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Wellby Financial

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Wellby Financial - Company Market Research Report



Company Overview



Name


Wellby Financial

Mission of the Company


At Wellby Financial, the mission is to help each member reach their dreams and attain financial well-being through smarter banking options and personalized experiences.

Founding Details


  • Founded: 1961

  • Founders: Originally established to serve the employees and families of NASA Johnson Space Center.


Key People


  • President & CEO: Marty Pell


Headquarters


  • Location: 1330 Gemini, Houston, Texas 77058, USA


Number of Employees


No information is available.

Revenue of the Company


No information is available.

What is the Company Known For


Wellby Financial is known for being a member-owned, not-for-profit financial institution that offers a wide range of financial products and services. It is also recognized for its commitment to community service and financial wellness programs.

Products



Products Offered


1. Checking Accounts
2. Savings Accounts
3. Vehicle Loans
4. Home Loans
5. Personal Loans
6. Credit Cards

Product Descriptions & Key Features



1. Checking Accounts
  • Description: Provides various checking options tailored to customer needs.

  • Key Features: No information is available.


2. Savings Accounts
  • Description: Offers competitive rates designed to help users save money efficiently.

  • Key Features: Highly competitive dividend rates on savings, no minimal balance requirements.


3. Vehicle Loans
  • Description: Competitive rates on auto loans for new and used vehicles.

  • Key Features: APR as low as 6.14% for up to 48 months.


4. Home Loans
  • Description: Offers mortgages with favorable rates and terms for new homeowners.

  • Key Features: 30-Year Fixed Mortgage with APR as low as 6.809%.


5. Personal Loans
  • Description: Provides personal loans for various needs.

  • Key Features: No information is available.


6. Credit Cards
  • Description: Various credit card options with competitive rates.

  • Key Features: No information is available.


Recent Developments



Announcements and Partnerships


1. Official Credit Union of the Houston Rockets
  • Date: September 4, 2024

  • Details: Multi-year partnership marking significant outreach to the Houston community and alignment with the organization’s Space City heritage. The partnership includes in-arena branding, gameday activations, and exclusive member experiences.


2. New Headquarters and Branch
  • Date: June 7, 2024

  • Details: Land acquisition near Baybrook Mall for new headquarters and a branch.


3. CUNA Financial Education Award
  • Date: November 20, 2023

  • Details: Received the prestigious CUNA Desjardins Adult Financial Education Award for leadership in financial literacy.


Awards


1. Best Overall Among Texas Banks and Credit Unions by Money.com
  • Date: February 26, 2024

  • Details: Recognized for competitive APY on savings accounts, lack of monthly account fees, and extensive ATM network.


2. One of America’s Best Credit Unions 2024 by Newsweek and Plant-A Insights Group
  • Date: March 26, 2024

  • Details: Based on a survey of more than 35,000 individuals and over 140,000 reviews of regional banks and credit unions.


3. Top Workplace Award by Houston Chronicle
  • Date: November 9, 2023

  • Details: National Culture Excellence Award in the Employee Appreciation category, based on employee feedback.


Other Developments


1. Partnership with Bay Area Habitat for Humanity
  • Date: October 2023 - August 2024

  • Details: Sponsored home build with a $150,000 donation to support local family housing needs.


2. Financial Wellness Programs
  • Continuous

  • Details: Financial education events, personalized financial tools, and highly competitive rates as part of member benefits.


New Products and Features


No information is available.

Other New Partnerships


1. Axiom Space Partnership
  • Date: February 26, 2024

  • Details: Collaboration to support members with predictive analytics and cutting-edge technological solutions.


Contact Information



  • Address: 1330 Gemini, Houston, Texas 77058, USA

  • Phone: (281) 488-7070 | (800) 940-0708

  • Media Contact: media@wellbyfinancial.com



Additional Mentions


  • Membership Details: Open to those who live or work in the City of Houston or within Galveston County, family members of existing Wellby Financial members, or those associated with partner organizations.

  • Community Impact: Continuous efforts in supporting financial literacy, community partnerships, and sustainable change initiatives.

  • Rates and Fees: Provides detailed rates for HELOC, Auto Loans, and Mortgages with terms and low APR.


Conclusion


Wellby Financial continues to evolve and expand its reach within the Greater Houston area. Its commitment to community impact, financial literacy, and member-focused services underlines its mission of helping members achieve financial well-being. With numerous awards and accolades, Wellby Financial stands out as a leader in the financial sector.



Data Sources: Wellby Financial official communications, media releases, and available public information.