Answer by Dana Turner: Before I make my recommendation, let me tell you what I found out when I called the Department of Veterans Affairs this morning...
I use particular definitions to describe what is -- and what shouldn't be -- considered valid, appropriate identification that is accepted by credit union personnel:
Based upon the information that I obtained from the VA and my own experience, I don't believe that the VIC -- offered without other appropriate, supporting documents -- should be considered as an acceptable form of identification. The VA's validation and verification process can be compromised; there's no visible expiration date; it's not designed to be used to conduct financial transactions; and it may be difficult or impossible for a law enforcement agency to retrieve applicant data if a crime occurs.
Answer by Andy Zavoina: I would second the advice of Dana. This is especially the case because there is no expiration, control and issuance may be in question and the VA doesn't recommend you use this as a primary source of ID. It may serve as a secondary, much like a utility bill can.
I spoke to two individuals who have one of these in their wallets. Each indicated that to obtain it, they presented their retired military ID cards. No other verification was required and data to complete the form to get it was pulled from the VA system, not asked of or verified by them.
First published on BankersOnline.com 4/24/06