CDa Dagupan Extension Office Region I Philippines

1. LINGAYEN CATHOLIC CREDIT COOPERATIVE
Epiphany of Our Lord Parish Compound
Lingayen, Pangasinan
LINGAYEN CATHOLIC CREDIT COOPERATIVE
ITS HISTORY/GROWTH
The Lingayen Catholic Organizations
Cooperative Credit Union, Inc. later renamed as the
Lingayen Catholic Credit Cooperative (LCCrC) was
organized on July 12, 1964 by 29 members of
religious organizations led by the late Grand
Knight, Atty. Luis Sison with Miss Salud Puzon as
the treasurer under the spiritual guidance of the late
Rev. Dermot Feenny. On September 28 of the same
year, it was registered with an initial capital of P
619. The cooperative was formally registered
under R.A 2023 on May 15, 1986 and re-registered
as a full-fledged cooperative under P.D. 175, LOI
No. 23 on July 12, 1986. Its registration was
confirmed by CDA with Confirmation No. 798.
LCCrC was originally organized to help
primarily the members of the Catholic religious
organizations of the Three Kings Co-Cathedral
Parish now, the Epiphany of Our Lord Parish of
Lingayen, Pangasinan, but because of its
commitment to development, it has expanded its
membership to include other religious sects from all
walks of life not only in the municipality of
Lingayen but also other towns of Pangasinan. Upon
experiencing however, the difficulty of contacting
delinquent borrowers from far-flung towns, our
Coop limited its service to the surrounding towns of Lingayen namely, Binmaley,
Bugallon, Aguilar, Sual and Labrador.
During the early days of our cooperative, when funds were not enough for
borrowers, the treasurer used to go around the members of the Board of Directors and
appealed for additional deposits, thus encouraging the savings attitude of the BOD’s and
yet increasing capital-build up. One remarkable thing to mentions about our coop is the
fact that for 18 years of operation, our officers and staff did not receive any remuneration
at all, but everything charged to commitment.

2. The success and growth of our cooperative is due to the joint efforts of its
officers, staff and members and never due to financial support or assistance from other
lending institutions. This is one unique feature of our coop that it has not availed of any
loan assistance from the government or private sector since its start in 1964 and even
during its low moments. Rather, it has been depending on its own funds and resources for
operation. It was in 1986 when LCCrC registered its first million mark in assets in the
amount of P1,828,776.00. Now, in line with the cooperative policy of helping sister
cooperatives financially, our coop has been making investments with some cooperatives.
Since its operation LCCrC engages in numerous programs, projects and
undertakings some of which are as follows:
1. Offers many benefits to members such as:
a. Different kinds of loans – regular, petty cash, appliance, tricycle, pedicab,
calamity, housing etc.
b. Low loan interest
c. Gives medical aid of P2,000.00 as maximum amount once a year to
hospitalize members.
d. Through the Damayan Aid System, mortuary aid of more or less
P70,000.00 is given to beneficiaries of deceased members regardless of
the amount of fixed deposit and length of membership members have.
2. Has constructed 45 public elementary school buildings in Pangasinan through
the Presidential Management Staff during the administration of President
Corazon Aquino.
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3. 3. Has put up 3 shallow wells, 8 deep wells and 1 spring rehabilitation in remote
and depressed barangays of Pangasinan through the Presidential Management
Staff under President Fidel V. Ramos.
4. Co-partner with our Local Government in its commitment to the upliftment of
the socio-economic welfare of the people in the community.
5. “ Scholarship for Indigent Elementary Pupils” SIEP, program with 400
scholars coming from the different public elementary schools of Lingayen
whose parents are members or non-members of our coop. Each scholar is
given 2 sets of school uniform, school bags, notebooks, pad paper, ball pens,
umbrella, etc. all amounting to P500.00.
6. “Share a Christmas Meal Program” – offered to family heads who are
members or non-members of our cooperative every Dec. 24 of the year,
consisting of a kilo of pork, with all its ingredients for “pochero”.
7. Two subdivisions, 1 at Ramos St., Lingayen and the other at Libsong East in
Lingayen too, all lots sold on installment basis to members who have no lot of
their own to build their houses.
8. Cooperative Education
Always striving to actualize the coop principle of continuous coop
education, LCCrC maintains its conduct of Pre-membership Seminar every
Saturday morning to interested persons who wish to be members. Throughout
the year too, our coop continuous to upgrade and provide better quality
service of officers and staff by sending them to cooperative seminars,
workshops and conferences.
9. Has given financial support to the renovation of the Student Chapel and of the
Parish Training Center.
Year in and year out, other cooperatives come to visit our coop to see how we
manage and operate our cooperative. Sometimes our officers are invited as resource
speakers at local cooperative seminars and at other times, they are invited to help
organize new cooperatives.
Different awards – local as well as national are being received by our cooperative
yearly. As a matter of fact, LCCrC garnered the place as First Runner-Up in the 1998
National Search for the Most Outstanding Credit Cooperative sponsored by the CDA,
and, as the Most Outstanding Credit Cooperative-Community Type in the 2000 National
Search.
The closing of the year 1999 gave us, Filipinos a little panic over the so-called
“Y2K” or the “Millennium Bug.” Depositors who were not well informed on the effect of
the Bug withdrew their money in the banks on their fear that their money might get lost.
The Lingayen Catholic Credit Cooperative was not spared. However, after learning that
Y2K bug does not affect the banking industry the few depositors who withdrew their
money in our cooperative, started to return their money.
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4. With all the achievements our coop has, we do not deny the fact that we are also
encountering problems and difficulties. For solution to such problems/difficulties, we try
possible means to solve each problem and if in case they don’t work we try another.
The status of LCCrC, as one of the multi-millionaire cooperative or one of the
few Century Cooperatives in the country and one of the awarded cooperatives in our
country too, could have not been possible, without the blessings of our Almighty God,
coupled with effective policies and programs of the Board of Directors, the unselfish
dedication of the Committee Officers, the untiring efforts of the staff in the proper
implementation of all coop policies and programs as well as the undying support of all
the members.
Many things had been accomplished by our cooperative for the previous years and
many more are expected for the coming years with the cooperation of all concerned.
Prepared by:
LCCrC Officers and Staff
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