The Association of Military Banks of America (AMBA) presented Army Emergency Relief (AER) a check for $25,000 during a short ceremony at AER Headquarters in Alexandria, Va.
The check was presented to retired Army Lt. Gen. Robert F. Foley, AER’s director (left), by retired Air Force Maj. Gen. Andrew M. Egeland, Jr., president and CEO of AMBA.
AER is a private nonprofit organization incorporated in 1942 by the Secretary of War and the Army Chief of Staff with the sole mission of helping soldiers and their dependents. AER is the Army's own emergency financial assistance organization and is dedicated to "Helping the Army Take Care of Its Own". AER provides commanders a valuable asset in accomplishing their basic command responsibility for the morale and welfare of soldiers.
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 designed by the United States Treasury. Founded in 1959, the association’s membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation. For over fifty years, AMBA has been instrumental in helping its members serve the financial needs of military personnel and their families.
AMBA promotes financial education for military members and their families and plays a key role as a partner in the Department of Defense’s Financial Readiness Campaign. In a recent study by the Office of the Deputy Assistant Secretary of the Army (Financial Operations), on-base financial institutions were found to have lower fees than their off-post counterparts.