Raisin and SkyOne Federal Credit Union are pleased to announce the launch of a new partnership that will enable SkyOne to offer its savings products and showcase its admired brand to a nationwide audience of savers, making the California-based institution the first-mover within the U.S. credit union ecosystem to leverage Raisin’s unique deposit-funding fintech solutions.
By entering into this partnership, SkyOne joins the rapidly expanding digital platform Raisin has built in the U.S., which to date has welcomed eight U.S. bank partners. SkyOne is the first credit union to offer its savings products through Raisin’s U.S. platform, which includes Raisin’s proprietary direct-to-consumer online savings marketplace, SaveBetter (SaveBetter.com). Now that Raisin’s curated network encompasses banks and credit unions, savers nationwide benefit from even greater access to the competitive savings products offered by these financial institutions.
The debut product offering from SkyOne features 12- and 18-month Share Certificates at 2.00% APY and 2.30% APY, respectively, and a Money Market Account at 1.25% APY. These products will be accessible through SaveBetter.
SaveBetter’s fast, simple online enrollment process helps to lower the barriers to entry for savers to obtain credit union savings products by streamlining the memberization process.
“SkyOne Federal Credit Union is pleased that through this partnership we can better reach our growth goals as an institution while helping more people across the country achieve their own financial empowerment,” said Joseph Whitaker, President and CEO, SkyOne Federal Credit Union. “As a member-focused financial services provider for more than 70 years, SkyOne is no stranger to innovation. And with this partnership, we are taking another big step forward in how we deliver our products and services and enhance the member experience.”
“We’re so pleased to have SkyOne as the first credit union partner to join our platform,” said Marcel Bock, CEO of Raisin US. “We are pleased to work with such a mission-driven organization and believe that our solution will help
give them a powerful competitive edge in a tightening market for retail deposits.”