• 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

  • 11 May, 2015 It Could Happen to You: The Story of my PCS

    This June the Association of Military Banks of America (AMBA) is asking the military community to share stories about how your military bank has helped you.  See official contest information here. 

    At the Association of Military Banks of America (AMBA) we are always pleased to hear stories about how military banks are helping their customers out of sticky situations or offering assistance when there is nowhere else to turn.  Additionally, military banks often employ military spouses – we would love to hear those stories as well.  This is an opportunity for the entire military community to hear those stories.  Every day military banks are providing services and supporting their military communities and we want to use this occasion to express our thanks to them!

    Here is a great example of how Fort Hood National Bank helped this Soldier who was PCSing across multiple states and needed some immediate assistance.

  • 01 May, 2015 Retirement Overhaul and Increased Financial Education in Mark Up of FY2016 NDAA

    The House Armed Services Committee is currently working on their markup for the FY 2016 National Defense Authorization Act (NDAA).  The personnel subcommittee is focusing on recommendations from the Military Compensation & Retirement Modernization Commission (MCRMC).  These changes are complex and your military bank can be a resource to help you understand how they will relate to your overall financial well-being.

  • 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.