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Kinecta Federal Credit Union

From Wikipedia, the free encyclopedia
Kinecta Federal Credit Union
Company typeCredit union
IndustryFinancial services
Founded1940 (1940)
HeadquartersManhattan Beach, California, United States
Area served
California, New York, New Jersey
Key people
Keith Sultemeier, CEO
Total assets$6.5B (2021)
Number of employees
800+
Websitekinecta.org

Kinecta Federal Credit Union is a federally chartered credit union based in Manhattan Beach, California. Originally chartered in 1940, Kinecta has 275,000+ Members and assets in excess of $6.5 billion as of 2021. Kinecta has 32 branches in three states: California, New York, and New Jersey. Kinecta offers a diverse array of products and services for businesses and individuals, include checking and savings accounts; auto loans, RV and boat loans, credit cards; mortgage loans; home equity loans, and lines of credit; business accounts, loans, and credit cards.

History

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Kinecta was originally known as the Hughes Aircraft Employees Federal Credit Union (HAEFCU). HAEFCU was formed in 1940 by twelve Hughes Aircraft engineers with total assets of $60. In 2001, HAEFCU changed its name to Kinecta Federal Credit Union after Raytheon Corporation's 1997 acquisition of Hughes Aircraft Company.[1]

In April 2021 Kinecta and Xceed Financial Credit Union merged.[2]

Products and services

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Kinecta provides products and services to individuals and businesses. For Individual Members, there are checking accounts, long or short-term savings options including IRAs or HSAs; mortgage, auto, and equity loans; lines of credit for debt consolidation; and investment planning options.

Locations

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Source:[3][4]

California

  • Brea
  • El Segundo
  • Fountain Valley
  • Gardena
  • Goleta
  • Hawthorne
  • Hermosa Beach
  • Huntington Beach
  • Lakewood
  • Malibu
  • Manhattan Beach
  • Menlo Park
  • Newport Beach
  • Redondo Beach
  • Rolling Hills Estates
  • San Jose
  • Santa Monica
  • Torrance
  • Tustin
  • Westchester
  • Westlake Village
  • Woodland Hills

New Jersey

  • Parsippany

New York

  • Rochester
  • Webster (town)

References

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  1. ^ "Hughes Aircraft Employees FCU is now Kinecta". Credit Union Times. July 3, 2001. Retrieved December 4, 2021.
  2. ^ "Kinecta Newsletter-Q2 2021". Kinecta Federal Credit Union. Archived from the original on 7 May 2021. Retrieved December 4, 2021.
  3. ^ Kinecta Locations
  4. ^ depositaccounts.com
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