Credit Cooperative Quiz

Members of the Cooperative have two (2) types: Regular and _______.

• Non-regular

• Irregular

• Associate

• Contractual

The highest policy making-body of a cooperative.

• General Assembly

• Board of Directors

• Monetary Board

• Members of Cooperative

CDA stands for?

• Corporation Development Authority

• Cooperative Development Authority

• Cooperative Development Association

• Corporation Development Association

Membership in the cooperative may be terminated by a vote of the majority of the board of directors members.

• True

• False

The following are all the documents needed to register in CDA, EXCEPT for the?

• Economic Survey

• Certificate of PMES

• Birth Certificate

• Articles of Cooperative and Bylaws

A Credit Cooperative is a not-for-profit financial institution.

• True

• False

Requirements needed in applying for membership in a cooperative are the same for all cooperatives?

• True

• False

What should the applicants use for registration as a cooperative?

• E-CoopRIS

• E-CoopREG

• E-CoopRIG

• E-CoopER

A cooperative must have at least ten (10) members.

• True

• False

 All listed may be a source of funds of the credit cooperative, EXCEPT?

• Member’s share capital contribution

• Revolving capital build-up

• Loans and borrowing as well as deposits

• Unauthorized other sources of funds