CBMPC Joins the Philippine Federation of Credit Cooperatives– NCR

On September 4, 2023, the Board of Directors approved the membership of CBMPC to the Philippine Federation of Credit Cooperatives – National Capital Region (PFCCO–NCR) with payment of initial share capital of P10,000.00 and membership fee of P500.00.

PFCCO–NCR offers various benefits to its cooperative members, such as providing loans at special rates and free enrolment to their trainings mandated by the Cooperative Development Authority. These trainings which are open to officers and members of CBMPC include, among others, the following: Fundamentals of Cooperatives; Governance and Management of Cooperatives; and Financial, Credit and Risk Management.

Indeed, federations are means through which cooperatives can fulfill the Cooperative Principle, “cooperation among cooperatives.”