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Exhibit 10.1

Description of Prudential Savings Bank’s Fiscal 2009 Directors’ Compensation
 
          Compensation to directors for their service on the Board of Directors
is paid by Prudential Savings Bank (the “Bank”), the wholly-owned subsidiary of
Prudential Bancorp, Inc. of Pennsylvania (the “Company”). The Company does not
pay separate compensation to its directors for their service on the Company’s
Board of Directors. For fiscal 2009, members of the Bank’s Board of Directors
will receive an annual retainer of $22,680 per annum, plus an additional fee for
special meetings at a rate of $1,890 per meeting. Members of the Audit
Committee, Executive Committee, Compensation Committee and Budget/Finance
Committee will receive fees of $840 per meeting attended. As Chairman of the
Board, Mr. Packer will receive an annual retainer of $74,702 in addition to
standard board and committee meeting fees. As solicitor of the Bank, Mr. Balka
will receive an annual retainer of $48,300. Mr. Balka also will receive the
normal meeting fees for service on the Executive Committee and the normal annual
Board retainer of $22,680.