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Wells Fargo Launches Financial Literacy Program for Veterans

Military bases across the U.S. will become a new classroom of sorts for military veterans and their families as part of a new financial literacy program being launched by Wells Fargo & Company under the Hands on Banking® for Military banner, the company announced late last week.

The goal of the program is to address the financial literacy challenges facing military members, veterans and their families, and their unique needs at every stage of their career, according to Wells Fargo’s announcement.

The program presents 10 individual lesson topics ranging from the basics of banking to planning for retirement.

“Many military members and their families face unique challenges that put them at a financial disadvantage, including deployments and moving around every few years,” said Brian McCullough, Wells Fargo Military Affairs program manager.  “These men and women sacrifice their lives for us. The very least we can do is give them the right financial tools to help them through these transitions. They have been there for us. We want to be there for them.”

Wells Fargo is working with the National Foundation for Credit Counseling (NFCC) to bring Hands on Banking for Military classes to service members at close to 700 locations across the country, according to the banking institution’s announcement.

The program is also designed to help keep military personnel and their families on a path to financial stability with NFCC agency counselors providing one-on-one personalized financial reviews, budget planning and concrete solutions to pressing financial concerns.

Military and veteran groups wishing to have a representative teach a class, or individuals interested in scheduling a session with a financial specialist can contact the NFCC at (855) 374-2773.

Wells Fargo also has banking locations on nine bases across the country and plans to offer Hands on Banking for Military at these locations. Hands on Banking for Military is part of a broader Wells Fargo effort supporting military service members and veterans: helping active duty military service members and veterans achieve homeownership, helping veterans transition to civilian careers and providing customized financial education.

Hands on Banking for Military is an HTML-based course and is located at www.handsonbanking.org.