Skip to main content

Financial Empowerment Program

Investing in the communities where we live and work is a hallmark of Webster’s history. Our values-driven, community-minded bankers strive to support at-risk populations by working with organizations to bring the greatest impact. 

In January 2018, Webster augmented its annual philanthropic budget by $1 million to accelerate its investment in the communities we serve.  This acceleration resulted in several new initiatives including the Financial Empowerment Program.
Webster focuses on the importance of financial literacy by supporting programs targeted to building capacity. Since 2018, we’ve awarded $300,000 helping our partners remain laser focused on building the financial literacy of our neighbors.  

Working closely with our Community Reinvestment and Community Development Officers, the bank supports nonprofit organizations at the forefront of addressing financial literacy among their constituents. Each April, which is Financial Literacy month, grants are awarded across our footprint and our bankers give their time, talent and expertise to help clients gain real-world, hands-on experience.

Our partner organizations focus on building curriculum-centered resources for low to moderate income residents. In its first year, Webster provided grants to thirteen nonprofit organizations in Connecticut, Massachusetts, Rhode Island and New York. Since then forty grants have been awarded. 

At Westchester (NY) Community College’s Center for Financial and Economic Education, our bankers teach a workshop entitled “Making Cents of Banking.” This workshop helps participants gain a better understanding of their finances and how they can shape their financial futures by discussing the basics of debt, savings, improving FICO scores and avoiding predatory lenders.

Applications for the Financial Empowerment Program are by invitation only. Inquiries can be made to commaffairs@websterbank.com.