Pag-IBIG Fund Earns 12th ‘Unmodified Opinion’ from COA

by Info @Brand Zone | July 17, 2024

The Pag-IBIG Fund has received another ‘Unmodified Opinion’ from the Commission on Audit (COA) for the 12th consecutive year, top officials announced today, 16 July 2024.

In a letter dated 21 June 2024, state auditors informed the agency that it has rendered an unmodified opinion on the fairness of the presentation of Pag-IBIG Fund’s financial statements for 2023.

“This recognition from the COA, which Pag-IBIG Fund has earned for the 12th consecutive year, is a result of Pag-IBIG Fund’s commitment towards excellence and integrity in managing our members’ funds. We stay true to our mandate of providing secured savings and shelter financing in line with the directive of President Ferdinand Marcos, Jr. of providing means for Filipinos to achieve a better quality of life,” said Secretary Jose Rizalino L. Acuzar, head of the Department of Human Settlements and Urban Development and Chairman of the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund received COA’s ‘unqualified opinion’ from 2012 to 2017 and ‘unmodified opinions’ from 2018 to 2023. Both unqualified and unmodified opinions indicate that the financial statement of a government agency or corporation is presented, in all material respects, in accordance with applicable financial reporting frameworks.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta highlighted the state auditor’s findings as a reflection of the agency's notable performance in 2023.

“Pag-IBIG Fund achieved several milestones in 2023. Our financial standing remains strong, as we concluded 2023 with a record-high net income before MP2 returns of P49.79 billion. Pag-IBIG Fund also surpassed its housing records by releasing a total of P126.04 billion in housing loan takeouts, the highest home loans released during a single year in its 43-year history. This helped 96,848 members acquire new or better homes. Membership savings collection also reached a record high, with membership savings collections amounting to P89.26 billion. All these enabled Pag-IBIG Fund to declare P48.76 billion in dividends, which was distributed to its members as earnings on their savings for said year—highest in the history of Pag-IBIG Fund,” Acosta said.

“Earning the ‘unmodified opinion’ for the 12th consecutive year further signifies how we were able to achieve our best performance while maintaining the highest standards of financial integrity. Our members and stakeholders can rest assured that we will remain their reliable partner and that we will continue to serve them with Tapat na Serbisyo, Mula sa Puso,” Acosta added.

Lab for All program at PRIDE month celebration, sinuportahan ng Pag-IBIG Fund

ni Fely Ng @Bulgarific | July 3, 2024

Hello, Bulgarians! Kamakailan ay nakiisa si Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta sa iba pang ahensya ng gobyerno sa pagsuporta sa programa ni First Lady Louise Araneta-Marcos’ Lab for All sa Mandaluyong College ng Mandaluyong City, sa pagsisikap na maihatid ang mga serbisyong panlipunan at medikal na mas madaling maabot ng mga komunidad sa buong bansa.

Dinala ng Pag-IBIG ang Lingkod Pag-IBIG on Wheels o LPOW para tulungan ang mga miyembro sa kanilang membership registration, cash loan, housing loan applications, issuance ng Pag-IBIG Loyalty Plus cards, at tugunan ang mga tanong sa membership.

“As Lingkod Pag-IBIG, we are committed to ensuring that our members are able to utilize our programs and services, whenever it is needed, wherever they may be. Our LPOW is prepared to be mobilized nationwide and participate in future Lab for All deployments,” pahayag ni Acosta.  Nagpakita rin ng suporta ang Pag-IBIG CEO sa mga miyembro ng LGBTQA+ na kasama sa pagdiriwang ng PRIDE month.

“Our Lingkod Pag-IBIG mantra -- Tapat na Serbisyo, Mula sa Puso, does not discriminate against anyone. Kami ang Pag-IBIG na walang pinipiling paglingkuran. Ang aming mga serbisyo at programa ay para sa bawat isang manggagawang Pilipino, ano man ang kasarian at antas ng pamumuhay. Nais naming makapagbigay ng isang Pag-IBIG na ramdam ng lahat,” dagdag pa ni Acosta.

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Pag-IBIG Fund joins LAB for All program and Pride Month celebration in Mandaluyong City

by Info @Brand Zone | June 27, 2024

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta joins other government agencies in supporting First Lady Louise Araneta-Marcos’ Lab for All program at Mandaluyong College in Mandaluyong City, in an effort to bring social and medical services more accessible to communities nationwide

Pag-IBIG brought its Lingkod Pag-IBIG on Wheels or LPOW to assist members with their membership registration, cash loans, housing loan applications, issuance of Pag-IBIG Loyalty Plus cards, and address membership queries.

"As Lingkod Pag-IBIG, we are committed to ensuring that our members are able to utilize our programs and services, whenever it is needed, wherever they may be. Our LPOW is prepared to be mobilized nationwide and participate in future Lab for All deployments," Acosta stated.

The Pag-IBIG CEO also showed her support to the members of the LGBTQA+ who joined the event in celebration of the PRIDE month.

"Our Lingkod Pag-IBIG mantra --Tapat na Serbisyo, Mula sa Puso, does not discriminate against anyone. Kami ang Pag-IBIG na walang pinipiling paglingkuran. Ang aming mga serbisyo at programa ay para sa bawat isang manggagawang Pilipino, ano man ang kasarian at antas ng pamumuhay. Nais namin makapagbigay ng Isang Pag-IBIG na Ramdam ng Lahat," Acosta added.