Sta. Cruz Savings and Development Cooperative (SACDECO) is a community-based cooperative in the Philippines that has evolved from humble beginnings to become a trusted financial partner for individuals and families. Officially conceived in 1982 and established in 1984, it initially operated under the name Sta. Cruz Credit Cooperative, serving all 49 barangays of Sta. Cruz, Ilocos Sur. Its journey toward growth and diversification led to two name changes: Sta. Cruz Multi-Purpose Cooperative in 1994 and finally Sta. Cruz Savings and Development Cooperative (SACDECO) in 2006.
Started with just 25 incorporators and a capital of Php 5,000, SACDECO now offers a broad range of financial products and services designed to meet the unique needs of its members—from deposit and loan programs to insurance and business support services.
Why Join SACDECO?
By joining SACDECO, members gain access to a full spectrum of financial services while supporting a community-driven institution. From low-interest loans and insurance options to targeted savings programs for children, mothers, and OFWs, it remains a reliable partner in financial planning and growth. After all, SACDECO has been consistently working “for the continuous development and enrichment of communities.”
Other benefits of joining SACDECO include:
- Access to various savings programs tailored to different needs (e.g., emergency, retirement, education, OFWs, mothers, teens).
- Opportunity to apply for low-interest loans, including personal, business, agricultural, real estate, and green financing.
- Loan protection and insurance coverage such as accident, death, and dismemberment insurance.
- Participation in exclusive financial programs like TRIKE Savings and Bagong Bayani Cash Builder.
- Eligibility for member-only loan programs such as SAGIP, BANGON, KOMTEK, and P3.
- Convenient bills payment services through SM Bills Payment Centers and Bayad Centers nationwide.
- Access to youth and student programs like Super Teen Savers and Student Accident Insurance (SAI).
- Health-related savings plans like MEDICAIDE.
- Use of SACDECO’s function hall for personal and community events.
- Dividends and patronage refunds based on participation and share capital.
- Ownership and voting rights as a cooperative member.
- Ongoing financial literacy education and development seminars.
- Support from a cooperative rooted in local community values and development.
Products and Services Offered by SACDECO
Here’s a complete list of services and programs offered by SACDECO:
Depository Services
Reliable and accessible savings options tailored to different life stages and needs.
- Regular Savings Deposit: A basic savings account that earns interest and allows flexible deposits and withdrawals.
- Time Deposit: A fixed-term deposit that offers higher interest rates for longer holding periods.
- Special Savings Deposit: A targeted savings plan for specific life goals like education, health, or emergencies.
- Bagong Bayani Cash Builder: A savings plan designed for OFWs and their families to build future financial stability.
- Mother Savings: A high-interest savings option created for mothers and single parents.
- Super Teen Savers (STS): A long-term savings plan for children and teens ages 0–17, ideal for future education.
- Retirement Savings: A savings plan to help members prepare financially for their retirement years.
- Peso Savings: A special fund set aside for emergency or short-term needs.
- Laboratory Coop: A training ground for young savers to learn cooperative values and financial literacy.
- Youth Tipid Movement (YTM): A youth-focused initiative promoting the habit of saving and wise spending.
- Aflatoun: A school-based savings and social education program for children and young members.
Lending Services
Flexible and affordable loans to support personal, business, and livelihood goals.
- Personal Loan: Covers education, medical expenses, appliances, house repairs, and other personal needs.
- Business Loan: Capital support for micro to regular-sized businesses to grow or expand operations.
- Agricultural Loan: Financial assistance for crop production such as palay, corn, onion, and tobacco.
- Real Estate Loan: For the purchase, construction, or renovation of property, house, or land.
- Fast Cash Loan: A quick-release loan for immediate financial needs with minimal requirements.
- KOMTEK Loan: Up to Php 50,000 loan for MIGS members with loan protection and low interest.
- Green Finance Loan: A loan facility supporting eco-friendly or sustainable livelihood projects.
- Bangon Loan: Php 30,000–Php 150,000 loan for business recovery or additional capital, payable up to 3 years.
- SAGIP Loan: Php 5,000–Php 12,000 small loan for members in need, payable in 3–12 months without collateral.
- ANYO Loan: Lending program for registered marginal farmers and fisherfolk for agri-business ventures.
Allied Services
Convenience services that enhance member experience and access.
- Bayad Center: Pay SACDECO bills, deposits, and fees at partner outlets nationwide, even on weekends.
- Cooperative Assurance Center: Offers insurance solutions like life, non-life, accident, and loan protection plans.
- ATM: Easy and secure access to savings through ATM withdrawals.
Programs & Social Services
Community-focused initiatives that support health, equality, welfare, and the environment.
- Give Love and Delight: A support program for families of SACDECO members.
- Old Age Welfare: Financial assistance for elderly members to support their well-being.
- Marital Benefit: Support provided to members celebrating milestones or facing challenges in marriage.
- 65-25 Pension Program: A retirement program that encourages members to prepare early for their future.
- Gender Equality Advocacy: Activities and education promoting equal opportunities and treatment for all genders.
- Save the Earth (Environment Protection Program): Community projects focused on environmental conservation.
- SACDECO Cares: A collective banner for the cooperative’s charitable and relief missions.
- Health and Wellness Program: Promotes healthy living through the following:
- Medical Mission: Free checkups and medical assistance to members and communities.
- Sanitation Project: Initiatives focused on hygiene, clean water, and waste management.
- School Feeding Program: Nutritious meals provided to children in schools within the community.
Who Can Join
SACDECO membership is open to:
- Residents of Sta. Cruz, Ilocos Sur and nearby municipalities
- Farmers and fisherfolk
- Micro and small entrepreneurs
- Tricycle drivers and operators
- Mothers and single parents
- Overseas Filipino Workers (OFWs) and their families
- Students and youth (via Laboratory Cooperative programs)
- Salaried employees and professionals
- Senior citizens and retirees
- Individuals interested in community-based savings and lending services
Eligibility Criteria
Before you even think of joining, make sure that you can satisfy these eligibility requirements:
- Must be a Filipino citizen
- At least 18 years old
- Must attend the Pre-Membership Education Seminar (PMES)
- Willing to abide by the cooperative’s policies and procedures
Documentary Requirements
Please prepare the following documents before application:
- Two (2) pcs. 2×2 ID photos
- Two (2) valid government-issued IDs
- Barangay Clearance
- Birth Certificate or Marriage Certificate
- Tax Identification Number (TIN)
- Cedula (Community Tax Certificate)
Monetary Requirements
As for the required amount for share capital and other fees, here’s a breakdown for you:
For Members Aged 18–65 Years Old (Total: ₱8,750.00)
- Share Capital: ₱3,000.00
- Savings Deposit: ₱4,000.00
- GLAD Annual Contribution: ₱1,500.00
- Membership Fee: ₱250.00
For Members Aged 66 and Above (Total: ₱10,750.00)
- Share Capital: ₱5,000.00
- Savings Deposit: ₱4,000.00
- GLAD Annual Contribution: ₱1,500.00
- Membership Fee: ₱250.00
Procedures
To apply, simply follow these steps:
Step 1: Attend the Pre-Membership Education Seminar (PMES)
Join the live webinar to learn about SACDECO’s benefits, services, and how you can build your financial future with the group.
Step 2: Prepare your membership funds (see monetary requirements below)
Step 3: Complete and submit the required documents
Step 4: Visit the SACDECO office near you or send them a message for assistance
Step 5: Get your SACDECO ID and start your savings journey!
Monthly Obligations Reminder: All members must deposit Php 100.00 (savings) and Php 50.00 (share capital) monthly.
Video: SACDECO 001
To learn more about SACDECO, check out this video below:
Ready to Join SACDECO?
Whether you’re 18 or 68, you can become a regular member and enjoy the full benefits of saving, borrowing, and growing your finances with SACDECO. To reach out, you may:
- Visit the nearest SACDECO office or the SACDECO Head Office:
- Head Office: Pob. Este, Santa Cruz, Ilocos Sur, Philippines
- Office Hours: Monday–Friday, 9:00 AM: 4:00 PM
- Send a message on Facebook: https://www.facebook.com/profile.php?id=100057357313932
- Call or text: 0917-880-0434 / (077) 674-7134
- Send an email: sacdeco_ho@yahoo.com
- Check the website: https://sacdeco.com.ph/home-1