Sb1 Federal Credit Union selects 10 scholarship winners

PHILADELPHIA, PA (May 15, 2014) — Sb1 Federal Credit Union is pleased to announce the 10 winners of their 5th annual college scholarship program. Each winner will receive a $1,000 award.

“We are pleased to offer scholarships to these gifted, hard-working and community focused  students and wish them continued success in their academic careers. We understand that college expenses have risen dramatically in recent years and we are happy to provide this assistance in meeting those costs,” said Sb1 Federal Credit Union Vice President of Marketing Diane Childs Heath. This program is one of the many ways we support education.  These investments are vital to the future of a healthy community and they demonstrate our commitment to the communities in which we serve.”

The winners of Sb1 Credit Union’s 5th annual scholarship program was based on academic excellence, ambition, accomplishments and on essays provided.  Winners and their parents will be acknowledged at a special luncheon.

2014 Sb1 Scholarship Winners are:

Robert M. Elwell, Jr. attending Pennsylvania State University, University Park

John Matthew McGranaghan attending Pennsylvania State University, University Park

Aaron Sisko attending Pennsylvania State University, University Park

Rachel Klein attending Pennsylvania State University, University Park

Ryan Cunnane attending Pennsylvania State University, Berks

Justin Reid attending MIT

Alyssa Schaefer attending the University of Pittsburgh

Matthew John Nielsen attending Boston College

Sean Hayden attending Pennsylvania State University, Harrisburg

David Holmes attending University of Pittsburgh, Honors College.

About Sb1 Federal Credit Union

Governed by a volunteer Board of Directors since 1977, Sb1 is a not-for-profit credit union owned by its members. Profits are returned to the members in the form of better rates, fewer fees and convenient technologies. Sb1 is one of the largest federally insured financial cooperatives in Philadelphia with approximately $600 million in assets and 32,000 members.  Anyone who lives, works, worships or attends school in Philadelphia, south of Lehigh Avenue, can utilize Sb1 products and services. For more information please visit

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