Welcome to FICOBank

Profile of FICOBank

The First Isabela Cooperative Bank. (FICOBank) is one of the pioneer and prominent cooperative banks in the Philippines. Its origin is deeply rooted in the community, as it was over 35 years old by 2 cooperatives and 47 samahang nayons which represented the farmers who have limited resources and access to banking services. From a molehill-sized cooperative rural bank that it opted to be, it elevated to a mountain-high CoopBank as it can now lay claim to a resource base of over P2 billion.

Since it formally opened its doors to the public in 1980, FICOBank continually operates on the basis of firm and prudent cooperative banking principles. And for the reason that its cooperative nature translates to “people helping people transform their lives,” FICOBank is more involved in the community than any other banking institution. To a great extent, it contributes to the socio-economic development of the people, thereby making it a valuable community asset.

FICOBank is engaged primarily in generating deposits from the general public and extending loans to the agricultural sector, small and medium enterprises, and other sectors of the economy. It also provides money transfer and remittance services. Its 227 regular institutional members, 11,915 special individual members and over 50,000 clients benefit from a broad selection of continuously evolving financial products and services that are adaptive to and supportive of their multi-dimensional needs. This proves that FICOBank is a real people's bank that has a big heart for the common good of the greatest number.

FICOBank’s products and services can be accessed by the banking public at its Head Office, 18 branches and 9 extension/field offices in 27 strategic locations in the provinces of Isabela, Quirino, Nueva Vizcaya, Cagayan, Tarlac, Nueva Ecija, Bataan and Pangasinan. These operating units effectively extend the Bank’s market reach and bolster its capability to service the growing number of clients.

True to its unique character, FICOBank is owned, managed and controlled by its regular members through their elected/appointed representatives. It is ably governed by its Board of Directors (BOD), which is composed of nine regular members and one ex-officio member. The BOD in its oversight function is assisted by nine Board Committees. Its business affairs are administered by the Management Committee (MANCOM), Administration and Support Services Committee (ADSCOM) and Operations Committee (OPCOM). FICOBank employs a total of over 300 personnel. It is renowned for having top-notch, high-skilled, goal-driven and dedicated personnel.

FICOBank is ranked No. 1 in the Philippine cooperative banking industry in terms of financial performance, “AA” EAGLE Achiever in microfinance performance, a Hall of Famer Cooperative Bank, and a Ginintuang Gawad PITAK Awardee. Its outstanding performance has been consistently noticed through the years by the Land Bank of the Philippines, Cooperative Banks Federation of the Philippines, Bangko Sentral ng Pilipinas, Microfinance Council of the Philippines, Citigroup and other award-giving organizations.

FICOBank envisions itself in the very near future as a FIRST CHOICE Bank by the people. In full awareness of its vision, FICOBank puts first and foremost the common interest and aspiration of its members and clients, along with their families and communities. Providing excellent customer service, fostering longer-term relationships and offering the best possible financial solutions are FICOBank’s means to achieve that strategic end.