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Armed Forces Bank
Armed Forces Bank (AFB) is a bank servicing members of the United States Armed Forces and their family members. History Armed Forces Bank was founded in 1907 in Fort Leavenworth, Kansas, where it is currently headquartered. AFB and its sister bank, Academy Bank, are owned by Dickinson Financial Corporation (DFC), which is headquartered in Kansas City, Missouri. Military connections Armed Forces Bank operates the most locations on military bases in the United States, including 23 locations on 17 bases. Much of the Bank's retail team is also composed of people with direct connections to the U.S. military, including veterans, reservists, and military dependents. Community In July 2022, the Bank launched a podcast titled "Militarily Speaking", which discusses finances and overall life for the military community. AFB and DFC also support some philanthropy organizations, including Fisher House Foundation and the Armed Services YMCA Armed (May, 1941–1964) was an A ...
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Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Military Dependent
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. It is typically authorized and maintained by a sovereign state, with its members identifiable by their distinct military uniform. It may consist of one or more military branches such as an army, navy, air force, space force, marines, or coast guard. The main task of the military is usually defined as defence of the state and its interests against external armed threats. In broad usage, the terms ''armed forces'' and ''military'' are often treated as synonymous, although in technical usage a distinction is sometimes made in which a country's armed forces may include both its military and other paramilitary forces. There are various forms of irregular military forces, not belonging to a recognized state; though they share many attributes with regular military forces, they are less often referred to as simply ''military''. A nation's military ma ...
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Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development. Its stated mission is to "provide innovative and practical recommendations that advance three broad goals: strengthen American democracy; foster the economic and social welfare, security and opportunity of all Americans; and secure a more open, safe, prosperous, and cooperative international system." Brookings has five research programs at its Washington campus: Economic Studies, Foreign Policy, Governance Studies, Global Economy and Development, and Metropolitan Policy. It also established and operated three international centers in Doha, Qatar (Brookings Doha Center); Beijing, China (Brookings-Tsinghua Center for Publi ...
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Net Income
In business and accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ..., net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and Amortization (accounting), amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in Equity (finance), shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross in ...
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Overdraft Fee
An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. For water resources, it can be groundwater in an aquifer. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply. History in finance The first overdraft facility was set up in 1728 by the Royal Bank of Scotland. The merchant William Hogg was having problems in balancing his books and was able to come to an agreement with the newly established bank that allowed him to withdraw money from his empty account to pay his debts before he received his payments. He was thus the first recipient of cash ...
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Armed Services YMCA
Armed (May, 1941–1964) was an American Thoroughbred gelding race horse who was the American Horse of the Year in 1947 and Champion Older Male Horse in both 1946 and 1947. He was inducted into the National Museum of Racing and Hall of Fame in 1963. Background Armed was sired by the great stakes winner Bull Lea, the sire of Citation. His dam was Armful, whose sire was Belmont Stakes winner Chance Shot and whose grandsire was the great Fair Play. Besides being small for his age and very headstrong, Armed had the habits of biting and kicking hay out of his handler's pitchfork. Since he was also practically untrainable, his trainer, Ben A. Jones, sent him back to Calumet Farm to be gelded and turned out to grow up. He returned to the track late in his two-year-old season and resumed training. Racing career His first start was as a three-year-old the following February, and he won at Hialeah Park by eight lengths. He won again less than a week later but then won only once in ...
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Fisher House Foundation
Fisher House Foundation is a charity and foundation that builds comfort homes where military & veterans families can stay free of charge, while a loved one is in the hospital. Fisher Houses are located at major military and VA medical centers nationwide, and in Europe, close to the medical center or hospital it serves. Fisher House Foundation ensures that there is never a lodging fee. Fisher Houses have between 8 and 21 suites, with private bedrooms and baths. Families share a common kitchen, laundry facilities, a warm dining room, and an inviting living room. Since its inception, the program has saved military and veterans’ families an estimated $500+ million in out-of-pocket costs for lodging and transportation. Currently, Ken Fisher, Zachary’s grand-nephew, continues the legacy and serves as the Chairman and CEO of Fisher House Foundation. History The Fisher House program was founded in 1990, after Pauline Trost, wife of Admiral Carlisle Trost, former Chief of Nava ...
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Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from ''phil''- "love, fond of" and ''anthrōpos'' "humankind, mankind". In the second century AD, Plutarch used the Greek concept of ''philanthrôpía'' to describe superior human beings. During the Middle Ages, ''philanthrôpía'' was superseded in Europe by the Christian virtue of ''charity'' (Latin: ''caritas''); selfless love, valued for salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to the love of our neighbor". Phila ...
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Podcast
A podcast is a program made available in digital format for download over the Internet. For example, an episodic series of digital audio or video files that a user can download to a personal device to listen to at a time of their choosing. Streaming applications and podcasting services provide a convenient and integrated way to manage a personal consumption queue across many podcast sources and playback devices. There also exist podcast search engines, which help users find and share podcast episodes. A podcast series usually features one or more recurring hosts engaged in a discussion about a particular topic or current event. Discussion and content within a podcast can range from carefully scripted to completely improvised. Podcasts combine elaborate and artistic sound production with thematic concerns ranging from scientific research to slice-of-life journalism. Many podcast series provide an associated website with links and show notes, guest biographies, transcript ...
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Reservist
A reservist is a person who is a member of a military reserve force. They are otherwise civilians, and in peacetime have careers outside the military. Reservists usually go for training on an annual basis to refresh their skills. This person is usually a former active-duty member of the armed forces, and they remain a reservist either voluntarily, or by obligation. In some countries such as Israel, Norway, Finland, Singapore, and Switzerland, reservists are conscripted soldiers who are called up for training and service when necessary. History The notion of a reservist has been around, in many forms, for thousands of years. In ancient times, reservist forces such as the Anglo-Saxon Fyrd and the Viking Leidangr formed the main fighting strength of most armies. It was only at the end of the 17th century that professional standing armies became the norm. Historically reservists played a significant role in Europe after the Prussian defeat in the Battle of Jena-Auerstedt ...
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Fort Leavenworth, Kansas
Fort Leavenworth () is a United States Army installation located in Leavenworth County, Kansas, in the city of Leavenworth. Built in 1827, it is the second oldest active United States Army post west of Washington, D.C., and the oldest permanent settlement in Kansas. Fort Leavenworth has been historically known as the "Intellectual Center of the Army." During the country's westward expansion, Fort Leavenworth was a forward destination for thousands of soldiers, surveyors, immigrants, American Indians, preachers and settlers who passed through. Today, the garrison supports the US Army Training and Doctrine Command (TRADOC) by managing and maintaining the home of the US Army Combined Arms Center (CAC). CAC's mission involves leader development, collective training, and Army doctrine and battle command (current and future). Fort Leavenworth is also home to the Military Corrections Complex, consisting of the United States Disciplinary Barracks the Department of Defense's ...
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Military Base
A military base is a facility directly owned and operated by or for the military or one of its branches that shelters military equipment and personnel, and facilitates training and operations. A military base always provides accommodations for one or more units, but it may also be used as a command center, training ground or proving ground. In most cases, military bases rely on outside help to operate. However, certain complex bases are able to endure on their own for long periods because they are able to provide food, water and other necessities for their inhabitants while under siege. Bases for military aviation are called military air bases, or simply "air bases". Bases for military ships are called naval bases. The environmental impact of a given military base is dependent on its size and the manner of operation conducted at the base. Commonly, habitat destruction, reductions in soil quality, chemical contamination, and noise pollution are among the environmental dama ...
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