The credit cooperative sector in the Philippines transformed into reaction centres. Association of Asian Confederation of Credit Unions (ACCU) said credit unions in the Philippines were also able to redirect member education funds to assist frontline health workers and communities in response to the crisis. Cooperatives have participated in distributing food and fresh produce to people’s doorsteps. NATCCO cooperatives shared PHP 91 million to support members, community, staff and officers. CLIMBS Life and General Insurance Cooperative (CLIMBS) initiated many initiatives, to include mobilising teams to check on members in areas badly hit by COVID-19 and increased access to online platforms for members to communicate their concerns. A CLIMBS COVID-19 Task Force was created on March 11, 2020 to develop a Crisis Management and Communications Plan. Read more here about other CLIMBS efforts to help the community, and also efforts by AIM Coop, the PCC, and 1Cooperative Insurance.
Association of Asian Confederation of Credit Unions
22 May 2020