Military personnel should be better educated on how to handle their finances and credit unions are doing a great deal to help in this area, Pentagon Federal Credit Union President/CEO Frank Pollack told lawmakers at a hearing on Thursday.

Pollack said at a hearing of the Senate Banking Committee that service members should be as well prepared to deal with their finances as they are to go to battle.

He cited the efforts of his credit union, and others with close ties to the military, to provide low rates, financial counseling and other services for their members.

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