PROFILE OF THE BARANGKA CREDIT COOPERATIVE
Twenty-five (25) employees in a section of the U/Tex Weaving Department were usually cash-strapped. Thus, they decided to establish an informal organization called C & K Savings Association, which lasted for more than 13 years (1972 to 1985).
BCC FoundersThe association was turned into a cooperative by December 16, 1985. Thirty seven (37) cooperators pooled their resources which totaled Php 5,300.00. They named the organization C & K Barangka Community Credit Cooperative, Inc. However, several pains came with the coop’s birth. Its problems included finding a place where it can hold office, lack of supporters, U/Tex’s refusal to recognize the coop and being unacquainted with the people in barangay, among others. Its first office was in Boni Avenue, Barangka, Marikina, where the coop only stayed for a month due to lack of funds to pay for rent.
Undaunted by the difficulties, the coop transferred to Chorillo Street in Barangka, Marikina. With this move came the amendment of the coop’s name to U/Tex Employees Credit Cooperative, Inc. or UECCI.
The trials, however, did not cease. The coop had to iron out troubles, from alleged anomalies to controversies, from mismanagement to misunderstandings. Thankfully, the members’ tenacity in demanding for a better organization triumphed and new directors were elected to the seats.
Still, UECCI was to face the most excruciating blow. On March 1994, U/Tex, where most of the coop members were employed, folded up. Most of the members who incurred loans from the cooperative could not pay because they had no jobs and enough money to pay for their obligations.
The total closure of U/Tex was a big problem for the founders and members. They were forced to apply “do or die” tactics and ensure the coop’s viability through distribution of leaflets, calling on members to settle their debts by encashing their separation checks through the coop. Incentives were also provided to those who would settle their loan obligations. Landbank, through its rediscounting program, provided BCC about P 3 Million which they used to rediscount the U/Tex employees’ post-dated checks.
The coop surpassed the ordeal. Patience, strong determination, resourcefulness and prayer helped the coop surmount the problems. Moreover, the members utilized their collective ability to make their organization more community-oriented. On September 15, 1995, the coop adopted the name Barangka Credit Cooperative (BCC).
BCC operations remained small-scale and the members had to make do with limited resources. Despite these, BCC immersed in the community and provided the needed assistance for various sorts of small and microenterprises. From then on, BCC became a byword in the area.
Barangka Credit Cooperative provides several credit facilities to its members which became the coop’s main business, together with its bag making, bakeshop, water station, bayad center, money transfer ventures. The various kinds of loans it extends include commercial, discounting, microfinance, starting capital for business, salary, petty cash, pensioner and mortgage, among others.
Apart from BCC own funds, the cooperative avail of the financial assistance and grants from different organizations such as the People’s Credit & Finance Corporation, LANDBANK, Philippine Federation of Credit Cooperatives and Asian Confederation of Credit Union, etc.
Beneficiaries were also given opportunities to venture on small businesses such as sari-sari stores, specialty shops, shoe making, balut, salted eggs making, fruit vending, catering and dress making.
Provident services and support programs including time deposits, kiddie savers and savings deposits, emergency, appliance, rice and grocery loans, health maintenance, and housing lot, educational, calamity, and service vehicle assistance are also provided by BCC.
Despite BCC’s achievements, its officers believe the organization has to perform well than what is expected of it. Thus, the cooperative’s involvement goes beyond providing assistance to its members. BCC participates in various community projects such as the Clean & Green Program, anti-drug campaigns, free medical and dental services, fitness and health projects and Damayan Program. Nearby public schools are recipients of the BCC’s donations, ranging from school supplies and sports equipment to drinking fountains and musical instruments.
As a result, BCC’s contributions in enhancing the lives of its members and the community did not go unnoticed. On August 8, 2002, the Barangka Credit Cooperative was named Pinakatanging Kooperatiba in Landbank’s Gawad Pitak, Non-Agri-Based Category. BCC finally clinched the top prize, following its placing second and fourth in 1999 and 2001, respectively. And then, BCC was again awarded as Landbank’s Ginintuang Gawad Pitak Awardee with P 1 Million worth of cash in 2005. Recently, BCC received once again a recognition from NCR League – Philippine Federation of Credit Cooperatives as the 2008 Most Outstanding Cooperative in the Philippines.
With all these, the coop was able to make big strides in the community. Now, the coop served all 16 barangays in Marikina and nearby cities such as Antipolo, Montalban, San Mateo, and District III & IV of Quezon City, among others serving total membership of 20,081.
To accomplish coop’s plans aimed at further improving service to its members, BCC intends to stay guided by coop’s principles and fundamentals. The coop will keep its operations simple and democratic. More importantly, BCC will continue to encourage members to handle their money properly in the “cooperative way”, and that is to save first before spending.
MARIKINA CITY PROFILE
|Land area||2,150 hectares|
|Number of Districts||2|
|Number of Barangays||16|
|No. of Existing Coops in Marikina City||67-20 Viable|
BARANGAY BARANGKA PROFILE
|Land area||116.96 hectares|
|Number of Puroks||7|
|No. of Existing Coops in Barangka||4|
Major Events in BCC’s Growth and Development:
1972 to 1985
25 employees of U/TEX Weaving Department established an informal organization called C & K Savings Association.
December 16, 1985
C & K Association turned into a cooperative when 37 cooperators pooled out their resources with a total capital of PhP 5,300.00. From then on, C & K Association became C & K Barangka Community Credit Cooperative, Inc. Because of the continuous growth of the cooperative, the founders and members of C & K Barangka Community Credit Cooperative, Inc. amended their name to U/TEX Employee Credit Cooperative or UECCI.
August 11, 1986
UECCI was officially registered with the Certificate of Registration No. FF-357 and Confirmation No. QC-004 in compliance with Art. 128 of RA 6038 and Section 17 of RA 6939 under the Bureau of Cooperative Development (BACOD).
Rate of new members increased from 37 to 1,106 and total assets of the cooperative boosts from PhP 5,300.00 to PhP 1,000,000.00.
The growth and success of Barangka Credit Cooperative was extraordinary. Even though the management encountered numerous challenges and controversies, they were able to establish a dynamic and competent cooperative that offers various services and products to its members.
KSSC or Kiddie Special Savers Club was launched at Barangka Elementary School with a theme of “Piso Mula sa Baon”
Minimart was established with a capital of PhP 54,251.94
Expansion of the cooperative’s office. Also, this was the year wherein the peso performance was weak but BCC was able to maintain 13 % interest for regular and emergency loan.
BCC was able to achieve a net target of PhP 1,688,652.12 and / or to increase it up to 155%
BCC joined Metro South Coop Bank and the Philippine Federation Women’s Coop (PFWC). In addition, BCC was awarded as 2nd Placer in Landbank Gawad Pitak for having an excellent performance among other cooperatives in the Philippines during the administration of former President Joseph Estrada at the Malacañang Palace.
2000 – 2001
BCC was awarded again as the 4th Placer in Landbank Gawad Pitak and the growth of the total asset increased from PhP 56.6 Million to PhP 75.6 Million.
Because of the excellent performance of the cooperative, BCC was featured in one of the prestigious book entitled “Profiles of Success” of Kilusang Kooperatiba sa Pilipinas.
BCC established another branch in SSS Village Marikina City and in Pagrai Mayamot in Antipolo City. Also, BCC was included in Landbank Gawad Pitak Hall of Famers.
From a small office, BCC was able to establish a 4-story building located at No. 114 Julian Cruz St., Barangka Marikina City.
BCC received Landbank Ginintuan Gawad Pitak Award plus PhP 1Million
Construction of BCC One Stop Shop Building.
APRIL 8, 2008
Opening of BCC CMA Office, Antipolo, Rizal.
DECEMBER 28, 2008
BCC One Stop Shop Building I & II Inauguration
APRIL 28, 2011
Opening of BCC SMR Satellite Office, San Mateo Rizal
SEPTEMBER 28, 2011
Inauguration & Opening of BCC MIGS Dormitelle I, Barangka, Marikina City
OCTOBER 18, 2012
Inauguration & Opening of BCC Marilag Office, Quezon City
MARCH 25, 2012
Launching of BCC Coffee Table Book.
Launching of BCC MIGS ATM Card
AUGUST 11, 2014
Inauguration & Opening of BCC UBB Dormitelle II in UBB, Barangka, Marikina City
MAY 8 / OCTOBER 26, 2015
Inauguration & Opening of BCC Parang Dormitelle III / Opening of BCC Parang Office, Marikina City
JULY 18, 2016
Inauguration & Opening of BCC Cainta Office