Improving Financial Health

Helping our communities thrive and build resilience

Committed to Our Communities' Financial Health

As a member of the Financial Health Network, Woodforest is committed to providing effective solutions to improve the financial health of our employees, customers, and communities. These efforts help individuals and families thrive and build resilience.

Employee Stock Ownership Plan

Woodforest is privately-owned and its Employee Stock Ownership Plan (ESOP) is the largest shareholder. Woodforest offers all full-time and part-time employees the ability to build wealth through this unique benefit.

Second Chance Checking^®

Accounts designed to offer a second chance to customers who have experienced previous bank account challenges.

Consumer Product Loans

When life hands you the unexpected, a Woodforest ReLi^® (Unsecured Revolving Line of Credit) can provide a low-cost alternative for short term borrowing needs. ReLi^® loans can be as small as $500 for both consumers and small businesses to help manage short-term expenses. Offered as secured or unsecured and priced at a reasonable fixed rate over a 24-month term, these loans provide an outstanding alternative to "payday", "title", and other short-term, high-interest lenders.

Banking GPS

An online resource developed by Woodforest to provide a valuable three module course covering banking basics, checking account tips and debit card information to better manage personal finances. Woodforest customers can provide evidence of course completion to a Woodforest Retail Banker for a one-time convenience refund of an overdraft charge on their Woodforest account.

207,525

Participants during the 2015 - 2018 CRA exam period.*

* Information accurate as of 9/1/2020

Family Promise
New Beginnings^® Curriculum

Woodforest developed this program with Family Promise^® to provide low-income families, including those that may be experiencing homelessness, the tools they need to achieve financial sustainability at no cost. This program is unique and flexible in that it can be taught to a family in a homeless shelter or to groups gathered in a classroom. Family Promise is a nationwide 200,000+ volunteer organization with a mission to help homeless and low-income families achieve sustainable independence.

Additional Banking and Financial Education Resources

Woodforest National Bank’s Financial Education program began in March of 2010 with an objective of providing individuals with valuable information on the basics of banking and personal finance.

During the 2015-2018 CRA exam period, Woodforest provided*:

Graduation cap