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Weather Bureau Cooperative Celebrates 65th

When the Philippine Weather Bureau was undergoing rehabilitation due to the devastation wrought by the World War II, a core of enterprising weathermen established the Weather Bureau Employees Association (WBEA). The aims were, a) to promote brotherhood and unity among members; and b) to solicit from each member any form of assistance they can extend or give whenever one of their fellow members meets untimely death.
 
The same core of men that founded the WBEA, Casimiro del Rosario, Ricardo C. Cruz, Joaquin Gallego, Ruben de Castro, Angel Litonjua, Gelacio Tolentino, Felipe Arenas, Bonifacio dela Cruz, Jose A. Parilla, Segundo C. Alejo, Eliseo V. Bautista, Jose M. Reyes, Pedro Gallardo, Enrique Tayag and Agustin B. Lazo, organized a cooperative which was independent and separate from the WBEA. As the cooperative’s incorporators, they ratified on March 13, 1953 the Articles of Incorporation and By-laws of what they named as Weather Bureau Credit Union, Incorporated (WBCUI).
 
The Securities and Exchange Commission approved on May 21, 1953 the registration of the credit union as a non-stock cooperative association under the provisions of Commonwealth Act No. 565. While the Union did not have capital stock, the incorporators still certified that the “Credit Union is formed primarily to serve the needs of its members…”. The funds that were used for operations came from the membership fees collected at P1.00 per member and from the mandatory deposits of not less than P50.00 per member paid in cash or in installments.
 
A few years later, the WBCUI ceased to be registered with the SEC when all cooperatives had to register with the new agency for cooperatives – the Cooperatives Administration Office (CAO) – in accordance with Republic Act No. 2023. The name of the Weather Bureau Credit Union, Inc. became Weather Bureau Cooperative Credit Union, Incorporated (WBCCUI).
 
In 1973, pursuant to the provisions of Presidential Decree No. 175, the WBCCUI was yet again re-registered with the Bureau of Cooperatives Development (BCOD) and became known as the Weather Bureau Kilusang Bayan for Credit, Incorporated (WBKBCI).
Under Republic Act No. 6938, known as the Cooperative Code of the Philippines, the WBKBCI was again re-registered under a new name – the Weather Bureau Credit Cooperative (WBCC) – this time with the Cooperative Development Authority.
 
The Weather Bureau Credit Cooperative needs to grow with the needs of the community it serves. For the past few years there has been an advocacy focused on expanding the services of the Cooperative by converting it into a multi-purpose enterprise. The stage for a referendum was almost ready when Republic Act No. 9520, the Philippine Cooperative Code of 2008, was signed into law by President Gloria Arroyo on February 2009. The law became effective on March 2, 2009. 
 
In anticipation of its becoming a multi-purpose cooperative, a Manual of Operations had been crafted to be compatible with a new Weather Bureau Credit, Savings and Development Cooperative (WBCSDC).
 
Co-ops endeavor to raise their capacities and improve their services for the well-being of their communities. It is in this aspect that at every turn that a re-registration was necessary, the cooperative of PAGASA employees – bona fide and retired – took the opportunities of raising its standards of governance and increasing its services to be relevant to the needs of its members and the community linked with its affairs. The Weather Bureau Credit Cooperative maintains the spirit expressed by its founding fathers who declared: the “Credit Union is formed primarily to serve the needs of its members…”
 
The co-op joined the NATCCO Network in January 2018.  WBCSDC manages Assets worth P88 Million, belonging to its 860 members.
 

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