Banks have customers,
Credit Union's have members.

So what's the big difference? Well, technically it means that each of our "members" actually owns a share of the Credit Union. Therefore each member holds voting rights when it comes to matters such as electing Sb1's Board of Directors.

More meaningful perhaps is what our membership structure doesn't include - things like stockholders for instance. Rather than existing with the first priority of providing a profit for stockholders, as is the case with many banks, Credit Unions like Sb1 exist with the sole purpose of providing the most value possible to their membership. In other words, our only stockholders are our members.

That's why the interest we pay out on our Savings Accounts are referred to dividends. We can maintain higher than average rates because we only have to answer to you, our member. Membership in Sb1 is not available to everyone.

Our nationwide membership base presently services the employees, retirees, and family members of our expanding list of Select Employer Groups (SEGs). Once an employee joins the Credit Union, immediate family members are eligible too! Once you are a member of the Sb1 Federal Credit Union, you are a member for life; even if you change employers, move, or retire.

Learn more about how to join Sb1 >>