Beneficial National Bank USA , a Delaware corporation with its principal place of business in Illinois is a subsidiary of Beneficial Corp., one of the nation's dominant consumer finance companies. Beneficial National Bank USA has more than $3 billion in total receivables and a cardholder base of more than 5 million customers. Regarded as a top bank, Beneficial National Bank USA runs with an asset of $400 million. The subsidiary of the bank produced a 4.5% return on assets in 1996 and produced an average return on assets of 3.82% over the past five years. The Beneficial National Bank USA functions on two levels - it operates as part of the Beneficial family and also operates within its own market as a community-based bank. Established in 1952, Beneficial National Bank USA, a credit-card specialist processes credit card payments and merchant fees. In 1995, the bank became the first member of the Beneficial family to establish a presence on the World Wide Web. After a year, the bank became the first bank in the U.S. to introduce an interactive online loan product, the two-minute consumer loan. Address: One Christina Center, 301 North Walnut Street, Wilmington, Delaware 19801 Phone: (302) 425-2840 |
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