Press Release: Veteran Action Announces Partnership With Erebor Bank

Veteran Action announces a partnership with Erebor Bank, the new digital bank co-founded by Palmer Luckey — the entrepreneur behind Oculus VR and defense company Anduril Industries.

“Erebor was designed to be the most secure, most innovative bank in America. It was built for organizations like Veteran Action — those doing serious work that demand a financial partner willing to move as fast as the mission requires,” said Mark Lucas, Founder & President of Veteran Action. “Palmer Luckey built Erebor for ‘real Americans doing real things,’ and that is exactly who our veterans are.”

Veteran Action advocates for America First policies that strengthen national security and provide unwavering support for veterans. It mobilizes grassroots members to encourage lawmakers to advance policy that protects the rights veterans have earned.

Erebor was built to serve startups and innovators that traditional financial institutions have historically underserved. Peter Thiel’s Founders Fund, Joe Lonsdale’s 8VC, and Lux Capital back Erebor, valuing the bank at $4.35 billion. It carries full FDIC deposit insurance.

Veteran Action aims to be one of the most innovative nonprofits in the country. That means operating at the speed of technology, embracing stablecoin payments, and protecting donor dollars with a bank that learned the lessons of Silicon Valley Bank’s collapse.

 About Veteran Action

Veteran Action is a grassroots veteran advocacy and policy organization. The organization advocates for America First policies that strengthen national security and deliver comprehensive care and support for those who have served.