RECEMPCO

RECEMPCO Conducts Mid-Year Evaluation, Grants 4.4% Member’s Benefit

RECEMPCO hied off to Sabin Resort Hotel in Ormoc City last August 1, 2014 to evaluate the performance of the coop for the first half of its operations in 2014.

Aside from the General Manager’s report on the state of the coop, Committee Reports from Credit, Election, Audit and Delinquency were also presented and analyzed. Suggestions were offered as enhancements to the report format/presentation by year-end. After a thorough discussion of the coop’s half of the year performance, a Joint Board of Directors and Officers meeting ensued where foremost among the agenda was the granting of member’s benefit. Traditionally given immediately the month after the sixth month of operation, the Board agreed to grant a 4.4% benefit to all