US ARMY ROUNDTABLE DISCUSSION

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US ARMY ROUNDTABLE DISCUSSION

• 2005 DCUC CONFERENCE
• CHARLESTON, SOUTH CAROLINA
• AUGUST 21, 2005

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INTRODUCTION

• MAJ Charles A. Taylor, DA Credit Union Officer
• (Training With Industry (TWI) Graduate)
• Assigned to US Army Finance Command which is a
  Field Operating Agency of the Army Secretariat
• Telephone [phone]
• E-Mail tony.taylor1_at_hqda.army.mil

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AGENDA

• DoD ID Cards for Credit Union Employees
• One Bank One Credit Union Rule
• (DoDFMR Vol 5, Ch 34, Appendix A, 4.1.1)
• DoDD 1344.7 Personal Commercial Solicitation
  on DoD
• Installations
• DoDI 1342.17 Personal Financial Management for
  Service
• Members
• Lease and In-Kind Consideration (IKC) Information

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AGENDA(Continued)

• Contingency Banking Support
• Bank/Credit Union Liaison Officer Guide
• Questions

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DoD ID Cards for Credit Union Employees

• Historical Challenges
• CAC Cards issued labeling employees as
  Contractors
• Re-write of USAREUR Regulation 600-700, ILS
• Issue raised to DOD ID Card Policy Office
  (Defense Human Resources Activity (DHRA))
• Way Ahead
• DHRA meeting to vet requirements, decide on
  type of card More than likely to be DD 2765
  (Teslin Card)
• Formal Memorandum submitted requesting DoD
  Policy
• Change Request Proposal submitted to effect
  change in DEERS and RAPIDS systems
• Will affect stateside and OCONUS CU Employees
  as DoD Policy
• IAGW Policy should be in place by year
  endMore to follow

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One Bank One Credit Union Rule(DoDFMR Vol 5,
Ch 34, Appendix A, 4.1.1)
Delegated to the Military Departments on November
19, 2003

• Policy remains enforced and strong
• Services continue to remain uniform with
  administration and execution
• Challenges have surfaced and been addressed IAW
  with policy
• More to followalways on guard

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DoD Directive 1344.7Personal Commercial
Solicitation on DoD Installations

• Attended Public Hearings in Virginia (03 05)
  Accepted comments
• Changes from previous Directive
• Reporting
• Services must report solicitation revocations to
  DoD
• Financial Education
• Set policy for non-governmental organization
  participation
• Must be 501 (c) 3 no investment/insurance
  company agents
• Commercial sponsorship
• Written permission to use personal contact
  information
• Solicitation evaluation
• Solicitors must present to clients clients
  choice to fill out
• Designed to detect violations of DoD
  solicitation policy
• To be finalized and published September 05

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DoD Instruction 1342.17Personal Financial
Management for Service Members

• DoDI 1342.17 Approved/accepted comments
  Published Nov 04
• Document references on-base banks and credit
  unions throughout
• Under Secretary of Defense (Comptroller)
  (USD(C)) is responsible for the policy governing
  financial education requirements for
  on-installation banks and credit unions IAW
  DoDFMR Vol 5, Chapter 34
• Secretaries of the Military Departments and the
  Heads of DoD Components shall monitor to ensure
  on-installation banks and credit unions comply
  with the financial education requirementsPreferen
  ce should be extended to on-installation
  financial institutions (FI) to conduct financial
  education training and financial counseling.
• Your charter to do everything you can to
  provide Financial Education

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DoD Instruction 1342.17Personal Financial
Management for Service Members

• Requirements to be provided by DoD
• Extended absence financial plan
• Information/instruction be available to
  facilitate life events
• Counseling services be available
• Outreach programs for spouses
• Instruction for Guard and Reserve members
• Limits on outside sources who can provide
  education
• Professionally qualified member of Family
  Assistance Center
• Supervisors understand financial protections for
  subordinates
• Junior Service members must be able to apply
  basic principles for each topic listed on next
  slide

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DoD Instruction 1342.17Personal Financial
Management for Service Members

• Within 3 Months of arriving at Service Members
  first duty station, they must
• demonstrate a basic understanding of the
  following
• Standards of conduct and ethical financial
  behavior, consequences of indebtedness, and
  managing personal affairs
• Servicemens Group Life Insurance (SGLI),
  survivor benefits, and commercial insurance
• Understanding pay and the leave and earning
  statement (LES)
• Check book management, setting financial goals
  and establishing a spending plan
• Credit management
• Use of the official government credit card
• Establishing savings
• Buying a car
• Consumer scams
• Where to get personal financial management and
  legal guidance and assistance at the installation

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Leases In-Kind Consideration (IKC)

• Lease information regarding banks and credit
  unions on DoD installations can be
• found at DoD FMR, Vol 5, Chapter 34,
  paragraphs 340505-07 (Domestic Banks)
• and 340704-06 (Domestic Credit Unions)
• There are various differences between leases
  for banks and credit unions,
• but both must have the following provisions at a
  minimum
• The government has the right to terminate the
  lease due to national
• emergency installation inactivation,
  closing, or other disposal action
• or default by the lessee.
• The lessee shall provide written notice 180
  days prior to voluntarily
• terminating the lease.
• Upon a lease termination, the government has
  the option to cause the
• title of all structures and other
  improvements to be conveyed to the
• United States without reimbursement, or
  require the lessee to remove
• the improvements and restore the land to its
  original condition.

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Leases In-Kind Consideration (IKC)

• In-Kind Consideration (IKC) Property is
  leased for use by financial institutions
• under the authority of 10 USC 2667. There is no
  provision in law for the DOD to
• charge less than fair market value consideration
  for leases to banks or credit unions.
• However the consideration may be in-kind provided
  by the lessee. The types of IKC
• which may be accepted by the military Service are
  as follows
• Maintenance, protection, alteration, repair,
  improvement, or restoration
• (including environmental restoration) of
  property or facilities.
• Construction of new facilities
• Provision of facilities
• Facilities Operation Support
• Provision of such other services, including
  financial services provided
• by banks and credit unions, relating to
  activities that will occur on the
• leased property.
• More to follow based on new US Army Corps of
  Engineers regulations

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Contingency Banking Support Operations Enduring
Iraqi Freedom

• Continue working with State Department,
  Treasury and 18th
• Finance Group to establish Foreign Banking
  Support
• Branch Bank established at Baghram AB,
  Afghanistan
• Credit Bank of Iraq National Bank of Kuwait
  approved for
• Limited Depositary Account (LDA) support
• Foreign National Bank ATM agreements approved
  for
• contingency support throughout OEF/OIF theaters
• Stored Value Card (SVC) still the standard for
  Army Finance
• Support in theaters of operation

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Bank/Credit Union Liaison Officer Guide

• Global BLO/CULO Guide under development since
  2003
• Intent is to supplement the regulation
• References
• History
• Responsibilities
• Financial Education
• Advertising
• Overseas Military Banking Program (OMBP)
  Information
• Sample Memorandums and Documents
• Limited Depositary Account and Treasury General
  Account Information
• Solicitation Procedures
• Lease and In-Kind Consideration Data
• In-Store Banking Information
• Shift of BLO/CULO duties at all levels to the
  Installation
• Management Agency (IMA) effective immediately

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QUESTIONS?