Experience Fairchild Cooperative in Cebu
An institution founded by the employees of Fairchild, A Schlumberger company now Fairchild Semi conductor Philippines Inc.
The Cooperative was formed primarily to provide lending and other services that would uplift the quality of life of its shareholders and benefit the community.It started from a meager $5,730 paid-up share capital infused by the company with only 40 members as Incorporators and registered with the Department of Agriculture, Region VII in September 18, 1981 under the name of Fairchild Employees Multi Purpose Coop.During the first 3 years of operation, the thrust was more of savings and the only available lending portfolio was the regular loan. The 1st chairman of the Board of Directors was Mr. Villamor Torres and the office was located inside the premises of the company and manned by 2 staff.
In September 1991, the cooperative was re-registered with the Cooperative Development Authority under the name of National Employees Multi Purpose cooperative which by then Fairchild was also acquired by National Semiconductor company.
After 20 years since date of registration , the term expired in 2001 and registered in October 7, 2004 as Fairchild Cebu Community Credit Cooperative (F4C).In 2005 attained the P100M asset and introduce various products and services resulting to accelerated growth of the cooperative.
PROJECTS OF FAIRCHILD