PAFCPIC is a multi-awarded first billionaire Co-operative in the Philippines. Its main business is offering financial services to members through loans and deposits. It has been in business for 35 years since its establishment in November 1981. Membership is voluntary and composed primarily of active and retired Philippine Army (PA) and civilian personnel and their immediate dependents, now totaling 101,738 and total assets at P8.4 billion (figures as of end-2015).