Achievement of Lingayen Catholic
Credit Cooperative: From 1964-2013
For all the years of its existence
from the year 1964, the Lingayen
Catholic Credit Cooperative or LCCrC in
short, has grown to be a formidable
institution that plays a vital role in the
economic programs of our government
particularly in the thrust of uplifting the
quality of life of our members through its
development programs, projects and
Although there was a lot of
complexity and adversity brought by
some of the previous years, despite the
gloom, LCCrC is still existing serving the
members as usual. The cooperative was
very lucky to have been blessed by a
team of organizers with great minds and
talents coupled by the sacrifice and
dedication of the succeeding officers,
staff and members from whom onward
our cooperative continuously increased
in assets and membership. Our
accomplishments are measured in
terms of the following:
1. Offers different kinds of loans to regular members at a low rate of interest and
higher rate of interest on deposits.
2. Offers Patronage Refund to member-borrowers.
3. Encourage Forced Savings to member-borrowers.
4. Has never availed of loan assistance for its capital from the government or
any private lending institution, in short it has remained a SELF-Help
5. Gives financial assistance to beneficiaries of deceased members through the
Damayan Aid System (DAS).
6. Co-partner with Local Government in its commitment to uplift the socioeconomic welfare of the people in the community by way of relief goods to
7. Construction of 45 two-room public elementary school buildings in
Pangasinan through the Presidential Management Staff Fund during the
administration of President Corazon Aquino in San Fabian, Sual, Bugallon,
Labrador, Anda, Dasol, Mabini, Villasis, Tayug, Mangatarem, Mapandan and
8. Erection of 3 shallow wells, 8 deep wells and 1 spring rehabilitation in remote
and depressed barangays in Pangasinan through the Presidential
Management Staff Fund under President Fidel V. Ramos.
9. Scholarship for Indigent Elementary Pupils (SIEP) program with scholars
coming from all the public elementary schools of Lingayen whose parents are
member or non-members of our coop given at the start of the school year
consisting of 2 sets of school uniforms, school bag, pad papers, ball pens,
10. Share a Christmas Meal Program – offered to selected indigent families who
are members or non-members of the cooperative every Dec. 24 of the year
for their “noche buena.”
11. Two subdivisions, one at Ramos St. West of 28 lots and the other at
Libsong East of 57 home lots, both in Lingayen. Lots were sold by
installment to members who do not have lots of their own where to build
12. Continuing Cooperative Education – LCCrC maintains the conduct of Premembership Seminar to would-be members every Saturday and hold
quarterly meeting of officers and staff for further professional growth.
13. LCCrC has provided financial support for the renovation of the Lingayen
Student Chapel and the Parish Training Center.
14. 20-20 Vision Program – conducting free vision testing and providing free
eyeglasses to pupils found out to be suffering from eye defects.
15. Year-in and year-out, cooperative come to visit LCCrC in their Lakbay Aral
to learn first hand information on how our coop is managed and operating.
16. Occasionally, officers and manager are invited as resource/guest speakers
at local cooperative seminars or general assemblies and at other times, they
are invited to help organize new coops specifically Bayambang, Bugallon,
17. Medical assistance given once a year to regular members if they are
18. Gives financial support sometimes to the Cooperative Month Celebration at
the provincial / regional level.
19. Donation of laboratory tables / chairs to Pangasinan National High School.
20. Donation of tables/chairs to some teachers of PNHS.
21. Donation of 10 mechanical beds to the Community Hospital in Lingayen.
22. Donation of 10 mountain bikes to the Philippine National Police of Lingayen
for their Foot Patrol Program.
23. Christmas Give-away- Bags/umbrellas given to members during Christmas.
24. No salary of LCCrC officers and staff for the first 18 years of operations.
25. In compliance with the Big Brother Program of cooperatives, LCCrC makes
investment at some banks and cooperatives.
26. Loans are insured for the benefit of the members at Climbs and CISP.
27. Construction of a three-storey building for its training center at Ramos St.
28. Donation of rice/groceries to flood/typhoon victims of affected barangays of
Lingayen and other places.
29. Helps in the marketing of members’ produce especially vegetables.
30. Donation for the immediate needs of the prisoners at the Provincial Jail like
slippers, health needs, towels, etc.
31. Inviting medical personnel for the conduct of medical mission with free
medicines in the community.
32. Attendance to cooperative seminars abroad by Board Directors.
33. Attendance to almost all the required seminars for 2013 by the Directors,
Manager and some committee officers and staff.
34. Has sent some members of the staff here and abroad for cooperative
35. Yearly Rest and Recreation for officers and staff.
36. Yearly retreat or “Visita Iglesia” for officers and staff for spiritual growth.
37. The computerization is now in full swing at the coop.
38. From an initial capital of P 619.00 LCCrC has now a total asset of P 265 M.
39. The 29 original members of the coop is now 12,296 regular members and
10,154 special members.
40. In the first years of operation of LCCrC any place in the church compound
served as a place in transacting business, it has now a two-storey building
inside the church compound for its office.
41. Several awards have been received by LCCrC.
The achievements of our cooperative for 50
years are quite impressive, so we take much
pride in seeing the gradual improvement of the
quality of life of our members and their families.
We share the joys of those members who have
been able to successfully send their children to
school through-college, own and manage their
own business, engage in livelihood endeavors,
own lots and build decent homes for their
families, operate their own tricycles/pedicabs
and in one way or another attain a better way of
The excellent performance of our cooperative
for 50 years could have not been possible first
of all, without the blessing of Almighty God,
supported by effective policies and programs of
the Board of Directors and committee officers,
the unselfish dedication of the management
staff and the sustained support of our members.
To all we give our sincere appreciation and