Posted on Aug 4, 2014
What are the best military accredited banks or credit unions.
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In your experiences what has been the best military (DOD) approved bank or credit union? Just thought I would ask this question to the RP community for the benefit of anyone looking for a good military geared financial institution.
Posted in these groups: 
Banking
Investment Banking
Banking Investment Banking
Edited >1 y ago
Posted >1 y ago
Responses: 8
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I use a combo of USAA and Navy Federal. Navy is handy if you need to do anything in a local branch.
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MSgt (Join to see)
I have used Navy Federal while visiting our son at Fort Stewart and Fort Belvoir very handy. They are co-op with my credit union here in Washington State.
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MAJ Robert (Bob) Petrarca
I have a Navy Fed in Newport (about 40 minutes away) though. Thanks for the advice.
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I'm not sure that DoD accredits any bank or credit union.
Based on my experience, USAA is about the best bank I've ever worked with. As far as Credit Unions go, I have worked with Wright Patterson Credit Union for both a refinance on a mortgage and several car loans and find them to provide very good service and very competitive rates (and they are local to me).
Based on my experience, USAA is about the best bank I've ever worked with. As far as Credit Unions go, I have worked with Wright Patterson Credit Union for both a refinance on a mortgage and several car loans and find them to provide very good service and very competitive rates (and they are local to me).
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MSgt (Join to see)
MSG Wade Huffman I stand corrected I should have put approved by, thank you.
Founded in 1959, the Association of Military Banks of America (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 designated by the U. S. Treasury. The association's membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation.
AMBA Member Institutions:
DoD approved, federally insured banking institutions or branches of such institutions located in a military establishment or on a military installation.
Banking institutions or branches thereof serving military personnel but not located on a military establishment.
Commercial corporations involved in the financial industry and providing bank-related materials and services.
Founded in 1959, the Association of Military Banks of America (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 designated by the U. S. Treasury. The association's membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation.
AMBA Member Institutions:
DoD approved, federally insured banking institutions or branches of such institutions located in a military establishment or on a military installation.
Banking institutions or branches thereof serving military personnel but not located on a military establishment.
Commercial corporations involved in the financial industry and providing bank-related materials and services.
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We have a savings account with USAA so that we can use ATMs anywhere free of charge, in effect. We make more extensive use of Navy Federal - and our other "bank" is a non-DoD affiliated Federal Credit Union. I started using Navy Fed when I was mobilized to Bahrain in 2003 and have been very happy with them.
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