PACCI Celebrates Its 35th Annual General Assembly.

Today March 20, 2010 the Officials, Members and Friends of the Palompom Multi-purpose Credit Cooperative, Inc. otherwise known as PACCI, celebrates its 35th Annual General Assembly to be held at the Palompon Social Center. The affair started with a Holy Mass at 5:30 AM at the Roman Catholic church where we saw some employees and members of the Board headed by the BOD Chairman himself Mr. Regulus P. Diansay, Management Consultant Mr. Pete Omega, and Ms. Angelita Pajaron leading the  offering during the said mass.

PACCI have come a long way starting more than 35 years ago with a group of teachers and other interested friends who banded together to start an honest to goodness credit cooperative in this part of Northern Leyte.

From several hundred pesos starting capital PACCI had grown tremendously in the past several years to a multi-million peso credit cooperative serving several thousand people from Palompon and nearby towns of Northern Leyte.

Picture at left is the imposing three story PACCI building some rooms of which are rented to guest and out of town visitors. Available also is a dormitory type rooms were the rent is very much affordable whether you are a tourist or a local resident. 

Really, you can be proud of their achievement. But there are also times when you are afraid that the coop would go down the drain, when anomalies are being unearthed, like the non-payment of huge accounts. Sometimes, it was the employees themselves who are the cause of worries by management, when they don't deposit monies entrusted to them by friends. We'll, what is good news is that they can always recover and the problems given a deserved demise.

                      

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