WSFS first began working with Canine Partners for Life (CPL), a nonprofit organization based in Cochranville, Pa., in 2017. WSFS helped CPL with the renovation and expansion of the Marian S. Ware Program Services Center. Over the years, the WSFS team of Rich Hannum, Vice President, Team Lead, Business Banking, Courtney Jayne, Vice President Portfolio Manager…
Fall is officially here! This is one of my favorite times of the year. The weather is getting cooler, and there are lots of fun fall activities. One of my favorite things about fall is that October is National Cybersecurity Awareness Month. This year will be 19 years since it was first established back in 2004….
As we approach the home stretch of the calendar year, many small businesses are preparing for one of their most crucial times of the year for generating revenue. As they look to 2023, it’s imperative that small business owners and operators maximize their holiday revenues and cash flow potential now for a strong finish to 2022. Here…
In today’s highly competitive recruiting and hiring environment—especially for small and mid-size employers—a retirement plan at work is an indispensable benefit that employees expect. A well-designed plan can help swing a prospective employee’s decision in your favor, and the cost and complexity of company-sponsored retirement plans is decreasing. The IRS provides a start-up tax credit for…
With the summer vacation and Back to School seasons in the rearview, many small businesses are turning their attention to the upcoming holiday season to close out the year on a high note. However, with inflation stubbornly lingering and supply chains still experiencing ups and downs in the wake of the COVID-19 pandemic, the status quo approach…
The cost associated with a college education has continued to grow exponentially in recent decades, leaving millions of borrowers with hefty loans to repay alongside meeting their other financial obligations. The Federal Government recently announced student loan relief that is estimated to impact up to 43 million borrowers. Here are tips for managing your student loans…
Phone scams are nothing new. However, fraudsters and hackers are always looking for new ways to trick you into giving them your money or personal information. These scammers are financially driven to make free money. The Federal Trade Commission provides a great set of tips that can help you avoid falling victim to a phone fraud….
Since its founding in 1995, Guadalupe Family Services (GFS) has operated with the belief that the complex needs of urban family life in North Camden, N.J., must be better served. With this goal in mind, the organization set out on its path to make an impact on the community by offering clinical counseling and direct social…
Recent reports and trends may be signaling an attractive homebuying season this fall across the country, including Realtor.com’s fourth annual Best Time to Buy Report, which found the best time to buy a home in the U.S. is the week of September 25 to October 1, offering buyers more housing inventory due to an increase…
With stock market volatility continuing, many investors are looking for alternative strategies. Limited supply and Americans looking for more space or new locations during the pandemic led to red-hot housing markets, leading many investors to consider real estate. But increasing headlines of tax reform and tax legislation change can make it hard for ordinary Americans to…
Investing in a down market can be a challenge, especially when it comes to your retirement plan. As humans, we often follow two intellectual thought patterns – avoiding losses and following the crowd. Heeding to these actions in your retirement plan could prove to be detrimental to your long-term investment goals. Let’s identify these patterns…
The Philadelphia Union and WSFS Bank recently announced a new multi-year partnership agreement that will make WSFS the official bank partner and community supporter of the Philadelphia Union and Subaru Park. The agreement marks the first major sports partnership for WSFS, the oldest and largest locally headquartered bank and wealth franchise in Delaware and the Greater…
Back to school season is in full swing, but with high inflation and rising interest rates, purchasing the supplies needed to set your student up for success is likely to stretch budgets a bit thinner this year. A recent WSFS survey found that 44% of Greater Philadelphia and Delaware region respondents are not confident they can…
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…
