De La Salle University - Manila

De La Salle Credit Cooperative

Introduction

The constitution of the Philippines has declared it as a national policy the support of the continued existence and development of cooperatives in the country as an instrument in the promotion of equity, social justice and economic development,. The State recognizes the establishment of cooperatives as an avenue for the social and economic uplift of its members through the conduct of various programs and measures based on mutual assistance.

The Cooperative Development Authority (CDA), on the other hand, envisions a conductive environment for the formation of a strong and viable cooperative sector that can contribute towards the expansion and equitable distribution of wealth, the increase socio-economic opportunities, mitigate the spread of poverty and empower the middle class in the country.

As a cooperative De La Salle Credit Cooperative was established in 1963 to promote thrift and savings among its members and provide funds to grant loans to its members. It started with an initial paid-up capital of P560 generated from its original 28 members. As of December 31, 2007, its membership has grown to 3032 members and its working capital has reached P158 Million and has been cited recently as one of the leading cooperatives in the country today.

Statement of Vision

De La Salle Credit Cooperative envisions itself as a self-reliant, stable and dynamic cooperative that effectively responds to the socio-economic needs of its members and contributes to their human development

Statement of Mission

In order to carry out its vision De La Salle Credit Cooperative has articulated the following missions:

• To inculcate a culture of thrift and assist members to attain financial stability through periodic savings and financial discipline among members.
• To promote the uplift of the quality of life of its members through mutual and cooperative assistance.
• To ensure financial and organizational stability through good governance and prudent management of financial, human and other resources guided by the Lasallian values.
• To continually expand and improve services to members through the use of modern technology and availment of external resources.