Financial Resources at Joint Base Elmendorf-Richardson (JBER), Alaska

Navigating personal finances can be challenging, especially for service members and their families who often face unique circumstances. Joint Base Elmendorf-Richardson (JBER) in Alaska offers a variety of resources to help individuals manage their money, plan for the future, and avoid financial pitfalls.

Financial Readiness Program

The cornerstone of financial support at JBER is the Army Community Service (ACS) Financial Readiness Program. This program provides free, confidential counseling and education on a range of topics including: budget development, debt management, credit repair, savings and investing, retirement planning, and understanding military pay and entitlements. Counselors can assist with creating personalized financial plans, resolving debt issues, and understanding the Thrift Savings Plan (TSP), a crucial retirement savings tool for service members.

Emergency Financial Assistance

Unexpected financial emergencies can happen to anyone. JBER offers several avenues for emergency financial assistance. Army Emergency Relief (AER) provides interest-free loans and grants to eligible Soldiers and their families experiencing unforeseen financial hardships. Air Force Aid Society (AFAS) offers similar support for Airmen and their families. These organizations help with expenses like emergency travel, rent, utilities, and car repairs. Eligibility requirements and application processes vary, so contacting the respective organization is essential.

Credit Counseling Services

Managing credit is a vital aspect of financial well-being. JBER provides access to credit counseling services that can help individuals understand their credit reports, improve their credit scores, and develop strategies for managing debt. Counselors can assist in negotiating with creditors and creating debt management plans.

Educational Workshops and Seminars

Throughout the year, JBER hosts workshops and seminars on various financial topics. These educational sessions cover subjects such as home buying, car buying, investing, and tax preparation. These free workshops provide valuable information and practical skills to enhance financial literacy.

Thrift Savings Plan (TSP) Support

The TSP is a retirement savings and investment plan for federal employees and members of the uniformed services. JBER offers resources to help individuals understand the TSP, make informed investment decisions, and maximize their retirement savings. Financial counselors can provide guidance on choosing appropriate TSP funds and understanding the tax implications of different contribution options.

Financial Institutions

Several banks and credit unions operate branches on or near JBER, providing convenient access to banking services. These institutions offer checking and savings accounts, loans, credit cards, and other financial products. Consider comparing interest rates, fees, and services to find the best fit for your needs.

Utilizing the available financial resources at JBER is crucial for building a secure financial future. Proactive financial planning, combined with taking advantage of available counseling and educational opportunities, can help service members and their families achieve their financial goals and navigate the unique financial challenges they may face.