On March 3, 1963 the late Rev Fr. Eugene Simon founded Panabo Parish Credit Union Inc., one of the pioneer cooperatives in the province of Davao del Norte together with 15 Parish Leaders with an initial share capital of P130.00. Today, PMPC has magnified its growth with total assets of P3.39B and member-users strength of 107,659 from 14 branches in Mindanao. It continues to serve and build its members up stimulated by its commitment to transform and uplift the socio-economic lives of members and communities it serves through its   innovative, relevant, and responsive financial and non-financial products and services.

PMPC operates and advocates the values of self-help, self-responsibility, democracy, equality, equity and solidarity.  In the tradition of its founders, cooperative members, officials and staff believe and practice the values of honesty, openness, social responsibility and caring for others and the community, following the time-tested cooperative principles.

PMPC serves more than 104,000 members and is steward of Assets worth more than Php 3 Billion.

PMPC is a leading affiliate of the National Confederation of Cooperatives  and MASS-SPECC, and a staunch supporter of COOP-NATCCO Partylist.