History

HISTORY

The Angeles University Foundation Credit Cooperative Inc. (AUF-CCI) was established on November 18, 1981 with an initial capital of Five Thousand Pesos (P5,000.00) as “Seed Money” from the University President, Dr. Emmanuel Y. Angeles. With the managerial and financial assistance provided by Dr. Angeles, the Institute for Small Business & Cooperative (ISBC) and the AUF Administration set into motion the machinery that led to the granting of the approval for the operation of the AUF-CCI.

Thirty-three (33) AUF personnel who served as its first members and were considered as the CORE GROUP pioneered the AUF-CCI. The AUF-CCI has been guided ever since by the rationale behind the CORE Group’s establishment of a cooperative which is:

• to discourage usurers;

• to satisfy the urgent need for credit; and

• to educate the members on the value of savings and wise spending.

Through the years the Cooperative has been operating successfully. Additional credit facilities were introduced and loaning services were improved to cater to the needs and growing demands of the members. This was made possible with strong partnerships with the Land Bank of the Philippines (LBP). The Land Bank also financed the construction of the AUF-CCI building that now serves as the principal office of the Cooperative. The building was inaugurated on February 14, 2001 with Dr. Emmanuel Y. Angeles, AUF President and Dr. Aurelia L. Villaraza, AUFMC Director as principal sponsors.

The clamor of the members for additional and improved services mobilized the Cooperative to move its direction towards diversification. The move towards diversification mandates the Cooperative to change its status from a credit cooperative to a multi-purpose cooperative.

Thus, in the year 2002, the Board in consultation with the Unit Representatives, the Members of the Committees, and the Cooperative Development Authority (CDA), deliberated on the possible conversion of the Cooperative from a credit cooperative to a multi-purpose cooperative. Careful study and deliberation were also done on the proposed amendments in the Articles of Cooperation and the By-Laws of the Cooperative. The results of the deliberation were presented for consideration and approval of the General Assembly on a Special Meeting held on September 28, 2002. The CDA approved the conversion of the Cooperative to a multi-purpose cooperative on November 20, 2002.

On January 1, 2003, the Cooperative adopted its new name, the Angeles University Foundation Multi-Purpose Cooperative (AUFMPC) and started officially its operation as a primary non-agricultural multi-purpose cooperative.

To underscore the Cooperative’s role in establishing greater identification with its members and the community and in strengthening its policy of putting the collective interests of its members first, the general membership elected to use the name AUFCOOP during the 26th Annual General Assembly on February 9, 2008.

In recognition of its contributions in initiating and promoting programs and activities leading to the sustained financial stability of the Cooperative and its members and of the Cooperative’s immersion in community development advocacies the AUFCOOP was conferred the following merits of appreciation:

MAJOR ACHIEVEMENTS

1. Top Performing Cooperative In Terms of Savings Deposit Generation for FY 2009 Angeles City Cooperative Council and Cooperative Development Authority October 4, 2010

2. Outstanding Institution-Based Cooperative Landbank of the Philippines GAWAD PITAK –Sofitel Philippine Plaza, Manila August 9, 2010

3. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Risk Management Land Bank of the Philippines March 23, 2010

4. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Risk Management Land Bank of the Philippines July 14, 2009

5. Commendable Overall Adjectival Rating (Class A) AUFCOOP Operations Review As of December 31, 2007 Land Bank of the Philippines May 19, 2008

6. Top Performing Cooperative in terms of Membership Expansion Angeles City Cooperative Office and Cooperative Development Authority December 18, 2007

7. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Risk Management Land Bank of the Philippines April 30, 2007

8. Best in Performance Based in COOP-PESOS Angeles City Cooperative Council and Cooperative Development Authority October 21, 2006

9. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Risk Management Land Bank of the Philippines April 10, 2006

10. Most Outstanding Cooperative in Angeles City Angeles City Cooperative Council and Cooperative Development Authority November 9, 2005

11. Most Conscientious Cooperative in Angeles City Angeles City Cooperative Council and Cooperative Development Authority November 9, 2005

12. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Risk Management Land Bank of the Philippines February 18, 2005

13. Certificate of Recognition as a Training Cooperative Cooperative Development Authority January 18, 2005

14. Certificate of Recognition for Passing the Landbank Cooperative Operations Review Overall Rating of Excellent as a Manifestation of Institutionalized Operations Land Bank of the Philippines October 22, 2004

15. Certificate of Appreciation during the LAKBAY KOOP Philippine Army Finance Center Producers Integrated Cooperative September 17,2004

16. Certificate of Recognition for Excellent Adjectival Rating (Class A) AUF-MPC Operations Review As of June 30, 2004 Land Bank of the Philippines August 26, 2004

17. Certificate of Recognition as Top Millionaire Cooperative Angeles City Cooperative Office and Cooperative Development Authority November 12, 2003

18. Certificate of Recognition for Most Capital Build-Up Generated Angeles City Cooperative Office and Cooperative Development Authority November 12, 2003

19. Certificate of Recognition as Oldest and Most Active Cooperative Angeles City Cooperative Office and Cooperative Development Authority November 12, 2003

20. Commendable Overall Adjectival Rating (Class A) AUF-MPC Operations Review As of January 31, 2002 Land Bank of the Philippines May 15, 2002

21. Certificate of Recognition for Exemplary Performance in Improving Socio-Economic Life thru the Spirit of Cooperativism Provincial Cooperative Development Council December 14, 2001

22. Commendable Overall Adjectival Rating (Class B) AUF-MPC Operations Review As of December 31, 2000 Land Bank of the Philippines March 31, 2001

23. Certificate of Recognition as One of the Top Five Millionaire Cooperatives Cooperative Development Authority November 5, 1999

24. Certificate of Appreciation in recognition of its active support and contribution to the growth of the cooperative and livelihood movement in Angeles City City Cooperative & Livelihood Development Office December 19, 1996