{"id":202,"date":"2017-10-02T02:30:27","date_gmt":"2017-10-02T02:30:27","guid":{"rendered":"https:\/\/smccoop.ph\/\/?page_id=202"},"modified":"2025-03-25T04:58:38","modified_gmt":"2025-03-25T04:58:38","slug":"corporate-responsibility","status":"publish","type":"page","link":"https:\/\/smccoop.ph\/index.php\/about-company\/corporate-responsibility\/","title":{"rendered":"Glimpse of History"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;75&#8243; img_size=&#8221;1280&#215;500&#8243;][vc_empty_space height=&#8221;50px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;SMC CEMPC<br \/>\nGlimpse of History&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;fadeInDown&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css_animation=&#8221;fadeInLeft&#8221; css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">During the start of the business operations in Mandaue Complex in 1968, a regular employee was entitled only to the benefit of company hospital loan for his immediate dependents. Other loans such as house repair, educational and car loan were not yet extended.<\/p>\n<ul>\n<li><strong>Name of Cooperative: <\/strong>SMC Community and Employees Multipurpose Cooperative<\/li>\n<li><strong>Registration No.<\/strong>: 9520-07013901<\/li>\n<li><strong>TIN :<\/strong> 206-279-323-000<\/li>\n<li><strong>Address:<\/strong> Unit #3 Entienza Bldg, M.C. Briones St., Hi-way, Bakilid, Mandaue City, Cebu<\/li>\n<li><strong>Contact No.<\/strong> : Mobile 0917-7730365\/(032)2362655<\/li>\n<li><strong>E-mail<\/strong>: <a href=\"mailto:smcmecc@yahoo.com\/smcmecc@gmail.com\">smcmecc@yahoo.com\/smcmecc@gmail.com<\/a><\/li>\n<li><strong>Cooperative Type<\/strong>: Credit, Consumer, Marketing<\/li>\n<li><strong>Asset Classification<\/strong>: Large<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;1970&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">A group of ten (10) aggressive San Miguel employees based in Mandaue initiated a meeting to form a cooperative. Mr. Gelacio T. Jumao-as, Finance head Feneral Services Department (GSD) Mandaue Complex presided the meeting.Employees of Mandaue Brewery plant joined the credit union spearheaded by Victor Caro. Pre Membership Trainings were held under the Caimito Tree at Cebu Magnolia Warehouse.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;October, 1972&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Organization date and the cooperative name was SMC-MGSCUI. 50 employees from Mandaue General Services (MGS) and Beer Marketing Division (BMD were enlisted as charter members after the launching.Registered with the Bureau of Agriculture and Cooperative Development Authority as SMC-MGS Cooperative Credit Union, Inc. Initial Capital was 100,000. Later that year the name was changed to SMC-MGS Employees Cooperative Credit Union, Inc.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;March 1980&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Mr. Gelacio T. Jumao-as, managed the coop for eight (8) years since its inception. At the end of his term, total fixed deposit is more or less P300,000 which he turned over to the next chairman, Mr. Manuel Flores.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;January 1989&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">The first quarter newsletter named \u201cKasulbaran\u201d was issued. With the growing awareness of employees more coop members were active and so committees were create to effectively govern the cooperative.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;September 1991&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">The cooperatives amended it\u2019s name in the Articles of Cooperation and By-Laws to SMC MANDAUE EMPLOYEES CREDIT COOPERATIVE. Fixed Deposit balance of existing members amounted to P16,306,989.13<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;January 1992&#8243; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">SMC initiated the \u201cright sizing program\u201d. 488 members have withdrawn after availing the SMC offer. To augment the cooperatives source of income, projects like poultry raising and drugstore were planned. From 1,350 the number of member was reduced to 856 at year end.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;75&#8243; img_size=&#8221;1280&#215;500&#8243;][vc_empty_space height=&#8221;50px&#8221;][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;SMC CEMPC Glimpse of History&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;fadeInDown&#8221; css=&#8221;&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text css_animation=&#8221;fadeInLeft&#8221; css=&#8221;&#8221;] During the start of the business operations in Mandaue Complex in 1968, a regular employee was entitled only to the benefit of company hospital loan for his immediate dependents. Other loans such as house repair, educational and car [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-202","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":56,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/202\/revisions"}],"predecessor-version":[{"id":1989,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/202\/revisions\/1989"}],"up":[{"embeddable":true,"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/pages\/2"}],"wp:attachment":[{"href":"https:\/\/smccoop.ph\/index.php\/wp-json\/wp\/v2\/media?parent=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}