Dec, 31, 2023 — SKYPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in GERMANTOWN, MD with 3 branch locations and about $214.55 million in total assets. Opened 56 years ago in 1968, SKYPOINT FEDERAL CREDIT UNION has about 13,485 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SKYPOINT FEDERAL CREDIT UNION |
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Address: (Main Office) | 19785 CRYSTAL ROCK DR Ste 201 GERMANTOWN, MD 20874 |
Phone: | (301) 528-8421 |
Fax: | (301) 528-8253 |
Website: | https://www.skypointfcu.com |
Branches: | 3 branch locations |
Members: | 13,485 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18917 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $214,548,205 |
CEO/Manager: | Carla Decker |
Chairperson: | Melvin Tull |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,947,276 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,554,330 |
Unsecured Loans | 35,844,742 |
Other Loans | 34,548,702 |
TOTAL LOANS | 162,947,774 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,117,580 |
Land And Building | 6,442,790 |
Other Fixed Assets | 494,405 |
NCUSIF Deposit | 1,707,390 |
All Other Assets | 60,000 |
TOTAL ASSETS | 214,548,205 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 17,000,000 |
Accounts Payable & Other Liabilities | 2,449,124 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
Share Drafts | 44,487,937 |
Regular shares | 90,466,910 |
All Other Shares & Deposits | 34,779,380 |
TOTAL SHARES & DEPOSITS | 169,734,226 |
TOTAL LIABILITIES | 196,183,350 |
Regular Reserve | 0 |
Other Reserves | -2,290,907 |
Undivided Earnings | 20,655,762 |
TOTAL EQUITY | 18,364,855 |
TOTAL LIABILITIES, SHARES, & EQUITY | 214,548,205 |
INCOME & EXPENSE | |
Loan Income | 9,301,340 |
Investment Income | 1,191,407 |
Other Income | 1,810,055 |
Total Employee Compensation & Benefits | 4,414,672 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,856,539 |
Non-operating Income & (Expense) | 130,683 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 940,838 |
Cost of Funds | 1,272,867 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,685,541 |
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