Xavier University Community Credit Cooperative
A HISTORICAL PERSPECTIVE
By Jessica D. Salon
Fr. Ernesto O. Javier, S.J.
In 1985, Fr. Ernesto O. Javier, S.J., then Xavier University President, saw the need for an organization that would help the university employees meet their financial needs without borrowing from usurers or resorting to frequent cash advances. He proposed to set-up the “XU Employees Fund” into which the community could pool their savings together and thereby help one another avail of loans in times of need. He requested Dr. Anselmo B. Mercado to draft a concept paper for this.