About Us

In 1991, the idea of cooperativism at Makati Medical Center was introduced.

A core group was formed which composed mostly of department heads, managers and consultants of MMC.

THE FOUNDING MEMBERS OF THE BOARD

Dr. Benjamin Magsino		Mrs. Adelia Lopez
Dr. Luis Rivera		Mrs. Leticia Luciano
Dr. Ariston Bautista		Mrs. Yolanda Cruz
Dr. Carmelita Grande		Mrs. Josefina Alinan
Dr. Jorge Arkoncel		Mrs. Linda Anbochi
Dr. Godofredo Banzon		Mr. Hermogenes Col-Long
Dr. Siopin Co

MMCFCC started with just a table inside the accounting department of MMC and with seed money of only P50,000.00. The amount was advanced by MMC and was returned as soon as the cooperative has attained its financial requirements. After more than 20 years of operation, from mere P 50,000.00 seed money, our cooperative recorded a total asset of P120.6M, with the total paid-up capital of P82.1M. We are liquid by as much as P24 million by the end of 2011.

It has helped our members a lot, as an owner/investor and in time of needs by granting productivity, providential, emergency, appliance & gadgets loan, educational, commodity and calamity loans. And before the end of year 2010 the cooperative introduced new loans such as Housing and Vehicle loans. The coop also is accepting savings deposits with a better interest than other commercial banks can offer.

From a mere table we moved on to an office at the second floor of MMC, free of charge for several years. Now, the MMCFCC owned a Condominium Unit at the 14th Floor, Medical Plaza Bldg., Makati City. This houses the new office of the cooperative.

MMCFCC is owned by the regular employees of MMC, MMC School of Nursing, members of the MMC Medical Staff their secretaries, regular employees of the Cooperative and former MMC employees categorized as Associate members. From the initial members of 64 in December 1992, it went up to 1,185 members as of December 2011.