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MSU-IIT NMPC Celebrates 40th Anniversary

ILIGAN CITY – The NATCCO Network’s more than 800 member cooperatives join MSU-IIT National Multi-Purpose Cooperative celebrates on January 18 its 40th Founding Anniversary.
 
In a video posted on the co-op’s Facebook page, CEO Emma Nieva told all the members: “On this 40th Anniverary of MSU-IIT NMPC, I pray that the co-op will be a vehicle for improved quality of life or all of us. Thank you for your continuing trust!”
 
Rhodora Englis, Chairperson, said: “Today is a historic and momentous event. It is a good time to look back to where our co-op started, where we are now and where we are going.  I congratulate the members who have trusted and supported our co-operatie for the last 40 years.  It is also a good time to appreciate the efforts of the many mn and women behind what our co-op has become.  We enjoin and encourage everyone to continue supporting and working for this co-op with all passion, dedication, and diligence as we face current realities and challenges for our survival in the next years.”
 
MSU-IIT National Multi-Purpose Cooperative (MSU-IIT NMPC), popularly known as IIT COOP, serves 70,000 members through 20 branches all over Mindanao.  
 
IIT COOP was established in 1978 with an initial deposit of Php 86.20 led by Prof. Edna E. Aberilla as founding Chairperson.
IIT Coop reached the million mark in 1986, and by 2002 was already a “Century Cooperative.”  But beyond money matters, the co-op endeavors:
 
Finance: To ensure the financial viability of the cooperative.
Market: To establish a strong market presence in strategic areas in the Philippines.
Products: To continuously develop and innovate products and services satisfying the changing needs of the members.
Workforce: To maintain a highly motivated and competent workforce.
Governance: To practice high ethical standards, operational efficiency and effectiveness in governance the cooperative.
Community: To develop sustainable outreach programs and linkages with other institutions.
 
IIT COOP is currently headed by the Chairperson of the Board of Directors, Dr.Rhodora S.N. Englis and Chief Executive Officer,Dr. Emma A. Nieva, CPA.
 
As of December 2016, IIT COOP manages Assets amounting to Php 1.53 Billion, Total Deposits of Php 840.3 Million, Total Share Capital of Php 415.25 Million and raked in Net Surplus of Php 37.6 Million.
 
www.msuiitcoop.org
 

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