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
February 22, 1994 FABSLAI's first written Vision-Mission was formalized
1995 FABSLAI's membership to Pag-Ibig Fund; The Board of Trustees started to support scholars from FAB Elementary and High School
August 2, 1995 Amendment of By-Laws to expand the membership to other bases and to change the term of Board of Trustees from one year to two years
1996 The Amended By-Laws was approved by SEC
1997 First 100th MILLION mark in Assets
May 16, 1998 FABSLAI received the following CONSLA awards: 1. 1st Place - Rate of Growth in Capital Contribution 2. 1st Place - Rate of Growth in Net Worth 3. 2nd Place - Rate of Growth in Resources
1999 Computerization though UNIX Local Area Network and Program by Mr. Bibian Militante was implemented
2001 FABSLAI adopted a new Vision-Mission Statement
September 7, 2001 Amendment of FABSLA By-Laws with the changed word from "Directors" to "Trustees"
May 16, 2003 FABSLAI received the following CONSLA awards: 1. Savings and Loan Association of the Year 2002 2. 1st Place - Rate of Growth in Operating System 3. 2nd Place - Asset Utilization Efficiency