Business
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These Three Financial Moves Could Help High Earners Who Are Not Rich Yet
If you earn low to mid six figures but do not yet have enough money saved or invested to be considered rich, you are most likely in the group of earners known as HENRYs, short for High Earner, Not Rich Yet, writes Jasmin Suknanan for CNBC Select. Priya Malani, the co-founder and CEO of Stash…
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Citadel Credit Union Hires Sheri Perkins to Lead Its Retirement & Wealth Management Division
Sheri Perkins has joined Citadel Credit Union’s executive leadership team as the Senior Vice President and Head of Citadel’s Retirement & Wealth Management division and as the Program Manager for CUSO Financial Services, L.P. (CFS). This is a senior leadership role for the company in which Perkins will provide guidance and oversight for the award-winning…
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Firstrust Bank Chairman Richard Green Leveraged Eagles’ Super Bowl Loss into Brand Wins
Super Bowl LVII, a fan disappointment, had a better outcome for the Firstrust Bank brand and chairman Richard Green. Jeff Blumenthal explained in the Philadelphia Business Journal. Green, whose Conshohocken institution is the team’s official bank, noted an organizational uplift after the NFC Championship win. “All of our staff and our customers are much more…
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Citadel Credit Union Earns High Praise from Fortune Magazine
Citadel Credit Union has earned some high praise from Fortune this month. Not only has Citadel been named one of the nation’s 10 best banks and credit unions for February 2023 by Fortune Recommends, the global media organization’s independent arm dedicated to helping readers make smart decisions about the financial and business-related products they use…
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Middletown Resident Wins More Than $256,000
A Bucks County resident has won big after playing a local lottery game and finding themselves the victor of a big prize. A Middletown resident was awarded an online prize worth $256,564.09 after playing on the online game PA Big Winner Spectacular. “PA Big Winner Spectacular is a connect-style internet instant game with one progressive jackpot,”…
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Divorce Lawyers, Financial Advisors Share How They Manage Money in Their Relationships
Divorce lawyers and couples counselors know how often money can lead to a divorce or an end of a relationship, writes Julia Carpenter for The Wall Street Journal. That is why when they return home, they take steps to ensure they have a healthy relationship with both their finances and their partners. One of the…
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C&N’s Stacey Sickler Appointed to the Mortgage Partnership Finance Advisory Council
Stacey A. Sickler, SVP/Director of Mortgage Services, has been appointed as a member of the Mortgage Partnership Finance (MPF) Advisory Council, representing C&N’s membership institution, FHLBank Pittsburgh. The MPF program provides funding through the FHLBank Pittsburgh for conforming mortgage loans, enabling Sickler and her team to offer reasonably priced, 30-year fixed rate mortgages serviced by…
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Pennsylvanians Routinely Fail to Claim Millions in Lottery Prizes
Pennsylvania residents fail to claim an average of $17 million in lottery prize money each year, according to a staff report from the Pittsburgh Post-Gazette. Last year the tally was relatively low, with $8.2 million uncollected in prizes. In 2021, however, Pennsylvanians left $20.5 million on the table. From 2012-2021, the unclaimed annual average was…
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Are You Ready for the Recent Retirement Enhancements from the Secure Act 2.0?
In December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act to avert a shutdown and fund the federal government for fiscal year 2023. Attached to this 4,126-page bill is the Secure Act 2.0, which changes retirement planning as we know it. The Secure Act 2.0 builds on the original Secure Act passed in 2019…
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C&N Wealth Management Names Philip Prough Chief Investment Strategist
C&N Wealth Management has named Philip Prough as its Chief Investment Strategist. With more than 30 years of industry experience, Prough will lead the development and expansion of the C&N Wealth Management team’s customized investment management offering to new and existing markets. C&N Wealth Management Names Philip Prough Chief Investment Strategist “Wealth management has been…
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Ask SCORE: What Does it Take to Succeed in Small Business?
I guess you could say the entrepreneurial spirit is part of my DNA. I practically grew up in Wolfson Grocery Store, a New Jersey supermarket my grandfather started nearly 100 years ago. As a kid, my dad was the owner of the family business and I saw firsthand the importance of investing in sweat equity.…
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Folds of Honor Opens its 2023 Scholarship Application Window
Folds of Honor, an organization that works with families of disabled or fallen veterans and first responders, has opened up this year’s scholarship application window. The organization began with Lt Col Dan Rooney’s flight home from his second tour of duty in Iraq. An F-16 fighter pilot in the Oklahoma Air National Guard, he became…
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Smart Financial Habits of Wealthy People That Wise Investors Emulate
High-net-worth individuals who grew their wealth strategically from a small nest egg often did so by developing smart financial habits that are wise to be emulated by everybody, no matter their starting level of wealth, writes Forbes Finance Council for Forbes. Not Keeping Money Lying Dormant Building true wealth requires not leaving money sitting idle.…
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WSFS CARES Foundation’s $2.4 Million in Donations Last Year Bring Us Closer to ‘a Day When Everyone Will Thrive’
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey, and Pennsylvania in 2022. In addition to the grants, Team WSFS, the WSFS corporate volunteer program, saw associates volunteer more than 17,000 hours in 2022 through community…
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Ask SCORE: How Can I Manage My Cash Flow?
Cash Flow is a measure of the money flowing in and out of your business. It is one of the financial statements required to describe your business along with the balance sheet and income statement. Cash flow problems are one of the top causes of business failure since without cash, you will not be able…
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Wealthy People Are Not Immune to Poor Money Decisions; These Are Some of Most Common Mistakes They Make
While wealthy people generally have a reputation for being good with money, even they are not immune to sometimes making poor decisions regarding their finances, writes Cameron Huddleston for GOBankingRates. “I’ve documented some horrific money blunders some smart, wealthy individuals always seem to repeat,” said Tom Corley, author of Rich Habits and Change Your Habits,…
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Penn Community Bank Recognized for Commitment to Equitable, Inclusive Banking
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, announced that its Access Checking account has once again been certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023–2024). The national safe account standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders,…
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Firstrust Bank Opens Fully Renovated, Collaboration-Supportive HQ in Conshohocken
If the story of the Firstrust Bank headquarters renovation in Conshohocken were a streaming service series, its title might have been The COVID Factor: What a Time to Rebuild a Building. Nonetheless, with equal parts of determination and patience, the work continued to unfold, navigating ever-changing health provisos, supply-chain tangles, labor shortages, and other issues…
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