Question & AnswerQ&A (CDA MEMORANDUM CIRCULAR NO. 93-002 s. 1993)
The primary purpose is to promote self-reliance and harness people power, ensuring cooperatives' viability as instruments of equity, social justice, and economic development.
An apex organization is a federation or union whose members are registered secondary, tertiary, or higher level cooperative organizations, initially composed of at least five registered secondary/higher cooperatives, increasing to fifteen within three years.
A federation is a duly registered cooperative composed of primary and higher categories with single or multi-purpose business activities, while a union is a duly registered cooperative whose members include primary, secondary, or tertiary cooperatives (federations or unions) and performs non-business functions.
Membership must be composed of duly registered secondary, tertiary, or higher cooperative organizations, including federations or unions.
Four copies each of Articles of Cooperation, By-laws, bonds of accountable officers, Treasurer’s sworn statement on compliance with subscription and paid-up share capital, economic survey with three years projected financial statements, and General Assembly resolutions of member cooperatives affiliating with the apex organization.
The fee is equivalent to one-tenth of one percent (1/10 of 1%) of the paid-up share capital but not less than P2,000.00.
The share capital amount is based on the business and service activities of the organization.
It performs its functions as defined in its Articles of Cooperation and By-laws and must comply with the Cooperative Code of the Philippines and CDA policy issuances.
A tertiary cooperative is a duly registered cooperative whose members are secondary cooperatives.
The policy is to foster the creation and growth of cooperatives as practical vehicles for promoting self-reliance and harnessing people power while ensuring their viability as instruments of equity, social justice, and economic development.