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At that time, all Air Force financial management functions were consolidated under the Air Force Comptroller (a military position filled by a lieutenant general). The office of the Air Force Comptroller was disbanded on 1 July 1989 when the position of Assistant Secretary of the Air Force (Financial Management and Comptroller) was re-established.
The Armed Forces Financial Network was founded in 1985 at the request of the United States Army to support the "Surepay" direct deposit initiative. [5] The AFFN's role in the Surepay initiative was to be one way U.S. military personnel could gain access to their money.
Armed Forces Bank was founded in 1907 in Fort Leavenworth, Kansas, where it is currently headquartered. [1] [2] AFB and its sister bank, Academy Bank, are owned by Dickinson Financial Corporation (DFC), which is headquartered in Kansas City, Missouri. [3] [4]
The Defense Finance and Accounting Service (DFAS) is an agency of the United States Department of Defense (DOD), headquartered in Indianapolis, Indiana.The DFAS was established in 1991 under the authority, direction, and control of the Under Secretary of Defense (Comptroller)/Chief Financial Officer to strengthen and reduce costs of financial management and operations within the DOD.
Its main responsibilities are to control the Armed Forces of the United States. The department was established in 1947 and is currently divided into three major Departments—the Department of the Army, Navy and Air Force—and has a military staff of 1,418,542 (553,044 US Army; 329,304 US Navy; 202,786 US Marine Corps; 333,408 US Air Force). [1]
The Air Force selected Ellsworth Air Force Base as the site for its finance center from more than 80 candidate locations. [2] It was chosen because the base had existing facilities with 110,000 square feet (10,000 m 2) of available floor space as well as good force protection and communications infrastructure. In addition, the area's cost of ...
Air Academy Credit Union is a credit union in Colorado, United States. AACU provides comprehensive financial products and services, and online financial management systems. AACU has eight branch locations. It has over $800 million US in assets and over 49,000 members worldwide. [1]
Established in 1956 as the United States Air Force Security Service Federal Credit Union, the credit union first opened its doors at Kelly Air Force Base in San Antonio, Texas, with eight members and $25 in deposits. In 1968, the board of directors voted to shorten the credit union’s name to Security Service Federal Credit Union.
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