IN THE second decade of Samulco, the cooperative’s direction was centered on sustaining gains, strengthening the system.
Recognizing that the coop’s stability and sustainability rely not just on its large financial capital but on the commitment of its leaders and members, Samulco vowed to provide only efficient service and an appropriate organizational system.
During the 11th General Assembly in 1978, President Amaure Dalisay reported that the cooperative is making its way to considerable progress and has accumulated enough funds more than the members could borrow.
Samulco, as reported, gained a 42-percent increase in its assets (P1.8 million to P2.56 million), 51 percent hike in its lending services (P977,000 to P1.48 million), 42 percent increase in deposits (P142,000 to P202,000) and 59 percent increase in its net savings (P67,000 to P106,500). In 1980, the cooperative reached P2 million share capital.
To further sustain its gains, Samulco diversified its investments in entrepreneurial ventures. Another service-oriented business venture that Samulco engaged in was the Buying Club, which was launched on January 18, 1986.
Samulco also strengthened its resolve to prioritize quality over quantity in accepting membership. Quality membership matters.
As membership grew, officers and members found it necessary to relocate themselves to a place of their own. Thus, its first building was inaugurated on October 1984 along Monteverde Street, Davao City.
In 1981, officers and members decided to open its membership to residents outside the Sta. Ana Parish.
With this move, membership grew from 1,985 in 1986 to 2,148 in 1987.
