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Our History
Shell Employees Savings and Loan Association, Inc. (SESLA) was founded in 1955 by a group of employees of The Shell Company of the Philippines, Limited. With only one manpower and a seed fund of P50 thousand, it started its operation in a small office space at the Shell House Building in Binondo, Manila.
The early years of its operations demonstrated a critical period for the Association. The insufficiency in capitalization plus the operational problems took its toll on its frail organization. To work against the impending collapse, a new administration was set up towards the beginning of the 70's. True enough, SESLA was able to survive the shudders through hard work and determination. It was then when the association widened its membership to out-port-based (Luzon, Visayas and Mindanao) employees of Pilipinas Shell.
During the latter part of the 1990's, certain flaws in the organizational set-up of the Association came to light that demanded major changes. Fundamental and significant changes have since been instituted in the Association that continues to this day. Furthermore, SESLA's continued steady growth and commendable efficiency and quality professional service can be traced to the foresight, cooperation and harmonious relationship among the Board of Directors, Officer and staff.
The new SESLA Board of Directors and Staff
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Quick Links:
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Download Forms & Amortisation Schedules:
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Contact Us:
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+63 (2) 816-6501
loc 6552 / 6572 |
| F: |
+63 (2) 887-1744 |
| E: |
info@sesla.com |
| Add: |
3rd Floor Shell House, 156 Valero St. Salcedo Village Makati City, Philippines |
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About Us
Shell Employees Savings and Loan Association, Inc. is a non-stock, non-profit savings and loan association registered and incorporated with the Bangko Sentral ng Pilipinas and Securities and Exchange Commission in 1955. It is principally established for two-fold purposes:
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To cultivate the habit of saving among Shell employees
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To provide financial assistance with minimal interest rate on loan, in times of need.
This P284 million organization is vested in a seven-member Board of Directors with necessary skills in running the affairs of the Association. The daily operations are being actively managed by an Office Manager with three support staff, to cater its total membership of more than 2,000 Philippine-wide.
Our Philosophy
Our Vision:
An exclusive organization of borrowers and investors reaping the maximum benefits from the best savings and loan association in the industry.
Mission:
OUR EXISTENCE IS ESTABLISHED FOR THE FOLLOWING OBJECTIVES:
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To cultivate the habit of saving among Shell employees.
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To provide financial assistance with minimal interest rate on loan, in times of need.
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To provide its members commendable earnings by engaging in activities that enhance financial stability and growth, in accordance with rules and regulations governing NSSLA.
Commitments:
In search of our mission, we will conduct our business in a manner that fulfills our members in all areas in which we do business. We completely commit our resources, capabilities and strength to:
Our Members
While information is the cornerstone of our ability to provide superior service, our most important asset is our member's trust. Keeping member information secure, and using it only as our members would want us to, is a top priority for all of us.
We will make the members needs our primary concern and assure customer satisfaction at all times.
Our Employees
We will deal with our employees with justice and equality. We will provide opportunities for their development and advancement.
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