The Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) marked a significant milestone with the signing of a Memorandum of Agreement (MOA) with both the Retail Banking Sector and Trust Banking Group of the Philippine National Bank (PNB) recently at its main office in Fort Bonifacio, Taguig City.
The partnership gives PAFCPIC employees and members access to PNB’s comprehensive suite of financial services and a structured retirement program.
Building on a relationship established in 2018, PAFCPIC entrusted PNB with managing its Employee Benefit Trust/Retirement Fund, ensuring financial stability for over 400 employees.
Additionally, the cooperative adopted PNB’s ePay disbursement facility and Bulk Account Opening System for Fast Cash ATM Cards to streamline dividend and patronage refund payments for over 190,000 members, with a pilot run in 2025 targeting 10,000 new accounts through partner PNB branches aligned with its 25 PAFCPIC Satellite Offices.
PAFCPIC, a cooperative serving active and retired Armed Forces personnel and their dependents, continues to prioritize its members’ financial well-being. Recognized as the 88th Best Employer in the Philippines for 2023 by Statista and the Philippine Daily Inquirer, the cooperative reinforces its commitment to employee welfare through innovative programs and long-term planning.
Through this MOA, PAFCPIC solidifies its position as a trusted financial partner for uniformed personnel and their families, taking Every Step Together and further enhancing its legacy of delivering value and stability.