The $562 million Sb1 Federal Credit Union has opened a new branch in an old house in a reviving business neighborhood at the Philadelphia Navy Yard.

The 2,600-foot branch occupies a former house on the property and the 31,600-member credit union found creative ways to use its heritage, including hanging on the walls maps and drawings it found in the basement, said the credit union's marketing communications specialist, Syreeta Lockett.

The full-service branch also includes a coffee shop, Wi-Fi and 24-hour ATM. The historic shipyard was the Navy's first and operated on the site until 1995. In 2000, it was taken over by the city of Philadelphia and has been the focus of a commercial and industrial revitalization effort since.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.