History

In pursuit of its 22 cooperators to find and implement efficient ways to enhance the finances of the employees of the CARD MRI, the CARD Employees Multi-Purpose Cooperative (CARD EMPC), formerly known as “Staff Mutual Fund (SMF)”, was registered to Cooperative Development Authority (CDA) and Bureau of Internal Revenue (BIR) on May 11, 2004 and September 7, 2005, respectively. CARD EMPC currently offers loan and health products that are exclusively provided to its members only who are all CARD MRI personnel.

The Cooperative derives its funds from the following sources: share capital, revolving capital, capital reserve, loan capital, and other sources of funds authorized by law.

Vision and Mission

Vision

Guided by and founded on the CARD MRI core values – competence, family spirit, integrity, stewardship, humility, excellence, and simplicity—CARD EMPC operates as a sustainable and respected locally-based employees’ cooperative serving its members and their families to becoming highly motivated professionals and individuals living in their best decent way of life.

Mission

CARD EMPC is committed to:

• Provide competitive products and services that are responsive to the increasing needs of its members;
• Operate sustainably to meet financial objectives while earning reasonable amount to support its projects and activities; and
• Provide educational and developmental programs for its members as a support to developing highly motivated professionals and individuals who are also continuously promoting welfare in the community.