Skypoint Federal Credit Union

Phone# 301.279.1964
Routing# 255077891

3 Reasons Not to Tap Your Home Equity Right Now

Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The

Biden Cancels $10K in Student Debt. Here’s Who Gets It

After months of rumor and speculation, President Joe Biden announced the details on a broad vision for student loan debt repayment and

Federal Student Loan Payments on Hold Until 2023 — What Comes Next

Nearly 37 million federal student loan borrowers are getting an additional four months of reprieve from payments. The White House cited the current

Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices

Rising prices (i.e., inflation) are everywhere you look — on the news, at the pump and in the grocery store. We notice these changes when we reach for our wallets, but it’s difficult to grasp what an extra dollar here or

4 Things Small Businesses Should Do Now to Prep for a Recession

Speculation about a looming recession is putting pressure on many small-business owners to protect themselves against a downturn, and experts say it’s not too early to start preparing. A June 2022

When Is It OK to Be Selfish With Your Money?

Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you. Yet there may be charitable organizations you want to support, friends or family asking for financial help and things you want to

Don’t Bank on Your Business to Fund Your Retirement

Retirement can loom like a dark cloud for small-business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside for the future. A huge number of entrepreneurs have reported

5 Ways to Feel Richer (Even If You’re Not)

In some ways, feeling “rich” is less about how many zeroes you have in your bank account and more about knowing how to use them to get what you want out of life. For author and certified financial planner Tom Corley, feeling rich comes from

How to Save on School Supplies by Tapping Your Community

It’s that time again: back to school, back to spending so much money on supplies. And this year, families will have to shell out even more than usual because of inflation. Thankfully, you can still save money on supplies

6 Ideas to Take the Stress Out of Back-to-School Shopping

Rising prices and increasing inter-est rates are putting the squeeze on family budgets as the school year ramps up. A recent back-to-school survey shows that parents plan to spend an average of $661 per child for back-to-school shopping this year

4 Bank App Features You Might Be Missing Out On

If you use your bank’s mobile app, you likely have access to an array of features, some of which you may not know about. These features could make saving, earning cash back, budgeting, increasing your financial security and checking your credit

Small Businesses Are Steady Now but Worry About the Future

Small-business owners are faring OK financially right now, but their worries about the future are mounting, according to a new Small-Business Financing Index from NerdWallet. This is the first installment of the NerdWallet SMB Financing Index.

6 Ways to Support Small Businesses Hit With Inflation

Small businesses still adapting to the pandemic and labor shortages face yet another economic hurdle. Inflation is the top concern for 44% of small-business owners, according to a 2022 MetLife and U.S. Chamber of Commerce Small Business Index.

Business Inspiration: Selling Direct-to-Consumer Custom Fashion

When you see one of Ramon Smothers’ custom-made suits, there’s no mistaking it for an off-the-rack design. As the owner of Legacy Lapels, he’s made a business out of making people look good.