San Miguel de Marilao Multipurpose Cooperative (SMMMPC) (formerly San Miguel de Marilao Credit Cooperative (SMMCC)), was conceptualized in March 1993 under the joint presevering efforts of then Parish Priest of St. and the ever supportive current active member Bro. Dominador "Domeng" Gonzales. On April 26, 1993, 22 cooperators were given pre-membership education seminar (PMES) at the Parish Conven
t by CDA representative Bro. Benefico "Benny" Blones, after which seminar was conducted, said cooperators have agreed to contribute each other equally the amount of P1,000.00 as initial share capital to form SMMMPC. On July 22, 1993, the same cooperators convened a meeting among themselves to elect the first set of Board of Directors. Then Bro. Pedro "Pete" C. Peña was unanimously chosen Chairman of the Board. During the said meeting, the Board agreed and resolved to charge P100.00 membership fee and a minimum P500.00 share capital for a new member who would want to join a San Miguel de Marilao Multipurpose Cooperative. On July 22, 1993, SMMMPC was registered with the Cooperative Development Authority (CDA) under Reg. PGA-1102. HAving accumulated sufficient capital at that time, the Cooperative started grating loans thrice the member's share capital. This encouraged more people to join in the Cooperative movement causing a dramatic increase in share capital structure. August 15, 1993, it conducted its first PMES wherein it was attended by 26 New more members. Since then and even now, San Miguel de Marilao Multipurpose Cooperative holds its pre-membership seminar every first Saturday of the month. At the end of 2011, SMMMPC has a total of 1,690 active members. Minimun share capital contribution per member is P2,000.00 to avail of loan product facility. From the time SMMMPC was organized in 1993, the following members were elected Charman of the Board, namely: Pedro C. Peña(deceased), Conrado R. Layug, Paulino F. Espiritu, Leandro R. Layug, and the incumbent Chairman Filemon C. Castro. Likewise, those who were appointed and served as General Manager in the same Cooperative included Rolando G. Francisco; Conchita J. Mecano; and Mariano A. Boton(2006-2013). In 2005, SMMMPC acquired a 560 sq.m. foreclosed lot property from PNB valued at P2.5M. In the ensuing year it constructed thereon a 2-storey designed commercial building on a phase-by-phase scheme. First floor was already completed in 2009 where its new and permanent office is located. Mezzanine floor is under lease contract and so with the other spaces at the first floor. Second floor is almost completed based upon a re-designed multipurpose function hall to generate additional revenue for the benefits of the members.
