About BSUCMPC
Our History
From humble beginnings in 1984, BSUCMPC has grown into one of the most trusted cooperatives in the Cordillera Administrative Region.
CDA Recognition
As reported by the Cooperative Development Authority (CDA) during a recent General Assembly meeting, BSUCMPC has achieved the following distinctions:
Municipal level: First Billionaire Cooperative
Provincial level: First Billionaire Cooperative
Regional level: 4th Billionaire Cooperative
Our Timeline
Renamed BSUCMPC
On March 3, 2018, during the 19th General Assembly, members approved renaming the organization to 'BENGUET STATE UNIVERSITY AND COMMUNITY MULTIPURPOSE COOPERATIVE (BSUCMPC)' to reflect its expanded community focus. The CDA officially approved the change on April 17, 2018.
CAR-Wide Expansion Approved
In May 2011, the CDA approved another expansion of service area to cover the entire Cordillera Administrative Region (CAR).
Expansion to Benguet and Baguio City
The Board proposed expanding operations to include Benguet and Baguio City. Members ratified this expansion on February 17, 2006, and the Cooperative Development Authority (CDA) approved it on May 26, 2006.
Consolidation into a Multipurpose Cooperative
After evaluating both cooperatives — the Consumers Cooperative had stagnated while the Credit Cooperative thrived — both were consolidated into a Multipurpose Cooperative in February 1999 for 'diversity of services, management efficiency and economic viability.' Registered September 16, 1999.
BSU Credit Cooperative Established
Dr. Carlos T. Buasen Sr. surveyed BSU employees' borrowing habits and found 60% used rural banks and other lenders. This led to establishing the BSU Credit Cooperative on October 2, 1988, with 35 members and ₱15,755 in capital.
MSAC Teachers and Employees Consumers Cooperative
The organization began with the MSAC Teachers and Employees Consumers Cooperative, registered April 27, 1984, with 81 employees contributing ₱12,650 in capital.
What Makes Us Successful
Our cooperative's sustained growth is driven by these core practices:
Constant Expansion
The cooperative continuously amended its bylaws to expand service areas and conducted a radio program 'BSU on the Air' for membership campaigns. It operates five buildings and two satellite offices in Loo and Abatan, Buguias.
Diversification of Services
Beyond standard loans and deposits, services include grocery loans, Western Union transfers, bill payment processing, loan insurance, vehicle rental, mutual death aid, and hospitalization assistance.
Continuous Education and Training
Officers and members regularly attend trainings and seminars, exchange knowledge with visiting cooperatives, and some have traveled to Thailand, Malaysia, and China for educational purposes.
Strict Compliance to Policies
The cooperative maintains a Manual of Operation. After a 2003 loss of ₱24,380.23, strict policy adherence increased net surplus yearly with a very low 2% liquidity rate.
Yearly Evaluation of Operations
Operating under a five-year development plan since 2007, the cooperative evaluates actual performance against projections annually, typically in October or November.
Serving with a Smile
Staff, officers, and members practice friendly interactions, creating an environment where members feel comfortable addressing concerns.
Obedience to God
Leadership attributes the cooperative's success to faith-based values, citing Job 28:28: 'Fear of the Lord drives away corruption.'