The Laguna Prime Multipurpose Cooperative (LPMPC) has grown tremendously in assets as well as membership since it was organized originally as the UP College of Agriculture Credit Cooperative Union, Inc. in 1961. Much of the LPMPC strength and staying power is readily attributable to its faithfulness in upholding the ideals of cooperativism.

The LPMPC history and development maybe traced as far back in the late 1950s. And by way of its services and operation, LPMPC has magnified the service motivation underlying the cooperative concept.

On February 7, 1958, the UP College of Agriculture dean, Dr. Leopoldo B. Uichanco, received a letter suggesting the organization of a credit union to be composed of faculty members and employees of the college. This letter came from Restituto Esguerra of the UPCA accounting office who cited the desirability of organizing and availing of the services of a credit cooperative for the constituents of the college.

After a protracted delay in organizing themselves, the interested parties finally met on April 4, 1961 through the leadership of ACCI director Nathaniel B. Tablante. Thirty-seven (37) of the 60 faculty and employee-incorporators of the UP College of Agriculture (UPCA), the Agricultural Credit and Cooperative Institute (ACCI), and teachers of Makiling School, Inc. formally organized the UPCA Credit Cooperative Union, Inc.

From a closed institutional cooperative, the UPLBCCI has now become a community-based cooperative. In its early years, the membership came mostly from the staff of the research and educational institutions of the Los Baños Science Community until it expanded its membership base.

Recognizing that the cooperative have expanded its membership to members outside of the UPLB community, the 2020 General Assembly approved the amendment of the Articles of Cooperation and By-laws of the Cooperative changing the name from “UPLB Credit and Development Cooperative” to “Laguna Prime Multipurpose Cooperative”.