MAY 2015 ISSUE
www.telescoop.com.ph
TELESCOOP Holds 11th Representative Assembly
Chairperson
Marcos R. De Leon, fifth from left, addresses the Assembly while the rest of the Board of Directors listen intently..
The PLDT Employees Multi-Purpose Cooperative (TELESCOOP) held its Eleventh (11th) Annual Representative Assembly last March 14, 2015 at the PLDT Dansalan Gymnasium, Boni Avenue, Mandaluyong City. This event was attended by seven hundred thirty seven (737) Representatives from PLDT Organizational units, PLDT Subsidiaries and Affiliates, and Non-Payroll Members Group. In his message, TELESCOOP President and Chairperson Marcos R. De Leon underscored the 2014 milestone of achieving the Two Billion Pesos Asset mark. “This achievement is a clear manifestation of the efficient and professional management of TELESCOOP by your Officers as well as the unwavering support of our members, employees, PLDT Management and other Stakeholders”, De Leon said. Despite the dwindling membership and reduction of interest rates and service fees on loan products , De Leon also presented the highlights of the 2014 operations which generated significant and highly commendable results. “These are: a.) Increase of twenty-
five percent (25%) in Net Surlpus from P51,152,644 in 2013 to P64,068,927 in 2014; b.) Increase of twenty percent (20%) in the combined interest on Share Capital and Patronage Refund from P38,984,914 in 2013 to P46,815,229 in 2014; c.) Increase of Nineteen Percent (19%) in Gross Sales from P1,057,553,786 in 2013 to P 1,259,302,312 in 2014; and d.) Increase of Eleven percent (11%) in Assets from P1,806,642,040 in 2013 to P2,001,519,822 in 2014.” He also emphasized the reactivation and intensification of the “Big Brother Program”. He said, “In keeping with TELESCOOP’s commitment to the cooperative movement and in line with our concerns for the community (7th Cooperative Principle), we have reactivated
and intensified our “Big Brother Program” advocacy and would be helping small and start-up cooperatives in whatever assistance we can extend.” Further to this, De Leon added that TELESCOOP is expanding potential recipients and To page 3, please