SkyPoint FCU Announces Launch of Business Banking in Three Phases

After several years of planning, SkyPoint says ‘now is the time’ to answer members’ requests with an official Business Banking program.

GERMANTOWN, Md.--(BUSINESS WIRE)--SkyPoint Federal Credit Union (SkyPoint), a premier, member-owned financial institution, announces the three-phased launch of their official Business Banking service, complete with a full array of products to meet the wide-ranging needs of businesses.

“Our members with businesses have been asking for services specific to operating a business, and we have been discussing the possibilities and mechanics for several years, but with COVID-19 and the economic climate surrounding it, the time just wasn’t right,” said Gregg Zolkiewicz, COO of SkyPoint FCU. “Now, with businesses up and running full-time, eager to grow and improve their bottom line, SkyPoint is ready to support them with a full spectrum of business products.”

SkyPoint Business Banking will launch Business Banking in three phases:

• Phase 1 - to SkyPoint members who own businesses
• Phase 2 - to the remainder of current SkyPoint members
• Phase 3 - to non-members outside of the credit union

Products offered with Business Banking include:

• Business checking/savings accounts
• Business loans, including loans for new/used vehicles
• Installment loans
• Lines of credit (LOC)
• Business credit cards

Business SkyPoint members will have the convenience of using online and mobile banking, so they can manage their business finances anytime, according to their schedules. SkyPoint will also have trained business specialists who can meet with business members in person if that need arises.

“Establishing a program of this magnitude involves every department, and intensive training for all employees,” Zolkiewicz added. “Now, it’s the right time to launch it, and we are excited to offer Business Banking to our members.”

About SkyPoint Federal Credit Union (SkyPoint)

SkyPoint 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. SkyPoint is a Community Development Financial Institution and a designated Juntos Avanzamos credit union. They strive to offer their members a wide array of financial services, supported by the best technology, while providing great value through their member-owned structure. To learn more, visit www.skypointfcu.com.