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 Loan Products

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.

Woodforest Banking and Financial Education

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:*

38,807 Financial Education Hours

23,369 Classes

141,473 Participants

*Information accurate as of 09.01.20.

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 200,000+ nationwide volunteer organization with a mission to help homeless and low-income families achieve sustainable independence.

2019 Independent Bankers Association of Texas Best of Community Banking Award (Silver) Financial Education

Banking GPS