The HOME DEVELOPMENT MUTUAL FUND, more commonly known as PAG-IBIG FUND, was created on June 11, 1978 by Presidential Decree to provide savings programs and affordable housing loans to Filipino workers. PAG-IBIG stands for "Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya, Gobyerno" which translates to "Cooperation for the Future: You, Bank, Industry, Government." Its vision is to be a premier and globally-competitive provident financial institution and its mission is to uplift the quality of life of members through savings programs.