July 28, 1961 formally marked the beginning of SDCC after twenty-eight (28) founding members approved its Article of Cooperation and Bylaws. However, it was not until September 8, 1961 when the Cooperative Administration Office (CAO) approved SDCC’s registration as a Credit Cooperative, becoming the first community-type credit union in the country.
It started in the hearts and minds of men and women who, even as students and young professionals, train their sights on things, community, and their attention on social matters. They organized community activities and regularly held discussions on politics, religion, and social issues. They formed groups or association to mobilize support and to work on a common objective. These activities gradually shaped a shared vision of a community that was able to meet their own needs and contribute to nation building.
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