RELATED LITERATURE

LOCAL:

Some of the highlights of credit cooperative is to unify the national credit union movement in
coordination with the worldwide credit union system. Secondly to institutionalize the national credit
union movement with its own one-stop services, namely: - Central Finance Facility (interlending) -
Mutual Benefit Association for loans and deposits - Blanket Fidelity Bonding - Supply and publication -
Skilled training - INCAS or PFCCI audit - Deposit guarantee fund - Credit union technology and facilities
FUTURE PLANS (PFCCI) that is Expansion of its social and economic base. Credit union integration.
Institutional development of integrated credit union system. Provision of financial services to other
cooperative sectors. Adoption of realistic credit policies for members. Establishment of different types
of complementary financial services. Supervision of credit unions. Establishment of representation
within the federation and others. http://pdf.usaid.gov/pdf_docs/PNAAY599.pdf

The use of credit policies in credit cooperatives is essential for credit cooperatives to be able to
improve their collection and make decisions faster and be able to cope with demanding work force and
external environment by the rapid development of different approaches of credit policy which helps in
identifying mission and vision of credit cooperatives

Such policies may have the desired effects of directing increased credit flows to the targeted
sector, these tend to be temporary and financially burdensome. Further, the policies of rural financial
markets via supply-led finance do not solve the fundamental source of difficulty in rural financial
intermediation that arises from the material features of agriculture, viz., the high costs and risk of
lending to spatially-dispersed production units and small loan sizes.
https://dirp3.pids.gov.ph/ris/pjd/pidsjpd91-1rural.pdf

According to NOLNA credit cooperative 2016, the following are some credit cooperatives in
Baguio with their respective total assets

Baguio-Benguet Community Credit Cooperative 1,420,891,245.00

The Moog-Baguio Credit Cooperative 204,483,484.00
Baguio Vegetable Retailers Savings and Credit Cooperative (BAVESCO) 172,733,166.19
Saint Louis University-Saint Vincent Parish Housing Cooperative 103,138,788.00
Baguio Entrepreneurs Credit Cooperative (BEC Co-op) 83,502,434.18
San Vicente Savings and Credit Cooperative 55,137,799.80
Baguio Colleges Foundation Credit Cooperative 35,212,231.23
United Natonin Credit Cooperative 11,269,863.63
BagongPag-asa Entrepreneurs Savings and Credit Cooperative 10,575,098.08
WASDENSUMYA Credit Cooperative 9,830,628.00
Department of Agriculture-CAR Employees Credit Cooperative 7,923,878.00
Baguio's Finest Credit Cooperative 7,365,554.00
EDNCP Credit Cooperative 7,127,566.00
Baguio-BenguetAgawa Credit Cooperative 4,391,749.52
Baguio Court Employees Credit Cooperative 3,101,036.17
Dap-ayan Ti John Hay Employees Credit Cooperative 3,000,616.97
Katagowan Credit Cooperative 2,560,224.00
North Luzon Network Alliance Credit Cooperative 2,196,561.43
Christ Episcopal Church Savings and Credit Cooperative 2,084,719.92
The Cordillera Connection Credit Cooperative 2,051,941.58