History
May 11, 1962
FABSLAI was founded by 230 members with P30,000.00 initial capital.
July 23, 1965
FABSLAI was registered to Securities and Exchange Commission (SEC).
September 3, 1965
Certificate of Authority to operate as a Non-Stock SLA was granted by Central Bank of the Philippines.
| Date | Significant Events |
|---|---|
| March 1967 | Inauguration of FABSLA Housing Project by former Pres. Ferdinand E. Marcos (Pilot project with BSP). |
| 1972 | Inauguration of FABSLA building (from 2nd floor of FAB Bowling Lanes) (Pilot project with BSP) |
| February 1973 | FABSLA reached its first 1 MILLION mark in assets |
| September 1973 | By-Laws were amended to include loans payable in two years and adoption of Mortgage Redemption Insurance (MRI ) for insurance of loan |
| October 17, 1973 | Loans were insured by Insular Life Company, Ltd. |
| 1973 | FABSLA Newsbrief was published |
| August 23, 1974 | Amendment of FABSLA By-Laws |
| 1986 | FABSLAI entered into a contract with Insular Life Company, Ltd. for the Level Coverage of loans in which the full amount of loan will be paid by the insurance company in case of borrower's death. (The loan balance will be paid to FABSLAI while the amount paid by the borrower will be given back to his/her beneficiary) |
| 1991 | FABSLAI was re-registered to Securities and Exchange Commission (SEC) for another twenty-five (25) years |
| 1994 | Computerization of FABSLAI system by programmer Mr. Bibian Militante |
