News Archives - Association of Military Banks of America

Call for 2025 Air Force Annual Bank of the Year Nominations

February 24, 2026

The Office of the Assistant Secretary of the Air Force is now accepting nominations for the 2025 Bank of the Year Award. These awards recognize on-base financial institutions that provided exceptional service and enhanced the financial well-being of the military community during calendar year 2025. Installation commanders may submit nominations highlighting outstanding achievements in: Complete nomination packages, including a commander’s letter, nomination form, and operating agreement, must be submitted no later … Continued

2025 Department of the Navy Distinguished Bank Award Nominations Now Open

February 6, 2026

By Omuso George

The Department of the Navy is now accepting nominations for the 2025 Distinguished Bank Award. This recognition honors on-base financial institutions that provide outstanding service and meaningful support to installation personnel throughout the year. On-base banks play an essential role in offering valuable resources such as financial education and counseling, checking and savings services, special loan … Continued

2025 Department of the Army Bank of the Year Award Nomination Window Now Open

January 29, 2026

By Omuso George

The nomination window for the 2025 Department of the Army Bank of the Year Award is now officially open. These prestigious awards recognize on-post financial institutions that have demonstrated exceptional commitment to strengthening the financial readiness and resilience of Soldiers, Civilians, and their Families over the past year. Garrison Commanders and Liaison Officers are encouraged … Continued

Joint Trades Letter Opposing Durbin-Marshall Bill (S. 3623/HR 7035)

January 28, 2026

By Emma Parsons

AMBA joined a coalition of major banking, credit union, and payments industry associations in a joint letter to Congress on January 22, 2026, urging lawmakers to oppose the proposed Credit Card Competition Act (the Durbin–Marshall bill) and any expansion of the Durbin amendment. The letter reiterates that increased federal intervention in the credit card market … Continued

Why a 10% Credit Card Interest Rate Cap Would Harm the Very Service Members It Aims to Protect

January 15, 2026

By Omuso George

The Association of Military Banks of America (AMBA) supports strong, effective consumer protections for service members and their families. However, a proposed policy to impose a 10% cap on credit card interest rates would have unintended and harmful consequences for military consumers, particularly junior enlisted personnel and those with limited credit histories. While the proposal … Continued

AMBA Joins National Trade Associations Urging Senate Action on Stablecoin Legislation

January 14, 2026

By Omuso George

The Association of Military Banks of America (AMBA) has joined a broad coalition of national banking and credit union trade associations in a joint CEO letter urging the U.S. Senate to close a critical legal loophole that could significantly reduce local lending across the country. The letter, signed by the chief executives of organizations representing … Continued

AMBA and DCUC Urge Congress to Reject the Credit Card Competition Act

January 12, 2026

By Omuso George

Washington, D.C. — On January 12, 2026, the Association of Military Banks of America (AMBA) and the Defense Credit Union Council (DCUC) submitted a joint letter to congressional leadership expressing strong opposition to the proposed Credit Card Competition Act (CCCA). In a rare alignment, banks and credit unions that serve military communities are united in warning that the legislation would … Continued

AMBA Announces Key Staff Transitions and Organizational Restructuring to Support Strategic Growth

December 5, 2025

By Omuso George

Washington, D.C. — The Association of Military Banks of America (AMBA) today announced several significant staff transitions and the introduction of a strengthened organizational structure designed to advance its mission to promote strong and innovative military banking. These changes reflect AMBA’s ongoing commitment to expanding its advocacy, enhancing member value, and elevating its impact across … Continued

AMBA Member Banks standing by to help during the Government Shutdown

October 6, 2025

By Eddie Pasa

If you have been affected by the government shutdown, we strongly encourage you to reach out to your financial institution to explore potential assistance options. Begin by contacting the institution where your direct deposit is processed, and then extend your inquiries to any other financial relationships you may have. In numerous cases, financial institutions may … Continued

Honoring Excellence: Military Departments Present 2024 Bank of the Year Awards

September 15, 2025

By Eddie Pasa

At the 2025 Military Banking Summit (MBS2025), the Departments of the Army, Navy, and Air Force proudly recognized banks whose service to military communities exemplifies partnership, innovation, and dedication. The 2024 Bank of the Year Awards highlight the critical role financial institutions play in supporting the financial readiness and resilience of service members and their … Continued

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