Financial Wellness for the Workforce

We started with a simple conviction: financial wellness should not be a luxury. Our mobile app gives workers and their families a personal budget planner, bill tracker, expense manager, and financial literacy coach, available in English and Spanish, voice-enabled, and designed for the smartphone already in their pocket.

We do not replace banks. We give people the skills and confidence to use them.

For worker centers, unions, and community organizations on the front lines of economic mobility, Econofi is the financial wellness layer you can offer your members today, with no IT investment and no cost to them.

"For millions of Americans, the paycheck arrives and it disappears."

Not because of bad decisions. Because of the system they were born into.

Rent, utilities, groceries, the phone bill, the car payment are all due before the next check arrives. No savings cushion. No emergency fund. No clear picture of where the money actually goes. And when the unexpected hits, a medical bill, a car repair, a missed shift, the only options left are a payday loan at 300% interest or asking family who cannot afford it either.

This is not a story about irresponsibility. It is a story about a financial system that was not built for everyone.

The unbanked and underbanked population in the United States, more than 63 million people, works hard, contributes to their communities, and deserves the same financial tools that everyone else takes for granted. Tools that help them understand where their money is going. Tools that explain financial concepts in plain language, and in their language. Tools that do not charge fees to access their own money.

How It Works 

1. Workers download the Econofi app (iOS or Android)

2. Set up a personal budget using the guided planner

3. Track bills, expenses, and savings goals

4. Complete financial literacy modules at their own pace

5. Access resources, in their language, at their pace

Worker centers are on the front lines of financial inclusion. Econofi gives your members a tool they can actually use. Multilingual, and built with their community in mind.

What Deploying Econofi Means for Your Bank Partners

A new kind of conversation with your funders

Worker Centers and community banks often have funding relationships that are difficult to document. The bank writes a grant. The Worker Center delivers programming. When the bank's regulator asks what that investment produced, the answer is usually a program summary and a list of attendance dates.

That is not what federal bank examiners want to see. Under the Community Reinvestment Act, banks must demonstrate that their community development activity reached low-to-moderate income individuals in specific geographic areas, through services that qualify as financial education or counseling. A narrative and an attendance sheet rarely satisfy that standard on their own.

When your organization deploys Econofi for your members, every session your members complete generates a documented record that your bank partner can use. The record includes who was served, where they are located, what type of financial activity they completed, and when. It builds continuously, not in the weeks before an examination.

What your bank partner receives

At the end of any reporting period, your bank partner can pull a structured summary of the financial wellness activity their partnership with your organization produced:

• Total number of low-to-moderate income individuals served

• Number of qualifying sessions by type: financial education, budget planning, and financial coaching

• Census tracts where members are located

• Total estimated service hours, by activity category

• Bilingual delivery breakdown

This is the evidence an examiner looks for. It does not require your staff to reconstruct it. It exists because your members used the app.

Three situations where this matters

Your bank partner is approaching a CRA examination.
Banks that partner with Worker Centers often struggle to document what their investment actually produced. If your members have been using Econofi throughout the year, the bank already has an exportable record of every qualifying interaction. The exam preparation is largely complete before it begins.

Your organization is applying for a new bank grant.
Many Worker Centers rely on annual grant cycles that require demonstrating member impact to renew funding. Econofi generates the impact data automatically: completion rates, session volume, engagement by language, and geographic reach. Your grant renewal report becomes a data report, not a written estimate.

A prospective bank funder wants to understand the return on their investment.
The question a community development officer at a bank asks before funding a Worker Center program is: what will we be able to show our regulator? With Econofi, the answer is specific. You can show a prospective funder what a quarter of member activity would look like before they commit.

The role your organization plays

Econofi does not replace the relationships your organization has built with its members. It documents the financial wellness work those relationships make possible.

Your staff introduces the app. Your members use it. The record of that activity becomes a shared asset: useful to your members as they build financial skills, and useful to your bank partners as evidence of the community development work they funded.

Contact us to learn how Econofi deploys for Worker Center programs and what the reporting looks like for your bank partners.