Daily Star logoNegros Oriental

Dumaguete City, Philippines Wednesday, May 13, 2015
Front Page
Negros Oriental
Star Business
Star Life
People & Events


City credit coop
opens 8th branch

The Dumaguete City Cathedral Credit Cooperative Inc., that has about 69,000 members, opened its 8 th branch in Sibulan town, Negros Oriental, recently to decongest its main office in Dumaguete.

DCCCO Board of Directors chairman, William Ablong, said the opening is another milestone for the cooperative that put up the branch to bring the cooperative closer to the people.

It will also be advantageous to about 7,000 DCCCO members from Sibulan, the catchment areas of Tanjay, Pamplona, San Jose and Amlan, and nearer to prospects from Santander, Oslob, Badian, and other towns in Cebu, whose residents would like to be members of the cooperative.

The branch was established in partnership with the church in Sibulan.

Dumaguete Bishop Julito Cortes said the promotion of cooperativism is one of the social doctrines of the church, especially since its main vision is to help the poor.

It is not just an ordinary business but one with a conscience, to alleviate the poverty situation in any community that they are in, Cortes said.

Another branch is expected in the third district, inside the church compound in Siaton town.

Mayor Emmanuel Diputado welcomed the establishment of the DCCCO branch in his town, that, he said, will impact on the economy of Sibulan, including the economic life of its people.

DCCCO was awarded last year as Top 8 billionaire cooperative all over the country and was adjudged most outstanding coop for large category two years ago due to its achievements and the help it extended to members, in terms of starting new businesses and other endeavors. The DCCCO branch manager is Neil Umbac.

Meanwhile, another multi-awarded cooperative in the province, the Perpetual Help Credit Cooperative, signed an agreement with P & L Ventures yesterday, for the “AsensoKArd” project, in cooperation with JPAsia, that operates three gasoline stations in Negros Oriental, and one in La Carlota City, Negros Occidental.

The memorandum of agreement was signed by Danny Cabahug, chairman of the board of directors of PHCCI, coop manager Michael Johann Hojas, and Ed Du, who represented AsensoKArd. It was witnessed by Bryan Garcia of JPAsia, operators of the Fedumcoda, and HMT gas stations in Dumaguete, Tamisu, Bais City, and La Carlota.

The scheme is similar to the loyalty cards of malls and drugstores, although it is locally conceptualized for Dumagueteños and Negrenses. It can also be used in other establishments that will partner with the coop in the future.

Under the MOA, a PHCCI member with an AsensoKArd will earn points when they gas up at partner gasoline stations, or when they patronize business establishments that will partner with it.

Du said the points earned have no expiration, it has no limit and can be redeemed anytime in cash, or can be used to purchase gasoline and other oil products.

Cabahug said this is one way of helping its members earn a few pesos while in patronizing AsensoKArd withan initial 150 cards made available.*JG



back to top

Negros Oriental
Button No tuition hike for old SU students until graduation
ButtonCustoms to investigate Larena rice smuggling
Sibulan treasurer's office burglarized
City credit coop opens 8th branch