Kinecta Federal Credit Union is a federally chartered

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

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 30 branches in two states:

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the ...

and

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

. 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 The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. It was previously involved in corporate and special-mission aircraft unti ...

's 1997 acquisition of Hughes Aircraft Company. In April 2021 Kinecta and Xceed Financial Credit Union merged.

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

Source:depositaccounts.com
/ref> California * Brea * El Segundo * Fountain Valley * Gardena * Goleta * Hawthorne * Huntington Beach * Lakewood * Los Angeles * Manhattan Beach * Redondo Beach * Rolling Hills Estates * Santa Monica * Thousand Oaks * Torrance * Tustin * Westchester * Woodland Hills New York * Greece (town) * Henrietta (town) * Webster (town)

References

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External links

Kinecta Federal Credit Union
— official site
Credit Union National Association
Credit unions based in California Banks established in 1940