: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

Brief History

From the beginning, PSSLAI is dedicated to the welfare of the PNP members. It was created to provide financial assistance and opportunities to Public Safety personnel by having a lower borrowing rate and competitive yields in their investment/s.

To ensure that the higher interest of the policemen is upheld, the Chief PNP takes the seat as Chairman of the Board of PSSLAI.

PSSLAI Vision

A premier non-stock savings and loan association committed to enhance the quality of life of our members by providing them with financial benefits and economic opportunities; a financial institution of excellence.

PSSLAI Mission

Expeditiously provide credit, and other financial services and economic opportunities to our members, in response to their basic needs and to uplift their general welfare.

Continuously exert our best effort to achieve growth, integrity, and transparency in our operations in keeping with our nature and character as a trustworthy financial institution.

PSSLAI Objectives

. Encourage Thrift among its members.
. Promote Business enterprise through low-interest loans

THE BIRTH OF PSSLAI

With the existence of various Private Lending Institutions (PLIs) and Savings and Loan Associations (SLAIs) that caters to the Philippine National Police and with the proliferation of numerous loan sharks in the community, the PNP leadership has been exerting its efforts to negotiate for a seat in the Board Composition of some leading SLAIs considering that PNP personnel are the majority members of these SLAIs. The continuous denial of some SLAIs to allocate a seat for PNP officials in their Board Composition pushed the PNP piloted by then PNP Chief Director General Hermogenes E. Ebdane and some PNP top officials in establishing a Savings and Loan Association exclusively for the PNP personnel.

April 15, 2003

On April 15, 2003 the Bangko Sentral ng Pilipinas has approved the operation of the Public Safety Savings and Loan Association, Inc. (PSSLAI) with the purpose of encouraging industry, frugality and accumulation of savings and to extend financial assistance to its members.

April 30, 2003

On April 30, 2003 the By-Laws of the Public Safety Savings and Loan Association, Inc. (PSSLAI) was registered with the Security and Exchange Commission.

INCORPORATORS

PDDG. CLYDE L. FERNANDEZ (ret)
PDDG. EDGAR C. GALVANTE (ret)
PDIR. VICTOR C. SIGNEY (ret)
PDIR. RICARDO F. DE LEON (ret)
PDIR. JOSE V. POBLETE (ret)
PDG. AVELINO I. RAZON, JR.
PCSUPT. QUIRINO D. DELA TORRE (ret)
PCSUPT. ANTONIO P. BILLIONES (ret)
PCSUPT. DANTE S. TEJADA (ret)
PCSUPT. LEOPOLDO N. BATAOIL
PSSUPT. ALEJANDRO A. ANDRES (ret)

July 1, 2003

PSSLAI started its operation last July 1, 2003 with an initial capitalization of only 55M pesos and with only 24 personnel. The first 6 months operation was very tedious since everything was done manually until the formal creation of the IT Department. The PSSLAI head office was then housed at the ground floor of the Kiangan Hall beside the Multi-purpose Hall in Camp Crame, Quezon City.

July 4, 2003

First loan transaction was on July 4, 2003 granted to SPO2 Antonio A. Dawagan amounting to P95,000.00

July 31, 2006

First satellite office was opened in Camp Vicente Lim, Canlubang, Laguna.

February 5, 2007

To accommodate the rising numbers of transactions due to the enormous growth in membership and loan applications, PSSLAI started to construct the second storey of the same building and on February 5, 2007 after 8 months of construction. The second floor of PSSLAI was soon opened. It houses the Offices of the President, General Manager, Accounts Management Group, HR & Administration, IT and Audit Department.

September 17, 2007

The last satellite office was opened last September 17, 2007 in Camp Rafael Rodriguez, Butuan City. This satellite office represents the 15'th satellite office of PSSLAI. This completed the expansion drive of PSSLAI in establishing physical presence in all police regional offices throughout the country.

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :