2013 - R - 017 - AMENDING RESOLUTION NO. 2013-13, AFFIRMING AND RECOGNIZING FOR THE RECORD, THE OFFICERS OF THE OLONGAPO CITY GOVERNMENT EMPLOYEES’ MULTI PURPOSE COOPERATIVE FOR THE YEAR 2013

Excerpts from the Minutes of the Regular Meeting of the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative (OCGEMPC) held on 20 June 2013 at the OCGEMPC Training Room, 3^rd Floor City Hall, Olongapo City

Resolution No. 2013 – 017

AMENDING RESOLUTION NO. 2013-13, AFFIRMING AND RECOGNIZING  

FOR THE RECORD, THE OFFICERS OF THE OLONGAPO CITY GOVERNMENT EMPLOYEES’ MULTI PURPOSE COOPERATIVE FOR THE YEAR 2013

WHEREAS, there is amend to amend BOD Resolution 2013-13 in order to fill up all vacant officers positions in the cooperative;

NOW THEREFORE, upon motion duly made and seconded, the Board of Directors of the OCGEMPC do hereby:

RESOLVE AS IT IS HEREBY RESOLVED TO, to amend, as it hereby amends Resolution No.2013-13 as follows, effective July 1, 2013

Board of Directors:

Edwin J. Piano, Chairperson

Jaime L. Mendoza, Vice Chairperson

Ira Chloemn B. Daylo, Member

Nova N. Codoy, Member

Gerard R. Madarang, Member

Marcelino D. Andawi, Member

Sol E. Solomon, Member

Other Officers:

Julie U. Reyes, Treasurer

Mildred Monje, Secretary

Audit and Inventory Committee:

Carlos Ragudos

Lilia Amor

Redentor Villanueva

Election Committee:

Benjamin Florencio

Esther Rabago

Corazon Fonseca

Education, Training & Membership Committee:

Eric Sanchez

Ellen Rose Tulao

Ramil Wong

Credit and Collection Committee:

Luz Casipong

Joy Cahilig

Jaime Elcano

Conciliation & Mediation Committee:

Jocelyn Niñonuevo

Genia Eclarino

Helson Cañero

Ethics Committee:

Gregorio Elane

Shidar Alop

Virginia Navarro

Business Development Committee:

Neal Perez

Amelia Lacanlale

Marivic Nierras

Computerization Committee:

Jerico Ballon

Emely Levita

Neil Marc Biron

Done this 20^th day of June 2013 at Olongapo City, Philippines.

2011 R - 034 - AMENDING THE POLICY AND PROVIDING ADDITIONAL GUIDELINES REGARDING THE LOAN PROTECTION FUND

Excerpts from the Minutes of the Regular Meeting of the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative (OCGEMPC) Held on 22 July 2011 at the Board Room of the Subic Bay Water Regulatory Board, Subic Bay Freeport Zone

Resolution No. 2011-034 - AMENDING THE POLICY AND PROVIDING ADDITIONAL GUIDELINES
REGARDING THE LOAN PROTECTION FUND

Upon motion duly made and seconded, the members of the Board of Directors of the OCGEMPC in meeting assembled do hereby:

RESOLVE AS IT IS HEREBY RESOLVED, that Resolution No. 2011-025 otherwise known as the OCGEMPC Consolidated Credit and Collection Policies be amended, as it is hereby amended to the effect that:

1. The Loan Protection Fund (LPF) which is being deducted form the proceeds of certain types of loans, shall be increased from one half percent (1/2%) to one percent (1%);

2. The LPF shall be used solely to offset loans, interests and penalties forfeited as a result of a member’s death or involuntary incapacity;

3. In case of no. 2 above, the LPF shall be used only when the capital shares and savings of the deceased or incapacitated member and the co-maker are insufficient to offset the forfeited amounts.

Done this 22nd day of July 2011 at Subic Bay Freeport Zone, Philippines.