Skyline Financial Federal Credit Union Launches IOLTA Accounts for Connecticut Attorneys

10/1/2025

For Immediate Release--Waterbury, CT – Skyline Financial Federal Credit Union today announced the addition of Interest on Lawyers’ Trust Accounts (IOLTA) to its suite of professional banking products, providing Connecticut attorneys with a cost-effective and streamlined way to manage client trust funds.

The new IOLTA Accounts come with no minimum balance requirements and no monthly maintenance fees, making them accessible to law firms of every size, from solo practitioners to established practices. To further simplify recordkeeping, Skyline Financial Federal Credit Union is also offering integrated QuickBooks bookkeeping connections via online banking, allowing attorneys to seamlessly track transactions and maintain compliance.

“Waterbury is home to many great law offices, and I wanted a way to help the attorneys in Connecticut have banking products without fees or balance requirements,” said James Higgins, President and CEO of Skyline Financial Federal Credit Union. “This has opened the door for newly established firms to start at the credit union and get away from the fee-based accounts elsewhere.”

Local attorney Rachel Levline of Levine Litigation shared her experience: “I met James back in 2014 through our BNI group in Danbury. Once he made the move to Skyline as CEO, I knew exactly where I was taking my business and it’s so great to be able to walk into the office, text, or call for assistance with fast and friendly service. Skyline Financial Federal Credit Union has helped bring my firm to the next level of operations and I’m forever grateful, It’s a 10 out of 10 recommendation from me!”

Attorneys interested in opening an IOLTA Account can visit www.skylinefinancialfcu.com, or the local Skyline Financial Federal Credit Union’s Waterbury branch, or call or text (203) 755-2030 for more information.

About Skyline Financial Federal Credit Union

Skyline Financial Federal Credit Union was chartered in 1935 and remains committed to providing outstanding service to our members.  The Credit Union was formed by a group of seven dedicated employees of what was then known as the Southern New England Telephone Company.  The intent of our founders was to promote thrift among its members and to make loans to its members for prudent purposes.  Our name at that time was Waterbury Telephone Employees Federal Credit Union.

Media Contact:

James Higgins, President and CEO
Skyline Financial Federal Credit Union
TEXT or Call: 203-755-2030
Email: james@skylineffcu.com