The Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI) is a banking corporation in the Philippines associated with the Philippine military and police. As of 2016, it had 69 billion Philippine pesos in assets, which are exempt from taxes in the Philippines. As of 2017, there are 21 branches within the Philippines along with 50 extension offices. There are about 500,000 AFPSLAI members. Any changes in its bylaws are required to be approved by the Bangko Sentral ng Pilipinas. The Savings and Loan has a reputation for offering tax-free, high yield dividend products to its members which are not insured by the PDIC. Quarterly contributions to the higher yielding investments are capped. More information...
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