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.


 
 

 
140805-F-LW839-135cropped

Ramping up …

An F-35 Lightning II joint strike fighter prepares to land Aug. 5 at Luke Air Force Base. This is the fifth F-35 aircraft currently assigned to the 61st Fighter Squadron with more on the way before the end of the year.
 
 
Airman 1st Class 
JAMES HENSLEY

Nursing fellows take on trauma training

Airman 1st ClassJAMES HENSLEY Chief Master Sgt. John Mazza, 56th Fighter Wing command chief, and Brig. Gen. Scott Pleus, 56th FW commander, congratulate the 56th Medical Group nurses who graduated from the Critical Care and Eme...
 
 
Courtesy photo

First generation Marine has passion for sport

Courtesy photo Cpl. Mauricio Sandoval, Bulk Fuel Company Charlie NCO in charge of administration, holds his daughter, Yaretzy, 1. When military personnel take the oath to serve their country, they enlist to serve a purpose grea...
 

 
Senior Airman 
MARCY COPELAND

Lt. Gen. rolls out F-35 program priorities during all call

Senior AirmanMARCY COPELAND Lt. Gen Christopher Bogdan, F-35 Lightning II program executive officer held an all-call Aug. 5 on Luke Air Force Base. The general spoke to Thunderbolts about the F-35 program and priorities. Lt. Ge...
 
 

Air Force News – August 15, 2014

Florida The 45th Space Wing supported Space Exploration Technologies’ successful launch of their Falcon 9 rocket carrying the AsiaSat 8 satellite, which was built for Asia Satellite Telecommunications Company Limited to serve Asia, the Middle East and Australia. Guatemala Airmen from the Arkansas Air National Guard are working alongside their Guatemalan air force counterparts as...
 
 

People First – August 15, 2014

Editor’s Note: The “People First” section is compiled from information from the Air Force Personnel Center, TRICARE, 56th Force Support Squadron, Airman and Family Readiness Flight, Veterans Affairs, the civilian personnel office and armed forces news services. For the complete story, click on the link in the title of each story. Job performance now big factor...
 




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