• 2015 AMBA PARTNERSHIP SUPPORT
    2015 AMBA PARTNERSHIP SUPPORT

    AMBA is proud each year to be able to contribute to the efforts of these wonderful organizations.

  • 2015 AMBA WORKSHOP - ANOTHER SUCCESSFUL PROGRAM
    2015 AMBA WORKSHOP - ANOTHER SUCCESSFUL PROGRAM

    The AMBA 2015 Workshop was held August 31 - 2 September, 2015 at the Lansdowne Resort in Leesburg, Virginia.  Click here for more information and wrap-up.

     

  • Gearing Up for Military Saves Week 2016
    Gearing Up for Military Saves Week 2016

    AMBA Member Banks have supported Military Saves Week since inception in 2007.  See how you can participate.

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

  • 05 February, 2016 myRA – What it Is and What it Isn’t

    The myRA (my Retirement Account) was announced by the President in his 2014 State of the Union Address and in 2015 became available to the mainstream.  It is a new government-backed retirement account.  As with all new products, it is sometimes hard to understand how it may or may not work for you.  The below comparisons should help you decide if myRA is a good option for you or someone in your family.

  • 02 February, 2016 Military Lending Act - DMDC Direct Connection Information

    Each week, the Defense Manpower Data Center (DMDC) holds a conference call to review its progress toward implementation of the Military Lending Act “Final Rule” requirement that, with only a few exceptions, any loan extended to any borrower must be preceded by a “covered borrower” check.  Essentially, this check is required to determine whether the borrower is an active duty military member or dependent and therefore “covered” by the MLA’s provisions.  See agenda and Q & A tracking document from the last meeting on 2 Feb 2016.

  • 01 February, 2016 The Department of the Air Force Announces their Call for 2015 Bank of the Year Award Nominations

    The Air Force has sent their call for nominations to the field.  The below communication was sent to Air Force installation commanders and includes the service-level BLO contact information.  The nomination suspense is 31 March 2016.

  • 15 January, 2016 CFPB Releases Guide to Help Consumers Navigate Pension Payouts

    Guide Highlights Trade-Offs Between Lump-Sum and Lifetime Monthly Payout Options

    From the CFPB Press release dated January 12, 2016

    WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is releasing a guide to help consumers navigate their pension payout options and make the right decision about their retirement income. The guide gives near-retirees the information they need to understand the trade-offs of taking their pension in a monthly payment or in a lump sum.

  • 30 December, 2015 Military Banks Can Help You Make Saving Automatic During Military Saves Week 2016

    During Military Saves Week 2016 the Association of Military Banks of America (AMBA) and its member banks can help you save successfully!   This year’s theme is “Make Saving Automatic”!  Saving automatically can be used for many types of savings goals; saving for an emergency should be one of your top savings goals.  You can set up automatic savings into a savings account in a couple different ways.