THE flourishing Tomay Credit Cooperative (TCC) is a half-century-old. It celebrated its golden anniversary in 2018 highlighting the gains and success stories of the enterprise. In the same year, the Cooperative Development Authority (CDA) feted the business as one of the oldest existing cooperatives in the Cordillera Region.
Romualdo Taltala, a Catholic seminarian, pioneered the introduction of cooperativism to the Rose Capital of the country, Barangay Bahong, in 1968. This was a part of the project of the church in the 1960’s in putting up co-ops in the Vicariate of Mt. Province. He collaborated with Asuncion Puapo, principal of the then Tacdian Catholic School. This gave birth to the registration of the Tomay Credit Cooperative Union, now Tomay Credit Cooperative on June 11, 1968. It started with 25 members with an initial capital of 233 pesos.
Over the long years of helping alleviate the lives of its members, TCC has now accumulated a total asset of 36.5 million pesos with steadfast members totaling to 1,223 as of last year. Manager Juliet Ambros and Board of Director Chairperson Crisaldo Badival vowed to expand the co-op’s services for the next coming years. This is in response to the increasing needs of its constituents especially the farmer-members. The recent purchase of building and lot at the same barangay is an indication that the cooperative is geared towards achieving greater heights.
The notable massive increase in the co-ops’ asset is due to the regular conduct of information and education campaigns on the capital build-up program and pre-membership education seminars. Aside from giving incentives to top shareholders, they also adjusted the ceilings of their loans encouraging its members to patronize their credit program.
TCC is determined to live out continuously its vision as a lasting cooperative with sanctified members guided by Christian virtues and cooperative principles and values. In its mission, the encouragement of sharing among members with thriftiness of depositors as a source of low-interest loans will provide high dividends. The uplifting of the members’ lives will be also realized if members are educated on the values of cooperativism and Christian virtues.
Just like other successful millionaire cooperatives, TCC members also stumbled with challenges and difficult encounters but it did not stop them in bridging changes especially to its community. This paved way the coop to get the recognition as one of the Best Performing Cooperatives in La Trinidad. The Local Government Unit of La Trinidad bestowed the honor during its 2018 Gawad Parangal Awards.