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14 Cards in this Set
- Front
- Back
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What publiction ontains information concerning the Navy's Personal Financial Management, Education, Training, and Counseling Program?
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OPNAVINST 1740.5 (series).
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who is charged with encouraging financial responsibility and sound financial planning?
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Commanding officer.
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What three major elements create personal financial management (PFM)?
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Financial education and training; financial information and referral; and financial counseling.
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Who controls the Personal Financial Management Program (PFM)?
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A trained Command Financial Specialist (CFS).
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What is the ratio of Command Financial Specialists (CFS) to personnel assigned to a command?
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One CFS for every 75 active duty members.
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What is the Navy's poliy regarding personal financial management?
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To promote operationaleadiness, personal responsibility, reliavility, and moral,by providing knowledge, skills and counseling to its members regarding sound personal financial management.
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When does financial management training and education start?
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In recruit training.
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What is the minimum paygrade to be appointed as a Command Financial Specialist (CFS)?
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E-6 for enlisted and CWO-2/0-1 for officers.
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What is the minimum length of duty remaining at a command to be appointed as a Command Financial Specialist (CFC)?
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Must have at least one year remaining on board.
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How often must refresher training be completed for Command Financial Specialists (CFS)?
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At least evry thre years.
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Where are memvers withserious financial problems referred by the Command Financial specialists?
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To the Fleet and Family Support Center, NMCRS, Federal Credit Unions, and non-profit consolidated credit counseling services.
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How often does the Command Financial Specialist (CFS) report to the commanding officer regarding educational and counseling conducted?
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Quarerly.
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Who is required to attend mandatory personal financial management (PFM) counseling?
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Any member that has received a bad check report or letter of indebtedness.
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How are duty assignments made as a Command Financial Specialist (CFS)?
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Collateral duty only.
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