JFC COOP HITS P1 BILLION ASSET
Dear Fellow Cooperators,
I am honored to share with you that last June 30, 2017, your cooperative- Jollibee
Foods Corporation Employees’ Multi-Purpose Cooperative (JFC Coop) has finally
reached P1 Billion in Assets. This milestone in our cooperative proves that we are
on the right track and your investment is in good hands.
In addition to the increase of our Assets, we were able to exceed our Mid-Year
GROSS REVENUES by 5% versus target (Php 45.1M versus target of Php
42.9M). Moreover, our NET SURPLUS exceeded target by 9.7% versus target
(Php 23.7M versus target of Php 21.6M). Our investment on financial assets and
real estate projects are steadily contributing to the cooperative’s business
performance. These results were due to your continued patronage on all our Loan
products facilities including availment of our real estate housing projects.
To date, our Total Members are 8,675, a 7% increase coming from 8,087 members
last Dec. 31, 2016. Your support on continuous capital build-up and deposits helped
us improve our assets. MIGS ‘A” members increased to 31%. Our member’s
Satisfaction rating is high at 92% which shows that most of you are happy on what
JFC Coop provides you as well as the service level.
On behalf of the Board of Directors and Management Team, our sincerest
appreciation and gratitude to all of you. We will continue to strive hard to reach the
Php 2 Billion assets in the next five (5) years.
Thank you very much.