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.
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.
It depends on the account type.
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.
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.
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 2020 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.
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: $22,171
| Months | Dollar Amount |
|---|---|
| September – November 2019 | $1,905 |
| June – August 2019 | $3,200 |
| March – May 2019 | $1,928 |
| 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 |
