The University Cooperative is having a yearly General Assembly last March 21, 2018 from 8:00-12:00 held at the Amphitheater of the university. It was attended by more than 200 hundred members.

Dr. Bucol (a @steemian) - the Manager of the cooperative. He gives us the financial status of the cooperative, how the money works in the cooperative and as well as how the dividend is being computed.

He also shared that he almost falls down on the ground in the Research Office while preparing the event. He was very thankful to God because someone catches him most specially his head portion. He added that serving in the community is quite rewarding because God saves his daughter who almost died and his grandson who was born six months old. There are many struggles in his life which God has a big plan for him and his family. So far the cooperative is going well and keep on moving on as it helps all the university personnel in times of financial needs.

The scenario for the Election of the new Board of Directors of the Cooperative.

Every two years as stipulated in the policies and standards in the university cooperative to elect the new set of board of directors:

Here are the rules of the Election of Board of Directors.

1. He/she must be a bonafide employee and at least two years member in the cooperative.
2. He/she must possess with good moral character.
3. Can serve the cooperative to the best of his/her ability.

Here are few of the basic policies and standards of the member

1. Membership
   a. He must be a bonafide faculty and staff in the university.
   b. Minimum capital contribution of fixed deposit requirement per month of two hundred (P200.00) pesos only or it depends to the member of the cooperative if he will make it higher.
   c. To maintain coop membership while in the service of the university and if he or she opt to resign he can withdraw all his savings and the interest of his contribution.
   d. Persons qualified to become a member may contribute one time capital contribution (fixed deposits) of Php 5,000.00 or more depending on decision of the member of the Cooperative.
2. Savings
   a. Minimum deposits requirement is Five Thousand pesos (P5,000.00).
   b. Withdrawable anytime within regular office hours.
3. Multi-purpose loan
   a. He can loan upon the day of the intial capital deposit is given and at least two(2) co-makers who are at least 1 year in the service of the university.
   b. The maximum loanable amount is 75% of the total contribution.

The snacks is also serve to the participants in a variety.

There are also fellow @steemian personnel spotted in the event.

"If you think that to be rich is evil… Or if you think you don’t deserve to be rich… Or if you think to be rich doesn’t fit you… Then you’ll never become rich. To become truly rich, you need to think in a truly rich way. Godwhispers…."