• 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.

  • 2015 AMBA WORKSHOP
    2015 AMBA WORKSHOP

    The AMBA 2015 Workshop will be held August 29 - 2 September, 2015 at the Lansdowne Resort in Leesburg, Virginia.  Click here for more information.

     

  • 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

  • 27 March, 2015 Deployment: More Reasons to Save, and More Options Too!

    By Laura Roler, Military Saves Associate, AFC® Candidate, FINRA Military Spouse Fellow

    Deployment - before, during, and after - can be a stressful time to say the least! Thankfully, there are some benefits offered during deployments that can help offset the inconvenience, help you get ahead, and improve your financial readiness. Take a look at the following savings options, and plan to take advantage of them for your next deployment.

  • 19 March, 2015 3 Tips to Avoid Pension Advance Traps

    From the Consumer Financial Protection Bureau blog, March 16, 2015 www.consumerfinance.gov

    A growing trend in the financial marketplace is the "buying" of pensions or a portion of pension payments for a lump sum or cash advance.  These cash advances offered by pension advance companies can have major repercussions and decrease future pension payments with high interest and fees.  The Consumer Financial Protection Bureau released a blog and included a printer-friendly handout to share tips to protect pension funds.  See the three tips below and share with those you know who may be considering this as an option.

  • 09 March, 2015 Association of Military Banks of America Announces a New Chief Operating Officer

    Andrew M. Egeland, Jr., President and CEO of the Association of Military Banks of America (AMBA), is pleased to announce AMBA’s new Chief Operating Officer, Steven J. Lepper. Mr. Lepper comes to AMBA as the former Acting Director and Deputy Director of the American Bar Association's Rule of Law Initiative and after thirty-five years as an Air Force judge advocate.

  • 06 March, 2015 Department of the Navy Call for 2014 Distinguished Bank of the Year Awards

    FMO is opening the process for the 2014 Department of the Navy (DON) Distinguished Bank Award.  Attached is a copy of the DON Distinguished Bank Nomination Guidance and 2014 DON Distinguished Bank Award Nomination Form.  

  • 03 March, 2015 Regulatory Agencies Release Guidance to Encourage Financial Institutions’ Youth Savings Programs During Military and America Saves Week

    What a week!  Last week was Military Saves Week 2015.  A week to kick-off the year-long campaign for Military Saves.  Military installations, financial educators, military banks and credit unions, non-profit organizations, military service organizations and many, many others came together for the week to encourage the military community to save more successfully.  Set a goal, make a plan and save automatically was the theme this year.

    Coincidentally, it was also America Saves Week, and the discussion about the importance of saving was heard far and wide throughout the country.  In addition, the Financial Literacy and Education Commission (FLEC) held its quarterly meeting.  The FDIC, OCC, Department of the Treasury and many other government, public and private sector organizations, including the Department of Defense (21 total organizations) attended the FLEC meeting which focused on a new initiative; Starting Early for Financial Success.  “The Commission will now focus on improving Americans’ financial capability in childhood, a critical time in an individual’s financial education.” Treasury’s Under Secretary for Domestic Finance, Mary Miller said in last week’s meeting.