Highlights of AFPSLAI’s 53rd Annual Membership Meeting
The 53rd Annual Membership Meeting (AMM) was held via hybrid setup on May 31, 2025 at the Tejeros Hall, AFP Commissioned Officers Country (AFPCOC), Camp Aguinaldo, Quezon City and through online via Zoom. Regular members attended the meeting for the review of the Association’s accomplishments for the year 2024 through the President’s report; ratification of the acts and resolutions of the Board; approval of the proposed amendment to the Articles of Incorporation and By-Laws; and the election of the Board of Trustees for Y2025-2026.
In his welcome remarks, the AFP Chief of Staff and AFPSLAI Chairman of the Board of Trustees, Gen Romeo S Brawner Jr PA, proclaimed that AFPSLAI has excellently performed its function in managing the finances of its members and continuously solidified its stance as a dependable and reputable financial institution. Through financial literacy seminars, thousands of individuals in member communities have gained access to knowledge and support that enhance their financial well-being. The Liquidity Gap Reporting System is now in place and has strengthened the Association’s ability to assess and manage its financial health. The amendment of Credit Redemption Insurance (CRI) policy offers members a more secure and relevant safety net for their loan accounts. Expanded services including ATM facilities have brought greater convenience and accessibility to members nationwide. These achievements, and others, highlight the strong sense of responsibility and responsiveness of the entire association.
The message of Gen Brawner Jr was followed by the Report of the President & CEO, RAdm Nichols A Driz PN (Ret), who presented the highlights of the Association’s performance in its financial and operational aspects for the year 2024. He presented the Association’s loan production, gross income, and total expenses that led to the announcement of an Annual Dividend Rate of 18.5% for the year. Furthermore, an allocation of ₱ 1 billion was made wherein ₱ 500 million worth of loan rebates will be released to qualified member-borrowers in July, while the other ₱ 500 million will be used for the launching of an incentive scheme for prospective member-borrowers. He proudly informed the attendees that the Association made significant strides in easing the financial burden of its valued members. A number of special offerings were launched, to wit: Vehicle Loan Promotional Offering, free initial deposits to new Regular Member-borrowers, Special Loan Recovery Program and utilization of GCash Facility for the payment of understated and past due loans. On the other hand, six (6) new BSP-approved service units were operationalized during 2024 as Satellite Offices, namely, Surigao del Sur; Borongan; Davao Oriental; Agusan del Norte; Solano, Nueva Vizcaya; and Lal-lo, Cagayan. He ended his message by thanking the members, partner-institutions, workforce, Management, and the Board of Trustees for all the unwavering trust and support, and ultimately the Lord Almighty for His never ending grace and love.
At the end of the meeting, major cash prizes were raffled off, while minor cash prizes were pre-drawn the day before the meeting. Said prizes will be deposited to the Savings Deposit Account of the winning members who will be notified via e-mail or SMS. ###
RESOLUTION
AFFIRMATIVE VOTES
% OF TOTAL VOTES
M-2025-001:
Approval of the Minutes of 2024 Annual Membership Meeting held last May 25, 2024
135,647,523
99.60%
M-2025-002:
Notation of the Annual Report of the President & CEO
135,651,459
99.60%
M-2025-003:
Approval of the Proposed Amendment to the AFPSLAI Articles of Incorporation and By-Laws
135,636,720
99.59%
M-2025-004:
Approval of the Acts and Resolutions of the Board of Trustees, Corporate Officers and Management from April 18, 2024 to March 21, 2025
135,639,050
99.59%
M-2025-005:
Approval of the Elected Members of the Board of Trustees for Y2025-2026
Click the next icon on the list of elected Board of Trustees
