PHILADELPHIA, PA (April 8, 2013) – Sb1 Federal Credit Union today announced that Tom Swierzy intends to retire as President and Chief Executive Officer in mid-July, following more than 31 years of service to the credit union. The credit union’s Board of Directors has created a search committee to identify Swierzy’s replacement and retained D. Hilton Associates Inc. in October 2012 to assist with the assessment of candidates.
"On behalf of the Board of Directors and the entire credit union, I would like to thank Tom for his focus, determination and leadership in expanding the credit union's business over the past thirty-one years,” said Gloria Wilson, Sb1 Federal Credit Union’s Board Chair. "He's a leader devoted to exceptional service for the member. Even in the midst of economic challenges, he encouraged us to be proactive and find new ways to improve the member experience. He has continuously exceeded expectations as our chief executive.”
Under Swierzy’s leadership the Credit Union has grown to over 31,000 members, $600 million in assets, and offers a full range of financial services including checking, savings, consumer lending, home loans and electronic banking.
“It has been a personal privilege to serve as Sb1 Federal Credit Union’s President and CEO,” notes Swierzy. “I feel extremely fortunate to have spent most of my career working for a remarkable company filled with wonderful people. We have a skilled management group in place to help propel Sb1 to even greater heights, so I will leave with a great deal of confidence in the future of the credit union.”
About Sb1 Federal Credit Union
Sb1 Federal Credit Union was originally founded in 1977 by the employees of the SmithKline Corporation. Through the years, Sb1 has developed a full line of accounts to meet all savings, checking and investment needs. Sb1 has a nationwide membership base and presently serves the employees, retirees, and family members of their expanding list of Select Employer Groups (SEGs). In addition, Sb1 serves anyone who lives, works, worships or attends school in Philadelphia south of Lehigh Avenue. To learn more, visit www.sb1fcu.org.