Founded on March 3, 1963 by Rev. Fr. Eugene Simon and 15 parish leaders, Panabo Multipurpose Cooperative (PMPC) started as a small parish credit union in Davao del Norte with just ₱130.00 in initial capital. Over the years, it has grown into one of the most trusted and progressive cooperatives in Mindanao. As of today, PMPC has 14 branches, more than 107,000 members, and over ₱3.39 billion in total assets.
PMPC is a CDA-registered, member-owned cooperative that follows the Model Credit Union Building (MCUB) framework and is a certified FOCCUS-branded organization. This means it practices international financial standards that protect members’ money and provide safe, transparent, and sustainable operations. It is also affiliated with the National Confederation of Cooperatives (NATCCO), MASS-SPECC, and Model Cooperative Network (MCN), and supports COOP-NATCCO Partylist — the only party-list that represents cooperative members and small entrepreneurs in Philippine Congress.
PMPC’s Vision, Mission, and Core Values
PMPC’s operation is guided by the following:
- Vision: To be one of the most preferred cooperatives in Mindanao in 2022 and beyond.
- Mission: To transform and uplift the quality of life of members and communities by offering competitive products and services.
- Core Values:
- Honesty
- Accountability and good governance
- Passion for excellence
- Goal orientation
- Innovation
- Teamwork and synergy
PMPC Membership Benefits
Joining PMPC comes with a variety of benefits that support both personal and financial growth:
- Annual Dividend
- Patronage Refund
- Free Accident Insurance (up to ₱50,000)
- Mortuary Assistance Program
- Scholarship Program
- Members Transformation Program
Products and Services
As a cooperative, PMPC offers numerous products and services to its members. These products and services include:
Savings Products
PMPC offers a wide range of savings accounts tailored for different age groups and life stages:
- Youth Savers Club (0–12 years)
- Minimum ₱150 opening deposit
- Higher interest than banks
- Free accident insurance (₱500 balance), free coin bank, and personalized items
- Power Teen Savers Club (13–17 years)
- Same benefits as the Youth Club
- Regular Savings (for adults)
- ₱500 maintaining balance
- Higher, tax-free interest
- Golden Savers Club (for senior citizens & pensioners)
- ₱500 maintaining balance
- Tax-free interest
- Aflatoun Savings (school-based program)
- ₱150 initial deposit
- Savings collectors visit schools weekly
- Includes financial education
- Time Deposit
- High interest
- Flexible terms (30–730 days)
- Monthly interest crediting
- Share Capital
- Minimum of 8 shares at ₱250 each (₱2,000 total)
- Earns dividends annually
- Pinoy Coop ATM
- ATM withdrawal via BancNet
- Usable for purchases
Loan Products
PMPC offers low-interest, fast-releasing, and flexible loan products, ideal for personal, business, and emergency needs. Interest rates start as low as 1.25% per month (diminishing).
- Business Loans
- Enterprise Starter & Development Loans
- Consumer Loans
- Providential Loans
- Barangay Official Loan Assistance (BOLA)
- Personal & Secured Personal Loans
- Special Loans
- Special Employees Loan
- Back to Back Loan
- Share-A-Loan
- Combo Loan
- Cash Advance / Cash Assistance Loans
- Character Loan
- Emergency Loan
- Pension Loan
- Lot Purchase Loan
Insurance and Protection Services
PMPC also serves as a Coop Assurance Center (CAC) offering:
- Life & Non-Life Insurance
- CTPL (Motorcycle, Car, Truck, etc.)
- Personal Accident Insurance
- Fire Insurance
- Student Accident Insurance
- Surety Bonds
- Payroll Security Insurance
Mortuary Assistance Program (MAP)
Financial support in case of death for members and dependents. Contribution varies depending on years of membership.
Accident Insurance Benefits
- Accidental Death: ₱50,000
- Medical Reimbursement: ₱5,000 per year
Special Programs and Community Projects
- Savings and Credit with Education (SCWE): For low-income women running micro-enterprises
- PMPC Communities (Real Estate Projects): Affordable housing opportunities for members
- Great Women Entrepreneurs Program: In partnership with NATCCO & Philippine Commission
- Educational Programs
- Adopt a Classroom Project
- Brigada Eskwela
- Aflatoun School Tour
- MCN Youth Camp Participation
These programs demonstrate PMPC’s commitment to education, gender development, and youth empowerment.
Membership Eligibility and Classification
Membership to PMPC is as follows:
Who can join?
Anyone in the Philippines can become a PMPC member, whether for savings, investment, insurance, or loan access.
Membership Classifications
There are also different types of membership within PMPC. These
- MIGS-GOLD: Can vote, run for election, and join discussions
- MIGS-SILVER: Can join discussions but cannot vote or run
- MIGS-BRONZE: Can attend meetings but not participate
- NON-MIGS: Not eligible to join assemblies
Eligibility Criteria
To qualify, you must meet the following criteria:
- Must be at least 18 years old
- Must be willing to uphold the cooperative’s vision, mission, and core values
- Must attend the Pre-Membership Education Seminar (PMES)
- Must submit a valid ID with three (3) specimen signatures
- Must subscribe to a minimum of 8 shares at ₱250 per share (₱2,000 total share capital requirement)
- Must open a savings account with the required maintaining balance
- Must agree to abide by the rules and regulations set by PMPC and the Cooperative Development Authority (CDA)
- Must be in good standing with no records of delinquency in other cooperatives (if previously affiliated)
Once these requirements are fulfilled and approved, you can officially become a member of PMPC and enjoy its full range of products and services.
Requirements
To apply for membership in PMPC, you need to prepare and complete the following:
- Filled-out Online Pre-Membership Application Form
- Valid ID/s (with three [3] specimen signatures)
- Active email address (for communication and confirmation)
- Attend the Pre-Membership Education Seminar (PMES)
- Minimum share capital subscription:
- At least 8 shares at ₱250 per share = ₱2,000 total
- Open a savings account (minimum maintaining balance of ₱500)
- Willingness to follow the cooperative’s bylaws, rules, and regulations
Once these requirements are completed and approved, you will be officially registered as a PMPC member-owner.
How to Join PMPC (Step-by-Step)
Becoming a member is now simple and can be done online. Just follow these steps:
Step 1. Fill out the Online Pre-Membership Application Form: https://forms.gle/5vryqUVKKvmZWewW7
Step 2. Prepare and attach the following:
- Valid ID(s)
- Three (3) specimen signatures
Step 3. Submit the form and wait for confirmation via email.
Once accepted, you can begin saving, investing, and applying for loan or insurance services.
Video: How to Join PMPC?
Panabo Multipurpose Cooperative (PMPC) is more than just a financial institution—it is a growing, community-based organization with a deep commitment to financial stability, social responsibility, and inclusive growth. Whether you’re saving for the future, expanding a small business, or seeking affordable insurance, PMPC offers trusted and relevant services backed by decades of experience. To learn more, here’s a visual walkthrough of the PMPC membership application process.
Contact Information
For inquiries and other concerns, you may reach out to them via the following:
Panabo Multipurpose Cooperative (PMPC)
- Address: Jose Abad Santos St. San Francisco, Panabo, Philippines
- Tel. No.: 084-823-1152
- Email: panabo_mpc@yahoo.com
- Official Website: https://panabocoop.com/
- Facebook: https://www.facebook.com/PanaboMPC