Fraudulent calling attempts are on the rise. Scammers are posing as WSFS Associates – using fake caller IDs and personal details to gain your trust. NEVER share your account passwords or verification codes on unsolicited calls. Verify the call by hanging up and notifying us directly at 888.973.7226 7am‑7pm ET (M‑F) and 9am‑3pm ET (on weekends).
Fraudulent calling attempts are on the rise. Scammers are posing as WSFS Associates – using fake caller IDs and personal details to gain your trust. NEVER share your account passwords or verification codes on unsolicited calls. Verify the call by hanging up and notifying us directly at 888.973.7226 7am‑7pm ET (M‑F) and 9am‑3pm ET (on weekends).
Has another year really gone by? Seems impossible. For many of us, life is busy, advancing our careers, raising children, moving, and traveling just to name a few things. Still, it is important to stay financially focused, and the last quarter of the year is a great time to revisit your finances and build a…
As he approached retirement after 30 years with the U.S. Department of Alcohol, Tobacco and Firearms (ATF), Greg Wright was looking ahead to how he would transition careers with two daughters in college. “I have a close friend who is also a franchise broker who helps entrepreneurs connect with franchise brands and lenders,” says Greg. “He…
Reaching financial milestones, such as buying your first home or saving for retirement, can often seem like a daunting task. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that 58% of Millennials and Gen Z consumers are optimistic that they’ll achieve their financial goals one day, but many still felt some common…
The past year-plus has been a perfect storm for a volatile housing market. Interest rates dropped and stayed low, prices rose, and inventory became scarce, shutting many would-be homebuyers out of the housing boom. However, as we start seeing home prices stabilize and inventory increase in some areas, it may be a good time to jump…
Credit and loans can be helpful tools on your financial journey, but ones that require you to proceed with caution. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that 78% of respondents said they weren’t good at maintaining good credit. U.S. consumer debt reached a record of $14.88 trillion in 2020, according to…
Two decades ago, José Fernandez was working as a handyman for a local company in Delaware with his eyes toward the future after working with a local contractor. “I decided to pursue real estate and transitioned to working as a realtor,” said José. “But then the economy and housing market crashed.” Leaning on his construction experience, skills…
After nine years working in retail sales at a department store, Jennifer Rossi decided it was time to make a change in order to continue her professional growth, but wanted to find a role where she could still do what she loved most: help Customers. “I stayed in my previous job for so long because…
It’s no secret that the COVID-19 pandemic forced a surge in technology adoption across numerous industries. However, despite the availability of technology-driven forms of payment such as credit cards, P2P, and mobile wallets, a recent nationwide study by Cash Connect and One Poll revealed that out of 1,500 people surveyed, 40% prefer to use cash…
October is Cybersecurity Awareness Month, which serves as a great opportunity to brush up on common scams and how to protect yourself. Scammers work around the clock to find new ways to defraud innocent consumers, and thousands fall victim to scams each day. With the right knowledge and a bit of vigilance, you can help protect yourself…
These days, consumers are not short on options for their borrowing needs. Whether remodeling a home, buying a boat, consolidating debt, paying for a wedding or simply looking to establish and build your credit history, there are loan products designed for various uses and with terms that can help fit many budgets. While determining which loans…
When it comes to saving for retirement, many of us are already familiar with the primary investment savings vehicles offered to us, the individual retirement account (IRA) and the employer-sponsored retirement account, such as the 401(k) and 403(b). However, if you are fortunate enough to work for a company that allows it, you may be…
The past year and a half has been a challenge for many small businesses, as the COVID-19 pandemic impacted their operations, forced some businesses to close during mandated shutdowns, and has even impacted recruiting and hiring qualified staff. PPP loans were a critical bridge for many small business owners, but the flagship SBA 7(a) program…
Branching out on your own is an exciting life stage for many young adults, but one that carries with it a great deal of responsibility, particularly as it relates to finances. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that when it comes to financial literacy, 61% of respondents agreed that most…
Economies evolve over time. From big oil to electricity to the internet, inventions and new technologies transform the world as we know it. Naturally, during these transformations, companies within certain industries experience tremendous growth. From this growth, they become the top market capitalized stocks in the stock market. Market experts argue over the length of this…
When it comes to credit for a small business, loans are typically the first options that come to mind. Small business loans are great options for infusing capital into a small business or to finance a property purchase, equipment or other operating needs. For daily operating expenses, a small business credit card can provide great value for…
Whether you are an entrepreneur at the helm of a startup or a seasoned small business owner looking to expand, the importance of good business credit cannot be understated. From equipment finance to real estate loans and credit lines for operating expenses, at some point your business will most likely need to borrow money from a business lender….
After working as a general contractor for about a decade, Leah Perez decided it was time to make a career change. “I knew that if I wanted to start a family and build our future that I needed something that wasn’t so hard physically and that offered benefits,” said Perez. “WSFS was across the street from…
Whether it’s a compromised business email, ransomware, accounts payable fraud, mail theft, or an investment scam, we’ve all heard of, experienced or know someone who has fallen victim to one of these fraud trends. Even as technology companies and financial sectors work together to develop innovative ways to protect accounts and businesses, hackers are working…
Over the past 18 months, home values throughout the Greater Philadelphia and Delaware region—and the country—have increased drastically. Fueled by still-low interest rates and the desire for living arrangements with more space has led to homeowners and first-time homebuyers alike searching at a feverish pace to acquire the house of their dreams. As a result of these…
A tough economy led Matthew Sellers to a job in banking, but the culture at WSFS and the opportunity to help Customers inspired him to turn that job into a career that has spanned 12 years with the Bank. “I was working as an office manager in the land surveying industry, but in 2009 the economy…
Amid the pandemic, many commercial real estate projects were forced to hit pause due to government shutdowns, supply chain issues and other unforeseen circumstances. In a bustling city like Philadelphia, where multi-family housing and commercial space is in demand and development timelines are often tight, delays in these types of projects can be detrimental to…
Having worked in retail management and commissioned sales roles for more than 20 years, Jennabeth Dalton had never thought about a career in banking until a WSFS Associate she had previously worked with recommended she give it consideration. “I had heard of WSFS because my parents banked at the Blue Hen Mall banking office when I…
Jim Wechsler, Senior Vice President and Chief Retail Lending Officer at WSFS Bank, joined the Upstart Leaders in Lending Podcast to discuss the benefits of partnerships between banks and FinTechs, the value of focusing on Customer experience, Delivery Transformation, and more.
From early in her career, Krystin Martin knew what she wanted to do for a living: help people. “Prior to joining WSFS, I worked a front desk job helping Customers each day, which is where I learned that Customer service was something I wanted to do for my career,” said Martin, a Contact Center Manager at…
Your teenage years can be formative in many ways, including learning key lessons about money and finances to help build the foundation for success later in life. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that many felt they were on their own when it came to learning about finances. Parents topped the…
Having been a business owner for 40 years, I know that making the decision to change vendors, after years of partnership, can be daunting. Now, apply that to switching a banking relationship, and the decision becomes harder. A proven track record and solid customer relationships are a driving factor in the success of our Pennsauken-based…
For franchisees, getting their business off the ground is one of the, if not the greatest challenge of their careers. From meeting the franchisor’s scale and experience requirements to securing financing, the journey to becoming a franchisee is often a long and winding road. But what are franchisees to do when they’ve met the challenge, started…
The WRK Group in Wilmington brings together a collection of three nonprofits – The Warehouse, REACH Riverside, and Kingswood Community Center (KCC) – working in unison to make a major impact on the city. “Our three nonprofits work collectively to help empower the most impoverished neighborhood in Wilmington, where 70% of our children live in poverty,…
Summer is unfortunately winding down, which for students and their parents means it is back to school season. After a few months out of the classroom – or in some cases a full year with remote learning as a result of the pandemic – it is time to get your children prepared for not only a…
These days, many Americans find themselves with a surplus of cash in their checking accounts due to reduced expenses, stimulus payments and more. While keeping money in checking accounts is much safer than stashing cash around the house, there is another great way to save your extra cash – a money market account – safely with access as…
Last year, many Americans stockpiled cash to prepare for the uncertainty of the COVID-19 pandemic. So much so, the personal savings rate for Americans reached record levels. The U.S Bureau of Economic Analysis (BEA) reported that the savings rate for Americans was up to 33% in April 2020, the highest ever reported by the BEA.[1]…
With record low interest rates and an eagerness among Americans to buy homes with more space as they adjusted to the COVID-19 pandemic’s impacts on daily life, the U.S. housing market has experienced a boom over the past year that we have not seen in quite some time. Unfortunately, when supply and demand tilts as heavily…
The right finance partner can make a huge difference in the structure, operations, and growth of your company. This relationship can be the difference between growing your business and remaining stagnant; winning new business and losing potential customers to a competitor; or even loyal employees leaving and high turnover rates. So why do so many…
When it comes to money management, the COVID-19 pandemic changed people’s habits and budgets in varying ways. From stimulus checks and expanded unemployment benefits to reduced commuting expenses, many people experienced some degree of shifting in how they accumulated, spent and saved money. For those who’ve consistently found that they have extra money after taking care…
Having worked in the finance and technology industries for nearly 25 years, Corynn Ciber is no stranger to breaking barriers. In two industries that women have been underrepresented in, she has blazed her own trail, leading to her role as Senior Vice President and Chief Digital Officer at WSFS Bank. Her advice for others looking to…
Whether onsite or working remotely, WSFS’ class of 130 interns have been putting classroom lessons into practice to make an impact across the Bank’s regional footprint this summer. “From retail banking and consumer lending to information technology, our dedicated interns have lived our mantra of ‘We Stand for Service,’” said Dionndra Rooks, Talent Acquisition Partner at WSFS Bank….
Over the past year, we’ve seen a rapid acceleration of consumers using mobile banking and digital payment options to keep track of their expenses, send and receive money from family and friends, make purchases at local businesses and more. While the initial surge came due to COVID-19 pandemic lockdowns and ensuing restrictions, the use of mobile…
Despite the availability of technology-driven forms of payment such as credit cards, debit cards, and mobile wallets, cash remains a mainstay for both consumers making payments (40% prefer to use cash) and businesses accepting them (78% accept cash as a form of payment), according to a new study published by Cash Connect, a division of…
Banking options aren’t one-size-fits-all, and neither is your business. Like your business, your banking partner plays a critical role to your success, requiring regular monitoring to ensure it fits your needs now and down the road. A lot can change in a fiscal year so evaluating your relationship annually is smart business. Your bank can help…
A veterinarian’s job is to care for our beloved furry friends that, unfortunately, can’t communicate exactly what’s wrong or what they are feeling. Therefore, many veterinarians rely on equipment such as ultrasounds, digital radiography, endoscopes and analyzers to give them a more holistic view of the situation at hand, and to help make informed recommendations…
Create an Estate Plan Developing an estate plan is important for everyone, and imperative for those who have a family or are accumulating assets. Regardless of your level of wealth, an estate plan allows you to make your own decisions regarding who will receive your assets upon your passing, appoint someone to make financial and…
Vacation season is heating up! After a year that saw trips and plans cancelled due to the pandemic, many consumers are eager to get back on the road or in the air, but vacation-related scams are on the rise, with increasing reports of rental car and vacation home rental scams. Here are tips to help you avoid…
Shari Kruzinski’s career can be defined with one word: commitment. Kruzinski has remained dedicated to WSFS and her fellow Associates, her Community and the success of women throughout her more than 30-year career at the bank, one that began as a Floating Personal Banker at age 19. “I had just relocated to the area and was…
The past year’s unpredictability has business owners large and small deciding what their next step should be, including whether now is an optimal time to grow or sell their business. While low interest rates make expanding appealing, the idea of selling and starting fresh may also be on owners’ minds – especially those in hard hit…
A stock market crash is simply a sharp downturn in prices that can happen swiftly and often with no notice. They have happened for centuries, and we will continue to experience them. A decline of 30%-40% is not unprecedented and can invoke fear, causing us to act unlike ourselves. We may even inadvertently throw our…
Is the traditional 60/40 portfolio being challenged by a new paradigm? That archetype relates to the historically negative correlation between bonds and equities. This year the two major asset classes have experienced a positive correlation, move in the same direction, causing investors to wonder if this type of environment will last longer. If it does,…
For many young adults, internships provide pivotal experience applying what they learned in the classroom to real life situations and help to launch their careers. At WSFS, dozens of interns each year embrace the opportunity to assist the Bank and its Customers with everything from banking transactions and mortgages, to small business lending and more. “For more than two…
For many small business owners, finding the right location is only half the battle. From lease agreements and rising costs of rent to finding a new location when necessary, sifting through the options can be overwhelming and time consuming – and it takes you away from driving sales and revenue. For small business owners looking for a…
