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| Vol. 17, No. 35 | June 25, 1998 |
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| Vol. 17, No. 35 | June 25, 1998 |
The campus banking partnership means added value when students combine a WSFS ATM card with the University's existing campuswide cashless purchasing program. The partnership's first phase will enable students to make debit purchases as early as the fall semester at participating locations on and off the campus. The second phase- likely to be implemented by the start of the new year-will merge the functions of both cards into one for added convenience and will provide the ability to transfer funds from one account to another.
Under the five-year agreement with WSFS, UD students will have access to a variety of services, including:
In January, the University invited leading banking institutions to submit proposals on adding off-campus functionality to its UD#1 Card-the University's "all-campus" card that functions as a student's I.D. card and gives access to various services and functions on campus, including meals, events, debit accounts, copiers, gated parking lots and many other campus services. WSFS was one of three regional financial institutions that responded.
"We're pleased with this agreement to be able to expand the banking services available to our students," Roselle said. "Our relationship with WSFS marks a valuable enhancement to the services our students already enjoy using the UD#1 Card."
"We are extremely proud to have been selected as the University of Delaware's partner in issuing the UD#1 Card to students," Marvin N. Schoenhals, chairman, president and CEO of WSFS said. "This is a tremendous accomplishment for the Wilmington Savings Fund Society and a significant achievement in our 166-year history. We are anticipating a long and mutually beneficial relationship with the University of Delaware.
"This partnership brings together two of Delaware's oldest institutions to provide a Delaware solution for the expansion of financial services to the University community. We are dedicated to making this a true partnership endeavor that is mutually rewarding and a source of pride to both organizations," Schoenhals said.
As part of the agreement, WSFS will introduce two specially designed products for students, one of which will be an innovative all-electronic transaction account. In addition, WSFS will offer parents of UD students accounts and special banking benefits.
In the future, the bank also plans alternative electronic distribution access, including Internet banking.
"I think this is a great partnership between two outstanding Delaware institutions," Thomas E. Stevenson, executive vice president and chief technology officer at WSFS, said. "The University of Delaware and the Wilmington Savings Fund Society are committed to providing convenient financial services to all members of the University community. We are proud to have been selected for this relationship with the University."
Students who choose to open a WSFS account also may take advantage of a number of other WSFS services, such as student checking, savings accounts, loans and MasterCard accounts.
WSFS representatives will be on the campus this summer as students attend New Student Orientation. Returning students will receive information about the new WSFS agreement in the mail and also will be able to sign up on campus when they return in the fall.
Enrollment at the University includes approximately 15,500 undergraduate and 3,200 graduate students.
WSFS Financial Corp. Is a $1.5 billion financial services company. Its principal subsidiary, WSFS, operates 18 retail-banking offices in New Castle County and Dover, as well as Delaware and Montgomery counties in Pennsylvania. Other operating subsidiaries include WSFS Credit Corp., Community Credit Corp. and 838 Investment Group Inc. For more information, visit the website at <www.wsfsbank.com>
