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Skypoint Fcu Closes $7 Million Investment From The U.S. Treasury’s Emergency Capital Investment Program

Jul 14, 2022•about 3 years ago

Amount Raised

$7 Million

GermantownPrivacy And SecurityFinancial ServicesSoftware

Description

SkyPoint Federal Credit Union (SkyPoint), a premier, member-owned financial institution, has recently closed on a $7 million investment as part of the U.S. Treasury’s new Emergency Capital Investment Program (ECIP). This investment increased SkyPoint’s net worth which will allow for growth and expansion of their lending portfolio.

Company Information

Company

SkyPoint Federal Credit Union (SkyPoint)

Location

Germantown, Illinois, United States

About

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. To learn more, visit www.skypointfcu.com.