MAY 3, 2021 - In 1904 a group of naval officers, their wives and a few friends founded the Navy Marine Corps Relief Society (NMCRS) after they recognized the need for medical and pay assistance for the troops. Instead of “passing the hat” to collect money, Marines and Sailors now had a resource to relieve their financial burdens. The NMCRS initially generated funds from the … [Read more...]
Financial Literacy Key to Good Credit, Healthy Finances
APRIL 9, 2021 - The staff of Fort Campbell’s Army Community Service-Financial Readiness program strive to empower Soldiers and Families to understand and take charge of their finances. ACS-Financial Readiness also works with personal finance counselors who are embedded at brigades and major units across the installation. “They are embedded at the units to be the Soldiers’ … [Read more...]
Buying a Home As a Veteran: 4 Things You Should Consider
Buying a home is no small feat. Not to mention, as a former military service member, there’s a lot to consider before taking this big step. From the location to the house size, making this choice will require careful planning ahead. Here are just a few things you should consider before you begin your house search. Your Loan Options Applying for a loan is an important step … [Read more...]
Navy Modernizes Tuition Assistance Debt Payments
JANUARY 4, 2021 - The Navy has modernized the way Sailors, Marines, and Coast Guardsmen can pay back tuition assistance (TA) debts beginning in January 2021. The new program provides service members with the option to pay their debt on a mobile device or computer using a debit card, electronic funds transfer (EFT) or via a PayPal account. Credit cards will not be accepted … [Read more...]
Soldiers, Civilians to Repay Tax Deferments Through December 2021
DECEMBER 31, 2020 - The Defense Finance and Accounting Service is planning to extend payroll collections for Soldiers and Army civilians through December 2021 to reimburse a tax deferment designed to support personnel during the COVID-19 pandemic, officials said. A presidential memorandum signed in August temporarily paused a portion of Social Security, called Old Age, … [Read more...]