Operations management and financial performance of cooperatives in the province of quirino

This study is focused on credit cooperatives and how they address most aspects of economic and social activities in the province of Quirino. Specifically, it sought to evaluate the profile of the sixteen (16) credit cooperatives, operational management of cooperatives, factors affecting the operational performance of cooperatives and the problems encountered by the cooperatives in their operations. The descriptive -correlational research design was utilized with the use of questionnaire which was answered by Sixteen (16) managers, thirty-two (32) Board of Directors and eighty (80) members. Additionally, an interview was conducted to explore the problems encountered by the respondents, through an interview to verify and confirm the answers of the respondents in the questionnaire. To find out any significant relationship on the factors affecting the operations management of cooperatives as perceived by the respondents, ANOVA was used. Findings include the following: 1.) Cooperatives are self-sustaining as evident in their good financial performance indicated by their assets, profitable ratio, cost of business per volume, liquidity, deposits to liabilities and institutional strength; 2.) There is no significant relationship on the operations management and factors affecting the operation of cooperatives as perceived by the respondents; and 3.) Problems encountered by the respondents are related to marketing strategies, lapses in management, limited loan services and dividends, share capital management and operating expenses. The result of the study serves as basis for a development plan for cooperatives to adopt and enhance their present condition. It may also be used by future researchers to confirm or contravene the present findings.