Bank­ing

Daily Local News (West Chester, PA) - - MARKETPLACE -

pe­ti­tors have ex­panded into other coun­ties.

Ac­cord­ing to its his­tory, Bench­mark FCU be­gan by serv­ing em­ploy­ees of John Wyeth & Brothers Inc. in Philadel­phia in 1940, which later be­came Wyeth Phar­ma­ceu­ti­cals, then Pfizer in 2009. Bench­mark set­tled in Ch­ester County to serve its mem­ber­ship, which now tops 12,500.

In 2015, Bench­mark an­nounced a new com­mu­nity char­ter that ex­panded its foot­print be­yond Wyeth em­ploy­ees and en­abled it to ex­clu­sively serve Ch­ester County. It is owned by its mem­bers and re­ceived ap­proval to ex­pand on April 10, 2015, just in time for its 75th an­niver­sary.

Bench­mark pro­vides its mem­bers with the same or more fi­nan­cial ser­vices as larger com­peti­tors, in­clud­ing free check­ing ac­counts, va­ca­tion and hol­i­day club ac­counts, loans, cer­tifi­cates, money mar­ket ac­counts and in­di­vid­ual re­tire­ment ac­counts. Bench­mark also has home bank­ing, on­line bill payer, ac­count-to-ac­count trans­fers, re­mote de­posit any­where, mo­bile bank­ing, di­rect de­posit, and in­stant is­sue debit/ATM cards.

Mark Yoder, pres­i­dent of the Greater West Ch­ester Cham­ber of Com­merce, said Bench­mark has been a solid cor­po­rate cit­i­zen and has been a spon­sor of the an­nual Cri­terium bike race that draws thou­sands to the bor­ough.

“It’s great for the cham­ber to see their growth,” Yoder said at Tues­day’s rib­bon cut­ting of the West Ch­ester branch. “Bench­mark has been so sup­port­ive of our mis­sion and very ac­tive in the com­mu­nity.”

With the open­ings of the new branches the credit union em­ploys 38 peo­ple.

To con­tact Busi­ness Editor Brian McCul­lough, call 610-235-2655 or send an email to bm­c­cul­lough@ dailylocal.com.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.