HISTORY
25 Years of Dedicated Service …….. What’s Next?
The Start-up. It was in late 1982 when a group of concerned and dedicated employees gathered together to discuss ways where assistance could be readily available for emergency needs, or when one requires capital for provident or productive undertakings. The best way the group thought at that time was to organize themselves to form a cooperative.
A total of 45 interested TMX employees group to pull in their resources to start the plan. These 45 incorporators paid the way for the birth of the first cooperative with a start-up capital of only P11,600.00.
The Leg-work. With the members’ commitment, the group started the legwork towards the full accreditation of the movement. During that time, the cooperatives were still under the control of the Ministry of Agriculture, through one of its sections, the Bureau of Cooperatives Development (BACD).
The first step the group went into was a cooperative training seminar. As required by the BACD, prospective members are required to undergo the coop pre-membership seminar. Thus, the team went into training on Nov 12-16, 1982 which was conducted by VICTO. Full compliance with the training requirements was made and was attested by then City Agriculturist Engracio Malubay on January 24, 1983.
With the interim board, the group created a special committee to draft the Articles of Incorporation and the By-Laws. These were subsequently ratified by all the 45 group members on May 10, 1983, with the documents notarized by Atty. Francisco Malilong.
The Birth. It was on May 10, 1983, that the TMX Cebu Employees’ Credit Cooperative Inc. (TCECCI) was born. It was on the same day, that TCECCI members had their first General Assembly Meeting wherein the first formal election took place. Open were the seats to the 9-Board of Directors and the membership to the regular committees. A temporary Election Committee was created to supervise the election process.
Right after the election, the first set of officers took their oath of office before Pusok Brgy Capt. Ponciano Patalinghug and the general membership.
On August 23, 1983, the Bureau of Cooperative Development granted full accreditation to TCECCI. And everything blossomed to where it is now.
The Evolution. With the untiring and unselfish services provided to its members, it has grown in many ways. Member’s need expanded too. Middle of 1986, clamors from the General Assembly to put up a consumer store to serve their growing needs were conceptualized.
It was only in March 1992 that it was amended to become TMX Multi-purpose Cooperative (TMPC) from the original TMX Cebu Employees’ Credit Cooperative Inc. (TCECCI). On May 7, 1992, the first consumer store opened to provide the various consumer needs of its members.
With the emerging trend of “Deepening of Coop Services” which was moving towards specialized or focused coop business, TMPC was divided into 2. These are:? TMX Credit Cooperative — to provide credit services for members only, and;? TMX Consumers Cooperative — to provide consumer and cafeteria services for members & non-members. The move to split was in line as well for the benefit of the coop as brought about by the complication of taxation.
A General Assembly was held on December 8, 2000, to amend the multi-purpose coop charter into a credit coop. All TMPC members were automatically converted to become credit coop members while membership to the consumer’s coop was opened to interested TMX regular employees effective December 15, 2000. Fixed deposits of all TMPC members were retained with the credit coop.
The amendment took effect in January 2001. Thus, TMX Credit Cooperative (TCC) now exists.
The Future. 25 years of excellent and unselfish services were provided to the members! A lot of the pillars of our cooperative were no longer with us in its 25 years of operation. What’s next? Shouldn’t you still want to take part in its growth in the next 25 years or more? The answer is in your hands.
Let’s work together to make the next 25 years more promising .. Together, we will grow!
VISION & MISSION STATEMENT
VISION: A leading savings-driven, self-sustaining, and dynamic cooperative uplifting socio-economic conditions of the members and the community through innovation, inclusivity, and sustainable growth.
MISSION STATEMENTS:
As Service Provider
•To provide diversified financial products and services;
•To serve quality and affordable food;
•To provide easy access to basic goods; and
•To embark on ventures to attain growth and financial stability.
As Development Advocate
•To promote continuous education and training for everyone; and
•To promote self-help initiatives.
GOALS & OBJECTIVES
FINANCIAL
Continuously seek business and investment opportunities
Increase financial benefits
Enhance stability
MEMBERS AND COMMUNITY
Enhance services, products & programs
Improve information and communication with members
Increase membership
Promote social and environmental advocacies
Promote health and wellness among members and dependents
INTERNAL PROCESSES
Up-to-date website
Regularly review and improve policies and guidelines
Ensure compliance with policies and guidelines
Establish a Business Continuity Program
PEOPLE (EMPLOYEE AND OFFICERS)
Continuous education and development programs
Continuously seek to improve efficiency and customer service
Develop a strong succession plan for officers and staff