Armed Forces Bank named “Distinguished Bank of the Year” for 11 of the past 12 years; Also awarded the “Military Designation for Savings Excellence”

Armed Forces Bank was named “Distinguished Bank of the Year” by the Department of the Navy, which recognized Naval Base Great Lakes AFB (left to right David Fuqua, John Baeuchle, Tom McLean, Angela Boone)

No matter where they are stationed or deployed around the world, Armed Forces Bank strives to provide the best banking solutions and financial advice.

Armed Forces Bank (AFB) – a full-service military bank committed to serving those who serve since 1907 – has been named “Distinguished Bank of the Year” for 11 of the past 12 years. The Department of the Navy recognized the AFB at Naval Station Great Lakes in Illinois and the Department of the Air Force selected the AFB at Travis Air Force Base in California.

The award recognizes local financial institutions that have provided outstanding service to the community during the previous calendar year. In particular, AFB has been recognized for its leadership in serving military service members and their families with a wide range of banking services, settlement support and financial education. This year’s recipients – AFB at Naval Station Great Lakes and AFB at Travis Air Force Base – serve approximately 150,000 and 128,000 active duty and retired military personnel, government personnel and their families, respectively.

For calendar year 2021, the AFB received 13 combined nominations from all three service branches (Army, Air Force, and Navy) for the award given by Command Leadership at military installations across the country.

AFB was officially recognized at the annual workshop hosted by the Association of Military Banks of America (AMBA) held August 28-31 in Washington, DC.

Additionally, AFB was the only bank this year to earn the “Designation of Excellence in Savings” from Military Saves, which was also celebrated this week at the AMBA workshop. Of the 144 eligible financial institutions, only one bank – Armed Forces Bank – and five credit unions have been recognized. AFB is fortunate to have been honored with this designation for nine of the past 10 years. This coveted honor shines a light on banks and credit unions that have made an extraordinary effort to promote positive savings behaviors and have taken steps to improve the financial stability of members of their community. The Military Saves program is coordinated by the non-profit Consumer Federation of America and is designed to help military members and their families save money, reduce debt and build wealth. It is the only national award aimed at helping Americans improve their financial stability.

“We are honored to have received these two awards over many years, reflecting our unwavering commitment to meeting the distinct needs of service members and their families,” said Paul Holewinski, CEO of Armed Forces Bank and Dickinson. Financial Corporation. “No matter where they are stationed or deployed around the world, AFB strives to provide the best banking solutions and financial advice.”

With a constant focus on innovation to help military customers manage their finances effectively, wherever they are in the world, AFB now offers the HERO and Access Loan programs. These programs offer military-friendly financing options and the opportunity to put down roots:

  • The new HERO home loan available in all 50 states offers $0 lender origination fees and borrowers only pay third-party closing costs.
  • New Access Loan available 24/7 with a user-friendly app that puts borrowers in the driver’s seat for payment flexibility and immediate funding for loans from $750 to $15,000.
  • To be even more accessible, AFB is now available via Instagram and offers sound financial advice on its “Military Speaking” podcast.

The AFB’s recently launched Military Speaking podcast shares stories and offers information on financial practices, as well as strategies to help military members move forward. The podcast discusses military benefits that members should take advantage of to become more financially independent. Topics presented by representatives from a wide range of organizations provide unique perspectives and relevant programs that support the military community. Guests highlight resources that help service members prepare for important milestones, such as Permanent Station Changes (PCS) and the eventual transition to civilian life.

“As the unique needs of our military customers evolve, we continually strive to stay at the forefront of providing accessible, convenient and efficient service,” said Tom McLean, Senior Vice President and Regional Military Director of the Armed Forces Bank. “We consider it an honor to serve serving and retired military personnel and their families, all of whom are dedicated to serving our country.”

About the Armed Forces Bank

Armed Forces Bank, founded and based in Fort Leavenworth, Kansas, is a full-service military bank committed to serving those who serve since 1907. With 23 locations, Armed Forces Bank has more installation locations than any bank country’s military. Armed Forces Bank provides affordable, personal and convenient banking and financial services to serving and retired military, and civilian customers in all 50 states and around the world. Armed Forces Bank has $1.2 billion in assets and is a wholly owned subsidiary of Dickinson Financial Corporation, a $3.5 billion bank holding company headquartered in Kansas City, Missouri. Armed Forces Bank’s sister bank, Academy Bank, is a full-service community bank with more than 70 branches in Arizona, Colorado, Kansas, and Missouri. To learn more, visit FDIC member.

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