Cebuana Lhuillier Bank expands reach through partnership with CWCC

STRATEGIC PARTNERSHIP This collaboration between Cebuana Lhuillier and Common Wealth Credit Cooperative (CWCC) is made possible through the leadership and shared vision of (from left) Cebuana Lhuillier Senior Executive Vice President Philippe Andre Lhuillier, Cebuana Lhuillier President and CEO Jean Henri Lhuillier, Chairman of the Board Tipon Federation of Multipurpose Cooperatives Gabriel Quemado II, and CWCC President and General Manager Ronald Galang. PHOTO FROM CEBUANA LHUILLIER

CEBUANA Lhuillier continues to solidify its leadership in financial inclusion with a strategic partnership with Common Wealth Credit Cooperative (CWCC), an esteemed institutional credit cooperative that serves employees of private companies and partner cooperatives across the nation. This collaboration marks a pivotal moment in Cebuana Lhuillier's ongoing efforts to provide scalable and accessible financial solutions, particularly for organizations with broad and geographically dispersed member bases.

To support CWCC's nationwide operations, Cebuana Lhuillier Bank will provide a suite of integrated banking solutions tailored to streamline and scale the cooperative's loan disbursement and fund management processes. As part of this collaboration, CWCC will avail itself of Cebuana Lhuillier Bank's Batch Crediting Facility to efficiently disburse loan proceeds to its 55,000 active members. Thus, enabling more secure and efficient management of their funds.

Jean Henri Lhuillier, president and CEO of Cebuana Lhuillier, says: "This partnership represents more than just a business collaboration; it's a strategic alignment of shared values and goals. By offering CWCC comprehensive financial solutions, we not only enhance their ability to serve their members more efficiently but also reinforce our commitment to driving inclusive finance and empowering communities nationwide."

The partnership with Cebuana Lhuillier Bank will enable CWCC to streamline its financial operations and expand its reach across the country. By integrating advanced banking solutions, CWCC will be equipped to provide its members with greater accessibility to essential financial services.

Through the corporate payout and collection services, CWCC can now disburse salaries, loan proceeds and other funds through multiple channels whether over-the-counter at Cebuana Lhuillier branches or directly to bank accounts.

Additionally, CWCC can now accept payments for its products and services at Cebuana Lhuillier branches, ensuring fast and efficient settlement across the network.

"This partnership is not just about scale, it's about delivering convenience, security and accessibility. By expanding CWCC's access to our banking services, we're helping bring essential financial solutions closer to communities that remain underserved by traditional banking," says Philippe Andre Lhuillier, senior executive vice president of Cebuana Lhuillier.

Ultimately, this collaboration goes beyond a simple business relationship. It reflects a shared vision for inclusive growth, operational excellence and enhanced service accessibility. By aligning with a partner that understands the needs of its members, Cebuana Lhuillier continues to redefine the possibilities of financial services, delivering impactful solutions that uplift communities and transform lives.