Meralco Employees Savings and Loan Association, Inc.

MESALA INC. was incorporated on July 3, 1934 with the primary purpose of fostering, promoting and cultivating the habit of thrift and savings among its members and as such, exercises and executes the powers, prerogatives and privileges inherent in and granted to savings and loans corporations, for the benefit and interest of its members.

During its maiden year, there were only 25 members of the Association. They contributed savings and capital deposits that became the initial working fund of the Association to finance easy loans granted to members instead of salary advances. This has helped them cope with the tight financial situation that prevailed then.