What does "Banking on Values" Mean to Us?
For the answer, we decided there was nobody better to ask than our team members!
About GABV and Values-Based Banking
The values-based banking movement was born after the 2009 financial great recession with the creation of the Global Alliance for Banking on Values (GABV). This global entity is composed of different types of financial organizations committed to redefining the purpose and impact of banking. GABV members, like VSECU, commit to creating positive change by moving a single point of view—profit—to a holistic view that also takes the environment and social prosperity into account. In other words, values-based organizations focus on people and the planet, as well as profit. This is called a triple bottom line and it is one of the founding principles of GABV.
In 2017 VSECU was proud to become the first Credit Union in the United States to become a GABV member. We are proud to declare that we put people over profits, and that we see the banking industry as a powerful tool to help implement change throughout our society.