Tale 10

Topics: 22, Cooperative, Prime number Pages: 5 (1828 words) Published: June 23, 2013
Table 10. Functions of COOP - PESOS
Do you find the following functions of COOP-PESOS effective assessing your coop’s performance?| FUNCTIONS OF COOP-PESOS| 5(highly effective)| 4(adequately effective)| 3(somewhat effective)| 2(least effective)| 1(not at all)| MEAN SCORE| DESCRIPTIVE RATING| | R| RF| R| RF| R| RF| R| RF| R| RF| | |

as a Supervisory and Regulatory tool|
* ensures the safety of contributions of cooperative members who typically belong to the low income segment of the community| 17| 32.7| 20| 40.8| 11| 22.4| 1| 2.0| 0| 0| 4.08| Adequately Effective| * guarantees the soundness of the credit cooperative’s operations| 19| 38.8| 19| 38.8| 10| 20.4| 1| 2.0| 0| 0| 4.14| Adequately Effective| * infuses the necessary operational and financial discipline.| 19| 38.8| 19| 38.8| 10| 20.4| 1| 2.0| 0| 0| 4.14| Adequately Effective| * evaluates and assesses cooperative performance and allow for comparison over time and with other cooperatives| 17| 34.7| 19| 38.8| 12| 24.5| 1| 2.0| 0| 0| 4.06| Adequately Effective| as a Management Tool|

* Provides management the necessary information on how its cooperative is performing vis-à-vis other cooperatives.| 14| 28.6| 22| 44.9| 12| 24.5| 1| 2.0| 0| 0| 4.0| Adequately Effective| * Management shall use the standards in making sure that the cooperative is operating effectively and efficiently| 23| 46.9| 17| 34.7| 8| 16.3| 1| 2.0| 0| 0| 4.27| Adequately Effective| * Allows management of the cooperative to determine troubled areas and make the necessary adjustments to its policies and/or the way the cooperative’s operations are handled| 21| 42.9| 17| 34.7| 10| 20.4| 0| 0| 1| 2.0| 4.16| Adequately Effective| Organizational|

* Evaluate the current and past operations and the result of operations of an organization, with the primary objective of determining the best possible estimates and predictions about the future conditions and performance.| 20| 40.8| 18| 36.7| 11| 22.4| 0| 0| 0| 0| 4.18| Adequately Effective| * Steering guide of solvency, liquidity and profitability which are by and large the reflections of the past and present policies, decisions and plan of action of management| 20| 40.8| 16| 32.7| 12| 24.5| 0| 0| 1| 2.0| 4.10| Adequately Effective| Operational|

* Allow management of the cooperative to determine troubled areas and make the necessary adjustments to its policies and/or the way the cooperative’s operations are handled| 21| 42.9| 17| 34.7| 11| 22.4| 0| 0| 0| 0| 4.20| Adequately Effective| * Measures performance by comparing its actual expenses with either budgeted or standard expenses for a given period| 23| 46.9| 15| 30.6| 10| 20.4| 1| 2.0| 0| 0| 4.22| Adequately Effective| Profitability|

* Execution and carrying out of the financial functions required of an organization.| 19| 38.8| 17| 34.7| 12| 24.5| 1| 2.0| 0| 0| 4.10| Adequately Effective| * Determines efficient utilization of resources in order to achieve coop’s objectives| 17| 34.7| 20| 40.8| 11| 22.4| 1| 2.0| 0| 0| 4.08| Adequately Effective| * Evaluates profit margins from operating activities| 18| 36.7| 19| 38.8| 12| 24.5| 0| 0| 0| 0| 4.12| Adequately Effective| GRAND WEIGHTED MEAN| 4.13| Adequately Effective|

The effectiveness of the following functions of COOP-PESOS in assessing the coop's performance is pointed out in Table 10. There are five (5) major functions of COOP-PESOS, under which are fourteen (14) items rated by forty-nine (49) respondents using the five-point scale. The first major function of COOP-PESOS is as a Supervisory and Regulatory tool. Four (4) items fall under this area. Based on the results, Item 1 is considered as "highly effective" by seventeen (17) or thirty-two point seven percent (32.7%) of the...
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