BRIEF HISTORY
In a beautiful and unexploited town in the mid-part of Zamboanga del Norte emerged a cooperative owned and managed by the employees and officials of the Local Government of Siayan officially registered with Cooperative Development Authority (CDA) under the present name SIAYAN OFFICIALS AND EMPLOYEES MULTI-PURPOSE COOPERATIVE (SOEMPUCO). From its humble beginnings, SOEMPUCO was informally organized in 1992 by 25 employees and staff of the local government unit of Siayan with a small canteen with a capital contribution of PhP50.00 per member. With strong perseverance, good management, transparency and honesty, the cooperative grew to become the only bank-like institution in the municipality for almost fourteen (14) years. The road situation and the distance from its nearest urban center were the major considerations then.
