Sb1 Federal Credit Union is a Philadelphia credit union that was originally founded in 1977 by the employees of the SmithKline Corporation. Over time we have evolved into a full-service, member-oriented financial institution servicing over one hundred companies across the country and the Philadelphia community.
To provide quality financial services, diverse products, information, and convenience that exceeds your expectations while maintaining financial viability. We are aiming higher every day and providing the best "banking experience" possible.
Whether you're looking for higher rates, fewer fees, or a safer place to keep your money, Sb1 offers you and your family a great option.
You earn more. The average bank savings account earns less than a third of what we pay out. This big difference is possible because of the credit union difference. While other institutions need to cut back on dividends paid out to customers to maintain profit margins for stockholders, Sb1's only stockholders are our members, so the interests are aligned, empowering Sb1 to keep rates as high as possible for you, the member.
You pay less. Another way for banks and other types of financial institutions to maintain or increase their profit margins is to generate more fee income. By charging their customers more in fees, they generate more revenue that can be used to pay outside stockholders a profit. Sb1 doesn't have this problem. Our stockholders are our members, so we're free to keep fees to a minimum. That means you pay fewer fees.
Safe and secure. Sb1 takes extra precautions with your money. We go above and beyond the normal amount of insurance that is provided on all accounts to provide members with Jumbo Share Certificates $99,000 additional coverage (Excess Share Insurance). This secures Sb1's position as one of the safest credit unions in the country for you to save your money.
A full range of accounts to meet your needs. Through the years we have developed a full line of Accounts to meet all your savings, checking and short-term investment needs.