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SKYPOINT FEDERAL CREDIT UNION

Mar, 31, 2021 — SKYPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in GERMANTOWN, MD with 3 branch locations and about $188.08 million in total assets. Opened 53 years ago in 1968, SKYPOINT FEDERAL CREDIT UNION has about 13,808 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255077891
Name:SKYPOINT FEDERAL CREDIT UNION
Address:
(Main Office)
19785 CRYSTAL ROCK DR, SUITE 201
GERMANTOWN, MD 20874
Phone:(301) 528-8421
Fax:(301) 528-8253
Website:http://www.skypointfcu.com
Branches:3 branch locations
Members:13,808
Credit Union Type:Federal Credit Union
Charter Number:18917
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$188,076,602
CEO/Manager:James Norris
Chairperson:Melvin Tull

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,685,611
TOTAL INVESTMENTS 19,619,353
Loans Held for Sale 0
 
 Real Estate Loans 71,112,505
 Unsecured Loans 23,493,551
 Other Loans 33,337,423
 TOTAL LOANS 127,943,479
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -866,220
 Land And Building 7,159,950
 Other Fixed Assets 485,212
 NCUSIF Deposit 1,590,656
 All Other Assets 7,458,561
  TOTAL ASSETS 188,076,602
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,204,095
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 45,705,374
 Regular shares 94,980,986
 All Other Shares & Deposits 29,870,118
  TOTAL SHARES & DEPOSITS 170,556,478
  TOTAL LIABILITIES 172,760,573
 Regular Reserve 1,174,881
 Other Reserves -49,851
 Undivided Earnings 14,190,999
  TOTAL EQUITY 15,316,029
  TOTAL LIABILITIES, SHARES, & EQUITY 188,076,602
INCOME & EXPENSE  
 Loan Income 1,478,665
 Investment Income 117,963
 Other Income 319,021
 Total Employee Compensation & Benefits 735,740
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,186,336
 Non-operating Income & (Expense) 333,431
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 100,000
 Cost of Funds 73,950
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 751,252
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