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).
The economy has certainly presented quite a few challenges for consumers in recent years, as prices for everyday items increased substantially and interest rates rose higher than they had been in more than a decade. Thirty-eight percent of regional residents said they are spending more money now compared to last year, while only 28% are…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor…
With interest rates expected to decline over the remainder of 2024, many potential homebuyers who have found themselves sidelined by elevated rates and prices in recent months could be ready to re-enter the market. Lower interest rates can make the dream of homeownership more affordable for consumers, but it is important to have a plan…
Thirty-eight percent of regional residents are spending more money now compared to last year, while only 28% are saving more, according to a Money Trends survey from WSFS Bank. Inflation Cools, But Economic Headwinds Remain Rising costs and inflation remained the top driver of increased spending by far in 2024 (69%), followed by having to…
Cybersecurity Awareness Month is celebrated each October and serves as an important reminder of precautions consumers should take to protect themselves from scams. Consumers reported losses of more than $10 billion as a result of fraud in 2023, according to the Federal Trade Commission (FTC), underscoring the importance of taking steps to protect your information…
They say a picture is worth a thousand words. But could it be worth $1,000? That’s what fraudsters want their unsuspecting victims to believe when they target them with tactics known as a “muse scam.” Here are tips on how these scams work and ways to protect yourself. How it Works Initial Contact: With muse…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor and…
For many professionals, the thought of starting and operating their own small business can bring with it both excitement and anxiety as they navigate the process of structuring, building and funding the business. One of just many options for consideration: franchising. As a franchisee, you’re granted rights to operate the business using the branding, products and…
A sea of smiling faces, filled with anticipation and excitement. Hundreds of local students will kick off the school year in style thanks to the Philadelphia Union’s annual Backpack Carnival, presented by WSFS Bank, in collaboration with CityTeam Chester. The event, held on August 18 at Subaru Park and the WSFS Bank Sportsplex, provided students…
Interest rates have continued to impact many aspects of consumers’ lives in recent years. After record-low rates early in the pandemic gave way to mortgage rates higher than they had been for more than a decade, many homebuyers and sellers have been left on the sidelines. Homeowners who were able to lock in their rate during…
Many consumers and businesses alike have heard the old saying, “the check is in the mail.” And yes, sometimes it’s true the check is in the mail, so you find yourself waiting. But sometimes the check never finds its destination due to an ever increasing trend of mail theft. According to the Association of Finance Professionals’ (AFP) 2024…
As the lazy days of summer fade and the excitement of a new school year approaches, so does the inevitable back-to-school shopping spree. With inflation still impacting our wallets, it’s essential to be mindful of your spending while ensuring your child has everything they need for a successful school year. Fortunately, this annual ritual also presents…
It’s hard to believe the beginning of the school year is already almost here. Starting college or heading back to campus for another year is an exciting time for many young adults, but it also comes with responsibilities as their financial journey truly gets underway. Here are some practical tips to help you manage your finances effectively…
Running a small business requires owners to make many daily decisions, including how to handle payments. Checks have long been a staple in business transactions due to their familiarity and straightforwardness, however, the evolving financial landscape presents alternative payment methods that can be more efficient and secure. Here are tips to streamline and secure your…
In 2023, consumers lost more than $10 billion to fraud, with $1.8 billion attributed to bank transfer or payment fraud, according to the Federal Trade Commission (FTC). Imposter scams were the leading type of fraud, with scammers contacting victims via social media resulting in $1.4 billion in reported losses. These eye-catching numbers highlight the importance…
In 2021, Eddie Reis purchased NaBrasa Brazilian Steakhouse in Horsham, Pennsylvania. It’s there that his partnership with Tomas Zozaya started. Zozaya, who had been working at NaBrasa for over a decade, served as the General Manager of the restaurant before stepping into the role of Director. Together, the two have fine-tuned the Horsham location and,…
Succession planning is a critical aspect of business strategy, yet many business owners often overlook it. It involves creating a plan for someone to either own or run your business after you retire, in the event you become incapacitated or pass away. Here are some tips to help you create an effective succession plan for…
With the first half of 2024 in the rearview mirror already, now is a great time to revisit and fine tune your finances for the remainder of the year. Inflation and elevated interest rates have continued to have an impact on many consumers’ finances this year, but there are steps you can take to help strengthen…
The thought of owning a second home down the shore, in the mountains or at another favorite hideaway can be a goal and dream for many consumers. While rising costs for homes and elevated interest rates have made it more difficult for many aspiring homebuyers to find the right house in their desired location, there…
According to a new research study, ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year and ninety percent of those companies received one successful attack. With new scams popping up regularly, it’s critical that business owners and decision makers take proactive steps to protect themselves and their…
Homeownership is often a key financial goal and moment for many consumers. In recent years, with bidding wars, rising prices and interest rates, however, that goal can often feel like just a dream. The journey toward achieving that dream for Dana F. began more than two years ago, but with the help of WSFS Mortgage,…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the second quarter by the WSFS CARES Foundation board, will support the following organizations: Be Ready Community Development Corp….
If you feel like the first half of 2024 has flown by, you’re probably not alone. As we reach the mid-point of the year, it is always a good idea for any business to perform a checkup so they can pivot as needed to be successful in the future. Business owners – small and large – should…
Seaford, Delaware has a rich history dating back to the late 1800s, thriving on shipbuilding and agriculture. However, with the advent of nylon by the DuPont Corporation in the 1930s, the community underwent a significant transformation, quickly earning the title of “Nylon Capital of the World.” This was thanks to the proximity of the DuPont nylon…
Purchasing a home is one of life’s most important financial decisions. If you’re a first-time homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a…
For the third consecutive year, WSFS has been named a 2024 honoree of the Civic 50 Greater Philadelphia. The annual award is bestowed by the Chamber of Commerce for Greater Philadelphia in partnership with globally recognized nonprofit Points of Light, lead partner the Philadelphia Foundation, and other local partners. The honor speaks to how ingrained…
Vacation season is heating up with the weather. With rising costs still impacting many consumers’ finances it is crucial to put a plan in place before traveling to ensure you stay on budget and have a relaxing vacation. Here are tips to help you plan a vacation that won’t break the bank. Know Your Price…
June is National Homeownership Month, emphasizing the importance of making the dream of homeownership attainable. Many potential homebuyers have been sidelined in recent months, however, due to elevated interest rates and rising home prices. While the Prime Rate has increased borrowing costs for lending products like credit cards, mortgage interest rates are more heavily influenced by…
On June 12, 2024, nearly 1,500 WSFS Associates volunteered at more than 130 community organizations across the region as part of WSFS’ second annual We Stand for Service Day. The Company-wide day of giving back through volunteerism saw approximately 1,500 Associates band together to volunteer more than 5,000 hours and make an impact at organizations…
As the busy summer travel season gets underway, many of us are planning travel abroad. Whether it’s a European getaway, an Asian adventure, or a South American excursion, it is helpful to understand the foreign currency and common payment methods accepted at your destination. From fluctuating exchange rates to unfamiliar payment methods, managing your finances…
The excitement of an upcoming vacation can quickly turn into dread if you’re a victim to vacation scams targeting unsuspecting travelers. With the rise of online booking platforms and social media, scammers have been quick to capitalize on the opportunity to steal travelers’ money and personal information. Here is a guide to help safeguard against…
Purchasing a home is one of life’s most important financial decisions. If you’re a first-time homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a…
It’s no secret that high interest rates and still-stubborn inflation have impacted consumers and businesses alike. The rising costs of raw materials and inventory coupled with increased borrowing costs can have a major impact on the sustainability of small businesses’ cash flow and operations. Here are tips for small businesses to help manage the impact…
Main Line Monograms has been part of the Newtown Square, PA, community for about 10 years, providing personalized gifts for all occasions. But the story of new owners Heather Fusaro and Jordan Raech begins earlier. Heather and Jordan’s mother, Theresa, were friends and neighbors, and Jordan was even the babysitter for Heather’s children. Heather and…
The internet has provided a host of benefits to many consumers’ lives, enabling them to do research, make purchases and much more with just a few clicks. This ease and convenience can be great when used properly, but what about when scammers leverage technology to target their victims? Here are tips to help identify and…
In today’s career and financial landscape, fostering the next generation of talent is paramount. Through a remarkable partnership with Cristo Rey Philadelphia High School’s Professional Work-Study Program, WSFS is actively engaged in empowering future leaders within the finance industry. This unique program offers Cristo Rey students an opportunity to gain hands-on experience and develop essential workplace…
An immigrant and former Division I track and field athlete, Soj Jibowu’s journey has taken him quite a few places. After studying biomedical chemistry, Soj worked in that space for about 16 years before a multi-sport race in Chicago ignited the passion that led to a career change and the launch of Varlo Sports. Varlo…
Reverse mortgages can often be a misunderstood financial option for many consumers. One of the many reasons: since you must be 62 to obtain a reverse mortgage, consumers don’t get as much experience early on in their financial journeys as they would with credit cards or student loans. Driving this point home, a recent WSFS…
Originally founded in 1830 as a general store, Lederach Corner Store Piano Bar brings a unique and quaint experience to its community. After purchasing the building from a prior owner a few years ago, Sara Picard and her team set out to create a memorable experience packed with fine food and music. The Piano Bar…
Graduation season is an exciting time for many families. Whether it is a college, high school or vocational graduation, this occasion often marks the beginning of a new stage in the graduate’s life. As graduates mature into adulthood, their financial responsibilities will only increase. Here are tips to help recent graduates set themselves up for financial…
Corporate Interiors, with locations in Pennsylvania and Delaware, began as a Steelcase furniture dealership – in the business of facilitating the purchase of furniture for corporate environments. However, recognizing the shifting dynamics in the office environment, leadership at Corporate Interiors saw the opportunity to be more than just a furniture dealer. Instead, they aimed to…
The end of one year and the beginning of another become so busy with financial obligations and planning commitments that it becomes challenging to keep your foot on the gas for a critical component to your company’s success – employee development and satisfaction. With the first quarter now at a close, now is an excellent…
Founded in 1982, Kids ‘N Kribs, located in Devon, Pa., has been a leading baby and family lifestyle store serving area families for more than four decades. Kids ‘N Kribs, which celebrates its 42nd anniversary in May, provides quality heirloom nursery furniture, baby apparel, baby gear, décor, specialty toys, books, puzzles, and gifts from all…
Bake’n Bacon began with a dream. Co-owner Justin Coleman’s late brother came to him in a dream, and he remembers smelling bacon. He wrote down “bacon, bacon, bacon,” and soon after Bake’n Bacon was born. What began in 2019 with one food truck has quickly grown to a business with three food trucks –available for…
In the realm of finance, liquidity is paramount. Whether you’re seizing investment opportunities or managing unexpected expenses, having access to cash without disrupting your long-term financial strategy is crucial. Enter Marketable Secured Lines of Credit (MSLOCs)—a strategic solution that leverages your investment portfolio while preserving its integrity. How MSLOCs Work Collateral from Marketable Securities: MSLOCs utilize…
The past few years have certainly thrown quite a few challenges at small businesses, with many reimagining and reinventing their business. While tough economic conditions can certainly impact profits and cash flow, many of the most successful businesses lean-in, embrace change and adapt to market conditions to strengthen their business for the future. Here are…
Saving isn’t easy. Personal finance often remains a blind spot for many youth until they face their first financial obligation, which can oftentimes result in taking on debt. That is why it is important to introduce the basic principles of financial literacy early. Through our partnership with schools across the Greater Philadelphia, New Jersey, and…
Spring homebuying season is heating up, with buyers and sellers looking to make their moves and ultimately land their dream homes. The economic landscape of the past few years has certainly presented challenges for many homebuyers, however, with some being shut out of the market entirely by rising prices and interest rates. In an often-fast-moving…
