San Miguel de Marilao Multi-Purpose Cooperative (SMMMPC) formerly San Miguel de Marilao Credit Cooperative (SMMCC), was conceptualized in March 1993 under the joint persevering efforts of then Parish Priest of St. Michael the Archangel Rev. Fr. Mariano S. Sanchez, Jr. and the ever supportive current active member Bro. Dominador “Domeng” Gonzales. On April 26, 1993, 22 cooperators were given pre-membership education seminar (PMES) at the Parish Convent by CDA Representative Bro. Benefico “Benny” Blones, after which seminar was conducted, said cooperators have agreed to contribute each other equally the amount of P1,000.00 as initial share-capital to form SMMMPC.
On July 20, 1993, the same cooperators convened a meeting among themselves to elect the first set of Board of Directors. Then, Bro. Pedro “Pete” C. Peña was unanimously chosen Chairman of the Board. During the said meeting, the directors agreed and resolved to charge P100.00 membership fee and a minimum P500.00 share capital for a new member who would want to join SMMMPC.
On July 22, 1993, SMMMPC was registered with the Cooperative Development Authority (CDA) under Reg. No. PGA-1102. Having accumulated sufficient capital at that time, the cooperative started granting loans thrice the member’s share capital.
This encouraged more people to join in the Cooperative movement causing a dramatic increase in share capital structure. August 15, 1993, its conducted its first PMES wherein it was attended by 26 new members. Since then and even now, San Miguel de Marilao Multi-Purpose Cooperative hold its PMES every first Saturday of the month. At the end of 2011, SMMMPC has a total of 1,690 active members. Minimum share capital contribution per member is P2,000.00 to avail loan product facility.
From the time SMMMPC was organized in 1993, the following members were elected Chairman of the Board, namely: Pedro C. Peña deceased , Conrado R. Layug, Paulino F. Espiritu deceased, Leandro R. Layug, Filemon C. Castro and incumbent Chairman Paulino F. Espiritu. Likewise, those who were appointed and served as General Manager in the Cooperative include Rolando G. Francisco (1993-2001), Conchita V. Mecano (2002-2005), Mariano A. Boton (2006-2016), Rosario M. Almario (2017-present), to whom SMMMPC owes so much for his contribution in writing the Cooperative’s Manual of Operations and Policies.
In 2005, SMMMPC acquired a 560 sqm. foreclosed lot property from PNB valued at P2.5M. In the ensuing year it constructed thereon a 2-storey designed commercial building as an activity and development center in town. First floor was already completed in 2009 where its new and permanent office is located. Mezzanine floor is being used by members for livelihood program and so with the other spaces at the first floor. Second floor San Miguel de Marilao Pavilion with balcony is being used also by members as multi-purpose function hall for different events to generate additional revenue for SMMMPC.
