Financial Resources Available for Veterans

We owe the strength and security of our country to our heroic veterans. These brave men and women sacrifice the comforts of home, time with family and often their physical well-being to protect us. Unfortunately, though, many veterans are struggling to make ends meet and to support their families.

If you are a veteran, you likely already know about VA loans, which are no-money-down home loans just for veterans. But did you know there are many other ways the government and charitable organizations can help you get back on your feet?

Here’s a list of financial resources created especially for veterans. Having served our country, you deserve all this and more.

USA Cares Emergency Assistance Program

If you’re a retired service person who is struggling to cover your basic monthly bills, including rent and utilities, you may be eligible for a grant from this organization. The exact amount awarded varies with each case, but the average grant size is $650. You can apply for a grant from the USA Cares Emergency Assistance Program here.

The American Legion Temporary Financial Assistance

This organization helps veterans who are also parents of young children to create a stable home life for their families. It offers cash grants to help qualifying veterans pay for expenses like housing, utilities, food and medical costs. You can read up on the eligibility requirements and apply for a grant here.

Operation Family Fund

Veterans who were severely disabled while serving in Operation Enduring and Iraqi Freedom may be eligible for grants to help cover their medical bills, emergency transportation, vehicle repair and housing. Review the eligibility requirements and apply for an Operation Family Fund grant here.

Coalition to Salute America’s Heroes

This organization provides financial assistance to veterans who were severely wounded while serving in Iraq and Afghanistan. Click here to apply for assistance.

U.S. Department of Veterans Affairs Aid & Attendance and Housebound Assistance

If you are a veteran receiving a VA pension, you may be eligible to increase your monthly amount through Aid & Attendance and Housebound Assistance. If you are bedridden or you need the services of an aide to help you with everyday activities, you can apply for assistance here.

Operation First Response

This organization offers financial assistance for wounded veterans and their families while they are in the midst of the VA claim process, which can stretch on for a year or more. Qualifying veterans can use the funds to cover immediate needs like housing, transportation, utilities, groceries, clothing and more. You can review the eligibility requirements and apply for assistance here.

The Armed Forces Foundation

The Armed Forces Foundation is a nonprofit organization dedicated to providing comfort and financial relief to members of the military community through career counseling, housing assistance, recreational therapy programs and financial support. These programs are available for service members who are on active duty as well as those who are retired. You can read up on the assistance offered by The Armed Forces Foundation and apply for aid here.

Hope for the Warriors

The mission of this noble organization is to enhance the quality of life for members of the military and their families who have been affected by physical injuries or death in the line of duty. Its programs include financial assistance for immediate needs, as well as a special “Warrior’s Wish” program for families. Click here to apply.

Operation Homefront

This wonderful organization provides financial assistance for the immediate family members of the wounded, ill, injured or deployed. Exact criteria for assistance varies by location. Visit OperationHomeFront.net, click on “Get Assistance,” input your ZIP code and an application for assistance through your local chapter will be available for download.

Semper Fi Fund

The Semper Fi Fund (SFF) provides financial relief for any needs that may arise during the hospitalization and recovery of a service member due to an injury sustained while serving in the line of duty. Programs under the SFF include Service Member and Family Support, Specialized & Adaptive Equipment, Adaptive Housing, Adaptive Transportation, Education and Career Transition Assistance, Therapeutic Arts and Team Semper Fi.  Assistance is available for all post 9-11 Marines and sailors, as well as members of the Army, Air Force or Coast Guard who serve in support of Marine forces. Learn more about the Semper Fi Fund and apply here.

More Military Information from SCU

Scott Credit Union was founded at Scott Field, now Scott Air Force Base, and our military ties remain strong to this day. We have a section of helpful links for our military members and are a proud member of both the Scott Patriot Program and the Veterans Benefits Banking Program. Click here to view our military page.

If you or anyone you know is an active or retired service member who is struggling to make ends meet, don’t hesitate to ask for help. Use the resources listed above, and stop by Scott Credit Union if you could use further assistance in basic money management. We’d love to help!

Your Turn: Have we missed any major financial resources for veterans? Let us know in the comments.