CBMPC Holds Annual Planning Session

On February 7, the coop held its Annual Planning Activity via zoom. The event was attended by the members of the Board together with the chairpersons and members of various committees. The event was presided over by CBMPC Chair Rogelio Decal.

During the meeting, Chair Decal shared the Coop’s Development Plans for 2024. These plans include the sale or rental of the Cityland Condominium Unit located in Taft Avenue, Manila as well as the sale of the coop’s apartment in Las Pinas. The proceeds from these sales will be used to pay the CBMPC Bonds issued and any excess will be invested in stocks of top corporations with a history of paying high dividends.

The coop has plans to offer more services and products to its members. These include increasing loan releases and accessing special funds from the Department of Agriculture – Agricultural Credit Policy Council (ACPC), LANDBANK’s Agricultural Competitiveness Enhancement Fund (ACEF), and Small Business Corporation. The coop is also looking into potential business partnership with Agricooph.

Furthermore, the CBMPC will explore and apply for grants from local and international funding agencies. It will also continue to act as a broker for LSERV shares.

In addition to these plans, a merger with the Landbankers’ Multi-Purpose Cooperative is being considered. This merger could benefit both coops since they share a common membership base of retired Landbankers and those in active service.

During the coop’s planning session, each committee presented its individual 2024 Plans and Targets.