Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
Step 1 Member-Applicant Submits the filled-out Back-to-Back Loan Application Form (LAF) to loans unit. Submits Savings Deposit Account (SDA) and Capital Contribution Account (CCA).
Step 2 AFPSLAI 1. Receives loan application, verifies CCA deposit balance and determines loan amount and term.
2. Approves loan.
3. Releases loan proceeds either through Savings Deposit Account (002) or through check.
Step 3 Member-Applicant Receives Savings Deposit Account (SDA) passbook with loan proceeds/loan check from Releasing Teller and withdraws amount from Teller.