VBBP Banks & Credit Unions
VBBP Banks and Credit Unions have made a commitment to provide free checking accounts for veterans with a qualifying direct deposit and to help veterans become banked.
VBBP participating banks include large and small national and state-chartered banks, all of which can accept Veterans as customers regardless of where they live. Most VBBP banks operate on military installations and all are insured by the Federal Deposit Insurance Corporation.
VBBP participating credit unions include large and small national or state-chartered credit unions. Credit unions have “field of membership” criteria Veterans must meet before becoming members. Credit unions are member-owned and require share accounts by members. Share accounts require a $5 to $25 deposit, which is generally the cost of purchasing one par value share at a credit union in order to establish a membership account. Some credit unions may also charge a nominal membership fee ($1 to $5) to join as well. All participating credit unions are insured by the National Credit Union Administration.
Financial & Credit Counseling for Veterans
The National Foundation for Credit Counseling (NFCC) and the Association for Financial Counseling and Planning Education® (AFCPE®) will offer one free consultation with a credit or financial counselor. This is a benefit to you through the Veterans Benefits Banking Program. To help you choose which counseling session may be best for you.Financial or Credit Counseling?
The links below are just a few of the information resources available to veterans, their families, and fiduciaries or caregivers to help them deal with financial challenges or to answer some of their financial questions. These resources come from trusted government and non-profit organizations. If you have a question not addressed here, please consider contacting your bank or credit union or any of the financial institutions participating in the VBBP.