Brief History
In the latter part of the 70’s a slaughterhouse in Novaliches was ordered closed by the local government due to sanitation and health considerations. This prompted the vendors in Susano Market to hold a meeting to address this concern. Their agenda was mainly to provide solution to the meat vendor’s problem of lack of meat supply and the lack of capital to continue their businesses and to address the sanitation and health. Thus, in a subsequent meeting the idea of forming a cooperative was brought up.
There were 15 founders who infused a total initial capitalization of P7,000.00 to the cooperative. Soon, more people were convinced to join as members, with the idea of pooling each other’s resources to address each other’s needs. There were 70 original members when Novaliches Vendors Credit Cooperative Incorporated was renamed Novaliches Development Cooperative or NOVADECI. The newly formed cooperative underwent numerous trials and problems. Initially, the group could not afford to lease a space to hold office for their business transactions and for holding their meetings, because of this, the founders utilized their residences as the venues of their assemblies.
The creation of the NOVADECI came to the knowledge of the market owner so that, the fear of the market owner on the coop’s taking over the management of their market resulted to the eviction of the members of the Cooperative from their Market stalls. However, the members took everything in stride and considered these problems as challenges in molding them into a stronger and better organization and to work harder.
In 1984, the co-op opened its membership even to non-market vendors. Gradually, the co-op’s membership grew in size and expanded its operations. In 1989, the co-op which was once had no place of its own acquired a lot and built a four storey building located in Novaliches Proper. Nine Years later an additional six-storey building was built besides the first building. NOVADECI adopted the VISION Statement “NOVADECI is the best financial institution responsive to members’ need” and MISSION statement “Novadeci is a community based cooperative that improves the quality of life of its members through excellent financial and allied services”
It was geared towards providing diversified services to the members. To date, the co-op’s products and services include health and medical services, mutual benefit services, savings products, loan products, medical services pharmacy and educational services.
Aside from these services, NOVADECI has launched and implemented some big projects and programs. Among these are the housing project, micro-finance project, and livelihood program. NOVADECI also involves itself in community services such as tree planting, medical and dental mission, mass feeding and fund raising campaigns in support of its socio-civic programs.
Because of its magnificent performances, NOVADECI became a recipient of the following awards from Landbank:
LANDBANK GAWAD PITAKAWARDS
- GININTUANG AWARD NATIONAL LEVEL NON-AGRI CATEGORY
- PINAKATANGING KOOPERATIBA 2008
AUGUST 2007
LANDBANK GAWAD PITAKAWARDS
- HALL OF FAME NATIONAL LEVEL NON-AGRI CATEGORY
- PINAKATANGING KOOPERATIBA 2007
APRIL 27, 2007
TAGALOG COOPERATIVE DEVELOPMENT CENTER AWARDS
- TAGCODEC GAWAD MASIKHAY (PERFORMACE CATEGORY)
- HIGHEST PERCENTAGE GROWTH IN MEMBERSHIP EXPANSION FOR THE YEAR 2006
JANUARY 23, 2007
PARTNERSHIP WITH QUEZON CITY GOVERNMENT AWARD
- COOP-LGU PARTNERSHIP AWARD
OCTOBER 28, 2006
COOPERATIVE DEVELOPMENT AUTHORITY AWARD
- MOST OUTSTANDING MULTI-PURPOSE COOPERATIVE
OCTOBER 11, 2006
QUEZON CITY GOVERNMENT AWARD
- MOST OUTSTANDING ORGANIZATION
AUGUST 8, 2006
LANDBANK GAWAD PITAKAWARDS
- 1ST PLACE NATIONAL LEVEL NON-AGRI CATEGORY
- PINAKATANGING KOOPERATIBA 2006
LANDBANK GAWAD PITAK AWARD
- 3RD PLACE -BEST LANDBANK -ASSISTED CREDIT COOPERATIVE IN METRO MANILA
LANDBANK GAWAD PITAK AWARD
- CLASS A NON-AGRI BASED CATEGORY, NCR
LANDBANK GAWAD PITAKAWARDS
- 2ND PLACE -PINAKATANGING KOOPERATIBA
- CLASS A -NON AGRI BASED CATEGORY, NCR
COOPERATIVE DEVELOPMENT AUTHORITYAWARDS
- OUTSTANDING MULTI-PURPOSE COOPERATIVE
- COMMUNITY BASED-LARGE CATEGORY
- QUEZON CITY COOPERATIVE CONGRESS
These honors are credited to the Officers and Staff whose dedication to duty earned the trust and confidence of members. NOVADECI observes the principles of check and balance and transparency in its day to day operations. In August 2003 NOVADECI’s operations covered the whole area of Quezon City and Caloocan City.
As of year-end 2007 NOVADECI has 19,848 regular members. Its total assets grew to P881 million while its paid-up capital had reached more than P180 million. Its savings and time deposits rose to P330 million.
To reach out to a greater number of members and enhance its services. NOVADECI implemented its vision of creating branches and satellite offices. It revised its performance appraisal system, provided a computer for member’s inquiries, developed a window- based program for operations, reclassified its membership, established a Barangay Coordinating Council, professionalized its operations, adopted a standard chart of accounts and achieved COOP PESOS as a parameter of its performance and started a housing project. The success of these programs depends upon the active participation of members.
Other Information
CHAIRMAN – MA.THERESA G. DRUECO
General Manager – MARLENE D. SINDAYEN
No. of full-time employees – 150
Date Registered – September 3, 1976
Registration No. – CDA No. 231
No. of Original Members – 70 members
Affiliations
- National Confederation of Cooperatives (NATCCO)
- Tagalog Cooperative Development Center (TAGCODEC)
- National Market Vendors Cooperative (NAMVESCO)
- Cooperative Trading Center (CTC)
- Metro South Cooperative Bank
- Cooperative Insurance System of the Philippines (CISP)
- Coop Life Insurance and Mutual Benefit Services (CLIMBS)
- Quezon City Cooperative Development Council (QCCDC)
- Quezon City Chamber of PO-NGO
- Quezon City Chamber of Commerce & Industry
Best Practices
NOVADECI operates on the principles espoused by the whole cooperative movement. It values equity and equality, self-help and autonomy. These values are translated into concrete actions through the implementation of policies and programs in the various facets of the coop’s activities. In doing so, the organization harnesses the power of cooperation to work towards the upliftment of the lives of its members which can in turn, redound to the betterment of the lives of other people in the community as well.
Working towards the attainment of the cooperative’s mission and vision entails a lot of commitment on the part of officers, management and staff and the general membership. This commitment in turn, has paved the way into realizing accomplishments/best practices in the areas of operations, governance and social responsibility.
Operations
Democratic Structures. The regular membership base of 19,848 as of year-end 2007 composed on individuals from various sectors of society, is indicative of our adherence in the cooperative movement’s principle of making membership open and non-discriminatory. The regular conduct of UGNAYAN or membership meetings and General Assembly meetings attended by a high percentage of members shows that democracy is well-entrenched in the cooperative’s system.
Service to Members. To reach out to a greater number of members and to continue enhancement of its services, NOVADECI implemented its vision of creating branches and satellite offices. For the year 2007, satellite offices in TandangSora and Banawe (both in Quezon City) and Bankers (Caloocan City) were opened in addition to the two other operational branches in BagongSilang and Camarin (Caloocan City) and 3 satellite offices in Muñoz, Fairview and Cubao (Quezon City). It was also in 2007 that the pilot program of the Barangay Bayad Center was launched in Bgy. Sta. Lucia, Novaliches Quezon City, to bring NOVADECI closer to its members. NOVADECI has also allocated funds for a scholarship program which can be availed by its members and their dependents and employees which seek to enroll in graduate studies with the end in view of giving back to the cooperative by applying the knowledge acquired on those studies in NOVADECI’s operations. The”Damayan” is a program which has been shared and replicated in other organizations.
It continues to provide for disability, old age pension and death of enrolled members and their dependents/beneficiaries. The NOVADECI Health Care Program (NHCP) is another program which of the cooperative continues to provide to its members. Availment are in the form of benefit payments for hospitalization or annual physical examination. Tied to this is the hospital accreditation program of the cooperative which ensures that members confined in accredited hospitals are not charged with down payment upon admission. Likewise claims may be used as payment of hospital bills during confinement. This definitely lessens the burden on the member as payment processing is handled by NOVADECI. The “Tangkilikan” is an ongoing program of NOVADECI which fosters patronage of the business endeavors of co-members.
Members are given priority in the awarding of service contracts such as carpentry works, canteen management, printing services among others. Part of this program is the accreditation of members’ businesses, which gives discounts to NOVADECI through members’ purchases in the accredited establishments. Discounts from this program therefore becomes part of the coop’s income which benefits members as it becomes part of the divisible income. Lastly, partnerships with different educational institutions provide for discounts to basic tuition fees of members and/or their dependents.
To date, NOVADECI has partnerships with educational institutions for primary and secondary educations, technical-vocational institutions and higher education institutions. In every step of the educational ladder, NOVADECI sees to it that it can, in its own way, through these partnerships, help ease the members’ apprehension on the rising cost of sending
their children to school.
Financial Performance. The cooperative has religiously used the COOP-PESOS standard as its yardstick in the measurement of financial performance.
Governance
To effectively carry out their mandated duties, the Board conducts regular monthly meetings, and meetings with other elected committees also on a monthly basis. For the year 2007, it has conducted 12 Regular Board meetings, 12 Joint Board and Committee meetings and ____ emergency and special meetings. It has approved ______ new policies and reviewed/amended _____ policies.
NOVADECI operates on the principles espoused by the whole cooperative movement. It values equity and equality, self-help and autonomy. These values are translated into concrete actions through theImplementation of policies and programs in the various facets of the coop’s activities. In doing so, theOrganization harnesses the power of cooperation to work towards the upliftment of the lives of its members which can in turn, redound to the betterment of the lives of other people in the community as well.
Working towards the attainment of the cooperative’s mission and vision entails a lot of commitmenton the part of officers, management and staff and the general membership. This commitment in turn, haspaved the way into realizing accomplishments/best practices in the areas of operations, governance andsocial responsibility.
Operations
Democratic Structures. The regular membership base of 19,848 as of year-end 2007 composed onindividuals from various sectors of society, is indicative of our adherence in the cooperative movement’sprinciple of making membership open and non-discriminatory. The regular conduct of UGNAYAN ormembership meetings and General Assembly meetings attended by a high percentage of members showsthat democracy is well-entrenched in the cooperative’s system.
Service to Members
To reach out to a greater number of members and to continue enhancement of its services, NOVADECIimplemented its vision of creating branches and satellite offices. For the year 2007, satellite offices inTandangSora and Banawe (both in Quezon City) and Bankers (Caloocan City) were opened in addition tothe two other operational branches in BagongSilang and Camarin (Caloocan City) and 3satellite offices inMuñoz, Fairview and Cubao (Quezon City). It was also in 2007 that the pilot program of the BarangayBayad Center was launched in Bgy. Sta. Lucia, Novaliches Quezon City, to bring NOVADECI closer to itsmembers. NOVADECI has also allocated funds for a scholarship program which can be availed by itsmembers and their dependents and employees which seek to enroll in graduate studies with the end in viewof giving back to the cooperative by applying the knowledge acquired on those studies in NOVADECI’soperations. The ”Damayan” is a program which has been shared and replicated in other organizations.
It continues to provide for disability, old age pension and death of enrolled members and theirdependents/beneficiaries. The NOVADECI Health Care Program (NHCP) is another program which of thecooperative continues to provide to its members. Availment are in the form of benefit payments forhospitalization or annual physical examination. Tied to this is the hospital accreditation program of thecooperative which ensures that members confined in accredited hospitals are not charged withdownpayment upon admission. Likewise claims may be used as payment of hospital bills duringconfinement. This definitely lessens the burden on the member as payment processing is handled by NOVADECI. The “Tangkilikan” is an ongoing program of NOVADECI which fosters patronage of thebusiness endeavors of co-members.
Members are given priority in the awarding of service contracts such as carpentry works, canteenmanagement, printing services among others. Part of this program is the accreditation of members’businesses, which gives discounts to NOVADECI through members’ purchases in the accreditedestablishments. Discounts from this program therefore becomes part of the coop’s income which benefitsmembers as it becomes part of the divisible income. Lastly, partnerships with different educationalinstitutions provide for discounts to basic tuition fees of members and/or their dependents.
To date, NOVADECI has partnerships with educational institutions for primary and secondary educations,technical-vocational institutions and higher education institutions. In every step of the educational ladder,NOVADECI sees to it that it can, in its own way, through these partnerships, help ease the members’apprehension on the rising cost of sending their children to school.
Financial Performance. The cooperative has religiously used the COOP-PESOS standard as its yardstickin the measurement of financial performance.
Social Goals
Education. The cooperative has consistently promoted the education of its members through livelihoodprograms, “BALIK-ARAL” or policy review. Members of the board, coming from varied fields ofpractice/profession undergo continuous education by attending the Credit Unions Directors CompetencyCourse (CUDCC). Employees are likewise sent to various seminars, trainings, enrolled in masteral ordiploma courses as part of their continuing education.
Cooperation among Cooperatives. NOVADECI acknowledges its responsibility to the community of cooperatives that is why it has continuously opened its doors and shared its expertise, experiences,best practices and procedures to other cooperatives. It is actively affiliated with national federations andapex organizations in the movement.
Social Responsibility. NOVADECI acknowledges that more than the financial aspect, it has to answer thehigher call of social development. In doing so, it realizes that its social responsibility is not limited to itsmembers alone, but to the larger community where the cooperative and its individual members belong. The Implementing Rules on the conduct of medical missions is proof of the importance the cooperativegives to this project. NOVADECI continuously and regularly conducts medical missions and healthawareness seminars. It has also taken the initiative to help in providing decent housing to its members. This has benefited not only members, but also their families and extended families who are yet to becomeNOVADECI members. Even after this housing project has been turned over to the Homeowners’Association, the cooperative has made representations for financial assistance/funding for the continuousdevelopment of the housing program.