SkyOne Federal Credit Union Offers Special 13-Month Share Certificate


Deal Summary: 13-month Share Certificate, 0.72% APY, $1k minimum deposit, new money, offer valid through June 30, 2021.

Availability: Easy membership requirement

According to SkyOne Federal Credit Union’s (SkyOne) website,

What’s the best way to celebrate 72 years of service?
By offering a 13-month Share Certificate with a higher than market rate of 0.72% APY!

The 13-month Share Certificate can be opened with a $1k minimum deposit and requires new money, which is defined as “funds from external financial institutions only;” there is no stated balance cap. While this limited-time offer “ends on June 30, 2021,” the landing page states it “is subject to change without notice.”

As stated on the Certificates page, the Early Withdrawal Penalty reads as follows,

In the event of a withdrawal before your certificate term matures: certificates with terms from six months to one year are subject to a penalty equal to a loss of 90 days dividends; certificate terms greater than one year are subject to a penalty equal to a loss of 180 days dividends; dividends will be paid prior to imposing the penalty.

Funding and Accessing Maturing Funds

Funding a Share Certificate can be done by ACH, wire transfer, check, or internal transfer. SkyOne is a member of the CO-OP Shared Branch network, facilitating the transfer of funds. Maturing funds will be distributed by check to the address on file or transferred to a SkyOne savings or checking account. Unlimited beneficiaries (equal shares) can be named, with Social Security numbers required for all named beneficiaries.


Headquartered in Hawthorne, California, SkyOne Federal Credit Union’s field of membership (FOM) expanded more than two years ago, making virtually all U.S. citizens/resident aliens eligible for membership.

That being said, it’s not easy finding information about the membership requirements on SkyOne’s website. SkyOne’s Our History page states the FOM was expanded in April 2019 to include “those who live, work, worship, go to school, or conduct business regularly near our Main Office in Hawthorne, CA,” but there’s not much more information readily available. A search for “membership” on the website turned up the following:

Why have membership eligibility requirements changed?

The NCUA has approved SkyOne to add Friends of Madrona Marsh (FOMM) and Surfrider Foundation to our Field of Membership! This means that anyone can now join SkyOne.

How does it work?

As a potential member, you may select the Surfrider Foundation or Friends of Madrona Marsh (FOMM) as your eligibility. We’ll pay the fee for your one-year membership and take care of everything for you.

  • When applying online, select the checkbox indicating that you would like to join the Surfrider Foundation or FOMM.
  • When applying in-person, the branch rep or BDO will adjust your application for you.
  • We will open your account and fund your membership to FOMM or the Surfrider Foundation through Operations Support. You will then receive a letter from us with more information about the details of your membership.

CSR confirmed that the above is accurate and currently in effect.

Other routes to membership include:

  • working for one of more than 40 Select Employer Groups (all related to the aviation industry), or
  • being an immediate family member or roommate of a current SkyOne member.

Joining SkyOne and/or opening a 13-month Share Certificate can be done online or at the Hawthorne, California branch, located on Aviation Blvd. The new El Segundo branch, also located on Aviation Blvd., is scheduled to open this July.

The Membership Application is also available as a download, which can be returned by snail-mail or in-person.

To establish your SkyOne Membership, simply open a
Regular Savings Account with a minimum $5 deposit.

In addition to participating in the CO-OP Shared Branch and ATM networks, SkyOne is a member of the Allpoint and STARsf ATM networks.

SkyOne is part of a nationwide network of credit unions that share their services, so you can manage your account wherever you go. You also have access to over 66,000 surcharge-free ATMs with the CO-OP, Allpoint, and STARsf Networks.

Credit Union Overview

SkyOne Federal Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 13.98% (above average) based on December 31, 2020 data. In the past year, SkyOne has increased its total non-brokered deposits by $50.14 million, an excellent annual growth rate of 11.26%. Please refer to our financial overview of SkyOne Federal Credit Union (NCUA Charter # 6248) for more details.

Established in 1949 as the CAA Region 6 Federal Credit Union, the original FOM included Civil Aeronautics Administration employees in the Western states. At the end of the first year, there were 200 members and assets of $19,887. There have been three name changes, with the SkyOne rebrand occurring in 2010, to “better reflect our field of membership at the time — the nationwide air transportation industry.” SkyOne is currently 83rd largest credit union headquartered in California, with nearly 44,000 members and assets in excess of $603 million.

How the Share Certificate Compares

When compared to the similar length-of-term CDs tracked by that are available nationwide, SkyOne Federal Credit Union’s 13-month Share Certificate APY currently ranks second.

The above information and rates are accurate as of 5/24/2021.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Los Angeles CD rates, 1-year CD rates, nationwide deals

  |     |   Comment #1
Beware. Hard pull. My application apparently passed on the Internet. Then received message to visit the nearest branch (hundreds of miles away) or send photocopy of drivers license. Copied and sent in, being financially trained have had 97% application success generally but this one turned me down without explanation.
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