Wellby Financial Announces Land Acquisition for New Headquarters, Branch Near Baybrook Mall
This strategic move underscores Wellby Financial's commitment to the Clear Lake area, the economic growth of the community and credit union, and member service.
HOUSTON, TX – June 7, 2024 – Wellby Financial, an award-winning, nationally ranked credit union proudly serving Greater Houston, announces the acquisition of 9.5 acres of land near Baybrook Mall. This strategic move underscores Wellby Financial's commitment to the Clear Lake area, the economic growth of the community and credit union, and member service.
Wellby Financial finalized the land acquisition on June 7, 2024. Construction is expected to begin in 2025. The new headquarters will be situated at Baybrook Center, located off I-45 on Gulfbrook Drive. This prime location offers excellent accessibility and proximity to key amenities, nestled between a series of retail stores, restaurants, and more. The project will be executed in phases over several years, starting with a groundbreaking ceremony to engage the community and celebrate this milestone.
“This land acquisition is a strategic investment that will directly benefit our current and future members. By establishing our new headquarters and a state-of-the-art branch at this prime location, we are enhancing our ability to serve our members with greater efficiency and accessibility, all in support of our mission to help people in Houston prosper financially,” said Wellby Financial President & CEO Marty Pell.
Strategic growth and community commitment
This investment is part of Wellby Financial's strategic plan to expand and enhance its service offerings, ensuring it continues to help people prosper by supporting its members' path to financial prosperity. Building its headquarters and a new branch in this location highlights its dedication to Greater Houston, its continued support of its legacy communities – Southeast Houston and the space community – and its desire to contribute to its economic vitality.
Member benefits
The new headquarters and branch will enable Wellby Financial to better serve its members, providing enhanced facilities and services in the heart of its legacy market. This location is strategically significant due to its proximity to major transportation routes, business hubs, and the vibrant Baybrook Mall area. It allows Wellby to stay close to the communities it has been serving for more than 60 years, ensuring continuity and a deep understanding of their needs.
Credit union philosophy and cooperative nature
As a member-owned credit union, Wellby Financial operates on the credit union philosophy of "people helping people." The cooperative nature of a credit union means that Wellby is dedicated to serving the best interests of its members rather than maximizing profits. Every decision Wellby makes is guided by its commitment to supporting its members' financial well-being and fostering a strong sense of community.
Key collaborators
Wellby Financial has partnered with La Macchia Group, a nationally recognized leader in the financial services industry, and Powers Brown Architecture, an award-winning architectural, interior, and urban design firm. Colliers Houston, the real estate team that brokered the land purchase, has been at the forefront of the industry for over six decades, delivering real estate solutions with precision and integrity. These collaborations will ensure that the new headquarters is a state-of-the-art facility that meets current needs and supports long-term growth and strategic goals.
Future plans
The new headquarters will foster an environment that promotes collaboration through relationship building and in-person connections. This ensures that team members can maintain productivity, strong interpersonal relationships, and team cohesion. Wellby intends to actively use the space to its fullest potential, ensuring it is a vibrant and dynamic environment that supports Wellby remaining a top place to work.
The existing building and branch in Clear Lake on Gemini Street will remain operational. In the next several years, Wellby plans to update and refresh this branch to offer a more modern, in-person experience that meets the needs of its members today.
