Kinecta Federal Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1940 |
| Headquarters | Manhattan 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+ |
| Website | kinecta.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
[edit]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
[edit]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
[edit]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
[edit]- ^ "Hughes Aircraft Employees FCU is now Kinecta". Credit Union Times. July 3, 2001. Retrieved December 4, 2021.
- ^ "Kinecta Newsletter-Q2 2021". Kinecta Federal Credit Union. Archived from the original on 7 May 2021. Retrieved December 4, 2021.
- ^ Kinecta Locations
- ^ depositaccounts.com
External links
[edit]- Kinecta Federal Credit Union — official site
- Credit Union National Association