What began 90 years ago as a small credit union in Beaumont has grown into Rave Financial, a trusted partner with 14 locations in Southeast Texas, helping members and businesses thrive through banking, lending and financial guidance.

“Our goal is to improve the financial health of our members and community,” said Lori Higgins, Assistant Vice President of Business and Community Development. “We’re not-for-profit, so our focus isn’t on shareholders—it’s on people.”

Building financial health at every stage

Rave Financial goes beyond traditional banking, offering seminars, workshops, one-on-one advising and online resources to help members take control of their financial health.

“We want financial education accessible to everyone,” Higgins said. “Our goal is to empower people to feel in control of their futures. Money is the No. 1 stressor for many, and understanding it can improve quality of life.”

Members can learn to:

• Create a budget
• Pay off debt
• Manage finances
• Learn about buying a home
• Stay up to date with financial news

With practical tools and expert guidance, Rave Financial helps members manage money and build lasting financial wellness.

Financial seminars and workshops

At Rave Financial, one educational program is Money Better, a longstanding initiative teaching financial literacy for more than 15 years to students, young professionals and adults.

Through interactive seminars and workshops, members learn essential skills like budgeting, understanding credit, managing debt and planning for major milestones like buying a first home or saving for college. These in-person and virtual sessions allow participants to ask questions, gain clarity and apply practical strategies to their finances.

Rave Financial partners with schools, local businesses and community organizations to ensure these programs reach a wide audience and impact financial wellness across Southeast Texas.

Online resources

Rave Financial offers online financial education with various tools and resources, including:

• Credit score analysis: Understand your true FICO score with a detailed report and receive a personalized plan to improve and protect your credit.
• Financial calculators: Use easy-to-access tools to estimate savings goals, loan payments, and retirement needs, helping you make informed financial decisions.
• Money management tool: Track spending, create budgets and set short- and long-term financial goals in one platform.
• Financial health blog: Explore articles, tips and expert insights on budgeting, saving, investing and other strategies to strengthen your financial well-being.

These resources are accessible through Rave Financial’s website or Rave Video mobile app, making it easy to get guidance anywhere.

Supporting employees through Rave Partners

Rave Financial helps organizations support their employees’ financial wellness with its Rave Partners program designed to improve literacy and provide tools for managing money and future planning. Becoming a partner is free, and employees gain access to exclusive resources, guidance and perks to strengthen their financial health.

Employee benefits include:

• $50 bonus for opening a Rave checking account with direct deposit, online banking and eStatements
• $100 bonus for qualifying personal, auto, boat or RV loans of $20,000 or more
• Waived balance transfer fees on Rave credit cards
• Free credit score analysis
• Rate lock and swap options on new mortgages and refinances
• Access to online financial health resources
• Complimentary retirement portfolio review for qualifying investments

For businesses interested in the Rave Partners program, click here to learn more and sign up.



Building stronger communities

Beyond serving individual members and employees, Rave Financial is committed to the communities it serves, including Conroe and Montgomery County.

“While we started in Beaumont, our focus has always been on strengthening every community we serve,” Higgins said. “We’ve built strong relationships in Conroe and Montgomery County, supporting local schools, nonprofits and organizations to help residents and businesses thrive.”

By investing in these communities and providing financial education, Rave Financial ensures its impact extends beyond traditional banking.

Ready to take control of your financial future?

To learn more about Rave Financial’s financial health services, click here.

For more information on Rave Financial, visit https://bankwithrave.com.

The above story was produced by Multi Platform Journalist Chloe Chapel with Community Impact's Storytelling team with information solely provided by the local business as part of their "sponsored content" purchase through our advertising team.