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 |