Online ATM Facility Opens Today at PACCI

Today July 28, 2010 is a milestone for PACCI officers and members with the opening of the first online Automated Teller Machine (ATM) facility ever of the cooperative organization located at the PACCI main building on Rizal St., Palompon, Leyte.

The celebration started with a motorcade/parade around town joined by members of the board headed by BOD Chair Regulus P. Diansay and BOD Vice-Chair Alejo E. Ramirez, Officers and staff headed by CEO Aljun R. Arpilleda, and some members. Immediately after the parade a thanksgiving mass was offered and officiated by Fr. Albert Opiniano, parish priest of the Saint Francis Xavier Parish after which a small but hearty salu-salo was  shared by those present.

The highlight of the celebration was the formal opening of the ATM machine where gifts were to be given to the first 60 clients who will avail of the ATM service on the said date.With the opening of the ATM service in the PACCI building, the Philippine National Bank ATM (which often times bog down due to the long lines of customers) would surely be given a respite since a big number of customers will be drawn away to the other ATM machine. 

Hereunder is the Financial Highlights of PACCI's operation as of 2009 as reported during their 35th Annual General Assembly last March 20, 2010 held at the Palompon Social Center, Palompon, Leyte,  . Total loan released during the year amounted to Php 29.30M while total assets at the close of 2009 was Php 98M or an increase of Php 15.51M from the previous years Php82.48M.


Revenue for 2009 was Php 16M from 2008's Php 22M or a decrease of Php 6M, while a big reversal in operating expenses was attained when expenses of Php 22M in 2008 was reduced to Php 15M or a big savings of Php 7M.   

Members will surely appreciate the efforts of management to be abreast of the times by installing this modern facility where even the lowly and illiterate (after some instructions, of course) can use the user friendly ATM machine. Some customers from PNB will surely be pulled away by PACCI to their new facility because of lower minimum and maintaining monthly balance being required from depositors.

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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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