Germantown-based SkyPoint Federal Credit Union announced the three-phased launch of its official business banking service. ... lines of credit and business credit cards.

For instance, in the last quarter of 2022, the national average rate for a “classic” credit card was 11.96% at credit unions and 13.34% at banks, ... SkyPoint Federal Credit Union, ...

Such transfers occur in minutes using a debit card. “SkyPoint Pay avoids the vulnerability of funds or personal data and the fraudulent issues that can occur when transferring money,” said ...

In the 12 years under Norris' leadership, SkyPoint's net worth nearly quadrupled from $7 million to $27 million. SkyPoint earned $1.5 million in 2022, a 58% decrease compared with a year earlier, ...