Defense Credit Union Council s   Defense Issues 2003

Defense Credit Union Council s Defense Issues 2003 PowerPoint PPT Presentation


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National Military Family Association (NMFA). Lillie S. Cannon, Deputy Director, Government RelationsDefense Credit Union CouncilFeb 2003. National Military Family Association. Mission: To serve the families of the seven Uniformed Services through education, information and advocacyNon-profit

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Defense Credit Union Council s Defense Issues 2003

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2. National Military Family Association (NMFA) Lillie S. Cannon, Deputy Director, Government Relations Defense Credit Union Council Feb 2003

3. National Military Family Association Mission: To serve the families of the seven Uniformed Services through education, information and advocacy Non-profit 501 c (3) membership association Primarily volunteer Only national organization whose sole focus is the military family

4. National Military Family Association Funding from membership dues, military spouse clubs, corporate donors, Combined Federal Campaign No governmental funding Rely on individual donations Focused on Corporate Sponsor NMFA accepts no Government funding, NMFA rely on individual donations. NMFA relies on membership dues, CFC campaign, Corporate Philanthropy, Military Spouse clubs and Military Thrift shops to fund our operating budget. During the past year, NMFA has focused on attracting Corporate Sponsorships and developing Corporate Partnerships in order to diversify and expand our funding base.NMFA accepts no Government funding, NMFA rely on individual donations. NMFA relies on membership dues, CFC campaign, Corporate Philanthropy, Military Spouse clubs and Military Thrift shops to fund our operating budget. During the past year, NMFA has focused on attracting Corporate Sponsorships and developing Corporate Partnerships in order to diversify and expand our funding base.

5. Education, Advocacy, Lobbying: What’s What? Education: Information to families, members, general public Advocacy: Defining issues, providing answers to Congressional questions, raising awareness Lobbying: efforts tied to specific legislation IRS limits for 501c(3) organizations: 20% of expenditures on direct lobbying to influence legislation; 5% on grass roots lobbying NMFA is non-partisan Government Relations staff not required to register as lobbyists NMFA volunteers not subject to lobbying limits

6. What we do Testify before Congress on Quality of Life, Military Health Care, Military Construction, Impact Aid Advise policy makers Help families work the chain of command Provide information through newsletter, web site (www.nmfa.org), fact sheets, spouse club “e-news” Provide legislative and policy initiative information to families and organizations When funded, travel to installations to view family programs, brief commanders and family members

7. Where We Represent Military Families DoD and Military Service Task Forces and Working Groups Federal Advisory Panels Contractors The Military Coalition In local military communities through Representative Program

8. Installation Representatives: NMFA’s “Eyes and Ears” “Strength is in the service we provide military families” Approximately 155 volunteer representatives worldwide- Active and Reserve Component Source of information in their community on legislative initiatives and DoD policies Provide information to headquarters via quarterly reports on issues affecting military families Serve on local community councils, advisory committees

9. Serving Military Families in 2002 Published “Military Families and Mobility” booklet in cooperation with National Endowment for Financial Education” Developed Military Travel Card Website with VISA Enlisted Outreach Presented Congressional testimony 7 times Conducted 24 legislative presentations, and 8 other subject-matter presentations Participated in more than 15 conferences, including Fort Lewis Women’s Conference, AWAG Conference, National Guard Bureau Family Program Conference, “Supporting the Mobile Military Child” Conference, Army Education Summit, TRICARE Conference, DoD Mobilization Conference, Army Spouse Employment Summit,

10. Serving Military Families in 2003 DoD/ Private Sector on Spouse Employment Fisher House, DoD, and Juvenile Diabetes FDN Working with VISA to promote the Gov Travel Card Website Major revamping of NMFA’s Website More distribution “Military Families and Mobility” booklet and follow up Increasing Organization Capacity -Working to increase the information about the service to military families Develop a section on Financial literacy as it affects Military families Address the needs for information from military family members -Working to increase the information about the service to military families Develop a section on Financial literacy as it affects Military families Address the needs for information from military family members

11. Strengthening partnerships to serve military families NMFA’s Financial Partners: Organizations: NEFE, Ft Lewis Credit Union, Defense Credit Union Council, DoD Financial Literacy Work Group, The Military Coalition, Military Services, Military services headquarters military liaisons, Professional Financial Mangers at the installation, VISA, other Credit Union Spouse Groups Relief Societies Local Organizations

12. Family Financial Preparedness Military Families “Money & Mobility” Some aspects of military life relate to having more financial problems Long work hours are linked with financial difficulties Financial problems are more common for deployed members Financial problems are 9% higher for members with second job

13. Family Financial Preparedness (con’t) Military Families “Money & Mobility” It does not make a difference if a spouse has a full time job Financial problems are not more common in off-base housing than those living on post Financial problems are not related to family income

14. Family Financial Preparedness Financial Preparedness reduces stress Financial Readiness is mission readiness Do you know each others credit history? Prepare for worst Develop a flexible financial plan

15. Family Financial Preparedness (con’t) Questions Does the family have an adequate emergency fund to cover three to six month of expenses? Have they opened joint accounts? Do they have adequate life insurance coverage? Is there is a power of attorney? Is there a will?

16. “Prepare for a life of moves” “What you have in the bank determines whether the move is welcomed or dreaded” Value of good financial planning Know what to expect Ask the hard questions Plan to live off post Bank on the unexpected

17. “Prepare for a life of moves” (con’t) Develop a Spending Plan Avoid “Money Drains” Plan for the future Changing “Role” of the Reserve Components Members

18. Military Families “Money & Mobility” First printing distributed well over 120,000- NEFE Funded Active/Reserve in CONUS Second printing- NMFA, Ft Lewis, AUSA, and Defense Federal Credit Union Council-Funded Major deploying units & Oversea NMFA would like to see the information in the booklet in every military families hand

19. How can “We” help Military Families Partner to ensure “we” address the needs of our military families When possible let NMFA help you get the word out Provide your information to us to included in our Newsletters and on the Website NMFA’s goal is to assist military families Use our Volunteer Representatives Face the financial challenges that Military families Use our Volunteer Representatives Face the financial challenges that Military families

20. How can “We” help Military Families QUESTIONS ?????? Use our Volunteer Representatives Face the financial challenges that Military families Use our Volunteer Representatives Face the financial challenges that Military families

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