Shell Employees Savings and Loan Association

What Shell Employees Savings and Loan Association does

Shell Employees Savings and Loan Association, Inc. (SESLA) is a non-stock, non-profit savings and loan association founded in 1955 and headquartered at the 40th Floor of Finance Centre Building in Bonifacio Global City, Taguig, Philippines. It is registered with the Bangko Sentral ng Pilipinas and Securities and Exchange Commission, and is recognized as one of the most compliant among 78 member associations of Non-Stock Savings and Loan Associations, Inc. (NSSLAIs). SESLA exclusively serves active and retired employees of Shell Companies in the Philippines, offering a unified suite of financial products including consumption loans, car loans, home loans, retirees loans, and seasonal promotional loans, alongside savings products such as capital contributions and tax-exempt Special Savings Deposits (SSD). Membership stood at 3,459 as of June 2017, and the organization reports a total size of P473 million in assets.

SESLA's core technology infrastructure is built on Google Workspace for cloud-based operations with AES encryption, two-step verification, enforced SSL, and data loss prevention capabilities, complemented by Wordfence Web Application Firewall and Cloudflare for website security. The organization operates an online loan and member system (loans.sesla.com) launched in April 2020, enabling digital loan applications, balance inquiries, and account management, with a CRM system integrated in May 2026 to implement mandatory Politically Exposed Person (PEP) questionnaires for regulatory compliance. The association holds a registered trademark and employs a small professional staff managed by General Manager Maria Dorcas Ferreria, governed by a seven-member Board of Trustees.

SESLA's revenue model is structured around interest income on loans (ranging from 6% to 17% per annum on a diminishing balance method), handling and service fees of 1-2% on loan disbursements, and tax-exempt interest earnings on SSD accounts. Members maintain capital contributions earning annual dividends declared by the Board of Trustees after BSP review. Distribution is primarily through payroll deduction arrangements with Shell Companies in the Philippines, supplemented by in-person service at the headquarters office and online self-service channels. SESLA maintains a strategic insurance partnership with First Life Financial Co., Inc. for group term insurance coverage, and operates a hybrid work arrangement since September 2024. Marketing is conducted through Shell internal communications, company events, and word-of-mouth within the Shell employee community.

Name

Shell Employees Savings and Loan Association

Legal name

Shell Employees Savings and Loan Association, Inc.

Website

https://sesla.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

1–10 employees

Short description

Shell Employees Savings and Loan Association (SESLA) is a non-stock, non-profit savings and loan association founded in 1955 serving exclusively active and retired employees of Shell Companies in the Philippines through loans, capital contributions, and savings deposits.

Ownership category

akta.pro rank

Headquarters

HQ city

Bonifacio

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Others, Marketing or Sales

Revenue model

1. Loan Interest Income: Interest income generated from various loan products including consumption loans, car loans, home loans, and special promo loans. Interest rates vary by product (6% to 17% per annum based on diminishing balance method). Handling/service fees of 1-2% charged on loans.
2. Capital Contribution Dividends: Members maintain capital contributions that earn dividends based on annual operational results. Dividends declared by Board of Trustees and paid to members in Q1 of following year after BSP review and evaluation.
3. Special Savings Deposit (SSD) Interest: Tax-exempt interest earned on Special Savings Deposit accounts with minimum P10,000 deposit and 3-month minimum holding period. Interest rates vary monthly based on current bank rates.
4. Insurance Premium Processing: Facilitates group term insurance enrollment with First Life Financial Co., Inc. Members with loans over P50,000 are automatically enrolled, with premiums billed pro-rated.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

SESLA is a non-stock, non-profit savings and loan association that provides personal loans (consumption, car, home, retirees, and seasonal promo loans) and member savings products (Capital Contribution with annual dividends and Special Savings Deposit with tax-exempt monthly interest) to active and retired employees of Shell Companies in the Philippines. Services are delivered through payroll deduction, an in-person headquarters office in Bonifacio Global City, Taguig, and an online member portal (loans.sesla.com) for loan applications, balance inquiries, and account management.

Product overview

Shell Employees Savings and Loan Association (SESLA) is a non-stock, non-profit savings and loan association offering a unified suite of financial products to Shell employees in the Philippines. The product portfolio centers on loan products (Consumption Loan, Car Loan, Home Loan, Retirees Loan, and various Promo Loans like Summer, Calamity, Valentine, Christmas, and Credit Card Balance Transfer) and savings products (Capital Contribution and Special Savings Deposit). SESLA operates through its online member portal (loans.sesla.com) providing members access to loan applications, balance inquiries, and account management.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Dividend rates higher than commercial bank rates for capital contributions
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• First Life Financial Co., Inc.coreStrategic or Co-development Partner · 3 December 2025Insurance partner providing Group Yearly Renewable Term insurance coverage for SESLA members. Insurance program includes life insurance, accidental death/dismemberment benefit (ADD), total and permanent disability pension benefit (TPD), burial benefits, unprovoked murder and assault (UMA), and terminal illness benefits (TIB). Coverage period December 28, 2025 to December 27, 2026.
• Google WorkspacecoreTechnology or IntegrationCloud-based productivity and storage platform used for SESLA's operations. Features include AES encryption for data at rest and in transit, 2-step verification, enforced SSL connections, security alerts, password monitoring, and data loss prevention (DLP).
• Bangko Sentral ng Pilipinas (BSP) - NSSLAI AffiliationcoreOthersSESLA is one of 78 member associations of Non-Stock Savings and Loan Associations, Inc. BSP Technical Working Group and ANSLI (Affiliation of Non-Stock Savings & Loan Institutions, Inc.) work on BSP Circulars implementation and amendments to RA 8367 governing NSSLAIs.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Others

• Social Security System (SSS) Philippines: The Philippine state social insurance agency administering member contributions and providing salary, calamity, and housing loans. Thematically adjacent to SESLA in providing member-based savings and emergency loan products, but operates as a mandatory government pension/social insurance scheme rather than a private association.
• Pag-IBIG Fund (HDMF): A Philippine government mandatory savings and housing loan fund for employed Filipinos, offering provident savings and affordable home loans. Overlaps thematically with SESLA's savings-plus-housing-loan focus, but is a state-run mandatory program rather than a member-owned voluntary association.

Direct peers

• 1 Cooperative Bank (1Coop): A cooperative bank in the Philippines operating with member-depositor ownership and offering savings and loan products to cooperative members. Shares SESLA's non-stock, non-profit, member-owned structure and savings/loan product focus.
• St. Michael's Savings and Loan Association: A non-stock savings and loan association in the Philippines regulated by BSP under the NSSLAI framework, offering savings and loan products to its members. Directly comparable to SESLA in legal form, BSP oversight, member-owned governance, and product suite.
• Country Builders Bank: A Philippine thrift bank focused on small depositors and consumer borrowers, often serving working-class and OFW segments. Comparable to SESLA in mission (member/working-class financial inclusion), savings-and-loan product set, and BSP-regulated thrift banking operations.
• Cooperative Bank of Bohol: A cooperative bank in the Philippines serving members with deposit accounts and loans on member-owned, non-profit terms. Directly comparable to SESLA in cooperative-style governance, dividend distribution to members, and community/member-based savings and lending model.

Broad incumbents

• Malayan Savings Bank (Maybank Philippines thrift arm): The thrift/savings banking arm of Maybank Philippines, providing deposit products and consumer/auto/home loans to retail customers. Comparable to SESLA in offering a similar mix of savings and personal loans, but at substantially larger scale and serving a broader public customer base.
• BPI Direct BanKo (BanKo): A microfinance-oriented subsidiary of the Bank of the Philippine Islands serving unbanked and underbanked Filipinos with savings and small loan products. Comparable to SESLA's member-focused, small-ticket lending mission but operates as a commercial microfinance institution.
• Philippine Savings Bank (PSBank): One of the largest thrift banks in the Philippines, offering savings deposits, time deposits, and consumer/auto/home loans to retail customers. Comparable to SESLA in product mix (savings + personal loans), but operates at vastly larger scale and serves an open public market rather than a captive employer base.
• RCBC Savings Bank: Thrift banking arm of the Rizal Commercial Banking Corporation group, providing deposits and consumer loan products across the Philippines. Overlaps with SESLA on savings and personal lending but targets the general public rather than a single employer's membership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/assn.-of-pilipinas-shell-dealers

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shell Employees Savings and Loan Association