Brief History . . .
Panabo Multi-Purpose Cooperative (PMPC) was organized in 1963 by 15 initiators (Parish Leaders) and originally founded by Fr. Eugene Simon. The cooperative has an initial capital of Php 500.00 each and operating as a duly registered/confirmed cooperative with the Cooperative Development Authority (CDA) under the provisions of RA 6938, re-registered under RA 9520. Today through prudent management & adherence to financial disciplines, PMPC has magnified its growth.
Panabo Multi-Purpose Cooperative (PMPC) operates and advocates the values of self-help, self responsibility, democracy, equality, equity and solidarity. In the tradition of its founders, cooperative Members, Officials and Staff believe in the ethical values of honesty, openness, social responsibility and caring for others and the community, following the hereunder time-tested universal cooperative principles:
PMPC is a financial service, member-owned Cooperative dedicated to provide the financial needs of its members since 1965.
PMPC is a “Finance Organizations achieving Certified Credit Union Standard (FOCCUS)” branded-cooperative. It has achieved International Prudential Standards on Financial Ratios designed to protect members’ assets which will ensure operational sustainability and quality member service.
PMPC is implementing the MCUB methodology. MCUB (Model Credit Union Building) is a technology designed to transform a COOPERATIVE into a Model Credit Union (MCU) which adheres to Financial Disciplines where “Members’ money is safe and protected.”
PMPC is a leading affiliate of the largest and strongest confederation of cooperatives in the Philippines which is the National Confederation of Cooperatives or NATCCO, with National Headquarters located at 227, J.P. Rizal Street, Project 4, Quezon City, Metro Manila; the Mindanao Alliance of Self-Help Societies-Southern Philippines Educational Cooperative Center (MASS-SPECC) based in Cagayan de Oro City; and, the Model Cooperative Network (MCN), situated at Rm. 324 GB Cam Bldg., Monteverde St., Davao City, the official network of the FOCCUS branded cooperatives in Mindanao.
PMPC is a bonafide member and staunch supporter of COOP-NATCCO PARTY-LIST, the only Party-List in Philippine Congress that represents the true voice of the Philippine Cooperative Sector and the underprivileged workers and small business entrepreneurs.