In a concerted effort to bolster cooperative development and foster economic empowerment, the Cooperative Development Authority (CDA) Region 1 Extension Office, spearheaded by its Regional Director, Atty. Frederick Joe N. Robles, took the lead in organizing an orientation session on Republic Act 10744 and its Implementing Rules and Regulation (IRR). This initiative aimed to provide valuable technical assistance to micro, small, and medium cooperatives in the province of La Union, with the goal of expanding membership in the La Union Credit Surety Fund Cooperative (LUCSFC).
The orientation session was seamlessly integrated into the three-day Compliance Caravan, a dynamic event held at the prestigious Speaker Pro-Tempore Francisco I. Ortega Convention Center in the heart of the bustling City of San Fernando, La Union on February 19-21, 2023. Amidst the vibrant atmosphere, representatives from twenty-five cooperatives, meticulously chosen for their potential to contribute to the LUCSFC’s mission, gathered to partake in this enlightening experience.
Guided by the expertise of Ms. Renee Faye D. Cariño, the Senior Cooperatives Development Specialist from the Credit Surety Fund Section, participants delved into the intricacies of RA 10744 and its IRR. Through insightful presentations, they gained a comprehensive understanding of the salient features of the legislation, paving the way for informed decision-making and strategic planning.
Adding a personal touch to the proceedings, Mr. Emmanuel E. Juquiana, Chairperson of the LUCSFC, graced the plenary with his presence. Drawing from his wealth of experience, he shared invaluable insights into the cooperative’s operations, illuminating the path to success and inspiring attendees to consider joining the LUCSFC.
The interactive nature of the session spurred lively discussions, with participants eagerly raising questions and seeking clarification on various aspects of cooperative membership and operation. Each query was met with patience and expertise, ensuring that all concerns were addressed comprehensively.
As the session drew to a close, participants departed with newfound knowledge and a sense of enthusiasm for the cooperative movement. It was unanimously agreed upon that a follow-up meeting would be convened to further explore opportunities for collaboration and to facilitate the integration of interested cooperatives into the LUCSFC.
In summary, the orientation session on RA 10744 served as a pivotal moment in the journey towards cooperative growth and development in La Union. By equipping cooperatives with the necessary tools and knowledge, the CDA Region 1 Extension Office has taken significant strides towards realizing the vision of a vibrant and inclusive cooperative community in the province. (Renee Faye D, Cariño, Sr. CDS – CSF CDAR1EO)
