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Skyline Financial Credit Union

Overview
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Skyline Financial Credit Union is a federal credit union based in Waterbury, Connecticut. It has been opened since 1935, for 85 years.

With around $30,040,000 in assets, Skyline Financial Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address 3528 E. Main Street
Waterbury, Connecticut 06705
Website http://www.skylinefinancialfcu.com
Phone (203) 755-2030
Fax (203) 578-3079
CEO Tara Kewalis
President of the Board C. Peter Rietdyke
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
4,740 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members
592:1
Credit union member to staff ratio
592 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$30,036,060
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
Skyline Financial Credit Union Branch Locations

Skyline Financial Credit Union: Main Office
3528 E. Main Street
Waterbury, Connecticut 06705
ATM Available
Members
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4,740 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members

With 4,740 members, the Skyline Financial Credit Union is considered to be a medium size credit union. It is larger than 56% of credit unions.

Fees
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$35
Average fee per member
The average fee per member at the Skyline Financial Credit Union is $35, which is low compared to most credit unions. This rate is lower than 60% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Skyline Financial Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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592:1
Credit union member to staff ratio
592 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
8 staff members
FTE (full-time equivalent)
0% of employees are part-time
8 full-time, 0 part-time

Skyline Financial Credit Union has 8 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Skyline Financial Credit Union has around 592 members per staff, a high ratio compared to other credit unions.

Assets
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$30,036,060
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,930
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 85% of credit unions.

Skyline Financial Credit Union holds a total of $16,980,000 in loans and leases, which is about $5,930 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Skyline Financial Credit Union pays 0.15%.

Loan rates
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.52%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.09%
New car loan rate
Compared to 4.0% nationally
12.28%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.76%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.53%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally