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Sb1 is a Philadelphia-based federal credit union dedicated to exceeding its members' needs.
How do I know if I'm eligible to open accounts?
If you live, work, worship or attend school in Philadelphia (south of Lehigh Ave), you're eligible.
View a list of eligible zip codes >>
Employees & retirees of our many Select Employer Groups (SEGs) are also eligible along with their respective family members:
View a list of companies who offer Sb1 >>
You can also open accounts if you're related to an existing member.
Eligible family members include:
- Parents
- Siblings
- Grandparents
- Spouses
- Children
- Grandchildren
- Stepparents
- Stepchildren
- Stepsiblings
Household members are also eligible:
All members of your household (persons living under your roof) can now become Credit Union members as well! That means any person sharing a residence as part of a single-family unit, including domestic employees and others who live together as part of a family unit. An individual may be considered to be living in the same household although he or she is temporarily absent from the residence, such as children in college or the military.
Q: Can I open accounts if a relative is eligible to open accounts as a primary member but has not yet themselves?
Yes. If you are related in one of the ways listed above to someone who has access to open accounts themselves, you are eligible to open Sb1 accounts for yourself (even if your relative hasn't yet).
Once you open an account, you can keep it open for life.
Even if you leave the company or organization (or family) that provided you the chance to join Sb1, your membership remains.
Important information about procedures for opening a new account:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your drivers license or other identifying documents.