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Overseas Military Banking and Credit Union Program (OMBCUP)
- The FMO staff serves as the Banking and Credit Union Liaison Officer
(BLO/CULO) for the DON overseeing the financial institutions operations
on DON installations. In this program FMO:
- Takes action on requests from subordinate installation commanders to establish or terminate financial institution operations.
- Supports the needs of the liaison officers to the financial institutions that operate banking offices on the respective domestic DON installations.
- Oversees the use of banking offices and credit unions on respective DON installations within the guidance prescribed.
- Assists in the evaluation of services provided.
- Monitors practices and procedures of respective banking offices and credit unions.
- Assists on-base banking offices and credit unions to develop and expand necessary services within this regulation.
- Provides logistical support to overseas military banking facilities under terms identified in this regulation.
Other agencies involved in the OMBP initiative:
- OUSD(C) – Provides policy guidance
- Military Departments – Provide their portion of the program funding
- DFAS, in coordination with the Military Departments’ banking representatives, is responsible for the daily oversight, control and management of the MBCUP.
- The current banking contractor, Bank of America, provides stateside equivalent banking services/products
Current OMBP Efforts:
- The Overseas Military Banking Program Strategic Plan is now available. (accessible from .mil or .gov locations only)
- Other OMBP efforts:
- Standardization
- New Teller/Imaging System
- Model Bank
- Check Truncation Act 21
- Global LAN Development
- Bank Fees
- Debit Card
- Standardization
Content updated December 31, 2009
For questions regarding the contents of this topic please call: (202) 685-6701.
For questions regarding this page layout or other non-content questions contact: FMOWeb [at] navy [dot] mil.