Learn how LDSCC was created, the great people behind its operations and its Memorandum of Agreement About
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The cooperative was conceptualized through the initiative of Jovencio Ilagan in 1985.

Its operation started with a pool of voluntary funds from employees which is commonly known as “Paluwagan”.

They used the funds to purchase appliances for employees on a scheduled basis.

In 1987, the cooperative submitted registration requirements to Cooperative Development Authority (CDA) and Bureau of Internal Revenue (BIR) and was officially accredited and registered in June 11, 1991.

The first office was in Country Space Building in Makati City.

LDSCC BOARD, OFFICERS & COMMITTEES

March 2023 to Present

Raymond Vicente

Board Member

Marcelo Alido

LDSCC Chairman

Constancio Lim

Vice Chairman

Dennis Aloc

Board Member

Jim Nolasco

Board Member

Ofrecio Corpuz

Board Member

Alain Tagpuno

Board Member

Troy Manaligod

LDSCC Manager

Regino Pamittan

Treasurer

Jude Solidarios

Secretary

Roger Villapaz

Accountant

Arlene Mayo

Committee Member

Reneboy Ariola

Audit Chairman

Evangeline Boac

Committee Member

Darwin Dolorfino

Committee Member

Imelda Meneses

Election Chairman

Lovely Maasin

Committee Member

Rewell Beguas

Committee Member

Memorandum of agreement Please read the following terms and conditions properly. You hereby agree to abide by all existing rules and conditions of the LDS Credit Cooperative as follows: 1. To attend and finish the Cooperative’s prescribed pre-membership orientation

2. To comply with the provisions of the Articles of Incorporation and Bylaws, policies set by the Board of Directors and the General Assembly, as well as acts of duly constituted authorities

3. To pay the membership fee as determined by the Board of Directors Any gross violation of the existing LDS Credit Cooperative by-laws and provisions as mandated in the new Cooperative Development Authority law shall cause my membership expulsion in the cooperative. With full knowledge and understanding of my basic rights and obligations I signify my intent in joining the cooperative. 4. To subscribe shares starting and continuing monthly Share Capital or Fixed Deposit

5. To participate in the savings program monthly Savings Deposit deducted on a semi-monthly basis as my savings deposit and continue to increase my contribution as mandated under the Cooperative Law

6. To pay monthly "Unungan" contribution (damayan) as adjusted by the Board of Directors 7. To authorize my employer, the AREA PRES. CJCLDS PHILS. INC. to deduct from my monthly or semi-monthly salary the share capital subscription, savings deposits, loan amortizations if any, and other obligations mandated by the Cooperative by-laws and approved policies

8. To avail of the services offered by the Cooperative and patronize them as a good member should

9. To abide by all rules and conditions required to become and continue to be a member of
good standing