United Way THRIVE, launched and led by United Way of Greater Houston, is a collaborative designed to support low-income, working families in their efforts to attain what every family wants: good jobs with good wages; safe and affordable housing; success for their children and financial security. The Wells Fargo Financial Capability Network will support United Way THRIVE’s efforts to help families achieve real financial independence.
“This partnership will allow us to better connect financial education with the use of financial products and services that meet the needs of low income families,” said Anna M. Babin, president and CEO of United Way of Greater Houston. “This work includes integrating Bank On Houston with United Way THRIVE financial stability services, promoting savings opportunities during tax time and partnering with Wells Fargo to expand financial education in our community.”
United Way of Greater Houston and Wells Fargo will focus on providing low and moderate income households with financial education, access to safe and effective financial products, and training on how to use them.
“Through our partnership with United Way of Greater Houston, this network will focus on helping to stabilize and rebuild local communities,” said Glenn Godkin, Wells Fargo regional president for the Greater Houston Region. “We’re continuing to increase our commitment to help even more efforts led by nonprofits to revitalize neighborhoods in cities that have been deeply affected by the challenging economy.”
As part of the partnership, Wells Fargo employees will share their financial expertise with United Way THRIVE partners and United Way affiliate agencies at quarterly training workshops. Wells Fargo volunteers will train THRIVE partners and agency staff to implement the workshop material into their existing programs.
Other key aspects of the Wells Fargo Financial Capability Network include testing a model for a scalable small dollar loan product, promoting savings through United Way’s free tax preparation program, and building a stronger collaboration with Bank On Houston, which helps the unbanked establish relationships with financial institutions.
“United Way of Greater Houston is so proud to partner with Wells Fargo for United Way THRIVE,” said Babin. “This generous gift beyond their annual gift will help transform the lives of hard working, low-income families and help change the wellbeing of families for generations.”
United Way of Greater Houston is one of eight United Ways selected to help establish what will become a nationwide financial capability network. We thank Wells Fargo for their generosity and their commitment to helping strengthen families and our entire community.