Skip to content

OUR HISTORY

1998 – Alumni Homecoming of Bangaan National High School

Way back in 1998 during the Alumni Homecoming of Bangaan National High School in Bangaan, Sagada, Mt. Province, the idea of forming a BNHS Alumni Cooperative was introduced by Mr. Zaldy B. Baybay. However, the idea was not taken positively by the majority of alumni. Again in year 2002, during the next BNHS Alumni Homecoming, the same idea was brought out since there were already group of alumni who were willing to volunteer themselves to start within the alumni organization.

The Alumni president then was Mr. John T. Bomowey and the cooperative idea mover was Mr. Zaldy B. Baybay. Again, it was not taken seriously by the organization officers, so Mr. Zaldy B. Baybay, with the other alumni members who were willing to start that time, pushed with the initial meet ups and started the ball rolling. The group of alumni members who were meeting up at that time were the following,

1. Mary Doyog Conin-e
2. Geraldine Kawi Toyoken
3. Clementina Baguiwet Doga-ong
4. Joan Ola-o Tomeg
5. Grael Bolido Bomowey

6. Lally Ann Sagayo Baniaga
7. Zaldy Bawayan Baybay
8. Felicito Gomowad Kibatay Jr.
9. Maxin Lomiwes Bonguid
10. Junifer Lebgan Padayao

With the group’s mutual quest in really forming a cooperative, they were later on joined by other alumni members who were willing to volunteer themselves to form a cooperative:

1. Grael Sagayo Alicda
2. Shirley Toyoken Lonogan
3. Ruth Toyoken Balloyan
4. Wriglene Sagayo Andawi

5. Cherr Sagayo Umaming
6. Mike Gabriel Balicaw Botigan
7. Shellan Kibatay Addag

The organization was named Bangaan National High School Alumni Cooperative, with meeting place at the old Parish Hall at Bangaan, Sagada, Mt. Province.

Despite all the criticisms heard from the groups at the corner grounds of Bangaan every after meeting, the group went on with all the positive thoughts in mind that their mission will eventually show. Initial transactions were done, membership fees, savings collection within the group expanded to schools and other alumni individuals who were willing to save then later on started borrowing to whoever is in need among the group. Pilot areas for savings were all Elementary Schools in Northern Sagada.

The organization operated independently from the Alumni Association to separate the books of accounts and receipts.

Officers were decided by the initial group, the prime mover was Mr. Zaldy B. Baybay, record keeper was Ms. Joan O. Tomeg assisted by Ms. Grael S. Alicda; treasurer was Ms. Grael B. Bomowey assisted by Ms. Wriglene S. Andawi.

The setup and transactions went on until the other members of the group joined in 2005 where the idea of registering the organization as cooperative to make it formal was brought out. The first formal general assembly, as a requirement for registration, was done in March 19, 2005 at Bangaan National High School. Official office declared by then was at Baybay’s residence, Bangaan, Sagada, Mt. Province. Logistics initially used for operations were personal properties. Computer set owned by Mr. Zaldy B. Baybay, printer owned by Ms. Shellan K. Addag, all were donated for use during the first years of operations. Acting bookkeeper from 2003 to 2009 was Ms. Shellan K. Addag and Mr. Zaldy B. Baybay was temporarily designated to supervise the overall operations until the cooperative will be able to appoint a full time manager.

After complying all with the set of requirements for registration, Mr. Albert D. Docallas, the Provincial Cooperative Development Supervisor-Mountain Province, finally endorsed the registration as primary cooperative with the name Treasure Link Cooperative Society. Certificate of Registration was issued by CDA-CAR in April 10, 2006 bearing Registration No. CE01322. We recognize April 10, 2006 as the birth mark of Treasure Link Cooperative Society.

The first set of Board of Directors who signed on all documents pertaining to registration were:

1. Shellan K. Addag
2. Zaldy B. Baybay
3. Mike Gabriel B. Botigan
4. Mary D. Conin-e
5. Ruth T. Balloyan
6. Wriglene S. Andawi

– BOD Chairperson
– Vice Chairperson
– Member
– Member
– Member/Board Secretary
– Treasurer

The eighteen (18) incorporators who signed in 2005

Incorporators who signed on the ACBL and other registration documents were only eighteen (18) with total paid-up capital of P 201,000.00.

1. Zaldy B. Baybay
2. Geraldine K. Toyoken
3. Wriglene S. Andawi
4. Felicito G. Kibatay Jr.
5. Grael S. Alicda
6. Doris K. Aragon
7. Clementina B. Dogaong
8. Brenda K. Labiang
9. Maxin L. Bonguid

10. Ruth T. Balloyan
11. Junifer L. Padayao
12. Joan O. Tomeg
13. Lally Ann S. Baniaga
14. Mary D. Conin-e
15. Gina L. Labiang
16. Joyce L. Tawali
17. Mike Gabriel B. Botigan
18. Shellan K. Addag

First print of Financial Statements

First print of financial statement was in year 2006, audited by Ms. Chiqui Zeny Omaweng-Say-awen. Asset then was P747,299.44 and Net Surplus was P111,630.18. Paid-up share capital then was P 414,374.07 and Savings Deposit was P 221,295.19. Ms. Chiqui Zeny O. Say-awen was the ever willing auditor of the cooperative until 2008 succeeded by Fangasan & Yodong Auditing firm in 2009.

First services of the COOP

Share Capital, Savings Deposit, Microfinance and Regular loan services was the first services of the cooperative until it opened other services in 2010, the Money Padala which aided on the exponential growth of the cooperative in terms of regular membership, depositors and borrowers. The Board of Directors then decided to open its membership to individuals in the whole municipality and nearby communities within the Cordillera Administrative Region.

First Office

The first office was at the basement of the Old Masferre Restaurant with Maxin L. Bonguid, Jimmylin T. Doyog and Alice P. Galawe as the first employees in 2007. Due to increase of membership, office was levelled up and transferred at Cerilo Residence, Patay, Sagada, Mt. Province. Baguio Office was at Session Road, Baguio City which was also levelled up from a temporary office within the computer shop owned by the prime mover in Baguio area Ms. Marlyn Gonsoden Palangdao who started the introduction of Treasure Link Cooperative Society at Barangay Gibraltar, Baguio City in 2007.

Re – registration in 2010

We applied for re-registration in 2010 under the new coop code. New Certificate of Registration was issued on January 22, 2010 under Registration No. 9520-15006659, CIN No. 0106150044. The provisions of the new coop code RA9520 limiting the direct participation of the board of directors to the operations of the cooperative gave way to appoint from among themselves a full time manager. In a regular board meeting held at Bangaan Elementary School, December 30, 2010, Ms. Shellan K. Addag was appointed to be the fulltime manager effective January 1, 2011 for she acted as overseer since January 2009. Set of Board of Directors at the time were:

Mike Gabriel B. Botigan
Shellan K. Addag
Zaldy B. Baybay
Ruth T. Balloyan
Jane T. Balicag

BOD Chairperson
BOD Vice Chairperson
BOD member
BOD member/Secretary
BOD member

Main office

In our quest to improve more our services, we took the risk to construct and rent out the top floor of the EGL Centrum at Patay, Sagada, Mt. Province in partnership with the Episcopal Diocese of Mountain Province thru the parish of Saint Mary the Virgin. Until now, the Head Office is located at 3F EGL Centrum, Patay, Sagada, Mountain Province. We keep improving while expanding our services and areas of operations for the next generation and rank and files.

Treasure Link Cooperative Society will continue to serve at its best. We will continue to invest on people who willingly support the Vision, Mission and Goals, people who carry the same social objectives, agenda and people who by heart consider the cooperative as their own, contributing to its stability and sustainability.