Armed Forces Benefit Association Appoints Joseph P. Stangl Chief Financial Officer

Stangl brings a robust foundation in finance to the position

ALEXANDRIA, Va.--(BUSINESS WIRE)--Armed Forces Benefit Association (AFBA), announced today the appointment of Joseph P. Stangl as Chief Financial Officer, effective August 11, 2025.

“I am pleased to welcome Joseph to the AFBA team,” said General Larry O. Spencer, USAF (Ret.), President of AFBA. “Drawing on a wealth of financial experience, a strong nonprofit background, and military service, he is well-positioned to support and enhance our mission.”

Joseph is a seasoned finance professional with a strong foundation in accounting and regulatory compliance, shaped by experience across public, government, and nonprofit sectors. A Certified Public Accountant, he began his career in public accounting before transitioning to government finance, where he implemented internal controls and ensured compliance with public sector regulations. His nonprofit experience includes managing complex financial structures and support functions at the District of Columbia Bar. In his most recent position at Air & Space Forces Association, Joseph led major initiatives to modernize financial reporting, navigate tax and donor regulations, assess and report on risks, strengthen internal controls, and align investment strategies with long-term goals. Joseph holds a B.S. in Accounting from Kutztown University. He proudly served for four years in the U.S. Air Force.

"Joining AFBA in this capacity is a true privilege," Joseph shared. "I’m dedicated to advancing the enterprise’s mission and supporting its scaling efforts."

About AFBA

With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has 915,000 members with $57 billion of death benefits in force and has paid $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).