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Military: Mission Money
Supporting the Financial Well-Being
of our Military and Their Families
For more than 120 years, First National Bank has been an important presence in the lives of military servicemembers and veterans. Today, we continue our commitment to helping military members and their families achieve financial success.
From budgeting to acquiring your first home to protecting you from identity theft, we have your finances covered.
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Military Frauds and Scams
Military ties can be used to commit financial fraud and scams. Learn about six of the most common scams and types of fraud aimed at active duty servicemembers and veterans.
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Road to Financial Readiness
Think of your financial journey as a road trip. You’ll need a plan, regular fill-ups and maintenance to get where you need to go. And you will have assistance available along the way.
The Department of Defense, Office of Financial Readiness, offers this road map to help you get there.
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VA-Backed Home Loans
Home buying might seem like an impossible dream, but the Veterans Administration (VA) can help make it affordable. VA loans give you a chance to buy a home with less money up-front. VA loans are also available for homeowners who want to pay for home renovations or refinance their current mortgage.
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Paying Off Your Debt
If you are struggling to manage your debt and don't have a plan to pay it off, start here.
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Veteran-owned Businesses
The Small Business Administration (SBA) offers support for veterans entering the world of business ownership. The SBA also offers customized curriculums, in-person classes, and online courses to give veterans the training to succeed.
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Investing & Financial Planning
Financial planning might seem like a luxury for the wealthy, but anyone can benefit from making plans for their money.
For professional assistance with your investment strategies and financial plan, contact First Point Wealth Management.
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Retirement & Estate Planning
Do you know what it takes to work toward a secure retirement? Use these tools to help calculate a retirement plan.
For professional assistance with asset management services, wealth transfer strategies, estate planning, visit with First National Bank's Financial Management & Trust Services.
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Banking "On-the-Go"
Online and mobile banking are perfect financial tools for military servicemembers and veterans on the go or are deployed. All you need is internet access or our mobile banking app.
With FNB's personal banking services, you have access to checking and savings accounts, debit cards, IRAs, Power Banking to automate your savings, and more.
- Learn more about FNB's Personal Banking Services.
- Learn more about Simple Cash Back, a checking account that is an excellent choice if you want a simple, worry-free account that pays you for using your debit card to make purchases.
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Saving Money While Deployed
The time leading up to a deployment is challenging, both logistically and emotionally. There are many details that need to be taken care of in a short period of time.
One important benefit of deployment that is sometimes overlooked is the opportunity to save and set yourself up for financial freedom. You don't need a lot of money while deployed because the military covers your necessities like housing and food. If you can cut back on some of your other monthly expenditures, you could save thousands of dollars during deployment.
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Servicemembers Civil Relief Act
The Servicemember Civil Relief Act of 2003 (SCRA) is a federal law that gives all military members some important rights and protections as they enter active duty, so they can focus on their mission and worry less about what is happening back home. The law covers such issues as rental agreements, security deposits, prepaid rent, eviction, installment contracts, credit card interest rates, automobile leases, mortgage interest rates, mortgage foreclosure, civil judicial proceedings, and income tax payments.
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Helpful Video Resources
How Do I Create a Budget
Dave Ramsey from The Ramsey Show offers his advice on how to stop living paycheck to paycheck by creating a budget and sticking to it, which is imperative for all servicemembers.
Getting Your Free Credit Report
Your credit report is an important part of your financial life. It can determine whether you can get credit, how good or bad the terms for getting credit are, and how much it costs you to borrow money. Learn how to get your free credit report – and why it’s a good idea.
Other Helpful Financial Literacy Resources for the Military
Check out the following financial-related resources and links that can help you and your family manage, secure and protect your financial resources and well-being.
- National Financial Educators Council provides active military financial literacy and veterans financial literacy resources, support, and training to organizations that serve veterans and/or active-duty military personnel.
- The Thrift Savings Plan is a defined contribution plan for U.S. civil service employees and retirees, as well as for members of the uniformed services.
- VeteransPlus programs were designed by Veterans and are delivered by Veterans to provide practical financial solutions geared to real-life circumstances of current and former military personnel. VeteransPlus programs include: Military and Veterans Family Outreach, One on One Personalized Phone Coaching, and Pro Bono Financial Planning Advice.
- The Department of Defense Office of Financial Readiness offers help resources regarding benefits and entitlements, managing your money, saving and investing, planning for the future, understanding consumer protections, and other financial tools.
- The Office of Servicemember Affairs (OSA) works to help military families overcome unique financial challenges by providing educational resources, monitoring complaints, and working with other agencies to solve problems faced by servicemembers.
- AER Financial Literacy Training. Participate in this video training and simulations to receive a credit on your existing Army Emergency Relief (AER) loan, which offers emergency loans to active-duty soldiers, retired soldiers, and military family members.
- MilSpouse Money Mission. Their mission is to educate and empower military spouses to elevate their families by making smart money moves. Check out their Money Ready guide or the MiLife Milestones section to get started.
- USAA Educational Foundation. Free financial education resources from experts in finance and the military.
- VetCents. Offered by the Military Family Advisory Network. VetCents is a financial education program created specifically for YOU - military veterans and veteran family members. This site offers valuable financial information, best-in-class resources about budgeting, savings, credit, investing and homebuying, and advice from financial experts.