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LOST MONEY IN MALVERN FEDERAL

IN 1993 I STARTED 3 PASSBOOK SAVINGS ACCOUNTS FOR MY CHILDREN.

RECENTLY I FOUND THE BOOKS WITH THOUSANDS OF DOLLARS IN DEPOSITS. WHEN WE PRENETED THE BOOKS TO WITHDRAW THE MONEY WE WERE INFORMED THE CCOUNTS WERE CLOSED BECAUSE OF INACTIVITY AND THEY HAD NO RECORD OF THE ACCOUNTS.WE WERE NEVER NOTIFIED OF THE CLOSINGS AND NEVER AGREED TO THE CLOSINGS. THE MONEY WAS SUPPOSED TO BE PLACED IN THE PA TREASURY UNCLAIMED PROPERTY BUT WAS NEVER FOUND. IF THEY WERE COMPOUNDING AND ADDING INTEREST TO THE ACCOUNT IT WOULD HAVE REMAINED ACTIVE..

SO MY CHILDREN LEARNED THAT MONEY IS SAFER IN THEIR PILLOW THAN MALVERN FEDERAL WHERE THEY WERE RIPPED OFF WITH NO WARNING OR NOTIFICATION.

Robert A. Ruggiero

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