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.


 
 

 
Courtesy photo

EOD called out for expertise

Courtesy photo The 56th Civil Engineer Squadron Explosive Ordnance Disposal team recovers military ordnance July 4 from the rubble of a burnt down building at an auto repair facility in Phoenix. The Luke EOD team recovered nume...
 
 
Staff Sgt. Darlene Seltmann

Thunderbolt joins elite Thunderbirds

Staff Sgt. Darlene Seltmann 56th Fighter Wing Public Affairs photojournalist, took this photo March 15 during Luke Air Force Base’s Open House and Air Show. She had no idea at the time that just a few months later she would b...
 
 

Air Force News – July 25, 2014

Utah The combined efforts of Hill Air Force Base’s Ogden Air Logistics Complex and several Defense Department organizations culminated in the initial delivery of three of 24 F-16 Fighting Falcon aircraft to the government of Indonesia. The Ogden ALC refurbished this initial batch of F-16s, and is scheduled to deliver 21 more F-16s to the...
 

 

People First – July 25, 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, go to the web address listed at the end of the story. Official highlights...
 
 
Airman 1st Class 
PEDRO MOTA

MMA ramps up combat training

Airman 1st ClassPEDRO MOTA Team Ill Brasil brings a new style of martial arts to the base. The Luke Air Force Base Bryant Fitness Center now offers discipline specific martial arts training Monday through Friday at the Combat T...
 
 
Tech. Sgt.
LOUIS VEGA, Jr.

Reserve recruiter has heart of bull

Tech. Sgt.LOUIS VEGA, Jr. Master Sgt. Stanley Iakopo, Air Force Reserve Command recruiter with the 944th Fighter Wing, puts Joe Vigil, pro fighter and assistant trainer, in a hold while training at Peraza Boxing and Mixed Marti...
 




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