WHAT IS PNP LAKAS TULUNGAN MULTI- PURPOSE COOPERATIVE?

 PNP LTMPC is composed of uniformed and non- uniformed personnel of Phiippine National Police (PNP), Bureau of Jail Management and Penology (BJMP), Bureau of Fire Protection (BFP), Philippine Public Safety College (PPSC), and Armed Forces of the Philippines (AFP).

VISION

“ To be One of the Top 20 Leading Multi- Purpose Cooperative in the country by 2030”

MISSION

“ To Deliver Timely, Affordable and Quality Products and Services for our Members to Uplift their Socio Economic Lives”

OUR OBJECTIVES

  • Promote the cooperative as a way of life for improving the social and economic well- being of members
  • Encourage personal savings for members and their families
  • Network with government and non- government entities in the promotion and development of cooperatives
  • Undertake other activites for the effective implementation of the provisions of the Cooperative Code of the Philippines
  • Conduct community development projects in coordination with the Local Government Units

COMPARISON between COOP, BANKS and other related LEADING INSTITUTIONS

COOPERATIVES

BANKS AND OTHER LENDING INSTITUTIONS

l  A non-taxable institution (Annual Income Tax) l  A taxable institution (Annual Income Tax)
l  No withholding tax is imposed on Deposits l  Witholding tax is charged on Savings and Time Deposits
l  Yearly Dividend and Patronage Refund l  No Patronage Refund
l  Itemized transactions l  Complex computations
l  Lower interest rates on loans approved l  Higher rates of interest on loans approved
l  Cooperative is owned by members l  Owned by stockholders
l  Members have the right to vote  

 

COOPERATIVE PRINCIPLES

  • Open and Voluntary Membership
  • Democratic Control
  • Member Economic Participation
  • Autonomous/ Independent
  • Education, Training and Information
  • Cooperation among Cooperatives
  • Concern for Community

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