Wellby Financial Awarded Best Overall Among Texas Banks and Credit Unions by Money.com
Wellby Financial, one of Houston’s largest and most historically significant credit unions, has been awarded Best Overall among banks and credit unions in Texas by Money.com, a digital media company whose mission is “to guide people to financial victories through up-to-date information, education, and tools.”
Wellby’s top ranking was based on a wide range of accounts and other financial products, highly competitive APY on savings accounts, and no monthly account fees. Wellby’s online banking, direct deposit, and identity theft recovery services also contributed to this win. In addition, Wellby was recognized for low minimums to open new accounts, an extensive 55,000+ ATM and 5,000 shared branches network.
“We’re here to help our members build, grow, and thrive on their journey to financial prosperity, and that begins by offering the right products and services at highly competitive rates,” shared President & CEO of Wellby Financial, Marty Pell. “We’re incredibly proud of this honor, as it reflects our dedication to providing our members with the tools and resources to truly support every step of their financial journey.”
According to Money, com, they analyzed a variety of data points when evaluating national banks, direct or online banks, and credit unions to determine these rankings:
To determine the winners in each category, we reviewed the following data points: minimum opening balance, interest rate paid, monthly fees charged and online accessibility. We also analyzed additional fees charged, including ATM use, overdraft and insufficient funds, wire transfers and overdraft protection.
When determining our winners, we emphasized checking and savings accounts that paid a high interest rate, required no opening or minimum balance and charged few or no fees. We also considered online and mobile accessibility, additional perks or rewards, and the size of the ATM network.
In addition to these factors, customer service rankings from specific J.D. Power studies are also considered whenever possible. This year, Money.com expanded surveys to include state and regional banks and credit unions.
This most recent accolade follows multiple honors received in 2023, including the prestigious CUNA Desjardins Adult Financial Education Award, highlighting their leadership in financial literacy education, tools, and resources. Wellby also received a Top Workplace award from the Houston Chronicle and a National Culture Excellence Award in the Employee Appreciation category from Top Workplaces.
Wellby’s commitment to excellence is foundational to their purpose: help people prosper. For more than 60 years, Wellby has supported the financial well-being of the Houston community. Originally created to serve the brave men and women of NASA’s Johnson Space Center, it has grown into one of the largest credit unions in Houston.
Learn more about Wellby and how they can help you build financial resiliency, grow in prosperity, and thrive on your journey to financial prosperity: wellbyfinancial.com.