Mission statement
Our mission is to help make banking simple for our members and to provide the best possible financial services to meet their needs by:
- Offering competitive services in a professional and friendly environment.
- Promoting thrift and encouraging sound personal asset management.
- Maintaining the financial integrity of the organization and protecting the members’ assets placed in our care.
Who is SkyPoint Federal Credit Union?
SkyPoint Federal Credit Union is one of the premier financial institutions serving Montgomery County, MD; Frederick County, MD; Arlington County, VA; Alexandria and Falls Church, VA and the District of Columbia. We strive to offer our members a wide array of financial services, supported by the best technology, and offering great value through our member-owned structure.
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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