Adhering to the DBM Circular No. 2008-03 dated June 20, 2008, CCWD established and Administered, the Provident Funds of the District. The said Provident Fund was in compliance with the Executive Order No. 641 issued by then President Her Excellency Gloria Macapagal-Arroyo dated July 25, 2007.The institutionalization of agency Provident Funds is one of the measures advocated by the Committee on the Protection of Government Employees created under EO No. 462 dated September 19, 2005.

The purpose of the Provident Fund is defined as a savings scheme consisting of contributions from both the employees and employer (in monetary from member-employees; in a monetary and/or non-monetary form/s from employees) which serves as a loan facility and provider of supplementary welfare benefit to its members. The CCWDPFI was later Registered as an independent entity under Certificate of Incorporation No. CN201125721 to SEC on June 10, 2011. The employees is now enjoying savings and benefits through financial loan with a very low interest rates and other benefits like hospitalization benefits, Calamity Assistance, Educational Assistance and among others.