Why does it matter if your cooperative submits data to the Credit Information Corporation?

CIC has the ability to enhance the cooperatives' ability to grant individuals bigger loans at lower interest rates, enabling them to generate a surplus that will help them improve the kind of services they provide to their cooperative members.

To lend more, to lend to more and lend more safely is the mantra that CIC has with the use of its credit data.

Cooperatives that participate in CIC's data-gathering project will allow them to manage their portfolio better, reduce their amount of non-performing loans, reward good cooperative members with better interest rates, protect their members from acquiring overwhelming debt, and even gain access to the Anti-Fraud protection services that are being offered by CIC's accredited Special Accessing Entities (SAEs).

As Mr. Diosdado Luna, Development Communications Officer of the NATCCO, said, "By minimizing or even eliminating delinquency, exposing the habitual 'balasubas' borrowers, and empowering co-ops to make informed decisions whether to release loans or not, the CIC is already helping cooperatives grow and maximize their potential."

Is your cooperative compliant to CIC?

Ask your cooperative management team if they are already compliant to the CIC so you can experience the benefits of your good payment behavior.

For more information, questions and/or concerns, you may contact CIC through the following numbers: (632) 893-1971, (632) 893-8816, and (632) 893-7159.