Mission statement
Our mission is to make banking simple and accessible for our members while strengthening the communities we serve by:
- Providing a wide range of competitive financial services with better rates, lower fees, and higher returns through our member-owned structure.
- Removing barriers and simplifying the banking process with innovative technology and compassionate, people-first service.
- Protecting our members’ assets with the highest financial integrity while reinvesting in our community as the only designated Community Development Financial Institution (CDFI) credit union in Montgomery County.
Who is SkyPoint Federal Credit Union?
SkyPoint makes banking simple and accessible. As a community-based, member-owned credit union in Montgomery County, Maryland, we proudly serve the greater Washington, D.C. metro region. Unlike traditional banks, we return profits to our members through better rates, lower fees, and higher returns on savings and investments. We’re the only designated Community Development Financial Institution (CDFI) credit union in Montgomery County, committed to helping individuals, families, and communities gain access to the financial services they need to prosper. With a diverse and compassionate team, we remove the complexities of banking and empower our members to achieve their financial goals with simple solutions.
SkyPoint Federal Credit Union was formerly known as Montgomery County Employees Federal Credit Union. In April 2019, the credit union changed names to better reflect our growing and diverse membership.
SkyPoint’s history
| 1968 | Established as Montgomery County Employees Federal Credit Union to serve the financial needs of Montgomery County, Maryland government employees. The Credit Union begins with one employee and is located in Montgomery County’s Council Office Building (COB). |
| 1974 | Due to steady growth and the demand for additional financial services, the Credit Union outgrows its space at the COB facility and it moves to 64 Court House Square. |
| 1991 | The Credit Union relocates its Rockville branch to 20 Courthouse Square, where it still remains today. |
| 2008 | A new corporate headquarters and branch opens in Germantown, MD. Assets have surpassed $70 million. |
| 2016 | The Credit Union continues to grow and assets are over $110 million. |
| 2019 | Montgomery County Employees Federal Credit Union becomes SkyPoint Federal Credit Union. |
| Credit Unions | Other Financial Institutions |
|---|---|
| Not-for-profit cooperatives | For-profit enterprises |
| Owned by members | Owned by outside stockholders |
| Profit returned to members | Profit paid to outside stockholders |
| Operated by mostly volunteer boards | Controlled by paid boards |
Board of Directors and Supervisory Committee
SkyPoint is fortunate to have a strong, all-volunteer, Board of Directors and Supervisory Committee with backgrounds in both the public and private sectors. The Board of Directors, elected by the membership, guides the credit union in its direction and decisions. A Director’s term is three years.
Board of Directors
| Melvin Tull | Chairman |
| Richard (Bryan) Hunt | Vice Chairman |
| Chris Gillis | Secretary |
| Joseph N. Sparacino | Treasurer |
| James A. Fenner, Jr. | Security Officer |
| Annette Luyegu | Assistant Security Officer |
| Justina Ferber | Assistant Secretary |
| John Nenghabi | Member |
| Walton Harris | Member |
Supervisory Committee
| Joshua Fischer | Chairman |
| John Nenghabi | |
| Linda Tutuh |
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