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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.
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.
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]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
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 ...
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American Armed Forces Mutual Aid Association (AAFMAA) is a Virginia-based not-for-profit, tax-exempt, member-owned association that provides diversified financial services, including life insurance, investing and trust services, mortgage services, and survivor services to the U.S. Armed Forces communities. [1]