The National Confederation of Cooperatives (NATCCO Network) began as the National Association of Training Centers for Cooperatives (NATCCO), formed by cooperators who believed that the task of co-op development lay primarily in the hands of the private sector. These leaders believed in self-help and in the idea that through co-operation, people can create opportunities for themselves to improve their socio-economic well-being.
Today, NATCCO is the biggest federation of co-ops in the Philippines, in terms of geographical reach, membership, financial capacity and array of services. It now reaches around 5.1 million individual members coming from 812 co-ops and NGOs. The 5.1 million individual members are served through 1,975 offices located in 77 provinces and 129 cities all over the country. They are also served by more than 70 ATM branches of the Network. The 812 cooperatives have combined assets of more than P150 Billion.
The NATCCO Network, in endeavoring to ensure the sustainability/viability of co-ops, invests heavily in Information Technology software, hardware, and services that co-ops can acquire and use at the most reasonable cost. The key idea was to automate and standardize co-op operations. eKoopBanker is NATCCO’s premiere financial software designed for co-ops, launched in 2005 and used by more than 250 co-ops today.
NATCCO’s latest offering is the KAYA Payment Platform, in partnership with the Association of Asian Confederation of Credit Unions and the Philippine Federation of Credit Cooperatives (PFCCO), where co-op members can transact using their smart phones anytime-anywhere, through ATMs, and over-the-counter.
The NATCCO still remains true to its commitment that education is the key to co-op development and offers Training & Consultancy in every area of co-op operations.
The core service of the NATCCO Network has been financial intermediation since 2002, when the Central Fund was re-launched. Initial Deposits from co-ops amounted to P61.6 Million. In 2004, Deposits reached P225.7 Million. As of end-2018, Deposits stood at P2.26 Billion.
The Stabilization Fund System was launched in 2008. Patterned after the Korean, Canadian and German models, the system provides inspection, supervision, diagnosis and financial assistance to prevent co-op insolvency.
The NATCCO Network is committed to help co-ops in achieving the ICA’s 2020 Vision as well as the United Nations 2030 Sustainable Development Goals.
About Cooperatives and .coop
The global Cooperative community has more than 1 billion members, representing 12% of the world’s employed population. All Cooperatives verify their identity when selecting a .coop web address. Your unique business identity is recognized online with a .coop domain name – your digital brand – a brand known for its economic advantages to its community, consumers, and members.
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