Bench­mark opens two new branches

With the open­ings in West Ch­ester and Phoenixville, Bench­mark dou­bles the size of its net­work

Daily Local News (West Chester, PA) - - FRONT PAGE - By Brian McCul­lough bm­c­cul­lough@21st-cen­tu­ry­ @wc­dai­ly­lo­cal on Twit­ter

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.

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