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Overview / Commentary
800-806-9465
1500 Spring Garden St
Phila, PA 19130

Sb1 Credit Union is headquartered in Phila and is the 12st largest credit union in the state of Pennsylvania. It is also the 369th largest credit union in the nation. It was established in 1977 and as of March of 2014, it had grown to 78 employees and 32,125 members. Sb1 Credit Union has a B+ health rating.

Field of Membership Restrictions

If you live, work, worship or attend school in Philadelphia (south of Lehigh Ave). - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sb1 Credit Union had $7.23 million in non-current loans and owned real-estate with $63.46 million in equity and loan loss allowances on hand to cover it. This gives Sb1 Credit Union a Texas Ratio of 11.40% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sb1 Credit Union experienced no significant changes from 12.20% as of March 31, 2013 to 11.40% as of March 31, 2014, resulting in a positive change of 6.54%.This indicates that the balance sheet and financial strength for Sb1 Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Sb1 Credit Union has increased its total deposits by $13.05 million, resulting in 2.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sb1 Credit Union has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sb1 Credit Union has $617.4 million in assets with $63.46 million in equity, resulting in a capitalization level of 10.28%, which is above average.

Institution Statistics

Overall
NCUA #22637
Year Chartered1977
Employees78
Primary Regulator
Assets and Liabilities
Assets$617.40 million
Loans$333.11 million
Deposits$514.85 million
Equity Capital$59.56 million
Loan Loss Allowance$3.90 million
Unbacked Noncurrent Loans$6.03 million
Real Estate Owned$1.20 million
Historic Data - March 2013
Assets$602.97 million
Equity Capital$58.37 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$6.03 million
Real Estate Owned$909,000
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.36%
Return on Equity3.7%
Interest Income$4.93 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Sb1 Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Sb1 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Health Savings Account
0.10%--Share Account (Savings) Account
0.10%--Christmas Club Accounts
0.10%--Vacation Club Accounts

Sb1 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Elite Money Market IRA
0.20%$100k-Elite Money Market
0.20%$100k-Elite Money Market Roth IRA
0.20%$100k-Elite Money Market ESA

Sb1 Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Draft (Checking) Account

Sb1 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month Share CD
1.00%$500-24 Month Share CD
1.00%$500-36 Month Share CD
1.00%$500-48 Month Share CD
1.00%$10k-48 Month JUMP Share CD
0.40%$500-12 Month Share CD
0.30%$500-6 Month Share CD
0.20%$500-3 Month Share CD

Sb1 Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month IRA
1.00%$500-24 Month IRA
1.00%$500-36 Month IRA
1.00%$10k-48 Month JUMP IRA
1.00%$500-48 Month IRA
0.40%$500-12 Month IRA
0.30%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations


Sb1 Credit Union Locations
Branch Office709 Swedeland RdKing of Prussia, PA 19406-2711
Branch Office4613 S Broad StPhiladelphia, PA 19112-1202
Branch Office400 Egypt Rd Norriston,Pa 19403Norristown, PA 19403-3406
Branch Office3900 Woodland AvePhila, PA 19104
Branch Office1001 Adams AveNorristown, PA 194032401
Branch Office1201 S Collegeville RdCollegeville, PA 19426-2998
Branch Office3900 Woodland AvePhila, PA 19104
Branch Office2301 Renaissance BlvdKing of Prussia, PA 19406-2772
Branch Office1500 Spring Garden StPhila, PA 19130
Branch Office1250 S Collegeville RdCollegeville, PA 19426-2990