Over 40 years ago Air Niugini Savings and Loan Society Ltd (ANGSL) was among a handful of establishments that complimented the initial steps of an embryonic state into self governance. The whole establishment was to cater for the country’s very own airline, Air Niugini. Time and the elasticity of policy has enabled ANGSL to open it’s provisions to a much wider population in the country. ANGSL is regulated by the Bank of Papua New Guinea under the Savings & Loan Societies Act 1995 (amended), and is a member of the Federation of Savings & Loan Societies (FESALOS). Other affiliations include the Oceania Confederation of Credit Union Leagues (OCCUL) and the Association of Asian Confederation of Credit Unions (ACCU) respectively.
Over the years, thousands of Papua New Guineans have been supported by ANGSL one way or another. We will do our best to improve and expand our reach with the help of our shareholders, our board and management team that attribute to the operations of the business, to do so, ANGSL keeps forging partnerships to enhance membership privileges. From travel and accommodation discounts to 80% medical coverage, our members can save to spend and save on spending at the same time.
The Board is responsible for the oversight of the business.
Mr. Gabi is currently the Traffic Systems and Standards Manager for Air Niugini Limited. He has held various positions of seniority with the National Airline for over 27 years. He was appointed as Chairman of the Society in late 2018 after holding the Deputy Chairman role for 2 years. He has been a financial member of the Society for over 10 years and an advocate for the S&L movement in PNG.
Mr. Vai resigned in 2018 as the Financial Analyst for Air Niugini Limited. With an accounting background, he serves on the Board as an Independent Director and assists in various committees requiring his accounting skills and knowledge. He provides advisory support to Air Niugini Ltd & the Society respectively. Prior to his appointment in 2018 as Deputy Chairman of the Society, he was the Supervisory Committee Chairman for 2 years and a financial member of the Society for over 15+ years.
Mr. Kilalema is currently the HR Projects Manager for Air Niugini Limited. He has held various positions of seniority with the National Airline for over 30+ years. He was appointed as a Director in 2010 and assists in various committees requiring his expertise. He has been a financial member of the Society for over 20+ years.
Mr. Ali is currently the Charters Manager for Air Niugini Limited. He has held various positions of seniority with the National Airline for over 25+ years. He was appointed as Director of the Society in 2010 and assists in various committees requiring his expertise. He has been a financial member of the Society for over 20+ years.
Mr. Wamala is currently an Accounts officer with the Finance Department of Air Niugini Limited. He has held various positions of seniority with the National Airline for over 10+ years. He has been a financial member of the Society for over 10 years and an advocate for the S&L movement in PNG.
The management is in charge of the daily operations of the business.
Mr. Rathley was appointed General Manager in March 2020 after being appointed Finance & Administration Manager in January 2017. He has over 6 years of experience in the Savings & Loan industry. Prior to his employment with ANGSL, he was the Treasurer/Secretary of the NDB Savings & Loan Society for 4 years. Mr Rathley looks to Growing and Moving forward to an excellence and money savings society. Excepting of new business partnerships and educating the members on the importance of savings.
ANGSL is a member of FESALOS, OCCUL and the ACCU. Having this affiliations enables ANGSL to be up to standard and compliant with all member requirements. Apart from these affiliations, we also maintain a good standing with the Bank of Papua New Guinea, the authority in charge of all regulatory matters.
The Association of Asian Confederation of Credit Unions
The ACCU is a regional member based organization of credit unions and cooperatives in Asia. ACCU works in partnership with its members to strengthen and promote credit unions as effective instruments of socio-economic development of the people.
The Oceania Confederation of Credit Union Leagues
The OCCUL is the peak body for credit unions in the Pacific providing support services and representation. This network body was founded by delegates of Pacific Island countries that attended the Pacific Credit Union Technical Congress of 2008 and 2009.