From the Bank
We're a nationwide family of 36,000 air transportation employees and their family members. We've been serving the air transportation industry employees and their family members for more than six decades and we’re still going strong. Want to know more?
Visit us at https://www.skyone.org/about-us.html.
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
Related Posts
11/8 - 5% 22Mo CD At Skyone, Available To All Via Savebetter
11/3 - First 5% APY Direct CD - 22-Mo Term From Skyone FCU Via Savebetter
9/15 - Skyone FCU (Via Savebetter) MM Is 2.75%
6/16 - SkyOne Federal Credit Union Substantially Ups All CD Rates
9/26 - Skyone FCU Offering 18-Month CD At 1.00% APY - Anyone Can Join
5/24 - SkyOne Federal Credit Union Offers Special 13-Month Share Certificate
4/10/20 - Skyone FCU High Yield Savings Drops To 1.50% APY
3/5/20 - SkyOne Departs The 2% Club
10/18/19 - SkyOne Federal Credit Union Adds High-Yield Savings, 2.25% APY
1/10/19 - Financial Relief During The Federal Government Shutdown - Crisis Co-Pilot Relief Program
8/23/18 - Special Certificate (CD) Promotion - Up To 3.00% APY
5/12/06 - 5.90% 27-Month CD at a California CU
Easy Online Open Account
I called on 12/27/22 because I could no longer see the 5.00% apy 22 month promotion cd. I asked if they would honor it. Received a call from Mr. Oscar Villasenor- business development officer, he checked with higher ups and was told that they would honor it. I filled out the application in minutes, with a credit card opened the required minimum $5 savings account and on 12/30/22 I wire transferred (no charge for domestic wires from my Miami, Fl bank) monies, cd was opened that very day, no glitch, no joining anything...basically a super great experience. First statement showed one day's worth of interest yield 5.03% . Great experience, Great Service.
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.
Online Difficulties
Was able to sign up easily. Had no issues using the debit card and online banking system for managing accounts. ACH outbound limit is $2k; not mentioned anywhere until after you sign up.
Rates better than other local options.
Opening and managing a CD however is a joke. Every other CU allows you to open a CD online instantly. Here you must complete an application form and send it off for approval. It also made mention of a hard credit check to open a CD. No amount of nice looking website and middling customer service will make up for a credit hit to open a CD. No longer a member.
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.
Something Smells Fishy. Avoid.
Applied and passed all the online stuff online. Got whacked by an unannounced credit HARD pull for a SAVINGS membership, no credit desired. Then was told I had to come into branch after new accounts dept. apparently accepted me. Except I live in SoCal nowhere near locations.
Don't Bother
This place is awful, there's better credit unions out there, don't waste your time.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6248 |
| Year Chartered | 1949 |
| Employees | 130 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 7.4% |
| Annual Interest Income | $20.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $876.3MM$715.9MM |
| Loans | Q2 2023vs Q2 2022 | $666.7MM$564.9MM |
| Deposits | Q2 2023vs Q2 2022 | $726.6MM$640.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $35.0MM$41.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$8.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $9.7MM$14.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |