• MILITARY BANKS SUPPORT THE MILITARY COMMUNITY
    MILITARY BANKS SUPPORT THE MILITARY COMMUNITY

    Founded in 1959, the Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations.

  • AMBA FALL WORKSHOP 2014
    AMBA FALL WORKSHOP 2014

    2014 AMBA Annual Fall Workshop (17-20 August) was a huge success - thank you to all presenters, sponsors, and attendees! For more information about this event, click here.

     

  • 2014 AMBA ANNUAL PARTNERSHIP SUPPORT
    2014 AMBA ANNUAL PARTNERSHIP SUPPORT

    Each year the Association of Military Banks of America provides partnership support to several military support organizations.

Who is the Association of Military Banks of America?

Founded in 1959, the Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations, banks not located on military installations but serving military customers, and military banking facilities designated by the U. S. Treasury. The association's membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation.

AMBA Member Institutions:

  • DoD approved, federally insured banking institutions or branches of such institutions located in a military establishment or on a military installation.
  • Banking institutions or branches thereof serving military personnel but not located on a military establishment.
  • Commercial corporations involved in the financial industry and providing bank-related materials and services.

Recent Blogs

  • 16 December, 2014 USAA Opens Two ATM locations at West Point, Branch Opening Soon

    USAA is opening its first brick-and-mortar branch location outside of San Antonio, Texas at West Point, New York.  Already the bank has two operational Automated Teller Machines (ATMs) on West Point at Eisenhower Hall and Michie Stadium.  USAA also offers over 20 face-to-face Financial Centers in local communities where members can receive banking, insurance, investment and retirement advice – including one in Highland Falls, NY just outside West Point.

  • 15 December, 2014 Student Loan Debt – 3 Tips to Not Let it Get the Best of You

    Student loan debt is the fastest growing debt category in the nation and has hit an all-time high of $1.2 trillion.  It is the second largest debt category behind mortgages.  According to Experian’s data, 40 million consumers have at least one open student loan and about 32% are between the ages of 18 and 34.  However, the student loan debt our country is carrying cannot only be thought of as a millennial issue.  Those 65 years and older, presumably retirement age, hold only 4% of the debt but with a huge balance of $18.2 billion.  

  • 01 December, 2014 Allotment System Update – Effective January 1, 2015

    Discretionary allotments are changing.  As of 1 January 2015 the Department of Defense will enforce new policy changes to the allotment system.  Right now servicemembers are able to make six discretionary allotments for multiple types of payments, transfers, and savings deposits.  This is changing.  On January 1 servicemembers will no longer be able to set up allotments for payments to buy, rent or lease any personal property.  In this recently released DoD Fact Sheet prohibited items include, but are not limited to, vehicles, appliances or household goods, electronics, and other consumer items that are tangible and movable.

  • 17 November, 2014 Mr. Juan A. De Jesus presented the Department of Defense Distinguished Civilian Service Award

    On Friday, November 7, 2014 at the Pentagon conference center the Association of Military Banks of America’s good friend, Juan De Jesus, was presented the Department of Defense Distinguished Civilian Service Award.  Juan, along with 7 other recipients, were recognized for their exceptional work with the Department over their career.  Mr. De Jesus’ award notation is below.  "Congratulations Juan" it is an honor to work with you.

  • 27 October, 2014 Pillars of Personal Financial Success – Security Clearance and Financial Concerns

    part 8 of an 8 part series

    A security clearance is not only important, but usually essential, when you are serving in the military.  There are specific guidelines for acquiring and maintaining a security clearance.  Personal financial troubles can be a factor in obtaining and preserving a security clearance.  In fact, according to Military.com in their guideline on financial considerations, a financial concern is stated as “an individual who is financially overextended is at risk of having to engage in illegal acts to generate funds” and other conditions that could raise a security concern such as “a history of not meeting financial obligations” and an “inability or unwillingness to satisfy debts” among the others.