PROBLEM AND ITS CONTEXTContext of the studyDo there really be ethical practices in finance? Do most (if not all) business organizations practice the same level of ethical finance? These are just a few relevant questions that need to be proven, as the public has been heavily involved in financial misconduct. More specifically, in terms of financial scandals, it concerns the weakness of financial governance and the enormous sums paid to executives and other traders directly involved in financial institutions. But the answer remains to come on this major subject in the great world of finance. And this has made areas such as deregulation, disintermediation, financial innovation and diversification even more complex. As Demsey (2000) puts it, "the article considers that conceptual frameworks exist not to present truth as an absolute, but rather to provide order and guidance." From this perspective, the article considers that ethical frameworks help us in our attempt to balance the instinct that we must look after our own individual well-being with the awareness of the obligation that we have to care for a wider community. In this light, the development of ethical frameworks can be interpreted in terms of processes of natural selection with regard to the mutual interdependence of the individual and the community. The net result therefore is that institutionalized activity can be coordinated to operate under the umbrella of the community. The banner of ethical codes of practice, while broader ethical issues for the institution as a whole remain obscured. We illustrate these arguments with reference to the financial ethics of Professor Muhammad Yunus's Grameen Bank. Despite this, the example fits in middle of paper......explained and administered.4. Once the questionnaires were collected, they were matched and compiled into a spreadsheet which was used to answer the research problems.5. After the data assessments, data interpretation and analysis was carried out to determine the profile of the respondents and the level of ethical financial practices of the selected cooperatives in Davao City.6. After interpreting the data, determining the profile of the respondents and the level of ethical financial practices of the respondents grouped according to age, gender and number of years of work, the next step was to determine if there is a significant difference between the two variables. 7. After determining a significant relationship between the two variables, the next step is for the researchers to formulate a conclusion and recommendation based on the results of the study..