- Sacred Heart Savings Cooperative

Sacred Heart Savings
Cooperative transpierces into a new
business venture!
AFTER putting up
its own health and diagnostic
clinic on December 2013,
SHSC enters the print and
publishing industry with the
newly-opened “Cooprints”.
The shop opened last June 25,
2014. It was well–celebrated
with the holy presence of
Bishop David William Antonio, DD and through a
Zumba party held at Candon
Civic Center with no less, Miss
Regine Tolentino.
Through the coop’s Business
E nt e rp rise De p art me nt ,
Cooprints is a SHSC-owned and
managed large-scale printing
shop located at Cleofel Complex, along the National Highway, San Jose, Candon City,
Ilocos Sur.
Look-up in a Groupie. CEO Jim Gaboy poses with the BOD and Committee members. Behind is the azure coastline of Pagudpud, Ilocos Norte. (see page 3)
Cooprints offers affordable
tarpaulin and large format
printing; personalized printing
for souvenir items and party
needs, business and office
forms; and other advertising
and publicity materials.#
✔Recorded history can
even be wrong… /p.7
✔FEP continues to reap success,
gives Ube prod’n a shot /p.8
✔Calamansi Project
shows great start /p.8
Sacred Heart Savings Cooperative celebrated another milestone as members
from all the 11 branches convened once again for the cooperative’s 42nd General Assembly and Anniversary celebration last April 2, 2014 at Galimuyod
Gymnasium, Poblacion, Galimuyod, Ilocos Sur.
Talks from SHSC CEO acknowledged the importance of the
Jaime D. Gaboy Jr. and SHSC members’ support in the continuing
Chairman Benedicto Aquino made surge of success and expansion for our
the members feel jubilant and ecstat- growing cooperative.
ic as the said two SHSC officers wel- (cont’d on page 4)
comed the members to the event; and
Issue 3
NEWS
Page 2
Message from the CEO
VIGAN CITY- Sacred Heart Savings Laboratory Cooperative officers joined the NATCCO Cooperative Youth Congress held at
NSCC Plaza Hotel, Vigan City on
May 20-23, 2014.
Resource speakers are
from Ayala Foundation and they
tackled about youth’s role in Disaster Risk Reduction and ManSHSC Lab Coop Chairman Marianne T. Rafael ac- agement in schools and comcepts her award after the conclusion of their de- munities and the Ayala Foundation Leadership Community.
bate match.
In the effort to engage the youth in holistic and collective development, the
said congress prepared activities such as Extemporaneous Speech Competition, Debate, Song Contest and Cultural Dance Contest for the first day. Our very own young
cooperators, Sophia Marydel P. Gaboy and Marianne T. Rafael actively participated
the debate in separate groups and won the said contest.
The second day was filled with team-building activities and the third day was
allotted for the tour. The young cooperators visited Juan Luna Shrine, Marcos Museum,
Paoay Church, Malacañang of the North, Bacarra Training Center and Bangui Windmills. The said congress was attended by other young cooperators from the different
cooperatives in the country.-SMPG
SHSC sends rep to NATCCO Gender Congress
As per reports, from
the coop’s Bus. Development
Support Services, a total of
388,500 seedlings were released to farmer-members.
San Emilio branch leads
with 149,000 seedlings distributed. Tagudin branch
follows with 126,500, Galimuyod with 101,000 and Candon with 12,000. All seedlings released amount to
nearly Php 12M.
Meanwhile,
San
Emilio
branch recorded an actual
area planted with Arabica
coffee with 74.5 hectares.
Tagudin comes second with
63.25 hectares. Galimuyod
PHOTO GRID: (Top, right Photo) Sophia P. Gaboy, SHSC Laborhas 50.5 while Candon has 6. atory Coop Gen. Manager takes the limelight as she explains
For 2014, targets are pegged
at 500 hectares and a total of
1M seedlings to be released.BDS
her argument during a debate match in which she eventually
won with her teammates Mid–photo). (Bottom Photo), Gender
Congress participants: Mrs. Helen Valdez, Mr. Randy Tabuyo,
Mrs. Marietta Saulan carefully listen to their lecturer and
(Main Photo) Ma’am Victoria Guilambo with other delegates as
they actively participate in an ice-breaker game.
Our
newsletter is remarkably
effective on reaching every one of
us. “Tangguyob” is an efficient
connection among us– members,
partners, funders and other stakeholders of Sacred Heart Savings
Cooperative.
Every page of
our newsletter embodies our
goals, efforts, achievements, and
success as an aspiring leading
cooperative in the country.
The past General Assembly had been very successful because of your active participation
dear members. I would like then
to take this opportunity to make a
special mention to all of you who
exerted effort and spent precious
time to our 42nd GA. Your support,
participation, and dedication to
fulfill your responsibilities as
members are highly appreciated.
As one growing family, I
would like to stand firm and challenge all of us to continually raise
our hands and lift our hearts for
our cooperative. Today calls for
our cooperation and tomorrow
requires our faith. No matter how
hard we run if you contain yourself with a step or two and be
blind with the awaiting price, we
will not go far. But with your unfailing trust and participation, we
will be ever sustained through our
journey and SHSC will linger to
shi ne, excel and prevail.
–Jaime D. Gaboy Jr.
EDITORIAL
Issue 3
Surely Not; Sure, Why Not?
Credits: Sketches from the Web
Having the highest unemployment rate
--7.3%--and having the
slowest Internet speed
in Southeast Asia, the
worst airport in the
world and the Filipinos
paying the highest electricity cost in Asia,
Philippines is surely
not even in the sidewalk of that “Tuwid na
Daan”.
Two
million
nine hundred jobless
Filipinos in a country
tagged as the 28th largest economy in the
world is a big irony.
The country’s top official lying about DAP —
surely does not lead us
to that ‘’Tuwid na
Daan”.
Unemployment,
along
with high interest and inflation rates, is currently one
of the three main reasons
why a number of emerging
economies are in miserable
conditions according to a
latest survey.
Countries
like Serbia, Egypt, Spain,
Greece, and Cyprus are
facing high unemployment
rates today.
Being someone in the labor
force will make you realize,
first, that you should be
thankful and second, feel
sorry to those who are not.
What I am pinpointing is the
idea that the government is
far from creating job opportunities, whether big time or
small scale. The government
is NOT giving justice to its
very existence.
Labor Day was celebrated
last month. It was just that.
Has something changed? A
flock of 30,000 workers drove
to the streets to call the attention of the President yet
nothing has happened. The
proposed Php 135-wage hike
in Metro Manila by Trade
Union Congress of the Philippines did not materialize.
Metro
Manila
minimum
earners get Php 466.00 with
a purchasing power of only
Php 360.00. How is to live a
life in the Metro with that
meager income? I do not
know.
Imagine the Tax Bureau requiring Aling Divina, a
labandera, and all other labadera’s out there to issue
official receipts if rendered
more than Php 25.00 worth
of laundry services. Surely,
we are not yet in the “Tuwid
na Daan.” The BIR Chief is
targeting the lowly Filipinos.
Why not go seriously after
those big time tax evadersmulti-millionaires living in
posh townhouses and gated
communities—WHY
Mang
Jose, a laborer; WHY Aling
Gracia, a sari-sari store owner; WHY Teacher Alma —
ALL earning a little. This is
zarzuela going on! Surely,
we are not yet progressing
morally and economically
as a nation.
The lack of a robust blueprint
and concrete government
measures has dismayed labor
groups and the thinking class
many a times. There are constraints with regards to increasing wages like transfer
of investors to countries with
cheaper labor costs and the
shutdown of factories but the
government has to protect its
people. Even in the US, labor
problems continue to arise
and so headache continues
for the First US Black President. The Obama administration’s proposal to raise the
minimum wage to $10.10 an
hour could result in as many
1,084,000 jobs eliminated
from the work force, accord-
Page 3
ing to a new study conducted.
Whether these leaders are thinking or not—surely, it is the lives
of lowly people being put to danger, nearing the abyss of hunger
and poverty.
But what lies ahead is a good
promise. From a YouTube video I
was able to watch, the country--a
new Philippines is ON by 2016. In
World Bank’s Global Economic
Prospects 2014 report, the Washington-based lender stated the
Philippine economy is expected to
grow by 6.9 percent in 2013; 6.5
percent in 2014; 7.1 percent in
2015; and 6.5 percent in 2016.
The reconstruction and rehabilitation measures in the wake of
Super Typhoon Yolanda is expected to spur this growth and
even boost regional growth in the
East Asia and the Pacific region,
particularly in 2015. Sure, why
not?
To note, SHSC just
reached the 200-employee mark.
Efforts of private and other nongovernmental agencies are essential in the so-called job creation
agendum of our government.
Every society today
and before has/had its own
share of ups and down. The
true culprits are these greedy
creatures wanting to devour what
belongs to the masses--these
greedy humans taking advantage
of their already-helpless brothers
and sisters. The competency and
sensitivity, if NOT incompetency
and insensitivity (and unconstitutionality), of the Aquino government revealed altogether at these
hard times—are they really for
the benefit and common good
of the majority or only for
their under-the-table ties between and among business
tycoons, their political comrades and color?
Issue 3
NEWS/FEATURE
Page 4
NLDC conducts Financial
Literacy Seminar
SHSC Committee members take oath
MAY 2, 2014—Newly-appointed and
current members of the different
SHSC committees attended a seminar-oath taking rite at Villa del Mar,
Saud, Pagudpud, Ilocos Norte.
In an event attended by CEO
Jaime D. Gaboy Jr., Chairman Benedicto
Aquino, members of the Board of Directors and other top honchos of Sacred
Heart Savings Cooperative, committee
members sworn into oath as new and
continuing committee members of the
different existing and newly-established
committees. The committee members
were officially appointed by the Board of
Directors based on their active participation and wide background in their own
fields of expertise.
Credit Committee
Bobby Galanto
Fidel Wigan
Elmer Baoingan
Spearheaded by officers from the National
Livelihood and Development Center, 11
branch managers and 23 account officers
attended a two-day Financial Literacy and
Entrepreneurship Seminar held at the Conference Room, 3rd Floor, SHSC Building, San
Isidro, Candon City last May 22-23, 2014.
Audit Committee
Eliseo Lagasca
Emelinda V. Gorospe
Miriam P. Udayan
Chosen coop members were also invited to
join the group during the last day of the
Gender & Development Committee
Myrna D. Balicdang
Helen Valdez
Rosalinda Cacut
Mediation & Conciliation Committee
Wilson Pollosco
Marlon Combas
Rolando Alberto
As mandated by the Cooperative
Development Authority, coops are to assemble and appoint a number of individuals
to serve as members of different commitEthics Committee
tees.
Romy Gregorio
HERE is the list of the Committee
members:
Election Committee
Ronald Udayan
Imelda Alfonso
Josie Gabaon
Imelda Alberto
Rommel Garcia
Participating coop members answer questionnaires as Galimuyod Branch AO Peter Habab and
Education and Training Committee Burgos, Ilocos Norte Branch AO Benjie Baingan
Mariano Rafael
Agustina Balbino
Rosito Ebol
overlook during one of their workshops.
(from page 1)
RESIBO-isu ti pakakitaan nga adda naibayad wenno
BY: R.Tabuyo
naited tayo a gatad iti maysa a tao, pagtagilakuan
wenno iti maysa nga institusyon nga agpabpabulod.
Babaen ti resibo, mabalin tayo nga ibaga a naited tayo
iti gatad a nakasurat. Ngarud, daytoy a resibo ket pammaneknek a naited tayon ti pauna man wenno buo a
bayad aglalo nu daytoy ket para iti obligasyon tayo
kas maysa a nakabulod. Palagip kadatayo amin a tunggal agbayad tayo, intay dawaten ti resibo tapno adda
pruweba nga adda inyawat tayo iti parasingir wenno
kahera.
RESIBO
Ikkan tay ngarud iti pateg iti RESIBO babaen ti pannangidulin tapno adda met lang talged tayo. Mabalin tay a mangala
ti maysa a sobre a pangikargaan tayo wenno barot nga isu ti
pangubon tayo kadagiti resibo. Ipakni tayo ngarud dagitoy a nasayaat tapno saan a mapukaw wenno mapirdi. Intay laglagipen
ti pateg ti maysa a RESIBO...
Several coop partners also conducted
information dissemination drives
(Catholic Relief Services, McNut Philippines, Pag-ibig Fund) and product
sampling (Mydee Trading) to enrich
the minds of the member-attendees.
Preacher and writer Bro. Roberto Cabrillas Jr. served as the General Assembly’s guest speaker. Recent amendments to the Articles of Cooperation
were also presented and subsequently
scrutinized by some members. Questions were raised and politely answered back by the CEO and the
Board.
The SHSC Road Map was
then presented too. The roadmap garnered positive reaction and nod from
the body.
Among the tokens given to
members were an eco-bag which contains a foldable, round fan, food stubs
, and the Tangguyob 2nd issue; and
the 2013 Annual Report; and an umbrella.#
SACRED HEART SAVINGS COOPERATIVE
SACRED HERT SAVINGS COOPERATIVE
Galimuyod, Ilocos Sur
Consolidated Statement of Financial Condition
As of June 30, 2014
Net Income
Total assets
Net worth
140,000,000.00
120,000,000.00
100,000,000.00
80,000,000.00
Net worth
60,000,000.00
40,000,000.00
30,000,000.00
800,000,000.00
700,000,000.00
600,000,000.00
500,000,000.00
400,000,000.00
300,000,000.00
200,000,000.00
100,000,000.00
0.00
25,000,000.00
20,000,000.00
Total assets
15,000,000.00
Net Income
10,000,000.00
5,000,000.00
20,000,000.00
0.00
0.00
2010
2011
2012
2013
2010
6/30/2014
Share Capital
2011
2012
2013
6/30/2014
Deposits
Loan Receivables
450,000,000.00
120,000,000.00
600,000,000.00
100,000,000.00
500,000,000.00
350,000,000.00
80,000,000.00
400,000,000.00
300,000,000.00
400,000,000.00
250,000,000.00
60,000,000.00
Share Capital
300,000,000.00
40,000,000.00
200,000,000.00
20,000,000.00
100,000,000.00
Loan Receivables
Deposits
200,000,000.00
150,000,000.00
100,000,000.00
0.00
50,000,000.00
0.00
0.00
2010
2011
2012
2013
6/30/2014
2010
2011
2012
2013
2010
6/30/2014
SHSC branches to serve you! *Ilocos Sur: Galimuyod
2011
Candon
2012
2013
6/30/2014
Narvacan
San Emilio Tagudin *La Union: SFDO Rosario *Pangasinan: Rosales Tayug Dagupan
*Ilocos Norte: Burgos
NEW Branch: Magsingal, Ilocos Sur
(077) 604-0097
Brgy. San Jose, Candon City, Ilocos Sur
SACRED HEART SAVINGS COOPERATIVE
Formerly GALIMUYOD SAVINGS AND DEVELOPMENT COOPERATIVE
Reg. No. 9520-01004061, CIN 0102010222
www.sacredheartsavingscoop.ph
facebook.com/COOPRINTS
“We print to almost
everything.”
Services Offered:
Corporate Giveaways
T-shirt, Mug, Tumbler, Umbrella, Bag,
Visor Fan, Wall
Clock, Desktop Calendar, Eco-bag
EDITORIAL BOARD
Arjay D. Naungayan
Editor-In-Chief
Digital Printing
Photo, PVC ID, Bus.
Card, Invitation,
Brochures, Flyers,
Yearbook, Tarpaulin
Other Services
Sticker Printing
Sticker Cut outs
Banners/Signages
Offset, Large Format
LIKE COOPRINTS on Facebook to have an access of
the Zoompage of this mosaic.—that way you can experience the magic of a photo
mosaic.
Stephanie T. Parungao
Associate Editor
Contributors
Randy T. Tabuyo
Lorena M. Caleng
Sophia Marydel P. Gaboy
Consultants
Jaime D. Gaboy Jr.
Rey F. Tanglib
SPECIAL FEATURE
Recorded history can even be wrong...
Tworld,
he founder of the Bosnian Archaeology Park, the most active archaeology site in the
Houston anthropologist DR. OSMANAGICH CONFIRMS THAT RECORDED HISTORY IS WRONG--“The ancient people who built these pyramids knew the secrets of frequency and energy.
They used these natural resources to develop technologies and undertake construction on
scales we have never witnessed on earth.” He said that evidence clearly shows that the
pyramids erected 29,400 +/-400 years ago were built as ancient energy machines aligned
with the earth’s energy grid, providing energy for healing as well as power.
It was in the fateful year of 1972 when
then Galimuyod Credit Union was established in the sleeping interior town of
Galimuyod, Ilocos Sur. In 1984, it
changed its name to Galimuyod Credit Cooperative and in 1997 and 2002, other
names was chosen for the coop—Galimuyod
Multi-purpose Cooperative and Galimuyod
Savings & Development Cooperative respectively. It was in 2010 when people behind
the coop opted to christen the coop a
more widely-known name—SACRED HEART SAVINGS COOPERATIVE. With only Php 916.00 as
capital in the 70’s, it has now already
grown into a Php 700M-plus entity ready
to conquer the island of Luzon!
Let us be archaeologists!
Date Founded: April 2, 1972
Founding Members: 33 parishioners
Share Capital Amount: Php 916.00
Office Address: Sacred Heart of Jesus Parish Rectory
Founder: Rev. Fr. Edmundo Abaya
With SHSC’s case, there is nothing wrong in its history. SHSC’s history is not as long, massive
and winding as the Pyramids’. YES, its recorded history is a story of pain and sacrifice but a
tale of promise and progress. Penned through the hardships of its first members and staff and now
by the current management and Board, SHSC is destined for something—something impressive.
Something big like the Pyramids!
NEWS/FEATURE
Issue 3
Page 8
Ifugao-based Alfonso Lista MPC, CLSU Credit
Coop, Baclaran Vendors Coop visit SHSC
On separate occasions, 33 members of the Alfonso Lista Multipurpose Cooperative, 24 from Central Luzon State University Credit
Cooperative and 34 from BVDC paid an official visit to SHSC on May
15, May 31 and June 14, 2014 respectively.
Mr. Roberto Umalos, Mrs. Victoria Guilambo, Ms. Claudette Mendoza, Mr. Jimson Dagsi, Ms. Stephanie Parungao and Mr.
Arjay Naungayan welcomed the ALMPC contingent in a minisymposium spearheaded by Mr. Rey Tanglib held at the Conference
Room, 3rd Floor, SHSC Building, Candon City. The said event was
facilitated by Sir Rey Tanglib as he discussed the history, present
status and future plans of Sacred Heart Savings Cooperative.
Mr. Roberto Umalos and Mr. Rey Tanglib accept certificate and
token from ALMPC representatives. Joining them are Ma’am Vicky
Guilambo, Ma’am Claudette Mendoza and Arjay Naungayan.
HELPING OUT...
WHITE ONION PRODUCTION. The Onion Growers of the
Tagudin Agroentrepreneurs Association, Inc. have finally finished marketing their 26.8 tons white onions in Jollibee Food
Corporation through their coordination
with Nueva Segovia Consortium of
Cooperatives’ two sites last April 5,
2014. Lots of challenges came due
to many circumstances that they
have undergone.
CALAMANSI PRODUCTION.
The calamansi growers of the
Tagudin Agroentrepreneurs Association, Inc. are now on the process of
negotiating on the volume and price
of calamansi fruits in Jollibee
Foods Corporation and Mama Sita.
They are expected to market their
production on August
2014.
COFFEE PRODUCTION. On
May 2014, the
Coffee Team started to release coffee
loans and distri
bute coffee seedlings to 217
will ing
and
committed
farmers of Suyo,
Galimu
yod,
Salcedo,
San
Emilio, Lidlidda, Sigay, Burgos,
Alilem,
Sta. Cruz, and
Del Pilar, Ilocos
Sur and Villaviciosa, Luba, Gayaman, Lul-luno, and
Tillilo, Abra. At
present, 194.5 hectares of land has been planted with Arabica
coffee. Another 305.5 hectares are expected to be planted with
coffee on the next few months.
UBE PRODUCTION. The Sacred Heart Savings Cooperative
is now venturing on Ube Production. Farmers who are willing
to plant ube (yam) are encouraged to avail the program.
The same thing was conducted with the CLSU Credit Coop and
Baclaran Vendors Development Cooperative members. To note,
the first is composed of employees and staff from Central Luzon
State University located in the Science City of Muñoz, Nueva Ecija
while the latter is comprised by vendors and merchants from
Baclaran in Parañaque City, Metro Manila.
The said visit was part of the itinerary of the Ifugao-based
coop’s Lakbay Aral. The group also visited NSCC and SACDECO. CLSU
Credit Coop and BVDC visited SHSC as part of their excursion trip.
Building Lives
From Marozo, Narvacan, Ilocos Sur, Mrs. Narcisa
S. Batino has been a SHSC member for almost four years
now. With her initial loan in 2011—well-used and wellinvested so to speak—for a piggery-sari-sari store business, she and her husband (Mr. Loreto G. Batino) now
own a farm supply store.
Asked what is her message to her co-coop members, “(Just) follow your payment schedule.” She also
thanked SHSC for the unending support to her and her
flourishing business.