As an advocate of corporate philanthropy, AFPSLAI is engaged in various activities that allow the Association to give back to its members and the community we serve.Some of AFPSLAI’s recent donations were motorcycles for the BJMP; financialassistance of Php 2,115,629.98 to GHQ & HSC for the repairs/ repainting of the perimeter fence of Camp Aguinaldo; various equipment for the AFP Medical Center such as anesthesia machine, electrocardiograph, and wheel chairs; LiveUequipment for PNP-DPCR; and cardiac monitors for the Army General Hospital to be installed in their newly-acquired 19 units of ambulance.
The positive impact that AFPSLAI are able to create in the lives of our members and thecommunity we belong to is our zeal to corporate social responsibility.
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 683 dated 26 April 2013, decided to approve the deferral, until January 2, 2014, of AFPSLAI’s compliance with Circular No. 789, particularly on the shift to annual distribution of net income to members. It can be recalled that the BSP issued last February 28, 2013 Circular 789 Series of 2013, which requires, among others, all Non-Stock Savings & Loan Associations (NSSLAs) to distribute net income to members once in a calendar or fiscal year. The implementation of the Circular was effective on March 22, 2013, which meant that AFPSLAI shall shift from quarterly to annual distribution of net income beginning this year. The AFPSLAI Management has requested from the BSP for a one year moratorium on the implementation of the Circular in consideration of the welfare of the members who would be affected by the sudden shift in the schedule of income distribution. In view of the approved moratorium, AFPSLAI shall continue to declare dividends for the 2nd, 3rd and 4th Quarters of 2013.