AMWSLAI receives award from AFP

MANILA, Philippines - The Air Materiel Wing Savings and Loan Association (AMWSLAI) recently received a Plaque of Appreciation from the Armed Forces of the Philippines (AFP) “in grateful appreciation for invaluable and unwavering contributions to the AFP and the AFP Medical Center in particular.” The awarding was held last Sept. 3 during the celebration of the 77th AFPMC founding anniversary. The award was signed by Brig. Gen. Normando Sta. Ana.

AMWSLAI, headed by Ret. PAF Col. Ricardo Nolasco as chairman and president, is the undisputed pioneer in the non-stock savings and loan association in the country with 20 branches and 52 extension offices. Col. Nolasco said the primary purpose of AMWSLAI is to uplift the welfare and wellbeing of its more than 200,000 members composed of active and retired members of the AFP and the Philippine National Police (PNP) and their families by providing accessible and affordable credit to assist them with their social and economic needs.

The association has been the recipient of various awards, including the No. 1 Financial Institution of the Year from the Shoppers Choice Awards in 2005.