First Command News & Media

FOR IMMEDIATE RELEASE — October 13, 2017

First Command offers banking support to clients impacted by California wildfires

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FORT WORTH, Texas – First Command Financial Services, Inc. announced today that it is providing banking support to its clients who have been financially impacted by the recent wildfires in northern California. Through its subsidiary First Command Bank, affected clients will be offered:

  • * Loan Assistance. Expedited service by First Command Bank's consumer loan team, which is prepared to quickly respond to credit requests and approve loan payment skips for clients in Florida while they are in the process of recovering.
  • * Penalty-free early C.D. withdrawals. First Command Bank will waive any Bank-generated early withdrawal penalties for clients who need to redeem a First Command Bank Certificate of Deposit prior to its maturity.
  • * Secured Lines of Credit. First Command Bank is ready to help clients use their non-tax qualified mutual fund as collateral for a low interest rate line of credit.
  • * Special handling of credit card accounts. First Command Bank's Visa cardholders will be offered priority processing for increases to credit limits and deferments of monthly payments. The bank will also waive cash advance fees.

Meanwhile, First Command Financial Advisors are prepared to offer guidance on dealing with other issues affecting family finances.

“First Command Financial Advisors will be working closely with affected clients throughout this crisis,” said Scott Spiker, chairman/CEO of First Command. “We are committed to continue providing our clients with meaningful guidance and support as part of our Mission of coaching those who serve in their pursuit of financial security.”

About First Command

First Command Financial Services and its subsidiaries, including First Command Financial Planning and First Command Bank, coach our Nation's military families in their pursuit of financial security. Since 1958, First Command Financial Advisors have been shaping positive financial behaviors through face-to-face coaching with hundreds of thousands of client families.


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