The University of the Philippines Los Baños (UPLB) called the attention of the Cooperative on its continuous use of UPLB in its name even when the membership of the Cooperative is no longer confined to UPLB employees. The matter was discussed in relation to the renewal of the Memorandum of Agreement (MOA) between UPLB and the UPLBCDC for salary deduction of the obligations of UPLB employees to the Cooperative.
The MOA was renewed with the condition that the Cooperative delete UPLB in its name. The Cooperative was given until the end of May 2020 to comply with the requirement, otherwise, the MOA will be automatically rescinded.
With this, the Officers and the Management is proposing for the change of the name from UPLB Credit and Development Cooperative to ___________________________ .
AMENDMENT OF THE NAME OF THE COOPERATIVE
The Legal Office of the University of the Philippines Los Baños called the attention of the Cooperative regarding the use of “UP” in its name. They requested for the immediate deletion of “UPLB” from the name or UPLBCDC has to make a request to the Board of Regents on its continuous use. For the continuous use of UP name, UP would require that an official of the University sit in the Board of Directors of the Cooperative in an ex-officio capacity (As per 1103rd UP Board of Regents (BOR) and 1122nd BOR Meetings).
To maintain the autonomy of the cooperative, the Officers and the Management are proposing for the change of the name. We need your suggestions and inputs...join us in drafting the new name of our Cooperative!
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