Benchmark Federal Credit Union – with branches in West Chester, East Goshen, and Phoenixville and more than 12,000 members – has found its new president and CEO in Daniel Machon Jr., writes Jeff Blumenthal for the Philadelphia Business Journal.

Machon is replacing David LaSala, who recently retired after two decades.

Prior to his new position, Machon was the CEO of Stonebridge Bank for five years until it was sold last fall.

At Benchmark, Machon plans to focus on trimming non-interest expenses and enhancing the yields on investments.

Benchmark started in 1940 as a credit union serving Wyeth/Pfizer employees until it secured a community charter four years ago that allows its membership to expand to anyone who lives, worships, works, or attends school in Chester County.

Read more about Benchmark Federal Credit Union in the Philadelphia Business Journal here.

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