Credit Committee

The Credit Committee (CreCom) shall be composed of three (3) members to be appointed by the BOD. Within ten (10) days after appointment, they shall elect from among themselves a Chairperson, Vice-Chairperson, and a Secretary who shall serve for the term of one (1) or until their successors shall be appointed and qualified without prejudice to their reappointment. No member of the committee shall hold any other position in the cooperative during his/her term of office.

Credit Committee
  1. Assist the BOD in the formulation of sound lending and collection policies systems and procedures;
  2. Be responsible for the credit management of the coop.
  3. Process, evaluate and act upon loan applications and withdrawal of deposits, except when the applicant is a member of the committee, in which case, the application shall be acted upon by the BOD; and exercise general supervision including collection over loans to members; and
  4. Responsible for the formulation and conduct of financial and credit risk management training program.


Palayan City Employees Cooperative was established in March 1993. The cooperative had 53 initial members coming from the local government of Palayan City. It had implemented short term loans for its members to increase its capital. Moreover, the cooperative put up a variety store to intensify its revenue. Similarly, the cooperative was able to construct its own canteen located at Palayan City Hall compound due to the growth of its capital. The cooperative managed to attract 308 employees in 2003 because of its continuous achievements and robust organization.

Today, the cooperative firmly believes that it is their oath to safeguard the interest of its members. Likewise, it is their obligation to extended their assistance to the community.


The cooperative these days offer 3 kinds of services; rental of function hall, canteen & catering services and grocery.

Its function hall entices authorities and experts. Its professional ambiance lures potential customers. Furthermore, sumptuous food of the cooperative seduces clients. As a result, more customers avail of this type of service. Likewise, the cooperative’s grocery offers a variety of goods and basic commodities.

Contact Us

The cooperative is always open for everyone. Besides, it is our intention to provide you the greatest pleasure you deserve. Please, do not hesitate in contacting us. Furthermore, you are all welcome in the cooperative.

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