Do Good

What is Do Good?

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 Do Good work?

For each new Mortgage, Auto, or Personal Loan, Adult Checking or Youth Savings 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 Do Good 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.

How can my school participate in 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 (funded by VBSFCU)  to each school as selected by each member. If your school would like marketing materials to drive donations, please contact the marketing department.

What is the 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. Checks/backpack donations are sent 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. 

How do I apply for the Teacher Giveback?

Each summer, we collect requests from local teachers who need help with classroom expenses. At the end of August, we tally how much money was donated to the Do Good Fund (based on the number of new loans/checking accounts), then give back to as many teachers as the fund will allow.

At this time, the summer giveback application is closed. Applications will be available on May 1, 2020.

Community/School Donations to date: $18,966

March – May 2019: $1,928.00
$361 Operation Backpack | $1,186  Beach Bags | $381 VB Education Foundation 
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