Rosario, Malolos, Bulacan conceptualized the formation of a local bank. With the assistance of San Dionisio Credit Cooperative in Parañaque, Rizal, Sabitan Cooperative Credit Union was formed with an initial capital of P741.00. In 1975, this cooperative was again registered in the Bureau of Cooperatives under the name, Sto. Rosario Credit Cooperative, Inc. In 2002, the cooperative name was amended into Sto. Rosario Credit and Development Cooperative (SRCDC) with its aim to engage into other businesses aside from lending. With more than 50 years of service, the cooperative now proudly boasts more than 20,000 membership and about P400 million of assets. It has received a number of awards and recognition from the government. It was voted one of the Most Outstanding Cooperatives in the Philippines in 1993 and was adjudged Hall of Famer among cooperatives in Bulacan. Obviously, credit forms majority of its services. Various types of loan include Regular, Special, Commodity, Character, Rice, LPG, Short-term Special, Memorial Lot Loan, Housing and Lot Loan. The cooperative also gets its income from office space rentals. Minor services of SRCDC include the Alalay sa Kalusugan Program, Abuluyan sa Koop, Scholarship, Medical Services and many more. We have developed a subdivision named SRCDC Heights Subdivision. We are serving the residents of Bulacan from all walks of life: fisherfolks, market vendors, professionals, farmers, students, laborers, self-employed, individual businessmen and overseas Filipino workers. We have four (4) offices at present.
