Banking boot camp: Training soldiers to be good bankers
Those who serve in the military make up less than 1% of the entire U.S. population. But it is a group with big needs—especially when it comes to banking. ABA, along with its members and other organizations, is making strides to help active and retired members of the military manage their banking and other aspects of their financial lives. For instance, ABA has worked with the army for three years on a training program that results in officers competent enough to run banking facilities at overseas bases. Ultimately, the goal is to reduce exposure to loss by training soldiers to have better control over cash handling and electronic transactions. ABA has developed courses for soldiers to earn an American Institute of Banking Military Banking Operation Diploma. To prepare veterans for a banking career, it combines 16 courses with the army’s Training with Industry internship. The Department of Veterans Affairs approved use of veterans benefits for the diploma.
| ABA BANKING JOURNAL | June 2012
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Table of Contents for the Digital Edition of ABA Banking Journal - June 2012