Air Force

March 26, 2012

New policy means faster access to emergency funds

Written by: Staff
More articles by »

The Air Force Aid Society released a new policy that can help some Airmen needing cash for emergencies.

As of March 1 the AFAS Falcon Loan policy allows active-duty Air Force members to borrow up to $750 for emergency needs for authorized purposes. The repayment period will continue to be three to 10 months. The maximum number of Falcon Loans has been increased to four in a career.

The Falcon Loan is a streamlined process for receiving AFAS emergency assistance. The emergency criteria are the same for the Falcon Loan as that of standard AFAS assistance. Falcon Loans are available to active-duty members stationed at an Air Force installation with an AFAS section, where they can apply for this type of loan.

To apply, eligible members complete the Falcon Loan application and submit it to the Airman and Family Readiness Center where it is reviewed by an AFAS representative. Once approved, the loan is provided to the service member in the same way as a standard emergency assistance loan, with the difference being the check may be made payable to the member rather than to the vendor.

Falcon Loans are not free money. With the relaxed loan application process it is hoped that Airmen will feel less threatened to come forward for help. If subsequent help is needed after getting a Falcon Loan, hopefully, Airmen will feel a relationship that draws them back in to the A&FRC to discuss their financial situation and seek assistance.

Dispelling the notion that this is some kind of giveaway program requires all leaders to keep the program in proper perspective and not allow others to distort the purpose of the emergency assistance loan.

AFSA is the official charity of the U.S. Air Force and is in the business of providing emergency assistance, sponsoring education assistance programs and offering an array of base community enhancement programs that improve quality of life for Airmen and their families.

For more information, call A&FRC at (623) 856-6550.




All of this week's top headlines to your email every Friday.


 
 

 

My personal leadership philosophy

My personal leadership philosophy can be summed up in just a few words — people first, mission always. Some may mistake the phrase “people first, mission always” as a dictum to coddle unit personnel through adversity, but actually, my focus is on preparing them to overcome adversity. The mission will always press on, but without...
 
 

Work, family balance success marker

“Being successful means having a balance of success stories across the many areas of your life. You can’t truly be considered successful in your business life if your home life is in shambles.” — Zig Ziglar In our careers, we frequently hear about the importance of having balance in our life and job. Some common...
 
 
Staff Sgt. 
TIMOTHY BOYER

Luke plays role in saving species

Staff Sgt.TIMOTHY BOYER A team of wildlife specialists prepare a Sonoran pronghorn for release into the wild at the Cabeza Prieta National Wildlife Refuge in Ajo. Sixty-nine pronghorn were captured this year. Of those, more tha...
 

 

News Briefs December 19, 2014

Road closure Litchfield Road at Northern Parkway is closed daily 9 a.m. to 3 p.m. through Sunday to paint the bridge overpass, weather permitting. Northern Parkway will remain open. Reems Road and Dysart Road are alternate routes. For more information, call MCDOT at 480-350-9288. MLK luncheon There will be a Martin Luther King Jr. luncheon...
 
 
Senior Airman 
JAMES HENSLEY

MWD Roy — partner, friend passes

Senior AirmanJAMES HENSLEY Staff Sgt. Scott Emmick, 56th Security Forces Squadron Military Working Dog handler, and Roy, 56th SFS MWD, play Dec. 14, 2012, at the at Luke Air Force Base kennels. The MWD and handler team plays to...
 
 

46 graduate ALS in class 15-1

The 56th Fighter Wing Airman Leadership School graduated 45 senior airmen and one staff sergeant Dec. 11 from class 15-1. The graduates are senior airmen unless otherwise noted. John L. Levitow award: Nathaniel Gladney, 56th Aircraft Maintenance Squadron Distinguished graduates: Matthew Goodspeed, 56th Operations Support Squadron; Russell Hires, 56th Medical Support Squadron; James Gilmore, 56t...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin