1. Brief History of LCCrC
Some fifty years back in 1964 a
group of officers of the church religious
organization and with the guidance and
inspiration of the parish priest and
aware of the economic problems of its
members organized the cooperative
intended to help its members. With
contributions from the 29 founding
incorporators’ personal money in the
total amount of P 619.00 and with strong
determination, the Lingayen Catholic
Credit Cooperative Union, Inc. was born
now known as the Lingayen Catholic
Credit Cooperative.
From this enterprising group, they
elected their own officers from among
themselves their BOD, treasurer, credit
committee, auditor, etc. Office hours are
held every Sunday after the mass and
done under the convents.
With painstaking effort, informing the parishioners of their existence and their
business activity the cooperative started to grow. Although not so fast yet steady
depending only on its own available resources with no government subsidy but purely
on self-reliance.
Likewise its officers did the job “gratis et amore” while its 2 or 3 staff contented
themselves of their meager salary.
It was on its 18th years of existence that it has reached its million mark and
because of the increase of capital and membership extended to the community,
business started to grow fast.
Considering its low rate of interest compared to other lending institutions and
other member benefits like patronage refund, interest on savings, medical and etc.
LCCrC is now more competitive. But with its rapid growth, concomitant problems arise
which has become a bigger challenge to its officers. To cope up with these challenges
officers and staff have to attend coop in-service trainings, conducted by the accredited

2. service providers. To keep tract with the business activity a regular/special meeting is
held every month as well as a quarterly meeting of all officers and staff in order for
everyone in the organization be well informed of the day to day activities.
With good customers service member benefit given, transparent business
transaction, regular member education, and dissemination of the status of the coop
contributes to its growth and as an effect livelihood activities started to grow, loans
granted to housing projects, education of member’s children grow, acquisition of homelots, job placements, and many others needing money basis were allowed in the loaning
program.
We also note that other cooperatives in the country come and visit our coop as a
part of their educative activities, noting what strategies and systems we adhere to which
may also help them grow.
It is to be noted that out of all our efforts to make LCCrC make a breakthrough in
cooperativism, we were able to receive different awards, provincial, regional as well as
national level and a Hall of Fame in being a most effective coop not only in this place
but also the whole country. Such plaques, certificates adorn the coop hall.
As a part of our good management efforts which earns for us much income,
investments were made in NATCCO, other banks in the locality in order to earn more
income. Some of our investment/assets made are two sub-division composing of 85
homelots sold to officers, staff and members.
LCCrC also participated in implementing government projects like PMS school
building, construction of deep wells in remote barangays, giant loans for the purchase of
garbage dump truck, church repair and constructing retablo, assist in organizing other
coops in Camiling, Bayambang and Bugallon as well.
Our community involvement as a part of our social goal we have yearly projects
like scholarships for indigent pupils public schools of Lingayen. Yearly Christmas meal
for at least 250 indigent families, food aid to victims of floods and medical mission.
Truly these are but some of our achievements but like any other enterprise
LCCrC was not spared of big problems. This has to do with Treasurer, an officer who
was attracted and tempted to stash some big amounts for her own personal purpose
and left the organization without notice which up to now is a big case in court.
Delinquency is another problem which LCCrC has to face every now and then. It
seems as if as long as there is business of borrowing and lending, delinquency is there
clinging to the activity. We have tried many other ways to solve this problem but this still
exist. We presume this is a concomitant evil that co-exist with loaning because

3. borrowers of poor values are still there and whoever comes after us will surely back
their hands to have it solve.
For all of these achievements and pitfalls we would conclude that managing a
coop that is expected to grow big and continue to grow rest not only on the technical
aspect but more should rest on very sound values of officers and staff who are selfless,
dedicated, trustworthy, honest and more attuned to good service to others before
themselves but most of all God loving and God fearing.
This is a brief history of LCCrC and only the salient activities are included.
Should the upcoming officers want to know the specifies, we gladly refer them to the
minutes of our meeting.
Let it be known that this is the legacy we are leaving behind which may serve as
a guide, an inspiration or a challenge to the future officers, staff and members. May it
serve the purpose.
Lastly, all these for the growth of LCCrC but mostly for the glory of God.