SkyOne Federal Credit Union provides financial tools to help members save for their future, get financing for their homes and cars, and much more. As a not-for-profit organization, we are passionate about helping our members build a strong financial foundation and reach financial freedom. We’ve been going strong since July 1949 when eight charter members established the CAA Region 6 Federal Credit Union to serve Civil Aeronautics Administration employees and their families located in Western states of the US. Over the years, we have experienced many name changes with the addition of new groups and increased territory. Recently, we expanded our membership territory to serve a much broader audience, most notably those who live, work, worship, go to school, or conduct business regularly near our Main Office in Hawthorne, CA. As of August 2019, we serve over 37,000 members nationwide and have $485 million+ in assets. We’re very proud of serving members for 70 years and stand firm on our commitment to providing products and services that help meet financial needs.
Field of Membership Restrictions
SkyOne Federal Credit Union is open to anyone who lives, works, worships, regularly conducts business, or attends school near the main office in Hawthorne, California. Membership also extends to employees and retirees who belong to approved organizations (such as Air France-KLM, Emirates Airlines, or Virgin Atlantic Airways, Ltd.), and family or household members of current credit union members. (Eligibility requirements are posted in the credit union's online application)
See current membership details
New Member ...Easy To Open Accounts
Deposit Accounts advised there was an 18mo cd at 1% (thank you!) so I called to ask questions. Because of the rate, lines were busy, but they called back. I opened cd, savings($5 required), and free checking. Small glitch with cd rate but had it fixed immediately after sending email to member services. Checks came fast and I wanted to open another cd using the app. Called to have the $2000 limit raised. No problem. No membership requirement made it all simple.
No Problems
When I first opened cd's with them they had a "great rate" of 1%. The CDs matured, went into checking, I wrote myself a check. Money back in my bank. The 22 month cd at 5% with option to add or w/d was very good. I opened 3 as funds became available. Per the rules I added a small amount to the first and rate was raised to 5.25%. That rate wasn't as good as others I found, so I took out 50% of my money and left the other 2 at 5%. Never a problem getting money in or out. They don't have a really good rate very often.
Waste Of Time
After a hard inquiry on my credit report with a perfect history and 800+ score, SkyOne wanted a copy of my driver's license, a pay slip, and bank statements over email. I will choose another financial institution that values my time and security.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6248 |
| Year Chartered | 1949 |
| Employees | 103 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 5.77% |
| Annual Interest Income | $53.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1B$938.3MM |
| Loans | Q4 2024vs Q4 2023 | $670.5MM$663.3MM |
| Deposits | Q4 2024vs Q4 2023 | $810.6MM$863.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $42.6MM$40.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $2MM$4.6MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $12.6MM$10.9MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |