Tabuk coop distributes P18.4M in dividends share
By:LARRY LOPEZ / PIA KALINGA
Posted: 16-Apr-2013 / 2 years 32 weeks ago
TABUK CITY, Kalinga, (PIA) –- Tabuk Multi-purpose Cooperative (TAMPCO), the largest grassroots cooperative in the Cordillera Region distributedP18,464,262 in dividends share to its members for 2012.
TAMPCO Chief Operations Officer Petra Baguiwen reported the figure is higher than that of the previous year’s P16,738,646.
Baguiwen attributed the increase in dividends performance to the improved operations of the cooperative for the period.
Based on its latest membership book, TAMPCO has 10,408 active members, aside from other non-stock members numbering about 10,000.
Active members, Baguiwen clarified are members with capital shares to the cooperative while non-stock members are those who just avail of TAMPCO’s services.
Dividend benefits are entitled only to active members of the cooperative given every end of the year that vary based on capital shares.
Release of dividends, according to Baguiwen, could be claimed through the ATM service of TAMPCO to avoid the long queue.(JDP/LL-PIA CAR,Kalinga)