In winding up a cooperative, to whom shall assets distributable to unknown or unlocated creditors or members be given?

• A. To the federation or union to which the cooperative is affiliated with
• B. To the city or municipality where the asset is located
• C. Escheated to the Republic of the Philippines
• D. To the members of the cooperative

Answer: (A)

When winding up a cooperative, any assets that cannot be distributed to unknown or unlocated creditors or members are returned to the federation or union to which the cooperative is affiliated. This keeps these residual funds within the cooperative movement, allowing the umbrella organization to manage or channel them back into cooperative development rather than losing the assets outside the movement. The affiliated federation is the appropriate repository because it already oversees and supports multiple cooperatives, ensuring the assets support future cooperative activities rather than remaining unallocated.