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New Beginnings: A Path to Financial Literacy

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 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.

Family Promise President Karen Olson 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
Boyd Nelson, EVP and Director of Community Development for Woodforest, addressed the partnership at Family Promise’s national conference in October, saying, “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’”.