Opnavinst 1740.5A Personal Financial Management

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WHAT IS OPNAVINST 1740.5A

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PERSONAL FINANCIAL MANAGEMENT EDUCATION, TRAINING, AND COUSELING PROGRAM

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WHO HAS RESPONSIBILITY TO ENCOURAGE FINANCIAL RESPONSIBILITY AND SOUND FINANCIAL PLANNING?

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COMMANDING OFFICER (C0)

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THE THREE ELEMENTS OF THE PERSONAL FINANCIAL MANAGEMENT PROGRAM UNDER WHOSE CONTROL?

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UNDER A TRAINED COMMAND FINANCIAL SPECIALIST (CFS)

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WHAT IS THE RATIO OF COMMAND FINANCIAL SPECIALISTS (CFS)TO PERSONAL ATTACHED TO THE COMMAND?

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1 CFS TO EVERY 75 ACTIVE DUTY MEMBERS INCLUDING THOSE ASSIGNED TAD, TAD UNDER INSTRUCTION, AND MEMBERS FROM OTHER SERVICES.

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WHAT IS THE POLICY REGARDING PERSONAL FINANCIAL MANAGEMENT?

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NAVY SHALL PROMOTE OPERATIONAL READINESS, PERSONAL RESPONSIBILITY, RELIABLILITY, AND MORAL, BY PROVIDING KNOWLEDGE, SKILLS AND ACOUNSELIGN TO ITS MEMBERS REGARDING SOUND PFM.

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WHEN DOES EDUCATION AND TRAINING REGARDING FINANCIAL MANAGEMENT START?

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RECRUIT TRAINING

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WHAT IS THE PURPOSE OF INFORMATION AND REFERRALS?

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TO RAISE AWARENESS, AND KEEP MEMBERS ADVISED OF THE LATEST CONCERNS AND ASSISTANCE AVAILIBLE.

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WHO CAN COUNSEL A NAVY MEMBERS?

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A QUALIFIED COMMAND FINANCIAL SPECIALIST (CFS) EXPERIENCING FINANCIAL DIFFICULTIES OR SEEKING INFORMATION ON PERSONAL FINANCIAL MANAGEMENT CONCERNS.

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WHO IS REQUIRED TO BE FAMILIAR WITH PERSONAL FINANCIAL MANAGEMENT (PFM) PROGRAMS POLICIES, OBJECTIVES, AND ASSISTANCE RESOURCES?

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ALL NAVY MEMBERS SHALL SUPPORT THEIR SHIPMATES BY SHARING THIS INFORMATION WITH THOSE WHO NEED IT.

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WHAT PAYGRADE CAN BE APPOINTED COMMAND FINANCIAL SPECIALIST (CFS)?

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MINIMUM PAYGRADE OF E6 FOR ENLISTED AND W2/01 FOR OFFICERS

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WHAT IS THE MINIMUM LENGTH OF DUTY FOR A COMMAND FINANCIAL SPECIALIST (CFS)?

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MUST HAVE AT LEAST ONE(1) REMAINING AT THE COMMAND AT TIME OF CFS COURSE COMPLETION.

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HOW OFTEN MUST REFRESHER TRAINING BE COMPLETED FOR COMMAND FINANCIAL SPECIALISTS (CFS)?

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AT LEAST EVERY THREE YEARS.

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WHERE DO MEMBERS WITH SERIOUS FINANCIAL PROBLEMS GET REFERED TO?

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FLEET AND FAMILY SUPPORT CENTER, NMCRS, FEDERAL CREDIT UNIONS, NON-PROFIT CONSOLIDATED CREDIT COUNSELING SERVICES.

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HOW OFTEN DOES THE COMMAND FINANCIAL SPECIALIST (CFS) REPORT TO THE COMMANDING OFFICER?

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REPORTS QUARTERLY REGARDING EDUCATIONAL AND COUSELING CONDUCTED. ALSO REPORTS QUARTERLY TO THE CFS REPORTING WEBSITE(SEE ENCLOSURE-1, 1740.5A)

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WHO IS THE PROGRAM SPONSER OF PERSONAL FINANCIAL MANAGEMENT PROGRAM POLICY?

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DEPUTY CHIEF OF NAVAL OPERATIONS (MANPOWER AND PERSONNEL)(DCNO (MP))(N1)

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WHO SHALL IMPLEMENT AND COORDINATE THE PERSONAL FINANCIAL MANAGEMENT PROGRAM?

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COMMANDER, NAVY PERONNEL COMMAND THROUGH ASSISTANC COMMANDER NAVY PERSONNEL COMMAND FOR PERSONAL READINESS AND COMMUNITY SUPPROT AS PROGRAM MANAGER.

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UNIT COMMANDERS, COs, AND OICs SHALL APPOINT HOW MANY COMMAND FINANCIAL SPECIALISTS (CFS) FOR THEIR COMMAND?

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MINIMUM OF ONE COMMAND MEMBER PER 75 ACTIVE DUTY MILIATRY PERSONNEL. (ENCLOSURE-1 PROVIDES QUALIFICATIONS CRITERIA)

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WHO IS REQUIRED TO ATTEND MANDATORY PERSONAL FINANCIAL MANAGEMENT (PFM) COUNSELING?

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ANY MEMBER THAT IS SUBJECT OF A BAD CHECK REPORT OR LETTER OF INDEBTEDNESS.

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WHAT TYPE OF DUTY CORRESPONDS TO BEING ASSIGNED A COMMAND FINANCIAL SPECIALIST (CFS)?

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COLLATERAL DUTY ONLY

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WHAT TSERVICES DOES A COMMAND FINANCIAL SPECIALIST (CFS) PROVIDE?

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FINANCIAL EDUCATION, COUNSELING, TRAINING, AND INFORMATION AND REFERRALS.

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HOW OFTEN DOES THE FLEET AND FAMILY SUPPORT CENTER(FFSC) /MOBILE TRAINING TEAM(MTT) PROVIDE TRAINING?

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MINIMUM OF OEN(1) CLASS PER QUARTER AND 25 STUDENT QUOTAS PER CLASS, USING NAVPERS 15608C, CFS INSTRUCOR GUIDE AND CFS TRAINING MANUAL.

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WHAT REFERENCE COVERS COMMAND FINANCIAL SPECIALIST (CFS) RESPONSIBILITIES?

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OPNAVINST 1740.5A

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IS A DESIGNATION LETTER REQUIRED TO BE APPOINTED A COMMAND FINANCIAL SPECIALIST (CFS)?

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YES, REQUIRED TO INPUTTED IN MEMBERS SERVICE RECORD, ALONG WITH COPY FORWARDED TO SERVICING FLEET AND FAMILY SUPPORT VRNYRT.