Consolidated Cooperative Bank

Cooperative Bank of Misamis Oriental (CBMO) CBMO has been serving the cooperatives and its individual clients for 37 years. It was put up by 268 Samahang Nayon incorporators in 1979 with a modest capital of five-hundred seventy-six thousand pesos. Its dedication and commitment to achieving socio-economic development in Mindanao inspired CBMO to expand through the […]

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Consolidated Cooerative Bank, Inc https://upfinance.com/app/uploads/2019/08/Untitled-1-300x300.png
A. Luna Veles, provincial capitol, city of Cagayan de Oro,
856-1550, secretary@mccb.ph
Interest rate 0.5% - 1%
Loan tenure from 3 to 24 months
Approval duration Up to 5-12 hours
Min. monthly income โ‚ฑ

Cooperative Bank of Misamis Oriental (CBMO)

CBMO has been serving the cooperatives and its individual clients for 37 years. It was put up by 268 Samahang Nayon incorporators in 1979 with a modest capital of five-hundred seventy-six thousand pesos. Its dedication and commitment to achieving socio-economic development in Mindanao inspired CBMO to expand through the strategic locations of Misamis Oriental, Iligan City, Surigao City, General Santos, Tagum and Davao City. In 2016, CBMO has reached one billion pesos in total assets with over 400 Samahang Nayon incorporators. During this time, CBMO was known to be among the top 10 best performing cooperative banks in the country.
Cooperative Bank of Agusan Norte (COBAN)

The existence of the cooperatives organized to respond to the needs of the less privileged, who are affected by the socio-economic conditions of the city of Butuan and the province of Agusan del Norte. This triggered the formation of the Cooperative Bank of Agusan Norte โ€“ Butuan City in 1984. With the aim of helping the businesses and farmers on the countryside, the Cooperative Bank of Agusan Norte flourished from the initial capital of five hundred forty-six thousand to thirty-three million pesos of total assets with over 200 Samahang Nayon incorporators in 2016.

Bukidnon Cooperative Bank (BCB)

Aiming to engage in the business of credit to all types of cooperatives and members, BCB was organized in 1977 by the Samahang Nayon in Bukidnon. In 39 years of being the trusted cooperative bank in Bukidnon, its stockholders grew to more than three hundred cooperatives all throughout the province. It had launched five branch offices serving 20 municipalities and two cities in Bukidnon. BCB garnered various awards and citations in its commitment for the countryside development programs in the province.
With the goal of strengthening the cooperative banking sector, CBMO, BCB and COBAN signed a historic document to merge as Mindanao Consolidated Cooperative Bank on September 25, 2012. It was registered with the Cooperative Development Authority (CDA) on April 27, 2016 and was approved to operate as a cooperative bank by the Bangko Sentral ng Pilipinas on December 15, 2016.
Vision

We envision MCCB as a sustainable and competitive financial services provider that will bring about the desired development of its partners.

Mission

MCCB shall promote the socio-economic development of cooperatives and enhance the productivity of farmers, fishers, entrepreneurs, and other sectors by providing excellent financial and technical services.

Values

MCCB shall embrace the fundamental cooperative values of self-help, self-responsibility, democracy, equality, equity and solidarity in the conduct of its affairs.

MCCB shall run its business in accordance with the ethical values of honesty, openness, social responsibility and caring for others.

Leading

Ms. Myrna A. Sescon - President

Head Office

Credit

Salary
Minimum – depends on gross salary
Maximum – solvency

Monthly
maximum 3 years

Eligibility:
1 Year Employed
Regular Empoyee

Rate
Approval Time
14% – 20% 1 Day

Pension
Minimum – depends on full pension
Maximum – solvency

Monthly
maximum 3 years

Rate
Approval Time
14% – 20% 1 Day

Debet Card

Bank card can get anyone.
All you need is a bank account to get a debit card and an ATM card issued to you. This is much easier than applying for a credit card, as the debit card is simply tied to your bank account.

Account balance inquiry
You can check your account balance at an ATM. It is also possible to get a mini statement of your bank account.

Details of recent transactions
Through an ATM card, you can quickly get a mini-statement with information about the latest transactions in your bank account. Not only that, you can print this statement too.

Business loan

Agriculture
Depends on the deposit
Depends on income
No maximum loan
No minimum loan

Lump sum
Monthly
maximum 3 years

Rate
Approval Time
14% – 18% 1 – 5 Days

Small and medium enterprises
Depends on collateral
Depends on income
No maximum loan
No minimum
approval by the loan council for large loans

Requirements:
Application form
CI/BI-borrower and Financial Institution
Loan Amortization Schedule
Inspection and Evaluation Report
Picture of Collateral
Certified True Copy of Title
Cert. True Copy of Tax Declaration
Latest Tax Receipts and Tax Clearance
Approved Subd. Plan, Loc. and vicinity map
Latest ITR
Financial Statement
Business Permit/ Brgy. Business Permit
SEC-DTI Registration
Project Proposal(Simplified)
Latest Bank Statement(PCD and ATM)
Photocopy of Valid ID (1) โ€“ Both Spouses
2ร—2 ID Picture of Applicant (2pcs each)
TIN-Compulsory
Brgy. Clearance
Sketch of Residence

Payment Terms
The loan can be paid by months if you have the capacity to pay every 30 days. The maximum term is 5 year. This is due to the nature of the loan being borrow by large amounts.

Rate
Approval Time
14% – 18% 1 – 5 Days

Loan Installment

Jewelry Loan
Depends on rating
90% of the estimated value
30 days renewalย  2%

There is no required documents since the loan is already secured by the collateral

Rate
Approval Time
2% 1 Day

Contacts

Full company name Consolidated Cooerative Bank, Inc
Address A. Luna Veles, provincial capitol, city of Cagayan de Oro,
Phone number 856-1550
E-mail secretary@mccb.ph
Social networks

User rating

Reviews

4 months ago

Fast Growing Bank

this has grown to become the largest Bank and is aiming to be part of the big five banks in the next few years. As a bank, they have grown in quantum leap considering that they have been in this business for less than 20 years.

4 months ago

A Good Bank

lt is largest bank. Here all the banking needs of the customers are fulfilled according to requirement. Working environment is very good. Bank cares about its employees in all aspects. Its management is very supportive in all matters especially in administrative and IT issues.