The $566 million Sb1 Federal Credit Union in Philadelphia, Penn. announced it began a program with a local university that allows its employees to take business degree classes at the credit union.

Sb1 said 13 of the employees of the 32,000-member cooperative have begun taking classes toward MBAs at Holy Family University, a northeast Philadelphia school.

"This partnership has already been a wonderful addition to our employee compensation package," states Rob Werner, president/CEO for Sb1, said. "Within three months of starting the program, our employees were busy working toward their MBA right here at work."

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