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Financial Resources for Military Personnel

Category: Links — Friday, September 22, 2006

Frankly, the young men and women who put themselves in harm’s way to protect our freedoms are not paid a fraction of what they are worth to our nation.

Until military personnel are paid a wage equal to their vigilance and sacrifices, many will have trouble making ends meet.

When financial emergencies arise, the last thing men and women in uniform need is to add an expensive payday loan to their already heavy financial burden.

This is a list of financial resources to help military personnel focus on the mission at hand instead of worrying about money…

Military financial resources are not listed in any particular order. A listing is not an endorsement.

Note: All links below are External Links to third-party websites.

Marine Corps Community Services (MCCS)

From their website:

The Personal and Family Readiness Division (MR) under the staff cognizance of the Deputy Commandant for Manpower and Reserve Affairs is responsible for providing policy, plans, resources, and direct support to Marine Corps Community Services (MCCS) field activities for certain nonappropriated fund management and oversight functions, such as accounting, information technology, and construction. MR is also responsible for a number of military personnel services programs, such as: Casualty Assistance, DEERS Dependency Determination, Voting Assistance, Postal Services, and Personal Claims.

http://www.usmc-mccs.org/

To find more links to MCCS websites such as MCCS Miramar, please put the term “MCCS” into any search engine.

American Red Cross Emergency Financial Assistance for Military Members and Families

From their website:

The Red Cross works with the military aid societies (Army Emergency Relief, Navy Marine Corps Relief Society, Air Force Aid Society and the Coast Guard Mutual Assistance). This partnership helps to provide financial assistance for emergency travel that requires the presence of the service member or his or her family, burial of a loved one, or with assistance that cannot wait until the next business day (food, temporary lodging, urgent medical needs, or the minimum amount required to avoid eviction, utility shut off, etc.).

http://www.redcross.org/

Air Force Aid Society - Official Charity of the U.S. Air Force

From their website:

The Air Force Aid Society is the official charity of the United States Air Force. Incorporated in 1942 as a private, non-profit organization, the Army Air Forces Relief Society transformed into today’s Air Force Aid Society. The Society has promoted the Air Force mission by providing worldwide emergency assistance, sponsoring education assistance programs, and offering a variety of base community enhancement programs that improve quality of life for Airmen and their families.

http://www.afas.org/

Army Emergency Relief (AER)

From their website:

AER is the Army’s own emergency financial assistance organization and is dedicated to “Helping the Army Take Care of Its Own”. AER provides commanders a valuable asset in accomplishing their basic command responsibility for the morale and welfare of soldiers.

AER funds are made available to commanders having AER Sections to provide emergency financial assistance to soldiers - active & retired - and their dependents when there is a valid need.

AER funds made available to commanders are not limited and are constrained only by the requirement of valid need.

http://www.aerhq.org/

Coast Guard Mutual Assistance

From their website:

The central purpose of Coast Guard Mutual Assistance is to assist our clients during their time of financial need. In general, assistance is provided through counseling, short-term interest-free loans, financial grants, referrals, and other related means. Assistance is provided under a large variety of conditions and situations usually involving everyday essentials including emergency, housing, and medical needs that are beyond the individual’s ability to meet at the time assistance is requested. Coast Guard Mutual Assistance should be used to supplement, not replace other forms of available assistance.

http://www.cgmahq.org/

Navy-Marine Corps Relief Society

From their website:

The Navy-Marine Corps Relief Society can provide interest-free loans or grants to help with emergency needs such as:

  • Emergency Transportation
  • Funeral Expenses
  • Medical/dental Bills (patient’s share)
  • Food, Rent, and Utilities
  • Disaster Relief Assistance
  • Child Care Expenses
  • Essential Vehicle Repairs
  • Unforeseen Family Emergencies

http://www.nmcrs.org/

ARK (Asset Recovery Kit) Loans

ARK (Asset Recovery Kit) Loans are no-interest loans of up to $500. There is a one-time, $6 fee. If you take out more than one loan, you will have to go for credit counseling.

ARK loans are available at the following credit unions:

Note: All of the above links are External Links to third-party websites.

Also, be sure to read Ten Payday Loan Alternatives or browse the Alternatives category.

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