Tagum Cooperative, one of the most reputable and fastest-growing cooperatives in the Philippines, is expanding its reach with the approval of two new branches in Cagayan de Oro and Iligan City. The cooperative’s board of directors recently gave the green light for the opening of these additional branches in 2022.
As of the end of 2022, Tagum Cooperative had a total of 28 branches, making it one of the largest cooperatives in the country. With the addition of the Cagayan de Oro and Iligan City branches, the cooperative will be able to serve even more members in the region and help improve their financial well-being.
Cagayan de Oro is a highly urbanized city in the northern coast of the island of Mindanao in the Philippines. According to the 2020 census, the city has a population of 728,402 people, making it the 11th most populous city in the country.
Cagayan de Oro is known as a hub for cooperatives in the Philippines. With its strong culture of cooperation and community-building, the city has become a home for many cooperatives across various industries. These cooperatives play an important role in promoting economic development and providing opportunities for locals to participate in a sustainable and inclusive economy. From agriculture to finance, cooperatives in Cagayan de Oro have been successful in empowering their members and contributing to the overall growth of the city’s economy.
Iligan is a highly urbanized city located in the Northern Mindanao region of the Philippines. According to the 2020 census, the city has a population of 363,115, making it the third most populous city in the region.
The city is known as the “Industrial Center of the South” due to its booming industrial economy. It is home to various large-scale industries, such as steel manufacturing, cement production, and hydroelectric power generation. These industries have attracted many migrants from other parts of the Philippines, contributing to the city’s diverse population.
Expanding its reach to Cagayan de Oro and Iligan City, Tagum Cooperative is set to provide more people access to its wide range of financial services, including savings and deposit accounts, loans, insurance, and investment products. As a cooperative, Tagum also provides financial education and training to help its members become more financially literate and make better financial decisions.
Through its growth and success, Tagum Cooperative has shown a strong commitment to its members and its mission to improve their financial well-being. With the addition of these new branches, more people in Cagayan de Oro and Iligan City can benefit from the cooperative’s services and contribute to the development of their respective communities.
The expansion of Tagum Cooperative not only brings convenience to its members but also contributes to the local economy by creating job opportunities and supporting local businesses. As the cooperative continues to grow and expand, it remains dedicated to serving its members and improving their financial futures.