Cooperative Bank of Quezon Province

One of the visions of the primary cooperatives in Quezon Province is to put up a bank that will answer to the financial needs of the cooperatives and their members, a bank that will provide the support funds needed to put up livelihood projects that will not only provide employment but also uplift the poor from poverty and for them to be able to cope with the day-to-day existence.

This noble endeavor came to life after a series of consultation meetings with top brass persons knowledgeable in banking. Spearheading the Ad Hoc Committee in creation of the Coopbank was Dr. Severino Vergara, Area Manager of Land Bank of the Philippines for Region IV with the assistance of Mr. Lope Ibarrola, Executive Director of the Quezon Federation & Union of Cooperatives to put up One Million Two Hundred Fifty Thousand Pesos (P1,250,000.00), the minimum capital requirement of the Central Bank of the Philippines to operate a bank.

The first twenty (20) cooperative members of the Coopbank of Quezon Province were as follows:
1. Ajos Multi-Purpose Cooperative - Catanauan, Quezon;
2. Ating Kooperatiba Multi-Purpose Cooperative formerly Ating Kooperatiba, Inc. - Tagkawayan, Quezon;
3. Farmers Multi-Purpose Cooperative of Sampaloc - Sampaloc, Quezon;
4. Banal na Krus Kooperatiba sa Pagpapaunlad Multi-Purpose Cooperative formerly Banal na Krus Credit Cooperative - Quezon, Quezon;
5. Sariaya Multi-Purpose Cooperative formerly Kilusang Bayan Pampananalapi ng Sariaya - Sariaya, Quezon;
6. Lopez Quezon Multi-Purpose Cooperative formerly Lopez Quezon Credit Cooperative - Lopez, Quezon;
7. Lucban Federation of Farmers Association Multi-Purpose Cooperative - Lucban, Quezon;
8. Lucena Kilusang Bayan or Credit Multi-Purpose Cooperative formerly Lucena Kilusan Bayan for Credit, Inc. - Lucena City;
9. Lutucan Multi-Purpose Cooperative - Lutucan, Sariaya, Quezon;
10. Mangalang Tulo-Tulo Multi-Purpose Cooperative - Sariaya, Quezon;
11. Mt. Carmel Development Cooperative, Inc. - Lucena City;
12. Pitogo Multi-Purpose Cooperative - Pitogo, Quezon;
13. Quezon Federation & Union of Cooperatives, Inc. - Lucena City;
14. Quezon Provincial Government Officials and Employees Multi-Purpose Cooperative - Lucena City;
15. San Andres Farmers Multi-Purpose Cooperative formerly San Andres Farmers Development Cooperative - San Andres, Quezon;
16. San Luis Development Cooperative formerly San Luis Development Cooperative, Inc. - Lucban, Quezon;
17. St. Dominic Multi-Purpose Cooperative formerly St. Dominic Kilusang Bayan for Credit, Inc. - Lucena City;
18. St. Jude Multi-Purpose Cooperative formerly St. Jude Multi-Purpose Cooperative, Inc. - Lucena City;
19. St. Peter the Apostle Development Cooperative, Inc. - Mulanay, Quezon; and
20. St. Therese Credit Cooperative - Lucena City

On November 18, 1991, the Cooperative Bank of Quezon Province, under R.A. 6938 known as the Cooperative Code of the Philippines, was issued a “Certificate of Authority” by the Central Bank of the Philippines per Monetary Board Resolution No. QC-Q12-FCB dated November 14, 1991.
The bank’s day-to-day operation was managed by its four (4) pioneer employees headed by Ms. Cecilia A. de Guzman, together with her subordinates – Ms. Melinda T. Ladines, Mr. Renato L. Obeňa, and Ms. Milagros O. Almira.

The members of the Ad Hoc Committee/Interim Board of Directors were (1) Mr. Vicente M. Olea, Chairman; (2) Mr. Victor Eleazar, Vice-Chairman; (3) Atty. Jorge B. Vargas, Secretary; (4) Mr. Bienvenido R. Ravida, Treasurer; (5) Fiscal Romeo A. Dato, Director; (6) Atty. Aristo M. Llamas, Director; (7) Mr. Julian A. Panergo, Director; (8) Mr. Severino J. Mancenido, Director; and (9) Mr. Fernando T. Profugo, Director.

Truly Serves for 29 years of Dedicated Banking Service.