Kinecta Federal Credit Union

Kinecta Federal Credit Union
Company type
Credit union
IndustryFinancial services
Founded1940 (1940)
HeadquartersManhattan Beach, California, United States
Area served
California, New York
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 23 branches in two states: California and New York. 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]

Tiger Federal Credit Union merged into Xerox Federal Credit Union in October 2007. Xerox Federal Credit Union was later renamed Xceed Financial Credit Union in 2008.[3]

Tiger Federal Credit Union was founded in 1961 in Los Angeles to serve employees connected with the aviation legacy of the Flying Tigers, particularly those associated with The Flying Tiger Line cargo airline.[4]

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 CDs and IRAs; mortgage, auto, and equity loans; lines of credit for debt consolidation; and investment planning options.

Locations

Kinecta has 23 branches in two states: California and New York.[5][6]

References

  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. ^ "Xerox FCU, Tiger FCU Announce Merger Plans". Credit Union Times. Retrieved February 27, 2026.
  4. ^ "Xerox FCU, Tiger FCU Announce Merger Plans". Credit Union Times. Retrieved February 27, 2026.
  5. ^ Kinecta Locations
  6. ^ depositaccounts.com

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