About DAMUCO

There is strength is Cooperatives. Let us join the movement.

Vision

Empowerment and Excellence, the Cooperative Way

To be a responsive and stable cooperative in Mindanao providing opportunities to members in the exercise of their profession, entrepreneurship, professional growth, assistance for personal needs, rendering quality services as well as contributing to the welfare of the community

Core Values

Determined
Accountable
Model
United
Concerned
Empowered
Organized
Stable
Excellent
Responsive
Vibrant
Service Oriented

Goals

1. To be an active player in the community development and cooperative movement.
2. To delight member-customers with high quality financial services and benefits.
3. To increase members by 100%.
4. To be a pro-active partner of PICPA in professional development.
5. To engage in other viable business activities.
6. To develop members, officers, committees, and staff though continuing educational program.
7. To establish and implement sound internal control systems and improve service delivery.
8. To acquire land for future building site.

A Brief History

One of the projects of Mrs. Nelia E. Tumarao, then President of PICPA – Davao Chapter in 1991 was to organize a cooperative for Certified Public Accountants (CPAs). The dream realized when finally on August 21, 1991, the Davao Accountants’ Integrated Credit Cooperative was registered with the Cooperative Development Authority (CDA) with Reg. No. BN-445-DVO, thus the first cooperative for accountants in the Philippines was established with an authorized capital stock of P336,000.00.

1994

The amended Articles of Cooperation

The amended Articles of Cooperation was approved by CDA in November 14, 1994 amending the name from DAICC to Davao Accountants Multipurpose Cooperative (DAMUCO) and authorized capital to P3 Million. The cooperative was organized for the following primary purposes and objectives, to wit: a. to create or generate funds and grant loans to its members for production and providential purposes; b. to engage in beach resort business, catering services, merchandising, marketing, distribution of consumer goods and subdivision project development, all for the benefit of the cooperative members.

2001

CDA approved the amended authorized capital stock

On May 30, 2001, CDA approved the amended authorized capital stock to P12,472,400. In 2009, membership to DAMUCO was opened not only to CPAs but also to immediate family members of regular members who meet set qualification requirements as associate members. In April 2011, the amended Articles of Cooperation was approved increasing the authorized capital share to P15 million.

2021

DAMUCO is over P15 million in Equity

As of December 31, 2021, after 30 years of operations, DAMUCO is over P15 million in Equity, P18 million in Assets and a loan portfolio of over P7.3 million.