Our Story
Oro Integrated Cooperative (OIC) is an open-type primary coop that has been serving its members for over 58 years. Ranking among the country’s leading cooperatives, OIC now serves over 220,397 members across its 22 branches strategically located in key areas of Mindanao and Visayas. The cooperative is owned and governed by its members from all walks of life through its board of directors.
A Cooperative Borne Out of an Absolute Zeal for Radical Change
Oro Integrated Cooperative was conceived by Atty. Mordino “Mordz” Cua. He dreamt of a cooperative that would provide financial self-sufficiency and economic independence to its members and the community. This dream materialized when he united 27 other individuals who strongly believed in the cooperative idea. With a modest startup capital of 88 pesos, they formed Oro Credit Union on March 5, 1966, serving as the first set of officers and managers. The name was changed to Oro Integrated Cooperative in 1991 and has since become known as OIC.
A Name of Encompassing Eminence
OIC has become a household name, delivering quality and tailor-fit products and services to fulfill its mission. Over the years, members have shared stories of achievements and overcoming challenges with the help of OIC. These success stories have helped build OIC’s stature in the hearts of its members and the community. The trust and respect from various stakeholders are evidenced by numerous awards and citations from reputable bodies recognizing OIC’s exemplary performance, good governance, and commitment to service.
Throughout its existence, OIC has amassed top distinctions, including being awarded one of the most outstanding cooperatives by the Cooperative Development Authority’s Gawad Parangal in 2012, 2013, and 2014. In 2019, OIC received the Most Outstanding Service Cooperative Award during the 8th Mindanao Business Leaders and Entrepreneur Awards held in Cagayan de Oro City. In 2021, OIC was honored with the prestigious Villar Sipag Award for Outstanding Social Enterprise for Poverty Reduction for Region 10, recognizing its outstanding achievements and contributions to improving the lives of Filipinos.
Tailor-made Products and Services
OIC offers a wide array of products and services tailored to the needs of its members; from investments, savings, loans, insurance, as well as its recently launched online services. OIC is also the first cooperative in the Philippines to offer ATM Services.
Prompted by the adverse economic impact brought about by the pandemic, OIC’s commitment to continually serve its members and the community reinforced the need for Online Services.
OIC launched its Online Services in July of 2020. It is an adapted system that caters to online transactions through two channels: Google forms, which accepts OIC Debit Transfers and Express Loan applications; and the new services offered by OIC’s official website, www.orointegrated.coop – the Online Membership application menu, and a shop menu for investment, savings and loans payment, and insurances.
Oro Integrated Cooperative reintroduces Online Membership Application allowing everyone to experience its services and opportunities anywhere in the country and abroad, specifically for our Overseas Filipino Workers, without having to personally visit OIC’s branch offices. This aims at expanding OIC’s reach.
In 2021, The Integrated Wealth Building Program (IWBP) was developed as a response to the prevalent issues and challenges on financial literacy in OIC, in the cooperative movement, and even in the Philippine context in general. The IWBP enables the employees, officers, and members to be financially educated, guided by financial advisors to be resilient by having an emergency fund and investment as well.
In the same year, the Kabayani Wealth Building Program (KWBP) was launched as a joint collaboration between Oro Integrated Cooperative (OIC) and Sta. Catalina Credit Cooperative (SCC). OIC and SCC, being in the business of savings and credit, assist the OFs and OF families in the realization of their financial goals through savings and financial literacy training.
The KWBP aims to provide Overseas Filipinos (OFs) a long-term savings investment intended to support the plans and dreams that OFs aspire to reach.
The Cluster of Mighty Branches
Since the humble beginning of its very first office in Cagayan de Oro City, OIC is now settled in several buildings. OIC ventured on dynamic expansion pursuits and is currently operating in cleverly dispersed branches in Cagayan de Oro (6), Bukidnon (7), Misamis Oriental (3), Bohol (3), CARAGA (1), and Davao Region (2).