COOPERATIVE BANK OF CAGYAN

I. HISTORICAL BACKGROUND

BANK FROFILE

The Cooperative Rural Bank of Cagayan Inc. now Cooperative Bank of Cagayan is one

of the oldest and one of the most stable cooperative banks in the Philippines. It was organized on

22 March 1977 through the initiative of 105 Samahang Nayons and one Area Marketing

Cooperative, the Kilusang Bayan sa Pangangalakal ng Cagayan at Kalinga-Apayao, Inc. After

the issuance of its Certificate of Authority from Central Bank of the Philippines in 1979, now the

Bangko Sentral ng Pilipinas (BSP), the Cooperative Bank of Cagayan (CBC) formally opened its

doors to the public on 01 September 1979.

The CBC has taken the lead role in rural financial intermediation between and among

small farmers, micro-entrepreneurs, professionals, and their organizations. It is notable, that the

bank is catering to 28 municipalities and 1 city of Cagayan which comprises 820 barangays and

has expanded its services to the Provinces of Kalinga and Apayao and widening its horizon to the

Province of Isabela. Client reaches out as of today stood at 14,000 and still counting. To date, the

bank has three (3) operating branches strategically servicing the three (3) Districts of the

province namely, Tuguegarao City in the 3rd District where the head and corporate offices are

located at the CBC Bldg. along Diversion Road, San Gabriel Village, Tuguegarao City. Abulug

Branch, which is located at Barangay Calog Sur, Abulug, Cagayan catering the needs of the 2nd

District of Cagayan and the nearby municipalities of the Province of Apayao and Lallo Branch

located at the Public Market, Bagumbayan, Lallo, Cagayan which is serving the 1st District of

the province.
 As the Cooperative Bank of Cagayan sets forth to a new horizon of the Competitive

Banking Industry, we envision to be “The Leading Financial Institution for Countryside

Development in Northern Luzon through innovative Financial Products and Technologically

Superior services anchored on good governance”. In furtherance thereof, we firmly

commit ourselves to the mission of Institutionalization and Sustainability of Production,

Processing and Packaging and Marketing linkages, among the stockholders, stakeholders, and

partners. Thus, motivated in providing the highest standard of service to our customers/clients

and the community, sustainable profit for the Bank, healthy working environment, career

advancement for our employees and reasonable return and welfare to our shareholders.

The CBC is incessantly making its way towards becoming the best in the cooperative

banking industry as it brings forth technologically enriched financial services brought about by

our amalgamated vision and mission. A fruition we humbly and sincerely dedicate; to our ever-

loyal depositors, to our very conscientious borrowers, to our trusting investors and to

stockholders who steadfastly upheld their priceless trust and confidence to the Cooperative Bank

of Cagayan.

II. VMGO

VISION

The leading and most trusted cooperative bank in Northern Luzon devoted to uplift the

quality of life in the countryside.

MISSION

We are committed to provide responsive financial access and opportunities to member-

affiliates and shake holders through innovative and technologically superior products and

services anchored on:

1. 1: Holistic Development.

2. Quality customer service.

3. Good Governance; and

4. Corporate social responsibility

CORE VALUES

The Cooperative Bank of Cagayan shall operate and serve with PRIDE along with the Universal

Cooperative Values at all times. PRIDE stands for set of values that shall guide every officer and

employee conduct, and it shall permeate throughout the system of our Bank.

PARTNERSHIP

We share responsibility with our member-affiliates and other stakeholders in promoting

solidarity as we deliver high quality products and services that are responsive to their needs.

RESPECT

We uphold in our undertakings Reverence, Esteem, Serenity, Politeness, Equality,

Courtesy and Truthfulness.

INTEGRITY

We are fair and just in all our undertakings as we take responsibility for our actions and

give credit to whom it is due as we stand firm on our convictions and principles.

DEDICATION

We are committed to serve with conscientiousness, resoluteness, optimism, perseverance,

and stamina.

EXCELLENCE

We effectively and efficiently deliver customer- centric products and services.

III. PRODUCTS/SERVICES

Regular Savings Deposit

FEATURES

▪ Minimum Initial Deposit; Php 1,000.00

▪ Required ADB to earn interest: Php 1,000.00

▪ Interest Rate (per annum): 1.00%

▪ Closing account fee: Php 100.00

▪ Service charge: Php 50.00

*For account falling below the required monthly average daily balance.
 ▪ Dormant account fee: Php 50.00

*Accounts with no depositor-initiated transaction for 2 years and falling below the required

ADB.

Time Deposit

FEATURES:

▪ Minimum Placement: Php 1,000.00

▪ Term: Minimum of 30 days

▪ Interest Rate (per annum): Minimum rate 2% & Maximum rate of 5%

▪ Pre-termination Interest Rate: 1%

▪ Documentation: Certificate of Time Deposit (CTD)

▪ Deposits are insured by PDIC up to P500,000.00 per depositor.

Kiddie & Teens Savings Deposit

FEATURES:

▪ Minimum Initial Deposit: Php 100.00

▪ Required ADB to earn interest: Php 1,000.00

▪ Interest Rate (per annum): 1.00%

 ▪ Closing account fee: Php 100.00

▪ Service charge: Php 50.00

*For account falling below the required monthly average daily balance

▪ Dormant account fee: Php 50.00

*Accounts with no depositor-initiated transaction for 2 years and falling below the required

ADB

REQUIREMENTS ON OPENING SAVINGS AND TIME DEPOSITS:

▪ At least one (1) valid ID such as:

*New SSS/GSIS ID, Driver’s License, Company ID, School ID, Passport, PRC ID,

Postal ID

▪ Two (2) copies of most recent 2×2 ID picture

▪ Tax Identification Number

AGRI - AGRA LOANS

▪ Agrarian Reform Loan

▪ Namnama Loan

▪ Other Agricultural Credit Loan

DEVELOPMENT INCENTIVE LOAN

MICROFINANCE LOAN

SMALL MEDIUM ENTERPRISE LOA

▪ Vehicle Loan (PUV)

▪ Construction/Renovation of Business Establishment

CONSUMER OR PERSONAL LOAN

▪ Vehicle Loan (Private Use)

▪ Appliance Loan

▪ Multi - Purpose Loan

LOANS TO INDIVIDUALS FOR OTHER PURPOSES

▪ Salary Loan

▪ Housing Loan

▪ Lot Purchase Loan

▪ OFW Loan

▪ Back-to-Back Loan

▪ LIOP - Other Loan

Documents Needed:

▪ Principal Borrower

▪ Filled out Bank forms.

▪ 2 pcs 2x2 ID picture

▪ 1 valid ID

▪ Proof of residence

▪ Barangay clearance

▪ Securities

▪ Title of REM

▪ O.R. & C.R of Chattel

▪ For Salary Loan

▪ Memorandum of Agreement

▪ Certificate of Employment

▪ ATM or Cheque

▪ Pay-slip (latest for 2 months)

▪ For Agri loan

 ▪ certification of the barangay captain / Municipal agricultural officer / Chairperson of the

Cooperative as to the land area cultivated.

Co-Borrower

▪ 1 valid ID

▪ Barangay clearance

▪ Proof of residence

▪ Proof of income

IV. BANK OFFICERS

BOARD OF DIRECTORS

Chairman: Mr. Daniel M. Narag

Vice Chairman: Mr. Anthony A. Paragoso

Members:

Mr. Rustico R. Turingan

Ms. Carmelita R. Abuel

Mr. Quirino V. Munoz

Mr. Nathaniel B. Garcia

Mr. Charlene T. Capili

OFFICE OF PRESIDENT

President/ CEO: ATTY. ROBIN JAMES A. GUNNACAO

Chief Operating officers: MS. MARILYN L. SAGALA, CPA

Fund Management & Branch Operations Head/ treasurer: MR. JOMAR D. MASIRAG

Loans Department Head: MR. JITKO B. TAYAWA

HR & facilities Admin Head: MS. KARINA P. BUNAGAN

Chief compliance Officers: MR. STEVEN B. BANEZ, CPA

Research & Development Head: MS. MARIEL D. LIQUIGAN, CPA

Internal Audit Head: MR. DOMINICG. TUMALIUAN JR., CPA

Information Technology Head: MR. MAYNARD B. CORPUZ

Risk Management & Security Officer: MR. JOEL V. BUGARING

Chief Accountant: MS. KAREN G. PAGULAYAN

BRANCH MANAGERS

Branch Manager- Main: MS. KRISTINE P. PASICOLAN

Branch manager- Abulug: MS. MELODY FAITH C. MACABABBAD

Branch manager- Lallo: MS. JOAN T. SORIANO

ASSISTANT BRANCH MANAGERS

Assistant Branch Manager- Burgos: MS. GINA V. SARDENA

Assistant Branch Manager- San Manuel: MR. BOBBY U. MARTINEZ

Assistant Branch Manager- MS. DHALIECA JOY D.C. MAGUDDAYAO

UNIT SUPERVISORS

Lending Support Unit Supervisors: MS. JANICE T. ULEP

Appraisal Supervisor: MR. ROBIN T. CAJIO

Evaluation Supervisor: MR. JOEL U. TABANGAY

Account Management Supervisor: MR. ROLDAN B. APACIBLE

Refence:

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