Kinecta Federal Credit Union Explained

Kinecta Federal Credit Union
Type:Credit union
Area Served:California, New York, New Jersey
Key People:Keith Sultemeier, CEO
Industry:Financial services
Assets:$6.5B (2021)
Num Employees:800+
Location:Manhattan Beach, California, United States
Homepage: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

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

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[3] [4]

California

New Jersey

New York

External links

Notes and References

  1. News: July 3, 2001 . Hughes Aircraft Employees FCU is now Kinecta . Credit Union Times . December 4, 2021.
  2. Web site: Kinecta Newsletter-Q2 2021 . Kinecta Federal Credit Union . December 4, 2021 . https://web.archive.org/web/20210507230043/https://kinecta.org/kinecta-newsletter . 7 May 2021 . dead.
  3. https://www.kinecta.org/locations Kinecta Locations
  4. https://www.depositaccounts.com/banks/kinecta-cu.html#locations depositaccounts.com