Armed Forces and Police Savings & Loan Association, Inc.

He wanted to increase its capitalization, and in order to do this two years later the association began granting a one percent finders' fee to encourage recruiters to get new depositors to establish accounts.

[6] Then President of the Philippines Corazon Aquino noted in a 1992 State of the Union address that since the AFPSLAI had collapsed, it would no longer manage the military's pensions.

President and CEO of the AFPSLAI and retired Lt. General Virgilio O. Domingo responded in a letter to a newspaper editor that it didn't manage the pensions anymore.

As of 2017, the last major loss it took was in 2006 when it lost 500 million Philippine pesos invested in the Centennial Savings Bank and Centennial Financing Corp[10][11] In 2017, the branch in Calapan helped police nab a group of 8 criminals who used the identity to of a retired policeman in an attempt to swindle the AFPSLAI out of 2 million Philippine pesos.

In recognition of the hardship caused by the COVID-19 pandemic, the Philippine National Police ordered a 30-day moratorium on automatic repayments for the month of April 2020.