Pgina Oficial de la Asociación de Empleados

The Puerto Rico Commonwealth Employees Association (AEELA) is a non-profit organization which seeks to stimulate government employees to save money and offers them and their families a number of financial services and benefits. It started with only 120 members but today it serves more than 200,000 active and retired associates. In 1912, these government employees thought up a socioeconomic mechanism through which they would be able to save money and get rid of moneylenders, who took advantage of their economic needs by imposing them high interest rates. In 1921, Representative Alfonso Lara Charriez presented a bill which then became Law 52 of July 11, 1921, known as the Government of Puerto Rico Savings and Loans Fund. This is how the dream of these public employees -among them Jesus Maria Molina, Jorge Felices, Luis Sevillano, Miguel A. Correa , Felix Hilera and Susano Bocanegra- came true. Law 133, known as the Puerto Rico Commonwealth Employees Association Law, passed on June 28, 1966, granting the power and authority to fulfill its founding mission to its Governing Corps. AEELA's growth under the administration of government employees has been unequalled. For over eight decades it has contributed to supporting and stimulating the progress of its associates and their families, by adding to all of the associates' accounts the result of its performance in the form of dividends. In the 60s, the Association had a net worth of $40 million. Today it is a billion dollar institution with the prestige of an unquestionable example of economic soundness and healthy administration. It offers a wide variety of financial services and products such as loans, individual retirement accounts, credit cards and mortgage loans as well as several types of insurance, including death insurance. Other benefits include a discount card, scholarships both for the associates and their children, legal services, sports and recreation activities and a Vacation Center in Playa Santa, Guanica. Plaza AEELA, the Association's main headquarters is located in San Juan, Puerto Rico. In addition, in order to be more accessible, it has ten branches throughout Puerto Rico in Arecibo, Mayagüez, Ponce, Aguadilla, Humacao, Caguas, Carolina, Río Piedras, Santurce and Hato Rey. AEELA is always at the forefront at improving its services and offering its associates security and reliability by contributing to their economic, physical and moral well being. Its stability and development have contributed immensely to the socioeconomic well being of Puerto Rico.