Calasiao Plant and Related Companies Employees’ Multi-Purpose Cooperative was founded on August 26, 1987 by Mr. Marcelino G. Santiago, then Plant Personnel Officer of Coca-Cola Calasiao Plant together with 120 Coca-Cola employees initially as a Credit Cooperative. The Cooperative better known as Calasiao Coop was founded with the following objectives:
- To promote the value of saving for the future among members.
- To help members avail of credit facility with very low interest rate to finance their families’ needs.
- To keep employees from being victimized by usurious lenders including “5-6” and other lending groups that charge high interest rates.
Calasiao Coop has been experiencing robust growth since its inception and in just after a year of its operations it reached the million mark and received its first award in 1988 as the Most Outstanding Credit Cooperative-Institutional Category because of its phenomenal growth. Since then, the Cooperative has been a consistent recipient of awards year after year.
In 1992 we received our Highest Award as Most Outstanding Cooperative in the Philippines (National Industrial Category) given by the Cooperative Union of the Philippines. It was awarded by then President Fidel V. Ramos during the National Cooperative Summit/Conference.
Calasiao Coop started with only 121 as its original founding members in 1987. This number grew to 8,789 as of June, 2021. Today, members come from the following different Partner-Companies:
- Coca-Cola Beverages Phils., Inc. – Nationwide
- San Miguel Brewery, Inc. – San Fernando, Pampanga
- Ginebra San Miguel, Inc. – Sta. Barbara, Pangasinan
- Joleco Resources, Inc. (St. Joseph Drug) – One of the largest drugstore chains in Pangasinan with branches in other provinces in Region 1 & Region 3.
- Inter-Citi Haulers Corp. – Cebu
Paid-Up Capital on the other hand started from PhP57,242.74. As of the end of June, 2021, it is now at PhP1.04B while the Cooperative’s Total Assets expanded from PhP283M in 2011 to PhP1.38B in December, 2020. In 2018, the Cooperative was given an award for Becoming Billionaire Cooperative in Region and as of today, it is considered as one of the few Billionaire Cooperatives and one of the largest in Region 1.
The Cooperative is not only phenomenal in Membership, Total Assets and Capital growth. It also registered an enviable profitability of 92.5% (Net Surplus against Revenues), annual average for a 10-year period starting 2011. This is even after considering the effects of the current pandemic. Stability and Liquidity ratios are also above the industry’s standards.
From being a Credit Cooperative, Calasiao Coop has expanded to different business units. Currently the following are our business:
- Lending Business
- Coke Dealership
- Hotel
- Apartment
- Function Hall
- Laundry
- Canteen/Catering Services
- Van Rental
While the Cooperative is successful in the business, it also continues to support the well-being of the Community as one of the mandates of Cooperative Development Authority (CDA). It participates in the LGU or Barangay-initiated programs for the environment, donates to LGU and the Barangay where the Cooperative is located especially during the pandemic and sponsors the year-round free medical and dental assistance/missions for the residents of the Barangay.
It is a wonder for many why the Cooperative achieved so much success. Perhaps one of the best practices that we have is having a set of Board of Directors and Officers with a heart even in the absence of any monetary reward, compensation or honorarium. These directors and officers together with the GM and Marketing Manager who are Corporate-trained were once leaders in their respective departments from a world-class Company. This is also the reason why the Cooperative’s Internal Control, Policies and Procedures and Code of Business Conduct are adopted and patterned from a globally-reputed Company.
As the Cooperative faces the challenges of time, we will continue operating with our commitment –
