Cooperative history has provided many lessons that can be drawn upon by present generation who advocates for cooperative revolution. Some of the failures identified were: (1) owners/members have no feeling of ownership; (2) capital was externally provided; (3) cheating was rampant; (4) lack of education (farmers, who turned squatters, became managers). Different groups persevered to continue their efforts to make cooperatives successful. Leaders learned to adopt policies that became the so-called “cooperative principles”. Other significant lessons learned include (1) starting small (from simple to complex); (2) good intentions are not enough; (3) internal capital must be sourced out; (4) ownership; and, (5) need for unity, cooperation. Cooperatives made headway in Europe in the second half of the 19th century. The Americans learned of it in early 20th century. In 1938, a protestant missionary successfully introduced a credit union in Tuguegarao, Cagayan here in the Philippines. Since then, cooperatives in the country started to be formed by different groups.