kita. Ang "service fees" ay ang 2% na binabawas natin sa proceeds ng ating mga loans at ang "other income" naman ay mostly mga interests na kinikita sa mga time deposits natin sa mga commercial and cooperative banks.

EXPENSES (GASTOS)

Ang "Financing cost" ay ang pinakamalaking gastusin ng ating kooperatiba. Ito ay ang interest na binabayad ng PECCI sa ating mga members na may deposito o savings account. For this period, P119 milyon ang naipamahagi natin sa ating mga members bilang kita ng kanilang mga savings deposits. 33% ang kabawasan nito mula sa total na kinita natin na P360 milyon.

Ang "Personnel and IT cost" ay ang mga sweldo at iba pang benefits and IT support ng ating mga employees. Ang "Officers' meetings and allowances" ay ang natatanggap ng mga Officers as allowances sa mga meetings nito at sa iba pang mga activities. Ang kabawasan ng mga gastusing ito, mula sa kita o revenue, ay 9% (Personnel and IT cost) at 2% (Officers' meetings and allowances).

LOAN RELEASES, COLLECTION & NON-PATRONIZING MEMBERS

Ang "Loan releases" ay unti-unti nang nakaka-recover kung ikukumpara sa results nuong Covid-Year 2020. Patuloy nating pagsisikapan na makapag-release ng mas maraming loans in the coming periods. Ito'y magagawa natin sa patuloy ninyong pagsuporta sa ating mga revenue-generating activities.

Reflective sa 9M2023 collection ang adverse effects ng 2022 MRP and 2023 WOP (opportunity losses due to early payment of loans), but we hope to be able to turn this around at year-end.

Ang "Non-patronizing members" o mga miyembro na hindi nangungutang o bumibili ng mga consumer products ay bumaba ng 9% for the past 3 years. Ipagpatuloy po natin ang suporta para sa ika-uunlad at tuloy-tuloy na paglago ng ating kooperatiba.

PECCI ADVISORY

10/23/2023

To the incredible Remedios "Charay" Garcia, the visionary and lone surviving incorporator of PECCI, we celebrate your remarkable journey!

From the humble beginnings of the "Free Telephone Workers Cooperative Credit Union" founded by 15 PLDT employees 65 years ago, to PECCA, to the thriving powerhouse that PECCI is today, your dedication and vision have transformed lives and communities!

Happy 97th birthday to a living legend and an inspiration to us all! 🎉