WEST CHESTER, Penn. — Benchmark Federal Credit Union has named a new president and CEO. The $216-million Benchmark FCU has selected Daniel J. Machon, to lead the organization.
Machon most recently served as president and CEO of Stonebridge Bank in West Chester, where he was brought in to oversee its turnaround following the financial crisis and recession. Stonebridge has since been acquired by LINKBANCORP, Inc. Machon has also served as CFO/COO for Colonial American Bank based in Horsham, Penn., as president of Keystone Savings and Loan in Philadelphia, and as CFO at USABancShares.com, Inc. and NOVA Financial Holdings, Inc.
“I admire Benchmark’s personalized approach and respect its strength of membership and legacy of financial stability,” said Machon in a statement. “I look forward to shaping Benchmark’s future and building on the momentum the credit union has gained since attaining its community charter to exclusively serve Chester County.”
‘Careful Listeners’
Machon succeeds David LaSala, who announced his retirement in September, after serving as president and CEO since 1999.
“We don’t measure people by credit scores alone. Instead, we carefully listen to their stories and take into account their individual financial situations,” Machon added. “We recognize that people’s financial needs can fluctuate and must be assessed on a personalized, case-by-case basis when they seek first mortgages, home equity, debt consolidation, continuing education loans and personal lines of credit.”