SkyOne Federal Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | July 1949 |
| Headquarters | Hawthorne, California , United States |
Area served | United States, worldwide membership |
| Products | Savings accounts, checking accounts, consumer loans, mortgages, credit cards, Certificates of Deposit, IRAs, financial advisory services |
| Website | skyone |
SkyOne Federal Credit Union is a U.S.-based credit union dedicated to serving individuals employed in the aerospace and space industries, along with their families. With its main office located in Hawthorne, California, SkyOne is federally insured by the National Credit Union Administration and functions as an Equal Housing Lender. The institution provides a variety of financial solutions such as savings and checking accounts, consumer loans, mortgages, credit cards, Certificates of Deposit, IRAs, and comprehensive financial advisory services.
History
Established in July 1949 under the name CAA First Federal Credit Union with an initial membership of eight, SkyOne originally catered to employees of the Civil Aeronautics Administration and their families. By 1978, it adopted the name FAA First Federal Credit Union and extended its services to FAA personnel across thirteen Western states.
In January 2010, the organization rebranded itself as SkyOne FCU to reflect a nationwide presence aligned with its air transportation industry members. This rebranding effort aimed to broaden its reach beyond the FAA community. Prior to this, in 2008, SkyOne collaborated with United Insurance Partners to provide members with access to competitive rates on auto, homeowners', and RV insurance through more than fifteen insurance providers.
As of 2024, SkyOne FCU oversees assets totaling $1 billion and supports a membership exceeding 60,000 individuals worldwide.
Membership
Originally restricted to employees within the U.S. air transportation sector and their dependents under National Credit Union Administration regulations, SkyOne’s membership criteria have since expanded. Presently, individuals who maintain good standing with ChexSystems may qualify for membership by affiliating with organizations such as CA PTA, Surfrider Foundation, American Consumer Council, or Friends of Madrona Marsh. Additionally, candidates must be in good standing with SkyOne Federal Credit Union to join.
Services
SkyOne delivers an extensive selection of financial products characteristic of full-service credit unions: these include checking and savings accounts, IRAs, money market accounts, vehicle loans for cars and motorcycles, personal loans, lines of credit, mortgages and real estate financing, home equity loans, certificates of deposit, and credit cards. The credit union also offers digital banking options including online and mobile platforms, insurance products, investment services, financial planning assistance, and electronic bill payment.
Awards and recognition
The credit union has been honored with several prestigious industry awards: the Internet Marketing Association's Marketing Award in 2014; the Marketing Association of Credit Unions' Outstanding Communications Award in 2015; and a Diamond Award from the Credit Union National Association in 2016. Moreover, its headquarters gained public attention by featuring as the exterior of the Miami-Dade Crime Lab in the television series CSI: Miami which aired from 2002 to 2012.