What is the VBBP?
The Veterans Benefits Banking Program (VBBP) is a vital initiative designed to ensure all veterans have access to safe, reliable, and affordable banking services. It simplifies the process of receiving and managing VA monetary benefits by connecting veterans with participating credit unions. This program isn't about forcing change; it's about providing options and support.
Why Should Your Credit Union Participate?
Becoming a participating credit union in the VBBP is more than just good business; it's a commitment to serving those who have served us. Here's why you should consider joining:
- Directly Support Veterans: Offer a free checking account with no minimum balance to veterans who receive monthly VA monetary benefit deposits. This ensures they have easy access to their hard-earned benefits.
- Provide Essential Financial Assistance: Go beyond basic banking by offering assistance to veterans who may not currently qualify for an account. This can include financial products, education, and counseling, empowering them to achieve financial stability.
- Expand Your Reach: Connect with a deserving community and expand your membership base by providing tailored services to veterans and their families.
- Strengthen Community Ties: Demonstrate your credit union's commitment to community service and build lasting relationships with veterans in your area.
VBBP Key Objectives:
- Simplify banking choices for veterans and their families.
- Introduce banking options to veterans without existing accounts.
- Respect veterans' existing financial arrangements.
Ready to join?
Click the button below to contact DCUC's Vice President, Beth Merlo.
