Updated July 31, 2023
CONTENTS:
. Top 10 Cooperative Banks in the Philippines
. List of 22 cooperative banks in the Philippines
. What are cooperative banks?
. Functions of cooperative banks
. Are Cooperative Banks required to register with the Cooperative Development Authority (CDA)?
Here are the Top 10 Cooperative Banks in the Philippines, based on Total Assets as of March 2023
| Rank | Cooperative Bank | Total Assets |
| 1 | First Isabela Coop Bank (FicoBank) | 4.7 Billion |
| 2 | One Cooperative Bank*** | |
| 3 | Coop Bank of Cotabato | 3.1 Billion |
| 4 | Ilocos Consolidated Cooperative Bank | 2.5 Billion |
| 5 | Mindanao Consolidated Cooperative Bank | 2.5 Billion |
| 6 | Consolidated Cooperative Bank | 1.7 Billion |
| 7 | Coop Bank of Benguet (CBB) | 1.1 Billion |
| 8 | Coop Bank of Quezon Province | 1.0 Billion |
| 9 | Coop Bank of Palawan | 905 Million |
| 10 | Cooperative Bank of Nueva Vizcaya | 778 Million |
| 11 | Network Consolidated Coop Bank | 726 Million |
| 12 | Coop Bank of Cagayan | 609 Million |
| 13 | Cooperative Bank of Bohol | 588 Million |
***One Cooperative Bank (One CB) is the new name of the cooperative bank that arose from the consolidation of Metro South Cooperative Bank, Consolidated Cooperative Bank and Bataan Cooperative Bank on January 25, 2023. Metro South Cooperative Bank and Consolidated Cooperative Bank were No. 2 and No. 6, respectively, in asset ranking as of December 2022. One CB started operations on February 27, 2023.
Circular Letter No. CL-2023-019
Let’s see in the next asset ranking if One Cooperative Bank will surpass FicoBank to become the No. 1 cooperative bank in the Philippines by assets.
Here’s a List of Cooperative Banks in the Philippines:
There are 22 cooperative banks in the Philippines as of July 2023.
Banco Cooperative De Zamboanga
MCLL Highway corner Veterans Ave
Sta. Cruz, Zamboanga City
No. of Offices: 1
Phone: (062) 990-2839
Fax: (062) 991-1204
Email: bcdz32@yahoo.com
Chairman: Mr. Antonio C. Clarito
Cooperative Bank of Benguet (CBB)
JC 225 Central Pico, Km 5
La Trinidad, Benguet 2601
No. of Offices: 4
Phones: (074) 422-2626 / (074) 422-1268
Fax: (074) 422-1849
Email: cbbenguet_doly128@yahoo.com
coopbankbenguet@yahoo.com
Website: www.cbbenguet.com
General Manager: Mr. Shack Rhee R. Olay
Cooperative Bank of Bohol
0126 C.P.G. East Ave
Brgy. Poblacion 1, Tagbilaran City 6300
No. of Offices: 3
Phones: (038) 411-3483 | (038) 411-3475
Email: cooperativebank_bohol@yahoo.com | cooprbbohol@rbap.org
President: Ms. Juvie D. Calacat
Cooperative Bank of Cagayan
Diversion Road, San Gabriel
Tuguegarao City, Cagayan
No. of Offices: 6
Phone: (078) 844-3432
Email: cooprbcagayan@rbap.org
President and CEO: Atty. Robin James A. Gunnacao
Cooperative Bank of Cebu
M. Velez St.
Guadalupe, Cebu City 6000
No. of Offices: 4
Phone: (032) 254-9547
Fax: (032) 254-9547
Email: coopbankofcebu@gmail.com
General Manager: Ms. Dahlia M. Rejuso
Cooperative Bank of Cotabato
CBC Bldg. 1, Lanao
Kidapawan City, North Cotabato 9400
No. of Offices: 12
Phones: (064) 572-3264
Fax: (064) 288-1220
Email: coopbankcotabato@rbap.org
President: Mr. Rolly R. Dela Cruz
Cooperative Bank of La Union
CBLU Bldg., National Highway
Sta. Barbara, Agoo, La Union
No. of Offices: 1
Phone: (072) 521-0006 | 710-0655
Fax: (072) 710-0655
Email: coopbanklaunion@rbap.org | rchan4me@yahoo.com
General Manager: Ms. Marianne P. Gali
Cooperative Bank of Mt. Province
Cor. Loc-ong st., 1st floor, CBMP Bldg. Road Level
Poblacion, Bontoc, 2616 Mountain Province
No. of Offices: 1
Phone: (074) 633-1006
Email: coopbankbontoc@rbap.org
Officer-In-Charge: Ms. Jovelyn Dawn F. Ofo-ob
Cooperative Bank of Negros Oriental
CBNO Bldg., Libertad St.
6200 Dumaguete City
No. of Offices: 3
Phone: (035)225-1708 | (035)422-6931 0917-156-1303
Email: negrosorientalcb@rbap.org
General Manager: Mr. Reynaldo B. Gomez
Cooperative Bank of Nueva Vizcaya
Burgos cor Gaddang Sts.
Quirino, Solano, Nueva Vizcaya
No. of Offices: 5
Phone: (078) 326-7658
Fax: (078) 326-7658
Email: coopnuevavizcaya@rbap.org | gm@coopbanknuevavizcaya.com
General Manager/Concurrent President: Ms. Marissa Q. Pinkihan
Cooperative Bank of Palawan
CBP Bldg. Junction I, National Highway
Brgy. San Miguel, Puerto Princesa City, 5300 Palawan
No. of Offices: 7
Phone: (048)-434-4492 (048)-434-9505 (+63)929-3651-182
Fax: (048) 434-4492
Email: emilymondero@yahoo.com coopbank@cbp.com.ph cbpcomplianceofficer@gmail.com
Website: www.cbp.com.ph
Chief Executive Officer: Ms. Emily C. Mondero
Cooperative Bank of Quezon Province
Granja cor. L. Guinto Sts.
Lucena City, Quezon
No. of Offices: 9
Phone: (042) 373-5103 | (042) 660-5132
Fax: (042) 660-1507
Email: pres_masurquia@cbqp.com.ph
Website: www.cbqp.com.ph
Acting-President: Ms. Milagros A. Surquia
Cooperative Bank of Zambales
Rizal Ave. corner Gomez St. Zone II
Iba, Zambales 2201
No. of Offices: 1
Phone: (047) 811-7316 | (047) 602-1890
Fax: (047) 602-1890
Email: coopbankzambales@yahoo.com.ph
coopbankzambales@rbap.org
Manager: Ms. Vennice F. Abangan
First Isabela Cooperative Bank, Inc. (Ficobank)
Minante I, Cauayan City Public Mkt
Cauayan City
(Executive Address: 2nd Floor, FICO Bank Corporate Center
Minante 1, Cauayan City, 3305 Isabela)
No. of Offices: 37
Phones: (078) 307-0051 | (078) 307-2675
Fax: (078) 307-3364
Email: ficobank@rbap.org oop@ficobank.com
Website: www.ficobank.com
President: Atty. Hubert E. Molina
Ilocos Consolidated Cooperative Bank
ISCB Bldg., National Highway
Bagani Camposanto, Candon, 2710 Ilocos Sur
No. of Offices: 14
Phone: (077) 674-0357
Fax: (077) 674-0357
Email: rubenrhabon@yahoo.com.ph
President: Mr. Ruben R. Habon
Mindanao Consolidated Cooperative Bank
MCCB Bldg., Provincial Capitol Compound
9000 Cagayan de Oro City
No. of Offices: 21
Phone: (088) 856-1550
Fax: (088) 858-3206
Email: coopbankmisor@rbap.org | mccb.headoffice@gmail.com
President: Ms. Myrna A. Sescon
National Teachers & Employees Cooperative Bank
Cor. M. J. Cuenco and Juan Luna Avenues
Mabolo, Cebu City 6000
No. of Offices: 5
Phone: (032) 234-1817 | (032) 2341819 | (032) 415-9830
Email: ntecoopbank@rbap.org | cataquisjrp@yahoo.com
President: Mr. Jose Raul P. Cataquis
Negros Cooperative Bank
North Capitol Road, Bacolod City
6100 Negros Occidental
No. of Offices: 1
Phone: (034) 433-1993 | (034) 709-0132
Email: negcobnk@yahoo.com | pmtongson@yahoo.com
Chairman of the Boardand CEO: Mr. Nestor R. Bayona
Network Consolidated Cooperative Bank
160 Katipunan Avenue
St. Ignatius Village, 1110 Quezon City
No. of Offices: 9
Phone: (02) 364-6514 | (02) 364-3756
Email: nccbkatipunan@gmail.com | ceo@nccbank.coop
Website: www.nccbphilippines.coop
President and CEO: Mr. Raul M. Calayan, Jr.
Occidental Mindoro Cooperative Bank (OMCB)
615 Lapu-Lapu St., San Jose
Occidental Mindoro
No. of Offices: 4
Phone: (043) 491-4303
Fax: (043) 491-4303
Email: coopbank1998@yahoo.com
General Manager: Ms. Cherry Lyn V. Mendoza
One Cooperative Bank (One CB)
IDC Centre, Zapote St. Cor Kalayaan Ave.
Brgy. Sta. Cruz, Makati City 1205
No. of Offices: 13
Phone: (02) 897-9046 ; 897-9054
Fax: (02) 897-1400; 897-6600
Email: iamanipula@metrosouthcoopbank.com
President: Mr. Ignacio A. Manipula
Zamboanga Del Norte Cooperative Bank
Quezon Avenue, Barangay Miputak
Dipolog City, Zamboanga del Norte
No. of Offices: 4
Phone: (065) 212-7806 | (065) 212-6210
Fax: (065) 212-6211
Email: zn_cooperative_bank@yahoo.com
President: Mr. Ramer P. Baje
Source: Bangko Sentral ng Pilipinas
Below are the 3 cooperative banks which consolidated their operations in January 2023 to form One Cooperative Bank (One CB).
Bataan Cooperative Bank
Ground Floor, Leonida Building
Capitol Drive, San Jose
Balanga City, Bataan
No. of Offices: 2
Phones: (047) 791-4715; 791-3451; 237-1934
Fax: 237-1934
Email: theresaperez_bcb@yahoo.com / diditharanas_bcb@yahoo.com
General Manager /Officer-in-Charge: Ms. Ma. Theresa D. Perez
Consolidated Cooperative Bank
CBDS Building, Ramon Magsaysay St
Barangay Zone 3, Digos City, Davao del Sur
No. of Offices: 12
Phone: (082) 237-0174
Fax: (082) 272-1264
Email: compliance@consolidatedcooperativebank.com
president@consolidatedcooperativebank.com
cooprbdavaodelsur@rbap.org
President: Ms. Jocelyn G. Leaño
Metro South Cooperative Bank
IDC Centre, Zapote Street Corner Kalayaan Ave.
Brgy. Sta. Cruz, 1205 Makati City
No. of Offices: 1
Phone: (02) 897-9046 | (02) 897-9054
Fax: (02) 897-1400; 897-6600 iamanipula@metrosouthcoopbank.com
President: Mr. Ignacio A. Manipula
What’s the Difference between Rural Banks and Cooperative Banks?
What are Cooperative Banks in the Philippines?
Cooperative Banks provide banking, financial and credit services mainly to cooperatives and their members. They may also provide services to non-members, but their focus is on cooperatives and members.
Sometimes they’re also called Cooperative Rural Banks because they’re authorized to provide all services offered by rural banks. They can do the following:
- Grant loans to farmers, fishermen, farm families, cooperatives, merchants, and private and public employees
- Accept savings and time deposits
- Act as correspondent of other financial institutions
- Rediscount paper with the LBP, DBP or any other bank, including bank branches and agencies
- Act as collection agent
- Acquire readily marketable bonds and other debt securities
- Buy and sell foreign exchange
- Offer other banking services as provided in Section 53 of RA No. 8791 (The General Banking Law of 2000):
- Rent out safety deposit boxes
- Receive in custody funds, documents and valuable objects
- Make collections and payments for the account of others and perform other banking services for their customers
- Act as financial agent and buy and sell, by order of and for the account of their customers, shares, evidences of indebtedness and all types of securities
- With prior approval by the Monetary Board, act as managing agent, adviser, consultant or administrator of investment management/advisory/consultancy accounts
Functions of Cooperative Banks in the Philippines, according to RA 6938 (Cooperative Code)
- Provide banking and credit services to cooperatives
- Manage savings of its members for the benefit of cooperatives
- Issue negotiable instruments to facilitate the activities of cooperatives
- Discount bills and promissory notes issued and drawn by cooperatives
- Borrow money from banks and other financial institutions within the limit prescribed by the BSP
- Receive financial aid or loans from the Government and the BSP for and in behalf of cooperative banks and primary cooperatives and their federations engaged in business and to supervise the lending and collection of loans
- Act as a balancing medium for the surplus funds of cooperatives and their federations
- Issue debentures subject to the approval of and under conditions and guarantees as prescribed by the Government
- Carry out all other functions as prescribed by appropriate authorities, with banking functions subject to prior approval by the BSP.
Are Cooperative Banks required to register with the Cooperative Development Authority (CDA)?
Yes. As mandated by RA 9520 known as Philippine Cooperative Code of 2008 and RA 11364, a cooperative bank shall register with the Cooperative Development Authority (CDA), which is a government agency, after it has obtained its Certificate of Authority from the BSP to operate as a cooperative bank.
RA 9520 also declares that only one cooperative bank may be established in a province. An additional cooperative bank is allowed only in the same province if the economic conditions of the province warrant an additional cooperative bank, as may be determined by the BSP. This additional cooperative bank shall be established in a different town, not in the city or municipality where the first cooperative bank is located.
It’s the BSP, however, that has the authority to supervise the operations of cooperative banks and to make sure that cooperative banks are complying with Philippine banking laws.
References:
RA No. 9520. An Act Amending the Cooperative Code of the Philippines to be known as The Philippine Cooperative Code of 2008. https://cda.gov.ph/issuances/republic-act-9520/
RA No. 11364. An Act Reorganizing and Strengthening the Cooperative Development Authority, repealing for the purpose RA 6939, creating the Cooperative Development Authority
https://www.officialgazette.gov.ph/2019/08/08/republic-act-no-11364/
Bangko Sentral ng Pilipinas. Directories and Banking Financial Statements https://www.bsp.gov.ph/SitePages/Statistics/Statistics.aspx