Socorro is a 5th class municipality in the Province of Surigao del Norte, Philippines. According to the 2000 census, it has a population of 17,932 people in 3,071 households. “Bunga” was the ancient name of the place, which means fruit. A popular folklore says that the name “Socorro” was derived from the Spanish priest’s plea for help when the sailboat he was boarding with his church worker-companions was about to capsize due to gigantic waves brought about by the incoming thunderstorm. It happened while they were approaching towards the sitio to officiate mass on a Sunday morning in 1920. The said priest and company were saved by the brave men of the place who rushed to the scene notwithstanding the wrath of nature. Such heroic acts prompted the priest to name the place “Socorro” in honor of the fearlessness of the men and as a way of paying tribute to the populace who were willing to offer help and assistance to others even in times of danger. Since then, the sitio, which was converted into a barrio, rose from a sleepy settlement into a progressive locality. On February 22, 1961, Socorro was granted the status of a municipality with the entire Bucas Grande Island as its jurisdiction with the signing of Executive Order No. 419 by then President Carlos P. Garcia. The municipal government of Socorro has long been a partner of SOEMCO. In 1996, the late Honorable Mayor Eulogio M. Lasala, Sr. entered into a Memorandum of Agreement with Dr. Potenciano Malvar paving the way for the conversion of the LGU Commercial Center into the Bucas Grande Balanghai Hotel. One of the pertinent provisions of the MOA was the allocation of a commercial space in the ground floor for the SOEMCO Office. Moreover, in 2004, the municipal government through Mayor Mamerto D. Galanida, Ed. D. donated to the cooperative a lot near the Public Market where the new SOEMCO Building is now located. Further, in 2008, the municipal government has allocated the amount of Five Hundred Thousand Pesos (P 500,000.00) for the equity of the AECID-funded Socorro Integrated Coconut Processing Facility. Recently, the incumbent municipal officials headed by the Honorable Mayor Elizabeth R. Galanida had entered into an agreement with SOEMCO on the joint implementation of the 4-wheel Farm Tractor Project under the DA Farm Mechanization Program.
A world-class cooperative in a highly progressive and environment-friendly community.
To empower low, medium-income and disadvantaged groups by providing equitable quality financial and non-financial services anchored on the principle of sustainable development.