Eglin bank earns national grant

Published: Wednesday, September 26, 2012 at 02:33 PM.

CRESTVIEW — The Armed Forces Financial Network awarded Eglin Federal Credit Union the 2012 AFFN Matching Grant as part of its Military Community Support Program.

“AFFN is proud to support Eglin FCU in service to our U.S. service members and their families through this unique partnership in giving,” AFFN Executive Vice President John Broda said. 

Eglin Federal Credit Union will use the grant to support Military Saves projects on Eglin AFB and Hurlburt Field, and the Okaloosa Saves Expo.

Since 2002, the credit union has worked with Okaloosa Saves, a local coalition of volunteers from financial institutions, clergy, educators, nonprofits, businesses and government agencies with the goal to increase financial management by area residents, resulting in increased savings and reduced debt.  

In 2004, Eglin Federal Credit Union helped launch Air Force Saves at Eglin Air Force Base, which served as a springboard for the Department of Defense to introduce Military Saves two years later.

The Armed Forces Financial Network is an electronic funds transfer network founded in 1985, co-owned by the Defense Credit Union Council and The Association of Military Banks of America.

It serves more than 353 defense credit unions and military banks, and 93 million cardholders, at more than 500,000 ATMs and 12.3 million merchant/retail locations globally.

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