The Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) has marked a key development in its corporate strategy with the signing of a Memorandum of Agreement (MOA) with the Philippine National Bank. The agreement, formalized at PAFCPIC’s headquarters in Fort Bonifacio, expands the cooperative’s suite of financial offerings for its employees and members, underlining its commitment to long-term financial security.
This collaboration strengthens a relationship first established in 2018, when PAFCPIC selected PNB to manage its Employee Benefit Trust and Retirement Fund. The new MOA further expands PNB’s role, granting PAFCPIC’s over 400 employees access to a broader range of financial services, including a structured retirement program.
In addition to enhancing employee benefits, the partnership will also facilitate the efficient distribution of dividends and patronage refunds to over 190,000 PAFCPIC members, through PNB’s ePay disbursement facility and Bulk Account Opening System. A pilot program in 2025 aims to open 10,000 new Fast Cash ATM accounts via PNB branches in alignment with PAFCPIC’s 25 satellite offices.
PAFCPIC, which serves active and retired Armed Forces personnel and their dependents, has consistently prioritized the financial well-being of its members. In 2023, it was ranked the 88th Best Employer in the Philippines by Statista and the Philippine Daily Inquirer, further cementing its reputation as a leader in employee welfare.
The MOA with PNB solidifies PAFCPIC’s position as a key financial partner for uniformed personnel and their families, underscoring its ongoing commitment to delivering financial stability and value. With this partnership, PAFCPIC continues to take every step towards enhancing its legacy of supporting the Armed Forces community.
