#United States #Armed Forces Bank #Veterans Saves #Financial Well-Being #Leavenworth

Armed Forces Bank Recognized for Commitment to Veterans' Financial Health

In a significant acknowledgment of its commitment to the financial health of veterans, Armed Forces Bank has been honored with two prestigious awards from the Consumer Federation of America (CFA). As a full-service military bank established in 1907, it has long dedicated itself to serving the unique financial needs of military personnel and their families.

The accolades include the Veteran Saves Week "Community Impact Award" and the "Designation of Savings Excellence" award. These honors, awarded during the Veteran Saves Week in November, emphasize the bank's innovative approaches and dedication to helping veterans achieve their financial goals.

The Veteran Saves initiative, under the America Saves program, aims to provide veterans with tools to improve their financial well-being, encouraging them to make a pledge towards saving. Armed Forces Bank emerged as the sole recipient of the Community Impact Award out of over 887 participants, showcasing its effectiveness in promoting savings strategies among veterans.

According to the CFA, the bank's proactive methods have doubled the chances of veterans successfully saving by empowering them to create focused savings plans. During a four-day campaign following Veterans Day, participating organizations, including Armed Forces Bank, reached over 4.1 million people, promoting nearly $1.7 million in new savings deposits and encouraging veterans to collectively pledge $418,000 towards their savings objectives.

Tom McLean, Senior Vice President and Regional Military Executive of Armed Forces Bank, expressed pride in the recognition, stating, "These awards honor our steadfast commitment to meeting the unique needs of military service members and their families. Regardless of where they are stationed or deployed, we strive to provide them better banking solutions and valuable advice."

Innovative Solutions Tailored for Military Clients

Erasing boundaries to financial stability is at the core of Armed Forces Bank's mission. The bank has developed specific services tailored to the unique circumstances of military families.

• - Rewards Checking: This service aids military families by offering specialized rewards, local and national discounts, along with cash-back benefits on online shopping.
• - VA Lending Expertise: As an approved VA lender, the bank simplifies the process for veterans, ensuring that every step is handled with precision and care, inherent in their organizational culture.
• - Credit Building Solutions: The bank offers a Credit Builder Secured Visa Credit Card, allowing clients to establish or enhance their credit by depositing funds that serve as their credit limit.
• - Financial Knowledge Sharing: Through the bank's podcast, "Militarily Speaking," listeners can gain insights and success stories, learning prevalent financial strategies that can enhance their financial trajectories.

Paul Holewinski, Chief Executive Officer of Armed Forces Bank, remarked, "It's a privilege to serve our military customers, and we take pride in the services we offer to help them succeed financially. Each of our products is specifically designed with our clients' individual needs in mind. The recognition from the CFA is appreciated, but our true reward lies in clients reaching their financial aspirations."

A Legacy of Service and Commitment

Headquartered in Leavenworth, Kansas, Armed Forces Bank has established a reputation for being a steadfast ally in the pursuit of financial wellness among service men and women. With around $1.4 billion in assets, it operates as a wholly owned subsidiary of Dickinson Financial Corporation, demonstrating both its size and its unwavering commitment to serving those who serve.

Approximately 75% of the bank's associates maintain a connection to the military, enhancing the organization's understanding and empathy towards the challenges faced by its clientele. By providing accessible and affordable banking services with a focus on community impact, Armed Forces Bank remains a vital resource for military families nationwide.

With continuous improvements and an innovative approach, the bank is poised to make even greater strides in supporting the financial well-being of veterans in the years to come.

For more information about their offerings and commitment to serving military families, visit www.afbank.com.