Monday, July 28, 2008

VALDECO...30 Years and counting....

Be one of us! Join Valezuela Development Cooperative now.

It was during the 1980’s when vendors of the old Greenleaf market realized a common goal of helping each other uplift their standard of living and thereafter established the first credit cooperative in Valenzuela. The organization primarily aimed to provide financial assistance and services to common people within the community. Hence, on October 24, 1980, Valenzuela Community Vendors Credit Cooperative Inc. was registered under the Bureau of Agriculture and Cooperative Development (BACOD) with Registration no. FF-158.

In no time, VCVCCI has grown its membership and expanded its services helping more and more people of Valenzuela. On April 1, 1991, the organization was finally confirmed as a multipurpose cooperative by the Cooperative Development Authority (with confirmation no. MLA-C-490) under its new name, Valenzuela Development Cooperative (VALDECO).

In 1992, through the effort of its members and with the help of other primary cooperatives and federations where VALDECO is affiliated, the cooperative was able to acquire its own building at its present address, #6-A Rincon St, Malinta, Valenzuela City.

Now on its 28th year, VALDECO prevails as one of the pioneers and most reputable and successful cooperatives in the entire city of Valenzuela. It has retained its ranking as the second largest cooperative in the city, offering wide variety of loan and savings products to members.


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