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.


 
 

 
Tech. Sgt. 
BARBARA PLANTE

944th Airmen live life as military couple

Tech. Sgt.BARBARA PLANTE Staff Sgt. Adam Jenkins and Senior Airman Cassandra Jenkins, 944th Logistics Readiness Squadron, are a dual-military couple and work together as maintainers in the refueling vehicle maintenance shop. St...
 
 
Courtesy photo

Walt Disney inspires squadron

Courtesy photo While stationed at Luke Field, Sgt. Seymour Pine had the unique privilege of accepting the 62nd Fighter Squadron emblem of a boxing bulldog from the artist who drew it — Walt Disney. Everyone had a role to play...
 
 

Air Force News – August 28, 2015

Alaska A C-130 Hercules assigned to the36th Airlift Squadron from Yokota Air Base, Japan, became the first U.S. aircraft to drop Japan Ground Self-Defense Force members onto U.S. soil, Aug. 12 during Red Flag-Alaska. Paris U.S. Ambassador to France, Jane Hartly, recognized Airman 1st Class Spencer Stone for his actions in saving countless lives during...
 

 

People First – August 28, 2015

SAPR services offered to Air Force civilians The Air Force released a policy memo Monday allowing Air Force civilian employees who are victims of sexual assault to file restricted and unrestricted reports with their installation’s sexual assault response coordinator. The policy is effective immediately and allows SARCs and sexual assault prevention and response victim advocates to...
 
 
Courtesy photo

Airmen bring economic opportunity to Afghan women: T-bolt receives AETC public service award

Courtesy photo The idea for the nonprofit came from Capt. Jon Hudgins after he received a Christmas card from home with a picture in which he saw almost every woman wearing a scarf. “Mankind must put an end to war before war ...
 
 
Senior Airman James Hensley

Mentoring provides solutions to challenging times

Senior Airman James Hensley Staff Sgt. John Morin shows Airman 1st Class Kevin Dawson, 56th Comptroller Squadron customer service technicians, where he stands in tasks completed on Air Force Training Records on the Air Force po...
 




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=""> <s> <strike> <strong>