ABOUT US

Families Thrive Here

At SkyOne, we exist to help families thrive—delivering simple, modern financial solutions and meaningful support that empower our members to live confidently at every stage of life.

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About SkyOne

A Proud Tradition, A Future for Families

SkyOne was founded in 1949 by eight Civil Aeronautics Administration (CAA) employees who came together to support each other financially. What began as a modest operation—run from a cigar box—grew quickly, ending that first year with over 200 members and nearly $20,000 in assets.

As the CAA became the Federal Aviation Administration (FAA), we evolved right alongside it—changing names, expanding services, and reaching members across 13 Western states. Over time, we welcomed even more aviation professionals into our membership, including those from TSA, air cargo, and airline industries.

In 2010, we officially became SkyOne Federal Credit Union, a name that reflected our national reach and our commitment to helping people navigate life’s financial journey—wherever it takes them.

By 2019, we had opened our charter even further, serving anyone who lives, works, worships, or goes to school near our Southern California headquarters—and beyond.

We’ve proudly grown with our members, and in 2023, we celebrated reaching 60,000 members nationwide. In 2024, we marked 75 years of service and achieved a major milestone: $1 billion in assets.

Today, we’re more than a credit union—we’re a trusted partner for families. With every product, every service, and every relationship, we’re building something better: a future where families thrive.

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Who we are

SkyOne is here for families—because when your family thrives, so do we. We’ve been supporting our members for over 75 years with financial solutions that grow with life. From saving for a rainy day to planning for college or buying your next home, we’re by your side every step of the way. As a member-owned, not-for-profit organization, our purpose is simple: to help families feel financially confident, secure, and supported through all seasons of life.

What we do

We offer financial tools built for real life and real families. Whether you’re raising little ones, navigating teen years, or caring for aging parents, SkyOne gives you the flexibility, support, and services to make smarter financial choices—without the stress.

Board of Directors

SkyOne’s Board of Directors decides our official policies and procedures, selects the Supervisory Committee, and continually offers counsel on the best ways to increase SkyOne’s growth and improve member experience.

Theodore P. Byrne

Chairman

Theodore P. Byrne Ph.D., J.D.

Theodore P. Byrne Ph.D., J.D.

SkyOne Federal Credit Union member since 2004. Dr. Byrne currently serves as the Chairman of SkyOne’s Board of Directors and previously served for 8 years as the Chair of SkyOne’s Supervisory Committee. In his civilian capacity, he is the Director of Labor Litigation for the Federal Aviation Administration (FAA) in Washington, D.C., and formerly worked as an FAA Attorney with the Office of Regional Counsel, Western-Pacific Region. Dr. Byrne is a licensed attorney in the states of California, Washington, and Nevada (inactive) as well as a licensed Certified Public Accountant (CPA). He has earned Bachelor of Arts degrees in Business Administration and Foreign Languages from Seattle University, a Master of Business Administration (M.B.A.) and Juris Doctor (J.D.) from Pepperdine University, a Master of Laws (LL.M.) in Taxation from Loyola Law School, and a Ph.D. in Public Policy and Administration from Walden University. He is a graduate of the Federal Executive Institute’s Leadership for a Democratic Society and Northwestern University Kellogg School’s Executive Development program. Dr. Byrne also recently retired from the United States Army Reserve Judge Advocate General’s Corps as a Lieutenant Colonel. He is an active member of the American Institute of Certified Public Accountants (AICPA), the American Bar Association (ABA), and the American Society for Public Administration (ASPA).
Rick Thompson

Vice Chairman

Rick Thompson

Rick Thompson

SkyOne Federal Credit Union member since 2001. Currently serving as Vice Chairman on SkyOne’s Board of Directors. Served on SkyOne’s Supervisory Committee from 2001 to 2015. Worked for the FAA as an air traffic controller for 28.5 years at the Anchorage Air Enroute Traffic Control Center (ARTCC). Charter Member of the National Air Traffic Controllers’ Association (NATCA); served as the Alaskan Regional Vice President on NATCA’s National Executive Board for 12 years, served on NATCA’s National Finance Committee for three years, and is currently serving as the president of NATCA Members Investment (NMI). Thompson was awarded NATCA’s Dale Wright Award for a distinguished career in service to NATCA and the national airspace system; earned a Bachelor of Science degree in Business Administration from the University of North Dakota, including a Professional Pilots license with an Instrument Rating; completed an 18 month Certified Financial Planning course from Florida State University.

Malachy T. Coghlan

Treasurer

Malachy T. Coghlan

Malachy T. Coghlan

SkyOne Federal Credit Union member since 1983; has served on the Board since 1999 and currently serving as Director; served on the Supervisory Committee from 1997 to 1999; also serves on SkyOne’s Asset/Liability Committee. Retired after 35 years of service at the FAA.  Bachelor of Arts Degree from St. Anselm College, Manchester, NH; Juris Doctorate from California Western School of Law, San Diego, CA; Certified Credit Union Director designation from Credit Union Executives Society; member of Nevada Bar Association, 1981; Served as a Captain in the US Army JAG Corps, Reserve.

Willoughby (Bill) Henshaw

Secretary

Willoughby (Bill) Henshaw

Willoughby (Bill) Henshaw

Mr. Henshaw has been a member of SkyOne Federal Credit Union since 1977.  He has served on the Board of Directors since 2009 and served on the Supervisory Committee from 1999 to 2009.  Mr. Henshaw retired from the FAA after more than 35 years of public service.  He began his FAA career in Research and Development at the Washington, D.C. Headquarters and then transferred to California where he held various management positions in Technical Operations and Air Traffic Control.  These positions included Program Manager for the creation of the Southern California TRACON which handles more airport approach traffic than any other facility in the country.  After retirement, Mr. Henshaw served as a Director for a volleyball tournaments organization.  Mr. Henshaw holds a Bachelor of Science in Electrical Engineering from West Virginia University.

John G. Clancy

Director

John G. Clancy

John G. Clancy

Joined SkyOne Federal Credit Union in 1976 and was elected to serve on SkyOne’s Board of Directors as a volunteer in 1997. Was employed with the FAA for 34 years and retired in 2007 as a Senior Executive, Director of Western Terminal Service Area based in Seattle, Washington.

Since retirement John founded his current company and today is the CEO, employing over 70 nationwide, and has contracts with the DoD (Army, Navy & Air Force), FAA, Mojave Spaceport, Palmdale School District, Kern County and other commercial entities, both as a sub-contractor & prime contractor.

M Wayne Lynch

Director

M. Wayne Lynch

M. Wayne Lynch

SkyOne Federal Credit Union member since 1960. Served on the Board of Director since 1989; has served as Chairman, Vice Chairman, Recording Officer, and now Treasurer.

Employed with FAA from 1959 to 1994; retired, Manager, Human Resources Development Branch, FAA Western Pacific Region; currently employed with Leidos Holdings, Inc., in support of the FAA’s Environment and Safety Program; served four years with the U.S. Air Force.

Director Emeritus

Douglas R. Murphy

Emeritus

Douglas R. Murphy

Douglas R. Murphy

SkyOne Federal Credit Union member since 2003; served on the Board since 2009 and served on Supervisory Committee 2005 to 2009.  Over 44 years FAA service including FAA Regional Administrator in both Southern Region and Northwest Mountain Region; Air Traffic Division Manager, Southwest Region; Director of Air Traffic Programs, FAA Headquarters; Masters and Bachelor Degrees in Aviation Management.  Recipient of 45 National Awards, including U.S. Department of Transportation’s Silver Medal for Meritorious Service, ATCA Outstanding Air Traffic Manager, Congressional Letter of Commendation, Federal Executive Leadership Award, and FAA Distinguished Career Service Award.  Commissioned as a Kentucky Colonel in 2007 by the Governor, Commonwealth of Kentucky.

Supervisory Committee

Appointed annually by the Board, our Supervisory Committee protects our members’ privacy and our organization’s safety. They oversee annual audits and maintain compliance with policies and procedures set forth by the National Credit Union Administration (NCUA) and the Board of Directors.

Grace De La Cruz

Chairperson

Grace De La Cruz

Trina Rios

Committee Member

Trina Rios

Jessica Sandler

Committee Member

Jessica Sandler