Financial institutions who wish to serve the military community have found the Armed Forces Financial Network (AFFN) to be a valuable corollary to their other financial services.
AFFN was founded in 1985 at the request of the U.S. Army in support of the "Surepay" direct deposit system, to provide U.S. Military personnel (active, reserve, dependents, and retired) with access to their funds through ATM and POS terminals at or near U.S. Military bases worldwide. AFFN's mission is to increase the versatility of participating financial institutions to better serve the U.S. Military.
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.
The Defense Credit Union Council, Inc., is an organization of approximately 260 federal and state chartered credit unions. Formally organized in 1963, membership in the Council is restricted to those credit unions whose field of membership includes a well-defined segment of military and/or civilian personnel of the U.S. Defense establishment. Individual member growth is over 13 million, and assets are over $100 billion. Twenty-two of the top 100 and 13 of the top 50 credit unions are members of DCUC.