Overview
What is Association Of Military Banks Of America?
The Association of Military Banks of America (AMBA) is a not-for-profit organization that serves as a bridge between financial institutions specializing in banking services for military personnel, veterans, and their families. This association, with its extensive network of members and partners, is dedicated to enhancing the financial readiness of the U.S. military and veteran communities. AMBA achieves this goal by providing financial products, services, and education while maintaining close relationships with major banking trade associations, such as the American Bankers Association and the Independent Community Bankers of America, as well as federal banking regulators.
Official website here: www.ambahq.org
Is Association Of Military Banks Of America legitimate?
Association Of Military Banks Of America is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of Military Banks Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $294,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,769
For more financial information, click here
Official website here: www.ambahq.org
What is the mission statement of Association Of Military Banks Of America?
The Association of Military Banks of America (AMBA) is a not-for-profit organization that serves as a representative for financial institutions providing worldwide banking services to military personnel, veterans, and their families. AMBA's mission is to foster a close working relationship with major banking trade associations such as the American Bankers Association and the Independent Community Bankers of America, as well as federal banking regulators. Their primary goal is to improve the financial readiness of the U.S. military and veteran communities by offering financial products, services, and education. By doing so, AMBA aims to help these individuals manage their finances effectively.
Official website here: www.ambahq.org
Who is the CEO of Association Of Military Banks Of America?
Steven J Lepper is the Chairman Elect of Association Of Military Banks Of America.
Official website here: www.ambahq.org
What is the revenue of Association Of Military Banks Of America?
Association Of Military Banks Of America's revenue in 2022 was $991,805.
Official website here: www.ambahq.org
Who are the executives of Association Of Military Banks Of America and what are their salaries?
The average compensation at Association Of Military Banks Of America during 2022 was $175,706. There are 2 employees at Association Of Military Banks Of America.
Here are 16 key members and their salaries:
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- Compensation: $294,644
- Related: $115,625
- Other: $15,820
Official website here: www.ambahq.org
Where can I find the form 990 for Association Of Military Banks Of America?
Association Of Military Banks Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ambahq.org
Learn more at the official website: www.ambahq.org
Mission Statement of Association Of Military Banks Of America
The Association of Military Banks of America, often abbreviated as AMBA, is a not-for-profit organization that serves as a representative body for financial institutions specializing in banking services for military personnel, veterans, and their families. With a strong commitment to improving the financial readiness of these communities, AMBA collaborates with its members and partners to provide financial products, services, and education.
At the heart of AMBA's mission is the desire to maintain a close working relationship with major banking trade associations in the United States, such as the American Bankers Association and the Independent Community Bankers of America. This collaboration allows AMBA to stay updated on industry trends and best practices, ensuring it can effectively serve its target audience. Furthermore, AMBA fosters a close relationship with federal banking regulators, ensuring that it remains compliant with regulations and can provide its members with the necessary guidance and support. By working together with these key stakeholders, AMBA is able to enhance the financial well-being of the U.S. military and veteran communities.
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Impact
October, 2024
The Association of Military Banks of America (AMBA) plays a vital role in enhancing the financial well-being of military personnel, veterans, and their families. By representing financial institutions that cater specifically to this community, AMBA ensures access to tailored banking services and products designed to meet unique needs.
Through collaboration with major banking trade associations and federal banking regulators, AMBA works to bolster financial readiness across the military and veteran communities. Its commitment extends to providing financial education and resources that empower service members and their families to make informed financial decisions, contributing positively to their overall financial stability.
AMBA’s influence is also seen in its advocacy efforts, which aim to improve policies and services affecting military banking. By focusing on the distinct challenges faced by service members, such as frequent relocations or deployments, AMBA enables financial institutions to better serve this population, resulting in enhanced access to essential financial services that promote long-term economic resilience.
This information is meant to be a general summary of Association Of Military Banks Of America. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $861,733
- Program Service Revenue: $130,072
- Gross Receipts: $991,805
Assets and Liabilities:
- Total Assets: $9,615,106
- Total Liabilities: $2,071
- Net Assets: $9,613,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP
Revenue
$108,049
DUES
Revenue
$22,022
AFFILIATION FEES
Revenue
$1
Organization Details
Founding Year
1959
Phone
(540) 347-3305Principal Officer
Steven J Lepper
Main Address
2300 WILSON BLVD SUITE 700 1042, ARLINGTON, VA, 22201
Website
www.ambahq.orgNTEE Category
Code: W03 - Public benefit
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