Benchmark opens two new branches
With the openings in West Chester and Phoenixville, Benchmark doubles the size of its network
An offshoot of the Wyeth credit union this week marked the doubling in size of its branch network.
Chester County business and government officials joined with Benchmark Federal Credit Union employees Tuesday to celebrate the opening of branches in West Chester and Phoenixville, bringing their total to four as they grow their network.
“This has taken off very well,” David F. LaSala, president and CEO of Benchmark, said of the new West Chester location in the Cambridge Square shopping center on East Gay Street. “Of course a lot of Wyeth employees used to live here.”
Earlier in the day, business supporters held an official opening ceremony at the new Phoenixville office on Starr Street in the Acme Shopping Center.
The credit union, with $230 million in assets, is based on McDaniel Drive in West Goshen and has a branch there and also has a branch on Liberty Boulevard in the Great Valley area.
Benchmark describes itself as a not-for-profit financial cooperative that extends membership to anyone who lives, worships, works or attends school in Chester County. Under its charter, Benchmark is also focused on financial education in the community, and has won a national award for its free financial literacy program made available to 49 Chester County schools.
The credit union also bills itself as the only credit union to concentrate exclusively on Chester County now that larger com-
David LaSala, president and CEO of Benchmark Federal Credit Union, speaks at the ribbon-cutting ceremony for the new West Chester branch at 323 E. Gay St. on Tuesday. Benchmark also celebrated the opening of another branch location at 785 Starr St. in Phoenixville.