What is #DoGood?

Do Good is one of our community collaborative giveback programs. When members bring us more of their business, we seek opportunities to give back and Do Good in our local community.

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

How much do we donate?  It depends on the account 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, teacher or charity. At the end of the giveback period, we mail checks to the recipients.

Program Giveback: Each spring, we raise money for three local school based programs. We selected the Virginia Beach Education Foundation, VBSchools Beach Bag program and Operation Backpack* as the 2019 spring recipients. We mail checks/purchase backpacks to the recipients in June.

*We also raise donations for Operation Backpack during our two shred events, held bi-annually. All donations of materials and cash are all given to the VbSchools Social Services dept for their August Jumpstart event. Learn more about Operation Backpack here.

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 donate a certain amount (see above) into the Do Good fund. At the end of August, we tally how much money was donated into the Do Good Fund, then giveback to as many teachers as the fund will allow. Teachers may apply for funds using a short application.

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 a donation to each school as selected by each member.

Community/School Donations to date: $17,038

September – November 2018:      $2,275
June – August 2018:                     $2,970
April – May 2018:                         $1,685
September – November 2017:       $2,500
June – August 2017:                     $2,160
April – May 2017:                         $1,280
July – October 2016:                     $3,630
April – June 2016:                            $538