Who we are. What we do. Why you should join.
SkyOne has been serving its members for nearly 70 years, providing 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.
A SkyOne membership benefits you. We understand that having enough money to take care of your family and have a comfortable retirement is a source of stress. We can provide you with free tools such as financial education, and affordable banking services to help you manage their finances and save for the future.
There are many free tools to manage your accounts conveniently, such as free mobile banking apps that can deposit checks and switching their credit cards off and on at a moment’s notice. Plus, you can access a network of thousands of credit unions that share their branches to conduct business on their SkyOne accounts. Plus, your deposits at SkyOne are backed by the federal government for at least $250,000.
Want to know more? Check out our Annual Report on our performance last year.
A Proud Tradition
We started when eight charter members established the CAA Region 6 Federal Credit Union in July 1949 to serve Civil Aeronautics Administration employees and their families located in Western states of the US.
The Credit Union grew rapidly, and by December 31, 1949, boasted 200 members and assets of $19,887.53. From conducting transactions out of a cigar box during breaks and lunch hours, SkyOne Federal Credit Union has grown to become a dynamic financial institution, providing its members with the best financial products and services available.
Over the years, we have experienced many name changes with the addition of new groups and increased territory. When the CAA changed its name to the FAA, so did the credit union. FAA Western Federal Credit Union served FAA employees in 13 Western states.
In April 2000, we changed our name to FAA First Federal Credit Union, which reflected an expansion to serve FAA employees in Alaska and eight Great Lakes states. Later, we changed our charter to serve all employees nationwide who work in the air transportation industry. This includes employees of FAA, TSA, airlines, air cargo companies, and more.
In January, 2010, we officially changed our name to SkyOne Federal Credit Union to better reflect our entire field of membership — the nationwide air transportation industry.
Today, we serve 36,000 members nationwide and have $460 million+ in assets. We’re very proud of serving members over 60 years and stand firm on our commitment to providing products and services that help meet financial needs.
- Our Leadership Team
We believe in volunteers
At SkyOne, we don’t believe in shareholders with private jets. Our leaders are volunteers: people who choose to serve , because they want what’s best for our members. Many of them have had long careers in the air transportation industry. All of them are committed to service, sacrifice, and fiscal responsibility.
Board of Directors
SkyOne’s Board of Directors decides our official policies and procedures, selects the Supervisory Committee, and continually offers counsel on the best ways to increase SkyOne’s growth and improve customer experience.
Appointed annually by the Board, our Supervisory Committee protects our members’ privacy and our organization’s safety. They oversee annual audits and maintain compliance with policies and procedures set forth by the National Credit Union Administration (NCUA) and the Board of Directors.
Volunteer At-large Program
Interested in leadership at SkyOne? Our leadership development program can help prepare you to join our Board or Supervisory Committee.
Gain valuable experience in finance, banking, risk management, information security, and corporate governance.
Training and Development Curriculum
- Introduction to credit unions
- Understanding the duties and responsibilities of:
• Board of Directors
• Supervisory Committee
• Asset Liability Committee (ALCO)
As a participant, you’ll need to complete training classes and attend at least four SkyOne meetings during the 12-month program. We’ll reimburse you for travel expenses for up to six meetings per year.
You may be also asked to represent the credit union at events or functions, or participate in Board appointed committees.