#DoGood  GiveBack

How does #DoGood work?
For each Mortgage Loan, Auto Loan, or Personal Loan, new checking account or youth account with VBSFCU during certain times of the year, we will transfer a dollar amount into our Do Good fund!

How much do we transfer?  It depends on the loan type.
Home Loan –      $25.00
Auto Loan –        $10.00
Personal Loan  – $5.00
New Checking Account  or youth savings account: $5.00

How does #DoGood benefit our local community?
When our members close their loan(s) and/or open a new checking account/youth savings account, they are asked to select a local school, charity or a donation is made into our summer teacher giveback program.  At the end of the Do Good time frame, we tally the donations & selections and schedule surprise visits!

Program Giveback: Each spring, we raise money for three local school based programs. This spring, it’s the Virginia Beach Education Foundation, VBSchools Beach Bag program, and the VBSFCU Operation Backpack drive. Each member who uses us for a new loan or checking account is given the opportunity to select one of the programs.

Teacher Giveback: Each summer, we collect requests from local teachers who need help with classroom expenses. During this time, for each loan or new checking account our members open with us, we transfer a certain amount (see above) into the Do Good fund. At the end of August, we tally how much money was transferred into the Do Good Fund, then giveback to as many teachers as the fund will allow.

School Giveback: Starting in September, we ask our members (who open new loans or checking accounts with us) the name of their favorite local school. In December we send donations to each school selected.

What is #DoGood?

Do Good is one of our community giveback programs. We select several local organizations/charities and school programs in our immediate area for our programs. We take a portion of our income from new loans, and give it back. We believe in mutually beneficial relationships with our community, so when members bring us more of their business, we can give back more.

Community/School Donations:
April – June 2016:                $538
July – October 2016:       $3,630
April – May 2017:            $1,280
June – August 2017:       $2,160
September – November 2017: $2,500