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PIA Press Release

BCBMPC launches "Pinoy Coop ATM"

by Gil E. Miranda

Butuan City (4 March) -- The launching of its 'Pinoy Coop ATM" on February 23, 2010 at main branch in Magallanes, Agusan del Norte is another milestone for BCBMPC in finding better ways to serve and address the needs of its ARB and non-ARB members.

Hon. Congressman Edilmero A. Amante, District II Representative and RD Faisar Ali Mambuay, DAR CARAGA Regional Director with PARO II Andre B. Atega of DAR-Agusan del Norte cut the ribbon of the Pinoy Coop ATM of BCBMPC with the assistance of Mayor Carlito C. Cumba, Municipality of Carmen and Mr. Leopoldo Cabiad, in behalf of RD Manuela E. Pelaes of CDA ? Caraga Region.

"We are proud to announce that BCBMPC is now on its peak of their dreams being the only Agrarian Reform Beneficiaries Cooperative in CARAGA Region having an ATM project installed and operationalized", DAR Regional Director Faisar Mambuay said.

Meanwhile, PARO II Andre B. Atega congratulates BCBMPC for harvesting the yields on the impact of Comprehensive Agrarian Reform Program (CARP) in Agusan del Norte. He reiterated the spirit of unity, one of the reasons why the coop stands still over a decade.

The recently installed Pinoy Coop ATM is a dream come true to the members of BCBMPC through the effort of Chairman Jimmy L. Beray in partnership with Mindanao Alliance Self-help Societies ? Southern Philippines Education Cooperative Center (MASS-SPECC).

For his part, Mr. Jimmy L. Beray sincerely commended DAR Agusan del Norte through their European-funded Agrarian Reform Support Project (ARSP), granted a loan 13 years ago used to start a business.

At least 4,790 members stand to benefit from BCBMPC Pinoy Coop ATM comprising of five (5) branches located in Butuan City, Cabadbaran City, Buenavista and satellite office at Langihan, Butuan City.

The Pinoy Coop ATM has link 24 hours, 7 days a week to any Megalink and BancNet ATM Machines. BCBMPC members can now withdraw their loans using any ATM worldwide.

The BCBMPC is one of the cooperatives assisted by the Department of Agrarian Reform of Agusan del Norte in 1994 with 110 lowly-paid crab hunters and fishpond workers started from humble beginnings and now operated a bank-like-operation.

Now, the cooperative has grown to P79,043,404.14 total assets and seen to further expand its coverage to include Surigao del Norte soon. (Dar-Agusan del Norte/PIA-Caraga) [top]

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