It started due to the clamor of the Parish Pastoral officers during the time of Bishop Emeritus Protacio G. Gungon, to help the church vendors get rid of the usurious 5-6 and Bombay financiers. Seeing how they were burdened by the usurers, the PPC officers sought the help of the Bishop to organize themselves into a cooperative. Thru the guidance and support of Sis. Mary Loretta S. Aquino, SPC., Sis. Monica Mandap, SHC and Sis. Rose Colima (now Emma Colima Gatoteo), they were assigned by the Bishop to gather interested vendors who wanted to avoid usurers and have them attend Fridays and Saturdays Pre-Membership Seminar for a span of one month with an invited guest speaker from San Dionisio Credit Cooperative, Ms. Marlyn Estrella.

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To start the cooperative, an attendee of said PMES acted as volunteer to receive deposits from the first 17 members who contributed their shares as the first share capital, and with Php10,000.00 seed money from the Bishop. The business began with Php800.00 as the very first loan granted/released to a member that time. During its first year of operation, it was purely credit type of cooperative which accepts savings and grants loans only as services given to members. Bishop Protacio Gungon serves as the cooperative’s adviser together with Sis. Mary Loretta S. Aquino, Sis. Monica Mandap acted as treasurer where collections of the volunteer member who acted as the cashier, are remitted for the day and she in turn deposited it to our depository bank. Sis. Emma Colima serves as member-guide if there were some inquiries also. Later, Mrs. Hermenegilda Dallarte who saw the OLPMPC signage after attending the mass, approached and talked with Sis. Loretta and offered her help for our Cooperative. She even brought us to their cooperative office (Paltok Credit Cooperative) in Quezon City, to observe how and what to do to improve our knowledge on cooperative and fulfill our functions as different committee members while observing also in the said office.

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At present, other services offered by the OLPMPC nowadays aside from savings and regular loans include special loans, appliance loans, memorial services and memorial lot loans, commodity loans and gift cheque loans. Members are entitled to Damayan Fund, rebates, patronage refund, dividend, interest on savings deposit and Loan Redemption Fund.

 

 We share our blessings by involving in the Social Service Ministry of the Immaculate Conception Parish, giving our shares for the community services especially for the medical missions, outreach programs, etc.

 

OLPMPC is affiliated with PFCCO, SLRL, CUR, and ACCFED. On April 25, 1998, the PFCCO awarded OLPMPC as Most Outstanding Financial Performance, for keeping up with credit cooperative’s 

standards for the safety and soundness of our financial operations like financial stability and self-reliance and at the same time, in support of the PFCCO objectives on self-reliance and poverty alleviations.

 

Oct. 24, 2007, the Antipolo City Cooperative and Livelihood office, awarded OLPCC as the 4th Outstanding Primary Cooperative for its remarkable achievement in line with cooperative business and objectives.

 

With full guidance of the Lord Almighty and Virgin Mary and the untiring support and good management and dedication of the officers, the manager, together with the help and cooperation of the members of the OLPCC, we have availed a 225sqm. lot in the amount of Php2.4M and we were able to construct a 3 storey building through its own finances in the amount of roughly Php7M, modesty aside, OLPCC has not avail of any bank loans for the construction of OLPCC Building, where its 20th Gen. Assembly was held last March 30, 2008. As of today, there are already tenants who rented 5 of the 9 available rooms/stalls in the OLPCC Building. And the Php800.00 initial loan granted during our first years in the business is now Php600,000.00. Once again, we are still hopeful, that we will still continue our service as stated in our Mission and Vision Statement.