The Movement

Robert Owen (Left) and Friedrich Wilhelm Raiffeisen (Right) through the eyes of ChatGPT Are you one of those who gets confused about who really is called the Father of Cooperatives? We often hear the name of Friedrich Wilhelm Raiffeisen (Raiffeisen) being widely acknowledged in the modern-day Cooperative Movement (the Movement), but seldom do we hear about Robert Owen (Owen). The latter's name is not even mentioned in the history of the cooperative movement page on the official site of the International Cooperative Alliance (ICA). What they do have, though, is the Rochdale Society of Equitable Pioneers (Rochdale Pioneers), who, in most online articles, were known to have been inspired by Owen's visionary ideas and learnt from his failed cooperative communities. The Rochdale Pioneers are now being regarded as the founders of the Movement, and the erasure of Owen in the picture is apparent, with only five remaining articles about him on ICA's official website. However, Robe...

This post lists compliant and new credit and multi-purpose cooperatives as of December 2024 registered to the Cooperative Development Authority . This is not an endorsement or recommendation of which cooperative you should join. We are encouraging you to do your other "due diligence" of finding the best cooperative fit for your financial needs. Clickable name of the cooperatives below are linked to either their Facebook page or their official websites, if there's any. Credit Cooperatives As defined by RA 9520 (the Philippine Cooperative Code of 2008 ), "a credit cooperative is one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance to its members for productive and provident purposes."  We could not find online presence and contact information for the list below, but if you're living within their area, you can visit them on their listed location to inquire...

Are you a seasoned investor who have been reviewing your investment portfolio and looking for other profitable ventures? Or, are you new to financial planning and still searching for the right instrument to start your investment and savings journey with? Here are reasons why a cooperative or two should be in your list: H igher Deposit Interest Rates than Most Banks Regular savings offered by cooperatives generally have higher interest rates than traditional commercial banks. Although, not as high as with digital banks, some billionaire cooperatives offer special savings at competitive rates.  Oro Integrated Cooperative , for example, has a product called Dream Savings with 7% interest rate per annum (p.a.), compounded quarterly at Php1,000 starting deposit for the minimum plan and up to Php25,000 monthly deposit for the maximum plan. This product has a 5-year contract term. They also offer a product called Pearls Savings, a pension or retirement savings with 9-10% interest rate p.a...