Armed Forces Financial Network

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Armed Forces Financial Network (AFFN)
Operating area United States, International
Members ±411
ATMs ±194,000
Founded 1985
Owner Defense Credit Union Council and Association of Military Banks of America
Website http://www.affn.org

The Armed Forces Financial Network (AFFN) is an interbank network with a mission to increase the versatility of participating financial institutions to better serve the U.S. military. It provides electronic financial transactions services to the military banking and defence credit union sector.[1] It connects approximately 346 banks and credit unions with over 500,000 ATMs and 2.3 million point-of-sale locations.[2][3] John M. Broda is the President and Chief Executive Officer of the Network.[4]

History[edit]

The Armed Forces Financial Network was founded in 1985 at the request of the United States Army to support the "Surepay" direct deposit initiative.[5] The AFFN's role in the Surepay initiative was to be one way U.S. military personnel could gain access to their money.

In 2017 the Armed Forces Financial Network launched a chip and pin travel card.[6]

References[edit]

  1. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40329879. Archived from the original on 19 January 2018. Retrieved 19 January 2018.  Missing or empty |title= (help)
  2. ^ "Armed Forces Financial Network and Air Force FCU Donate "Thank You" Gift Cards to the Lackland Fish - Defense Credit Union Council". www.dcuc.org. Archived from the original on 19 January 2018. Retrieved 19 January 2018. 
  3. ^ "Credit Union Joins Armed Forces Financial Network - CUInsight". CUInsight. Archived from the original on 19 January 2018. Retrieved 19 January 2018. 
  4. ^ "Armed Forces Financial Network Announces New President/CEO - Association of Military Banks of America". Association of Military Banks of America. 19 February 2014. Archived from the original on 19 January 2018. Retrieved 19 January 2018. 
  5. ^ "About Us". www.affn.org. Archived from the original on 19 January 2018. Retrieved 19 January 2018. 
  6. ^ "Armed Forces Financial Network Launches Travel Card - Association of Military Banks of America". Association of Military Banks of America. 6 August 2013. Archived from the original on 19 January 2018. Retrieved 19 January 2018.