Banking & Finance
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Is A Credit Union Right For You?
By Cynthia Minuti, Chief Experience Office, Ardent Credit Union Since leaving the banking industry and moving to Ardent Credit Union, I’m frequently asked, “What’s the difference between a bank and a credit union?” The short answer is, everything! For starters, credit unions (CUs) are not-for-profit organizations that exist to serve their members. Like banks, credit…
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BHCU Unveils New Savings Account
BHCU has introduced its new iSAVE account, a savings account with one of the highest interest rates in the country. Designed to support members’ long-term savings goals in pursuit of their personal financial independence, BHCU’s iSAVE account is exclusive to BHCU members. “Pay yourself first” is the driving force behind this product, which will help…
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Malvern Federal’s New Logo, Tagline Respects Past, Points to the Future
The Paoli-based Malvern Federal Savings Bank has announced plans to introduce an updated brand identity, including a new company logo and tagline, as part of a general expansion in 2017. As part of this initiative, Malvern Federal will re-introduce its brand in advertising, marketing materials, and branch signage, as well as on its website and…
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Malvern Federal Savings Bank Appoints New Chief Operations Officer
Malvern Federal Savings Bank has appointed Alexander Opiela III to the position of Chief Operations Officer. He replaces Karen Walter. “Alex is highly regarded as a motivated professional, and we believe he is an outstanding addition to the team, bringing over 12 years of diverse banking experience,” said Anthony C. Weagley, President and CEO of…
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City-Based Police and Fire Federal Credit Union to Open Branch in Springfield
Building on its impressive growth last year, the Philadelphia-based Police and Fire Federal Credit Union is expanding its reach with a new branch in Springfield. This expansion is part of PFFCU’s mission to provide the best Branch and Call Center Service in the Greater Philadelphia and South Jersey regions. The PFFCU aims to be the…
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Malvern Bancorp Posts Strong First-Quarter Earnings Driven by Loan Growth
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported operating results for the first fiscal quarter ended Dec. 31, 2016. Net income amounted to $1.2 million, or $0.18 per fully diluted common share, for the quarter ended Dec. 31, 2016, a decrease of $174,000, or 13.0 percent, as compared with net…
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Malvern Bancorp Reintroduces Insurance Subsidiary, Malvern Insurance Associates
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, is reintroducing its insurance subsidiary, Malvern Insurance Associates, LLC. The company will offer commercial insurance; life, health, and long-term care insurance; and fixed annuities in its traditional Philadelphia Main Line geography and from its new offices in Morristown, N.J., and Quakertown. The Quakertown office,…
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Aston-Based Sun East Puts Feet on the Street to Help Local Businesses
To assist local employers in delivering financial education initiatives to their employees, the Aston-based Sun East Federal Credit Union has added two financial literacy superstars to its Business Development Team. Curt Reger and Jim Maloney have a combined 22 years of experience, and can deliver onsite workplace education programs aimed at helping employees develop budgets…
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Malvern Bancorp Hires New Exec to Work with Nonprofits, Independent Schools
Malvern Bancorp, the parent company of Malvern Federal Savings Bank, has recruited Patricia McLennan to join the organization in January 2017, and serve as Senior Vice President and Director of Community Development, dealing specifically with nonprofits and independent schools. McLennan will be working with the CEO and executive management team in handling and coordinating internal…
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Milestone Celebrated in Construction of Franklin Mint Credit Union’s New Headquarters
The Henderson Group, one of the leading commercial real estate development companies in the Greater Philadelphia region, celebrated a major milestone in the construction of the company’s Brandywine 6 office building in Chadds Ford with the ceremonial “topping off” of the steel structure. Henderson employees, elected officials, and key project partners gathered to sign the…
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Lincoln Financial’s Jamie Ohl One of Industry Publication’s ‘Women Worth Watching’
Profiles in Diversity Journal has included Jamie Ohl, Lincoln Financial Group’s president of Retirement Plan Services, in its 2016 “Women Worth Watching” list for her role in leading innovation and positive outcomes in the retirement industry. Ohl, who joined the Radnor-based company last year, has been a driver of positive change in the retirement industry.…
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How Many Millionaires Live in Delaware County and How Much Taxes Do They Pay? Find Out Here
Delaware County ranks fifth among all Pennsylvania counties in the number of residents who filed as millionaires in 2014, the year with the most recent data available, writes Kenneth Hilario for the Philadelphia Business Journal. Montgomery, Allegheny, Chester, and Bucks counties comprise the top four in that order. According to the data, Delaware County is…
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Malvern Bancorp Reports 565 Percent Increase in Net Income from This Time Last Year
Malvern Bancorp continues to prosper, as the parent company of Malvern Federal Savings Bank has reported strong operating results for the fourth fiscal quarter ended September 30, 2016. Net income amounted to $7.7 million, or $1.21 per fully diluted common share, for the quarter ended September 30, 2016. That represents an increase of $6.6 million,…
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Customer Satisfaction on Mind of Malvern Federal Savings Bank’s CEO as Listening Tour Kicks Off
Malvern Federal Savings Bank CEO Anthony C. Weagley and SVP Sally Lawson will embark on a Listening Tour beginning Wednesday at the Berwyn Financial Center. The Listening Tour will introduce the bank’s wealth management platform, and provide the bank’s leaders an opportunity to hear from clients to ensure they are receiving the best customer service.…
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WSFS Expands Regional Presence, Pushes into Philadelphia Market
The Wilmington-based WSFS Financial Corp. has entered Philadelphia with the acquisition of West Capital Management and a strategy to grow its fee-based business, writes Jeff Blumenthal for the Philadelphia Business Journal. West Capital has a team of 17 employees and adds roughly $700 million in assets under management, giving WSFS roughly $1.2 billion. This is…
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Malvern Federal Savings at Forefront of Women in Banking Revolution
Banking and finance is one of several industries across the economic landscape whose cultures are rooted in traditions of the past. Which is why women who work in this field primarily gravitate toward the retail side, as opposed to the lending side. The Harrisburg-based Pennsylvania Bankers Association said that only 37 percent of all commercial…
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In Industry of Frequent Mergers, Radnor’s Pennsylvania Trust Celebrates 30th Anniversary
Pennsylvania Trust, an independent, employee-owned wealth management firm in Radnor with more than $3 billion in assets under management and administration, is marking its 30th anniversary this year. Amidst great change in the industry in the past three decades, Pennsylvania Trust has maintained unparalleled depth and expertise, with a relentless commitment to the needs of…
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Franklin Mint Federal Credit Union Teaches Delco Teens About Personal Finance
Some of the best learning in the world takes place on the job, and that’s why Franklin Mint Federal Credit Union has nine financial literacy centers in high schools throughout Delaware County. “It’s really a helpful introduction to personal finance,” Strath Haven High School student Valerie Cheney said in a Philadelphia Inquirer report by Erin…
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