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).
After years of rock-bottom interest rates, a shift in monetary policy by the Federal Reserve (Fed) to combat stubbornly high inflation has contributed to much higher yields across short-term investment vehicles. This year, with inflation at its highest since the early 1980s, the Fed has increased its policy rate by 150 basis points (1.50%) with more…
With the summer winding down and back to school season beginning, WSFS’ summer interns will soon be transitioning back from the workplace to the classroom. Throughout departments, these interns have had the opportunity to expand their knowledge of their perspective fields by testing it every day in the real world and gaining skills and experience that’s…
Social media is a great way to connect with friends and family, share news, pictures, where you are visiting, you name it. We are quick to tap that button and share what’s going on! While social media can be fun and a great tool for personal and professional use, it needs to be used properly to…
Endowments work hard to ensure their resources last in perpetuity–but forever is a long time, and it’s impossible to predict what might happen. In addition, trustees come and go as term limits dictate, so it’s more important than ever that those with fiduciary responsibility can make smart decisions to help the endowment grow. Nonprofit trustees, whether…
Whether you’ve been in business for quite some time or your endeavor is relatively new, preparing for revenue ebbs and flows is key for long term profitability and growth. For some industries, these cycles are expected and can be accounted for. For many small businesses, however, social and economic uncertainty can have a significant impact, as…
Whether it’s digital fraud, phishing and spoofing, or check and payments fraud, the reality is that many businesses (71%, according to a 2022 AFP Payments Fraud and Control Survey) unfortunately experience fraudulent schemes or attempts that can cost them time and money. The survey also found that the most common scheme (66%) currently impacting businesses…
Much has been discussed about rising mortgage rates impacting the homebuying market after the frenzy we experienced last year. While today’s rates are certainly higher than they were the past couple years, it is important to remember that record-low rates aside, it continues to be a good time for a particular group of people wanting to…
The Associates and Interns within the Operations & Technology division at WSFS Bank are truly a huge part of how WSFS brings its mission to life. They are the backbone of the Bank by making sure all the systems are properly functioning. Although working on different teams, the Technology Interns are taking their classroom experience into…
With interest rates and home prices at their highest levels in years, many potential homebuyers are hitting a double wall of financial strains when trying to find a home they can afford and pay for it. However, there are options for homebuyers that can help lessen the impact, especially on their monthly mortgage payments. Buy Points Buying points,…
Despite the highest inflation rates seen in 40 years, central banks’ efforts to temper inflation by raising interest rates, the ongoing Ukraine conflict, bearish conditions in the public markets, and the lingering supply chain issue created by pandemic uncertainty and response, it is likely that 2022 will see a lot of middle market merger and…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, recently announced it has provided $15,000 in grants to be split among seven local nonprofit organizations as part of the Satell Institute’s recent CEO Conference “Impact 2022: A New Era in CSR.” As Chair of this year’s CEO Conference, Rodger Levenson, Chairman, President and Chief…
Nonprofits are facing new challenges in the current financial environment. Between market volatility, inflationary pressure, the unpredictable behavior of donors and the general financial anxiety of board members who are concerned with keeping the organization on track to meet a year-end budget, there’s a lot to worry about–but there are also opportunities to rely on…
Since the start of the pandemic, our lives have changed in a variety of ways, from increases in telemedicine and working from home to virtually learning. The new normal has become, well, normal. The pandemic has also created a greater awareness around estate planning, from the very young to those who are advanced in years. Every…
As the weather heats up, so does the travel industry. While inflation and other economic factors could make it more difficult to book that dream trip this year, there are ways to vacation on a budget. But as you look for the best deals to avoid your wallet being stretched too thin, it’s vital to beware…
The first half of 2022 certainly presented challenges for small businesses, from rising inflation causing increased costs to high gas prices and lower consumer spending, impacting many industries. Whatever industry your small business operates in, now is a good time to evaluate the first half of the year to create a guide for the next six…
How safe are my passwords? How do I know if my passwords have been leaked? These are questions I get asked a lot. More and more hackers are using leaked passwords to log into websites and apps that you use. They may make purchases, or they may use the information they gather to sell on the dark…
Furniture Importer Takes Advantage of Strong U.S. Dollar in First-of-its-Kind Transaction at WSFS Jeffrey Barsky, President at Barsky Fleming Marketing Inc. (BFM), has been importing furniture since the mid-90s. The company grew over time to import restaurant furniture from various countries including China, Vietnam, Turkey, Italy, Bulgaria, Germany, and more. In dealing with so many…
Internships are a vital part of the beginning of a career and WSFS Bank provides great programs to make sure its interns have the needed resources to grow professionally and personally! Whether working at our banking offices or corporate back-office locations, all 103 of WSFS’ interns are using this summer to gain unique and valuable real-world…
Have you ever lost your smartphone or tablet, or maybe even your laptop? Have any of them ever been stolen? It’s certainly not a good feeling. The number of mobile devices lost or stolen each year is in the millions. Sure, it’s easy enough to get a replacement. Sure, they can be expensive to replace, but have…
Lately, when we hear about interest rates in the news, it is usually about the pace they are rising, how the Federal Reserve is using rate hikes to combat inflation, and how these factors are making everything more expensive. For small business owners, taking the long view is always important but it is even more critical…
Originally chartered as the “Home for the Friendless” in 1867 to assist widows and orphans who were homeless in Harrisburg, Pa., the Homeland Center has evolved through the years to form a licensed not-for-profit continuing care retirement community offering exceptional Personal, Skilled Nursing, Home Health, Home Care, and Hospice services. As the organization celebrates 155 years…
Financial Services remains a field in which women are largely underrepresented, and the disparity becomes more apparent as they climb the ladder. According to McKinsey, women make up 53% of the entry-level banking workforce but less than one-third at the Senior Vice President and C-suite levels. At WSFS, some of the leadership positions within Commercial…
College can be both the most fun and most stressful four years of your life. You find your lifelong friends and create memories that will last a lifetime, but you also need to figure out what you want to do with your life at a young age. This is exactly what college has been like…
For nearly 200 years, WSFS has done more than just serve Customers inside the walls of its banking locations, giving its time, talent and resources to support local nonprofits, organizations, and initiatives that strengthen its communities. As a result of the continued efforts to support the community, which included its Associates volunteering more than 13,000 hours…
There are countless articles about saving, investing, and budgeting for retirement, otherwise known as asset accumulation, because a few general principles apply to many, e.g., live within your means, utilize tax-advantaged accounts, avoid high-interest debt, and automate savings where possible. Unfortunately, not as much is written about asset decumulation, or how you should go about…
Equip /ih-kwip/ (verb): to supply with the necessary items for a particular purpose. When Anthony Nota and Baylen Edwards-Miller met the first week of college, they couldn’t have imagined the journey they’d take to become entrepreneurs and co-owners of IHKWIP, where they “blend fashion and function to create bags with city style and suburban sensibility.” Fast forward…
For the past several months, home prices have been rising at rapid rates, making it difficult for prospective homebuyers to find the right home because of a tight and highly competitive market. At the same time, rental costs have been rising to high levels that make it hard for people to find units they can afford….
The weather is heating up, which for many means the start of vacation season. A recent WSFS survey found that 44% of Greater Philadelphia and Delaware region respondents are not confident they can keep pace with inflation’s impact on goods and services, which could affect many consumers’ ability to book time for rest and relaxation because…
Millennials, those born between 1981 and 1996 (ages 26 to 41), have come of age during a tumultuous time in our history: 9/11, the wars in Iraq and Afghanistan, the Great Financial Crisis, and more recently, civil unrest and COVID-19. Unlike the relative calm of the 1980s and 1990s when many baby boomers entered the…
Working in the information security field, I am often asked a rhetorical question like, “is anything safe from getting hacked?” My answer is yes. But it is important to examine this a little closer to ensure you’re taking the proper precautions to protect yourself and your information. Using Devices and the Internet Safely How useful would a…
Inflation and rising interest rates have been top-of-mind for many consumers in recent months, as the cost of everything from groceries to gasoline, and cars to houses, has increased. A recent WSFS survey found that 44% of Greater Philadelphia and Delaware region respondents are not confident they can keep pace with inflation’s impact on goods and…
In a March 2021 episode of ABC’s “Shark Tank,” Lori Grenier took a chance and made a deal with Katey Evans of The Frozen Farmer – the Bridgeville, Delaware-based creamery that creates frozen dessert from misfit fruits. After a quick rise to popularity following the show’s air date, the woman-owned company was in need of…
For nearly 200 years, WSFS has been committed to serving the communities where its Associates live, work and play. Continuing one of its more recent traditions to help teach younger generations the value of giving back, WSFS Associates, their children and family members formed a group of more than 60 volunteers across the Greater Philadelphia and…
There is no question about it. We are in a different homebuying environment than we were even six months ago. Mortgage interest rates continue to rise and have now exceeded pre-pandemic levels, while home prices have stayed high amid continued competition. In some cases, potential homebuyers have been priced out of the market. However, for those still…
LUCY Outreach traces its early roots to the 1980s, when a group of local priests and nuns began to provide year-round educational and social opportunities for children in Camden, N.J. From those early beginnings, the organization grew and expanded, restructuring in 2008 to further address the challenges facing the Camden community. This restructuring led to a…
Women have spent decades working to move up the ranks of the commercial real estate financial services sector, but they continue to encounter significant barriers. A 2020 CREW study found that women in this field earn, on average, 24.6% less than their male counterparts. Along with that, only 9% of CRE executive positions are held by women. One organization…
Nearly three-quarters of Americans (72%) feel confident they will achieve their financial goals, according to a new WSFS Bank survey. However, two-in-five (39%) said they’re not confident they can keep pace with inflation’s impact on goods and services, and nearly a quarter (24%) say having poor credit prevents them from using financial products and services,…
Longtime WSFS Customer Pep-Up – a full-service petroleum distributor and convenience store operator – wasn’t necessarily looking for new efficiencies when they came across what would become a game changer for the business. Pep-Up COO Bryan Pepper recalled a conversation several years ago when his WSFS relationship manager mentioned Cash Connect’s smart safe solutions. “To be…
Whether it’s a compromised email, ransomware, mail theft, or other criminal attempt, fraudulent schemes continue to trend upward and can cost businesses and consumers alike. Preventing fraud requires vigilance from every employee to protect your company’s finances and information. Here are some tips to help protect your business and yourself. Digital Fraud Scammers don’t discriminate when it comes…
Building financial confidence can go a long way in achieving your goals. Gaining that confidence goes hand-in-hand with having proper access to financial products and services for your needs and feeling comfortable leveraging these resources. A WSFS Bank study found that 80% in the Greater Philadelphia and Delaware region are confident managing their money in general, but…
If you’ve been paying attention to financial news lately, topics such as inflation, rising interest rates and the housing market have been the predominant headlines. While much of the focus on rising interest rates has centered around how potential homebuyers are impacted and why they should act now to avoid paying more for the same home later,…
When you hear and read about inflation, the attention is typically placed on inflation’s impact on the cost for consumer goods, and for good reason. High inflation hits people where it hurts most—their wallets. But small business owners and operators must deal with inflation’s impacts as well, and as it continues to be a major cost…
Warren Buffett, arguably the world’s greatest investor, wrote in his 1993 annual letter to Berkshire Hathaway shareholders, “In the short-term, the stock market is a voting machine, reflecting a voter registration test that requires only money, not intelligence or emotional stability, but in the long run, it is a weighing machine.” It is hard to…
Last year marked significant progress for the cryptocurrency market, with several noteworthy moments from 2021 that made headlines, including: Bitcoin surpasses $1 trillion in market value Coinbase IPOs at a $85.8 billion valuation China banned cryptocurrency El Salvador adopted bitcoin as legal tender Whether or not you own cryptocurrency outright, we believe its popularity and impact…
With the 2021 tax year filing season wrapping up this month, many small business owners and operators are ready to put Uncle Sam in the rearview for a while and focus on running their business as efficiently and profitably as they can. While preparations for the 2022 tax year filing season may seem far off, there…
Nearly two-thirds (66%) of Americans are having trouble saving for a new home or rental due to rising costs for everyday needs, and an equal percentage of renters are struggling to compete for and afford units where they live due to rising rent, according to a new WSFS Mortgage survey. The study, which surveyed 1,530…
Inflation has been front and center in the news this past year. Anyone that has tried to purchase a used car, a home, or even a steak can attest to a marked increase in prices and limited supply, resulting in a great deal of frustration. It has also caused worry and speculation around how much…
March is National Credit Education Month, which serves as a good reminder of the importance of responsibly using credit during your financial journey. It is important, however, to remember that building your credit and living within your means should remain in focus throughout the year and not just the month of March. Whether you’re just getting started…
