The Agusan del Norte Credit Surety Fund Cooperative (ADNCSFC) held its 3rd Annual General Assembly Meeting and Election of Officers on April 14, 2023, at Baug Carp Beneficiaries MPC, Cabadbaran City. The event was attended by representatives of 7 primary cooperatives-members and 1 representative from Landbank of the Philippines. The well-respected Chairman of Agusan del Norte Credit Surety Fund, Ms. Luxmi Auxillo, presided over the meeting and expressed her gratitude to the general membership for their unwavering support to the CSF Cooperative.
The event highlighted the 2022 operations, which included compliance with the Bureau of Internal Revenue by securing the Certificate of Tax Exemption. It also presented the Audited Financial Statement for the fiscal year 2022 and the Inspection Report conducted by the Authority last November 10-11, 2023. Moreover, the 5-year Strategic Development Plan was emphasized, showing the plans and programs of the CSF Coop and the training/seminars and workshops conducted and facilitated by CDA and BSP.
Mr. Jonnie Sacote of LBP expressed his support for the Credit Surety Fund Cooperative by inviting the member-coop to endorse their respective members to CSFC for a loan intended for business. CDS II Gezzel B. Quaio, Focal CDS of Butuan City, showed her zeal and support for the cause of the CSF Coop by providing technical expertise and assistance in achieving the purpose and importance of Credit Surety Fund. Ms. Quiao also discussed CDA updates regarding the finalization of the CSF Manual, submission of Annual Report, and massive conduct of mandatory training to guide the coop members and officers on the new issuances and guidelines of the Authority.
The event concluded with the election of new officers who will hold the office for Agusan del Norte Credit Surety Fund Cooperative for the year 2023-2024. Overall, it was a fruitful event that showcased the progress and developments of the cooperative, as well as its commitment to promote financial stability and growth among its members.