About SkyOne Federal Credit Union
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SkyOne FCU joins Raisin as the platform’s first credit union, offering standout products to savers nationwide.
For more than 70 years, SkyOne Federal Credit Union has been empowering its members to grow financially, and in life. It started out, as many credit unions do, serving industry professionals, but that was just the beginning of its journey. SkyOne’s is a story of expansion rooted in its commitment to enhancing the member experience.
Serving those who put the skies in reach
The beginnings of SkyOne date back to July 1949. At that time, eight charter members established the CAA Region 6 Federal Credit Union to serve Civil Aeronautics Administration employees and their families located in Western states of the U.S. By year’s end, the institution grew to 200 members. Its growth only continued from there.
From its original base in Hawthorne, CA, the credit union’s footprint expanded to encompass 13 states across the West, then Alaska, then swaths of the Great Lakes region. After rounds of name changes and growth, SkyOne Federal Credit Union now serves more than 50,000 members and has $700 million in assets. And as a federally-chartered credit union, SkyOne’s deposits are insured through the National Credit Union Administration (NCUA), the government agency responsible for deposit insurance for the nation’s credit unions.
A mission steeped in service
Like all credit unions, SkyOne is a not-for-profit financial institution. It bases its decisions on what is in the best interests of its members, which in turn are also its owners. The institution also recognizes the importance of a sound financial education in the pursuit of life’s goals. That’s why as part of its efforts to give back, SkyOne works to instill financial literacy in kids and teens through volunteering and partnering with local causes.
A first for Raisin
Its arrival on the Raisin platform not only makes SkyOne’s savings products available to savers across the country, it also marks the first time a credit union has joined Rasin’s network of partner financial institutions. This is an important turning point, bringing Raisin customers an ever wider selection of financial institutions and savings products to choose from when it comes to how they invest and diversify their cash reserves.
As always, Raisin works hard to make the process of acquiring and maintaining your savings portfolio both simple and seamless. And adding credit union savings products to that portfolio is no different. The Raisin platform streamlines the steps it takes to become a member of SkyOne — and of any other credit union to join Raisin in the future — seamlessly incorporating it into the account funding process.
A suite of products to elevate your savings
What is SkyOne Federal Credit Union offering through the Raisin platform? For more liquid savings, Raisin customers can tap a highly competitive money market deposit account (MMDA), while for fixed-term savings, customers have their choice of certificates ranging from 5 months to 18 months.
Ready to tap into an exceptional rate with SkyOne Federal Credit Union? View their offerings here and select a product that’s right for you.
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*APY means Annual Percentage Yield. APY is accurate as of April 26, 2026. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00.
Raisin is not an FDIC-insured bank, and FDIC deposit insurance only covers the failure of an insured bank.
Raisin is not an NCUA-insured credit union. NCUA deposit insurance only covers the failure of an insured credit union.
Raisin does not hold any customer funds. Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodial Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodial Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered by the applicable bank or credit union through Raisin.com. Each customer also authorizes the Service Bank to move funds among the various banks and credit unions at the customer’s request. First International Bank & Trust (FIBT), Member FDIC, is the Service Bank. Bell Bank and Starion Bank, each Member FDIC, are the Custodial Banks.
†Based on $250,000 in FDIC or NCUA insurance coverage per insurable category of ownership at each partner bank or credit union on the Raisin platform (each a "Product Bank"), when aggregated with all other deposits held by you at such Product Bank and in the same insurable category. Deposits made through Raisin will be eligible to receive deposit insurance from the FDIC or the NCUA (each a "Deposit Insurer") in accordance with and up to the maximum amount permitted by law at each Product Bank. Raisin is not a bank or credit union and does not hold any customer funds. Funds are held at FDIC-insured banks and NCUA-insured credit unions. Deposit insurance covers the failure of an insured bank or credit union. Certain conditions must be satisfied for pass through deposit insurance coverage to apply. Customers may choose to deposit funds with identically registered accounts at different Product Banks on the Raisin platform to be eligible for Deposit Insurer coverage up to $10 million for individual accounts and $20 million for joint accounts when at least 40 Product Banks are utilized. Please be aware, however, that any deposits you have at a Product Bank, whether through the Raisin platform or outside the Raisin platform, that you may hold in the same capacity (such as in an individual capacity or joint capacity) count toward the applicable Deposit Insurer's deposit insurance maximum amount, and any such amounts that you hold in the same capacity at a Product Bank that exceed the maximum insurance coverage by the applicable Deposit Insurer will not be insured. For more information on FDIC deposit insurance, please see here. For more information on the NCUA share insurance fund, please see here. You are solely responsible for monitoring the amount of funds you have on deposit at each a Product Bank, whether through the Raisin platform or outside the Raisin platform, to confirm that the deposits you hold in the same capacity at each Product Bank do not exceed the maximum deposit insurance coverage provided by the applicable Deposit Insurer.