The Financial Sustainability Practices of Non-Stock Savings and Loan Associations in Selected Areas in the National Capital Region


  • Jesusa C. Gumabun


Financial Sustainability Practices, Non-Stock Savings, Loan Associations


Given the problematic scenario on achieving financial sustainability, this study aimed to assess the level of effectiveness of financial sustainability practices of Non-Stock Savings and Loan Associations in the National Capital Region. The problem statement relied on understanding how does this may create financial sustainability among NSSLAs based on profiling and assessing the effectiveness of a firm’s financial sustainability practices. In order to achieve these objectives, the researcher gathered relevant data through a survey questionnaire and distributed it to 34 NSSLAs registered in Banko Sentral ng Pilipinas. The results gathered were tabulated and analyzed through SPSS. Findings showed that the majority of NSSLAs was more than 15 years, has more than 120 employees, has more than P1, 500,000 capitalizations, has more than 3,500 members and offers above 12 products and services. It also showed that employees were 1-3 years in the firm, rank, and file, attended not more than five training and with a bachelor’s degree. The extent of agreement on the level of effectiveness of the financial sustainability practices in terms of “operational strategies”, “financial planning” and “financial controls” were all “agree”. Results, when grouped according to “job level” and “highest educational attainment”, were “no significant difference” in “operational strategies”, “financial planning” and “financial controls”. However, when grouped according to “number of years in the firm” and “training attended”, there was “no significant difference” in “operational strategies and “financial controls” but there was a “significant difference” in terms of “financial planning”. To conclude, the practices mentioned in this study are suggested for the financial sustainability of the NSSLAs.