D

espite the global economic crisis, First Community Cooperative

((FICCO) managed to cross another milestone as it celebrated
FINANCIAL STATEMENTS 2021
iits 67th Founding Anniversary on July 8, 2021. This is indeed
a remarkable year considering that majority experienced economic
collapse, but FICCO never lose-heart, together with its devoted
employees, officers, volunteers, and members.

The activity started with a virtual Thanksgiving mass via zoom and live
on FICCO’s official Facebook page. The mass started at 7:00 in the
morning and was officiated by Rev. Fr. Sanchito Ricarde, SSJV. There
will be a Nature Walk and Tree planting which will commence once
the quarantine classification in Cagayan de Oro City will be lifted. The
activity will be at the watershed area of Binigwayan creek in Baikingon,
Cagayan de Oro City. Government mandated protocols will be imposed
as we progress in this activity.

Over the years, FICCO has always been committed in outreaching to

non-FICCO members especially in the far-flung areas. A manifestation to
this is the presence of ninety-nine (99) FICCO offices in Luzon, Visayas,
and in Mindanao. FICCO’s plans for 2021 includes: Opening of additional
Business Centers in Agusan del Norte, Camiguin Province, Misamis
Occidental, Zamboanga, and in Lanao del Sur; some of the existing
Business Centers will be converted to branch such as Medina in Misamis
Oriental, Wao in Bukidnon, and San Jose in Dinagat Island. FICCO also
plans to acquire lots where FICCO building will be constructed. FICCO’s
partnership with NCCC, Mindanao’s leading consumer goods retailer
and wholesaler, and the Misamis Oriental Provincial Agriculture Office is
also in line for this year.

Tantamount to the number of years and the growing number of members

is the increase in need. To address some issues especially in the new
normal, FICCO partnered with Traxion which handles Digicoop, a
digital platform that will revolutionize the way the cooperative will serve
its members. With this partnership, online Pre-Membership Seminar
is made possible and convenient. This is very timely and relevant
especially in this new normal. It also partnered with the Social Security
System (SSS) which provided the members convenience in paying
their monthly contribution, loans, and even application for SSS number,
update their SSS membership status, application for SSS funeral claims,
and application for SSS loan.

It has been a long year, and the success of FICCO emanate from the
never ending support of its employees, officers, volunteers, and the
members. God bless FICCO and the General Membership.
www.ficco.org 1 FICCO
FICCO
of a digital platform for cooperatives was born during a General Assembly
FICCO PARTNERS WITH of member-cooperatives in April 2019, while, Traxion Cooperative is
TRAXION COOPERATIVE the management and technology support provider that will help bring
DTSC’s unique value propositions to reality.
Digitalization at the Tip of our Fingers
Traxion’s digiCOOP is a technology

T
he year 2021 is another successful year for First Community services and worker’ cooperative
Cooperative (FICCO) which celebrated its 67th Founding that aims to provide a digital platform
Anniversary on July 8, 2021, despite all the odds and amidst our to fellow cooperatives across the
battle against this global pandemic. country. It aims to “revolutionize
and unite” cooperatives through
On May 27, 2021, FICCO entered into a contract with Traxion Technology technology. FICCO Management and Staff and Traxion representative during the Digi-

Services Cooperative, and marked the start of digitalization in the Coop launching in FICCO Carmen during the 67th Anniversary of FICCO.

cooperative and aims to cater more than 380,000 members across the With this new partnership, digitalization is at the tip of our fingertips.
country and soon to reach a wider market.

Using Traxion’s digiCOOP

platform, accessible through
a mobile application or an
internet browser, FICCO is Metro Cagayan Water Services
now offering online financial
services such as bills payment, (MCWS) Expanding its Reach
loan availment, money transfer,

T
online purchases, and other
he Mindanao Cooperatives Water Service Federation, which was
services such as membership
From left to right (seated): Dir. Elmo Bautista, FICCO CEO Edgardo Micayabas, registered in 2018, but started actual operation only in February
registration and insurance Traxion CEO Ann Cuisia, Dir. Luis Yap; From left to right (standing): Dir. Verona Tagayuna,
Dir. Rosario Ferrer, Dir. Susan Ybañez 2020, is making its presence felt in such areas as Cotabato City,
subscription.
Bislig City and Libona Bukidnon.
Digicoop Technology Services Cooperative is the first “technology
services” cooperative in the Philippines and proudly Filipino-and- The bulk water supply project for the Metro Cotabato Water District,
cooperative-owned. Its creation was a natural progression after the idea in Cotabato City, is expected to be operational by October 2021. The
Water treatment plant and the primary pipe is expected to be completed
by early September of this year. This project is a joint venture between
MCWS and Hanabana Equipment and Construction Corporation, with
the former investing a total of ₱ 60 million.
FICCO Development Corporation
The project in Bislig City is a joint venture with Kyogojo Engineering
(FDC) DORMITEL Service Cooperative for a level 3 water system. A level 3 system covers
developing the water source, setting up a water treatment plant, and
installation of primary and distribution pipes to the households. Phase
1 of the project will service 4,000 households in Poblacion of Bislig City
and adjacent barangays. MCWS appropriated ₱ 80 million in this on-
going project. As of July 16, 2021, a total of 671 households already
have their water connections.

Phase 2 of the project will supply water to Mangagoy, the biggest

barangay of Bislig City with more than 8,000 households. Development
work is expected to start in August 2021 and is scheduled to be
completed by July 2022.

The project in Libona, Bukidnon will service not only the barangays
of Kiliog, Kinawe and Gango, all of Libona, but also the residents of
Indahag, some in Macasandig, Camaman-an and Upper Gusa, all of
FICCO Development Corporation (FDC) is proud to announce its Cagayan de Oro. MCWS has budgeted ₱ 186 million for this project
newly-acquired and ready for occupancy FDC Dormitel (formerly that is expected to serve around 14,300 households. Initial delivery of
Wingrace Dormitel) located at Fernandez-Corrales Sts., Brgy. 40, water will commence by October of this year.
Cagayan de Oro City or near FICCO Main Office. It is open for members
as well as non-members looking for a place to stay (transients) and MCWS, in its first joint venture engagement with Kyogojo, has also
dormitory/bedspacers. Below are the FDC’s features: invested a total of ₱ 67 million to upgrade the existing water facilities of
the latter in Lumbia, Mambuaya, Taguanao and Baikingon, all of Cagayan
* Sustainable Building “Atrium Type” de Oro. Because of these upgrades, an additional 839 households are
* Spacious Parking Area now connected to the water system that already includes some of the
* 95 Rooms on 7 storey commercial building residents of Macasandig and Bayanga, also of Cagayan de Oro.
* Ground floor 12 Suites Room Good for 2, Rates start
at 400.00/day Despite it being new, MCWS has already declared dividends, albeit small
* Dorm Good for 4 persons for long term stay at percentage, to its member coops during the last three years, including
2,500.00/month/pax the first two, 2018 and
* Dormitory 2nd to 6th floor 2019, during which it
* Roof Deck (Open Space-Function Hall) actually has no actual
* Each Room has Toilet and Bath water operation. That
* Standby Generator speaks of the prudence
* 24/7 Front desk and Security Guard exercised by the people
* Building with elevator running MCWS.
* Walking distance from Church and Business
District (DVSORIA) MCWS is comprised
* Cable TV(Suite Rooms) by 13 cooperatives,
12 of which are based
in Cagayan de Oro
FICCO Dormitel, “Your home, away from home”. Book now! and one in Davao City,
and two corporations.
For more details, reservation and bookings, you may FICCO owns 95% of
contact 088(851-1247); 088(855-4238) and 0975-6227045. the common stocks of
this Federation.

FICCO2 www.ficco.org
 FICCO
FICCO Community Outreach FICCO ACQUIRED
Foundation Inc., (FCOF) New Scholars PROPERTIES
FICCO Community Outreach Foundation Inc., welcomes its new FCOF
scholars for school year 2021-2022. Congratulations!
I O N SA LE
A U C T
NAME BRANCH
REGION 1
1 Buenventura, Aidan Axel C. MAIN CAGAYAN DE ORO AREA
2 Campaña, Sarah Jeremaia S. MAIN
3 Dandasan, Crystal Joy D. MAIN LOCATION AREA (SQ.M.) MINIMUM BID
PRICE
4 Padla, Maria Beatriz B. MAIN
1 Lumbia, CDOC 112 (Res.) 405,000.00
5 Sumbilon, Hayley Natalie A. MAIN
6 Casicas, Jasmine Kyle C. CARMEN MISAMIS ORIENTAL AREA
7 Punay, Gamaliel Florentino T. LAPASAN
8 Laborte, Tricia D. TIANO LOCATION AREA (SQ.M.) MINIMUM BID
PRICE
9 Mahinay, Raymond P. TIANO
1 Igpit, Opol, Misamis Oriental 114 (Res.) 175,000.00
10 Balala, LyrcaRoniech R. TIANO
2 Anakan, Gingoog City 611 (Res.) 720,000.00
11 Mesa, ZorobelLiezzel A. PUERTO
3 Anakan, Gingoog City 2,001 (Res.) 575,000.00
12 Wahing, Arrian Jhon L. PUERTO
13 Galvo, Mary Rose N. PUERTO BUKIDNON AREA
14 Jaraula, Cherylyn A. OPOL
15 Solitario, Cresanto COGON LOCATION AREA (SQ.M.) MINIMUM BID
PRICE
16 Abugho, KrizzhaYsabelle H. VILLANUEVA
1 San Jose , Malaybalay City 322 (Res.) 740,000.00
17 Sabit, Shane Denise Marie B. VILLANUEVA
18 Ral, Charlie Mae R. VILLANUEVA CARAGA REGION
19 Sabit, Mark Hudson B. VILLANUEVA
LOCATION AREA (SQ.M.) MINIMUM BID
20 Apdian, Dinims Dimple Eppoy VILLANUEVA
PRICE
21 Sasuman, King Mark S. CLAVERIA
1 Brgy. Libertad, Butuan City 414 (Res.) 2,300,000.00
22 Paradero, Selvestre CLAVERIA
2 San Teodoro, Bunawan,
REGION 2 569 (Res.) 242,000.00
Agusan del Sur
23 Galbo, Angelie G. ILIGAN 3 San Teodoro, Bunawan,
1,000 (Res.) 335,000.00
24 Fortun, Judith I. M.CALO Agusan del Sur
25 Rañoa, Jessica D. BALINGOAN
26 Curtivo, Chinee May GINGOOG
27 Castillo, Kristine Jean N. GINGOOG
28 Maagad, Harold Christoph C. GINGOOG
29 Castilo, Mark Kevin T. GINGOOG A Successful New-Normal
30 Dalumpines, Mark Anthony G. LIBERTAD
31 Macapili, Noreen R. LIBERTAD Conduct of Training
32 Olita, Rickzle Jhon S. LIBERTAD
33 Rosales, Edrain C. LIBERTAD FICCO Community Outreach Foundation (FCOF) holds a new
34 Babanto, Jamaica B. CAMIGUIN normal set up training during this time of pandemic. On June 5, 2021
at 8:00 in the morning until 5:00 in the afternoon, FCOF successfully
35 Bacala, Mary Joy D. BALINGASAG
conducted a virtual training on Risk and Credit Management Training
36 Jagunos, Jissaluz A. LANGIHAN via zoom. A total of 213 officers of FICCO from branches under Cluster
REGION 4 1 to 3 became participants on this Cooperative Development Authority
37 Trases, BrigdettElline J. MARAMAG (CDA) mandated training. The training was handled by three of FCOF’s
dynamic pool of trainers namely: Isagani B. Daba, Tessie R. Daba,
38 Linda, Divine Grace Antonette MARAMAG
and Elmo C. Bautista. Below were some of the screenshots during the
39 Acuram, Rolly Jr. A. KALILANGAN training:
40 Casipong, Wilfredo Jr. D. KALILANGAN
41 Gales, Janicah Angel A. MANOLO
42 Lim, Maria Isabela M. MANOLO
43 Bantillo, Gwengelyn N. MANOLO
44 Jabinez, AtheaCollaine C. DAMILAG
45 Malacaman, Jun Ceasar Ian T. KIBAWE
REGION 5
46 Nalam, Maricho Christy M. PONCIANO
47 Orillo, Rio Marie R. PONCIANO
48 Pajaron, Christal Mae C. BAYUGAN
This training has been replicated to another set of officers in Cluster 4 to
6 on June 26, 2021. On the 2nd batch of training, a total of 108 FICCO
officers participated. This was held also via zoom platform and conducted
by the same trainer who handled the 1st batch.

Living with the pandemic and coping with the new normal set-up has
been a challenge for all organizations, but one thing is evident during
this difficult time – the value of COMMITMENT. FICCO, together with
FCOF is always up to the challenge.

www.ficco.org 3 FICCO
FICCO
IMPORTANT NOTICE:
Dear FICCO Members,
Relative to the implementation of the Home Protect Coverage to all
Regular members, please be informed of the following guidelines:
1. The declared home address on our FICCO System will
automatically be used as the location of the property insured.
Thus, any changes in home address reflected on our records
must be properly communicated with your branch of membership
to avoid problems for future claims.
2. For members whose savings deposit is below Php250.00,
Home protect coverage will be held in abeyance and are therefore
not covered with the benefits mentioned on the said plan.
For further information, kindly approach the branch insurance in
charge. Thank you!
IMPORTANTE NGA PAHIBALO:
Mga tinahod nga miyembro sa FICCO,
May kalabotan sa pagpatuman sa among Home Protect Coverage
sa tanan nga mga regular nga miyembro, pahibalo sa mga mosunud
nga panudlo:
1. Ang gideklara nga address sa balay nga makita sa among
FICCO System mao ang awtomatiko nga magamit nga lokasyon
sa naka-insured nga kabtangan. Sa ingon, ang bisan unsang mga
pagbag-o sa address sa balay nga makita sa among mga rekords
kinahanglan mapahibalo dayun sa sangang-buhatan sa FICCO
diin kamo miyembro aron malikayan ang mga problema kabahin
sa mga umaabot nga claims.
2. Alang sa mga miyembro nga ang tinipig nga deposito ubus pa
sa Php250.00 ug di na makuhaan sa premium, ang Home Protect
Coverage dili na epektibo busa suspendido na ang iyang mga
benepisyo nga makuha sa nasangpit nga plano.
Alang sa mga dugang nga kasayuran, mamahimong moduol sa
in-charge sa sangang-buhatan.
Daghang Salamat!
iSTAR Program Kick-off –
Training Induction Program (TIP)
I
n current times when information and communications technology play
aa major role in development programs, a digital version of STAR is
vviewed as a strategic means to sustain its gains. Amidst technological
changes, a digital format can increase accessibility and broaden the
reach of the program to a wider audience who needs to improve their
basic entrepreneurial management skills. Hence, the birth of the iSTAR
(Digital Sari-Sari Store Training and Access to Resources ) Program, a
blended learning digital version of the STAR Program Training Course.
On June 15, 2021, iSTAR Program had kicked-off by conducting a
Training Induction Program (TIP) to the iSTAR participants Batch 1 via
Zoom Platform. It was facilitated by the pioneering STAR Facilitators,
now called iSTAR Training Faciltators namely: Alicia Palacio (Villanueva-
Talakag-Opol), Corazon Roska (Alubijid-Pagadian), Tessie Daba
(Salay-Surigao), and Jimmy
Patlunag (Manolo-Kalilangan).
The TIP consists of a brief
introduction of the program,
the iSTAR Online Module and
step-by-step online registration
on e-TESDA’s website. A total
of 128 participants had joined
the scheduled TIP by attending
at FICCO Branches and at the
comfort of their homes.
As of June 30, 2021, a total of 310 Participants have joined the Training
Induction Program and now ready for the training.
For more details about this program, you may visit
your branch of membership.
Be a proud iSTAR Graduate now!
FICCO4
www.ficco.org
A GENTLE REMINDER!
Kindly update your membership information especially your
residential address to avoid problems in the future claims.
Report any incident (fire / disaster / motor accident) immediately
(or within 7 days from the date of the incident) to FICCO or 1CISP
and submit the claim documents within 30 days, otherwise, the
claim will be forfeited.
USA KA PAHINUMDUM!
Maayo nga i-update ang mga impormasyon sa imong
pagkamiyembro labi na ang imong address sa pinuy-anan aron
malikayan ang mga problema sa umaabot nga mga claims.
Pagreport dayon sa bisan unsang insidente (aksidente sa
sunog / kalamidad / motor) (o sulud sa 7 ka adlaw gikan sa
petsa sa hitabo) ngadto sa FICCO o 1CISP ug isumite ang mga
dokumento sa pag-angkon sa sulud sa 30 ka adlaw, kay kung
dili, mawala ang pag-angkon.
Member’s Success Story
My name is Solitario Yangco Sr., 51 years
old and a proud member of FICCO Lapu-
lapu Branch. I’m currently residing at Sentro
Ibabao Cordova, Cebu and blessed with five
(5) children. I became a member of FICCO
on November 28, 2011. While managing my
Solitario hewing wrought stones
finances, I also devote my time as an active
member of FICCO. I have been a member of the Election Committee for
a year, a Credit Committee Chairman for seven years, and currently an
active 8-year Education Committee Volunteer of FICCO.
I started with small amount of deposit in my account since my source of
income is hewing wrought stones that wages Php 1,000 to 1,200 pesos
only per week. Given this salary range, I also did some construction
works to cope-up with our financial needs.
Year 2014, I availed a FICCO Loan to start a small business as a hog
raiser and apartments-for-rent built in light materials. I did my best to
manage my FICCO account so I can avail a bigger amount of loan for
my future business plan that I would also like to pass on to my children.
My prayers and diligence did not falter for I was able to loan a capital for
my dream business and even started a small company. Our company
produces garment such as medical equipments, specializing in anti-
radiation equipments for Doctor’s usage in operating room. By God’s
grace and family’s full support, our business had run smoothly, became
successful and enabled us to engage in exportation. FICCO has always
been our financing partner in rolling our capital and sustaining our
business needs. It is not only I that FICCO had helped, it is my whole
family.
Solitario’s Business (present)
Our successful business has allowed us to purchase our own assets
and properties. I’m proud to say that my children now have their own
properties and financially stable. I will be forever grateful to FICCO that
became an instrument in making our lives better. By this testimony,
I’m not ashamed to share to all FICCO members in Luzon, Visayas
and Mindanao, to all my children and generations by generations how
FICCO can change lives. For those who are not
yet FICCO members, if you have a dream and it
Editorial Board:
seems that your dream for a better life is far from
Over-all Editors:
where you are right now, I highly encourage you to Edgardo A. Micayabas
Rosario B. Ferrer
join FICCO. It has always been true to its mission Cronie Kaye F. Jamito
Jhonida Marie L. Magbanua
in uplifting the standard of living and quality of life Richelle Anne I. Legaspi
of its members. With FICCO and unceasing prayer, Contributors:
you can be whoever and wherever you want to be Isagani B. Daba
Melvin O. Bedasua
in the future. Mabuhay ang FICCO! Kathlene Joyce B. Odtojan
Joan D. Florentino
Anne Gila Faye C. Consolacion
Louie Allen R. Dahilan
Lorena C. Reponte
Ines Gay P. Pecson