New Beginnings: The Path to Financial Literacy

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Family Promise and Woodforest National Bank Partner on Unique Curriculum for Low-Income Families

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These lessons can literally mean the difference between a family sleeping in a warm bed or in their car.

Family Promise and Woodforest National Bank announced the launch of "New Beginnings: A Program for Family Financial Fitness" at the Family Promise National Conference in Schaumburg, Illinois. "New Beginnings" is a financial literacy curriculum for families currently in Family Promise Affiliates nationwide as well as for those who have graduated the program.

"New Beginnings" is the result of a partnership between Family Promise, a national nonprofit helping homeless and low-income families regain their independence, and Woodforest National Bank, one of the nation’s leading community banks with over 750 branches across 17 states. It is a unique curriculum, tailored to low-income families—specifically, the working poor. It will provide families with a comprehensive approach to achieving financial sustainability, from basic banking concepts to budgeting and managing credit. It is designed to be clear and accessible both to families with no previous experience managing finances as well as to facilitators who may be new to teaching financial concepts.

Karen Olson, Founder and President of Family Promise, said, “'New Beginnings' will help low income and at-risk families learn the skills they need to become economically self-sufficient. These lessons can literally mean the difference between a family sleeping in a warm bed or in their car. We are tremendously grateful to Woodforest National Bank for partnering with us to make this curriculum possible.”

Woodforest’s partnership goes well beyond helping create "New Beginnings"—they have made Family Promise one of their featured community partners in their ongoing commitment to affordable housing. They have awarded numerous grants to Family Promise Affiliates and have engaged at the local level with their employees preparing meals, sharing their professional expertise, and serving on Affiliate committees and boards.

Boyd Nelson, EVP and Director of Community Development for Woodforest said of the partnership, “We are proud and excited to be an underwriting sponsor for the "New Beginnings" Financial Literacy Curriculum. Woodforest immensely values our partnership with Family Promise and their many Affiliates across our 17 state network of Branches in providing assistance and support to those many folks in need of a ‘helping hand up’”.

About Family Promise
Family Promise was founded in 1988 on the belief that Americans are compassionate people who want to make a difference. Today, Family Promise comprises 185 Affiliates in 42 states, with more in development. Family Promise programs involve more than 160,000 volunteers and they provide assistance to more than 50,000 family members annually. Since their founding, they have served more than 600,000 people, including tens of thousands of homeless families who found temporary homes at Affiliates nationwide.

About Woodforest National Bank
For over 34 years, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering unsurpassed quality customer service since 1980. Woodforest National Bank offers both consumer and business products and services at 750 branches in 17 states across the United States. Woodforest National Bank is committed to earning customer loyalty by offering the highest level of customer service and competitive products and services by employees who are fair, responsive and professional. For more information about Woodforest National Bank, please call 832-375-2000 or visit the bank’s web site at http://www.woodforest.com.

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Claas Ehlers
Family Promise
908-273-1100 Ext: 12
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Rickey Jimenez Jr.
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