Overview / Commentary
SkyPoint Federal Credit Union is headquartered in Germantown and is the 29th largest credit union in the state of Maryland. It is also the 1,229th largest credit union in the nation. It was established in 1968 and as of June of 2022, it had grown to 36 employees and 13,717 members at 3 locations. SkyPoint Federal Credit Union's CD rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
SkyPoint Federal Credit Union is open to residents, students, worshipers, volunteers, or those who work in Alexandria, Arlington and Fall Church, VA; Frederick or Montgomery counties MD; and DC. Eligibility also extends to all family and household members of current credit union members
See current membership details
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Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18917 |
| Year Chartered | 1968 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 7.32% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $207.0MM$190.1MM |
| Loans | Q2 2022vs Q2 2021 | $145.7MM$133.3MM |
| Deposits | Q2 2022vs Q2 2021 | $180.7MM$172.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $16.7MM$15.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $685.00K$756.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $732.00K$770.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |