After more than 31 years of service, Tom Swierzy, president/CEO of Sb1 Federal Credit Union will retire in mid-July.

Under Swierzy's leadership, the Philadelphia-based credit union has grown to more than 31,000 members and $600 million in assets and expanded its presence in downtown Philadelphia and launched a new website.

“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,” said Gloria Wilson, SB1 FCU's board chair.

“I feel extremely fortunate to have spent most of my career working for a remarkable company filled with wonderful people,” said Swierzy. “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.”  

Sb1 was originally chartered to serve employees of GlaxoSmithKline, which has moved to the Philadelphia Navy Yard, where the credit union also opened another branch last year.

The credit union's board of directors has created a search committee and retained D. Hilton Associates Inc. to help find Swierzy's successor.