Presentations text content in AFCPE Conference CPT John B. Schulke, Jr.
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AFCPE ConferenceCPT John B. Schulke, Jr.Department of the Army Banking Officerjohn.schulke@us.army.mil16 November 2011Unclassified
US Army Financial Management Command
Slide2Banking Officer RolePartnershipsBanks & Credit UnionsOversightRegulation/PolicyMajor ProvisionsBanking IssuesConsumer IssuesCommunication ToolsWay AheadAgenda2
Slide3Training With Industry Banking ProgramAdvisor to ASA (FM&C) on Banking IssuesDomestic and OCONUS Banks and Credit UnionsOverseas Military Banking ProgramTrain, facilitate, resolve banking and consumer financial related issuesBanking Officer Role3
Slide4Defense Credit Union Council (DCUC)Association of Military Banks of America (AMBA)Office of Secretary of Defense (Comptroller) and (Personnel and Readiness)Office of Servicemember AffairsASA Manpower and Reserve AffairsIMCOM G-9 Family & MWR Programs Army Community ServiceArmy and Air Force Exchange ServicesPartnerships4
Slide5Financial Products and Services for personnel ATMs, Checking & Savings Accounts, Check Cashing, etc.Disbursing Officer Cash RequirementsFurnishing Cash and Deposit Accounts for organizationsTreasury General AccountsBanks & Credit Unions5
Slide6Office of Secretary of Defense (C): Writes policyDefense Finance and Accounting Service (DFAS) DoD Banking and Credit Union Office: Enforces policyMilitary Service Banking Officers: Enforces policy for respective service and trains personnelOversight6
Slide7Department of Defense Instruction (DoDI) 1000.11 – Financial Institutions (FIs) on DoD InstallationsDoD Financial Management Regulation, Volume 5, Chapter 34DoDI 1344.07 – Personal Commercial Solicitation on DoD InstallationsDoDI 1342.27 – Personal Financial Management for Service MemberCurrently being coordinated for reissuance under DoDI 1342.22 – Military Family ReadinessRegulation/Policy7
Slide8DoDI 1000.11 – Financial Institutions (FIs) on DoD Installations“No more than one banking institution and one credit union…shall be permitted to operate on a DoD installation…”DoD FMR Vol 5, Ch 34 “implements DoD Instruction 1000.11, and prescribes guidance governing the establishment, support, operation and termination of banks and credit unions operating on DoD installations worldwide…”DoDI 1344.07 – enforce the provision of paragraphs:6.6.3 and 6.6.4 – sponsorships, advertising, and presentation of competitive literature
6.7.5 and 6.7.6 – providing financial education and counseling
DoDI
1342.27 – enforce the provision of paragraphs:
5.2 and 5.3 – financial education requirement for on-base FIs
Major Provisions
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Slide9DoD FMR Vol 5, Chapter 34340305 K. - “Encourage and assist duly chartered FIs on domestic DoD installations to provide complete financial services to include, without charge, basic financial education and counseling services.”340307 H. – Installation Commanders shall: “Seek the provision of financial services only from existing on-base FIs, proposing alternatives only where on-base FIs fail to respond favorably to a valid requirement.”340409 A. – “Officials of on-base FIs shall be invited to take part in seminars to educate personnel on personal financial management and financial services. FIs shall be encouraged to provide financial education and counseling services as an integral part of their financial service offerings.”Briefings and materials submitted in advance …not used to promote services...
Major Provisions
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Slide10Bank/Credit Union Liaison Officer (BLO/CULO) Roles and ResponsibilitiesDoD FMR Vol 5, par 340508 & 340709Vital link between the Installation Commander and FIMonitors On-base Financial ServicesAttend financial workshops, conferences, and seminars.Keeps FIs informed of developments impacting servicesEnsures lease and operating agreement are currentAssist in resolving customer complaints about servicesMajor Provisions10
Slide11Advertising violationsSolicitations/SponsorshipsUnauthorized financial services (i.e. ATM)Base access for employees of FIsFinancial education and counselingBanking Issues11
Slide12Financial Reform LawOffice of Service Member AffairsConsumer Financial Protection BureauFeesOverdraft programsRegulation E Opt-inConsumer Issues12
Slide13Website/NewsletterDatabase of Liaisons and Financial Readiness Program ManagersMilitary Saves CampaignAnnual ConferencesCommunication Tools13
Slide14Website14http://asafm.army.mil/offices/fo/usafincom-abp.aspx?OfficeCode=1500
Slide15Newsletter15
Slide16Training of BLO/CULOs and CommandersCultivate relationships with on-base FRPMs, BLO/CULOs, FI, and sponsorship officesFinancial Education and TrainingRegular meetings with stakeholdersWay Ahead16
Slide17Contact InformationCPT John Schulkejohn.schulke@us.army.mil(703) 693-2698, DSN 223Army Banking Program:armybankingprogram@conus.army.milhttp://asafm.army.mil/offices/fo/usafincom-abp.aspx?OfficeCode=1500Questions17
AFCPE Conference CPT John B. Schulke, Jr.
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