Xceed Financial Credit Union was 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 ...

and financial institution that served

Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from St ...

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, Alorica, and more than 300 additional select employer groups (SEGs), organizations, and communities nationwide. It operated Financial Centers and sales offices in five states. As a federally chartered credit union, Xceed Financial Credit Union was governed by the

National Credit Union Administration The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal ...

(NCUA), the federal agency responsible for regulating federal credit unions.

History

Xceed Financial Credit Union started in 1964 as Scientific Data Systems Credit Union and became Xerox Federal Credit Union in 1970. In April, 2008, the credit union changed its name to Xceed Financial Credit Union, and was typically referred to as Xceed or Xceed Financial. It had nearly $1 billion in assets under management and 70,000 members. In April 2021 Xceed merged into

Kinecta Federal Credit Union 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 30 branches in two st ...

Products and services

Xceed Financial offered the following: * Share accounts (checking, savings, money market, certificate, individual retirement accounts,

health savings account A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal in ...

s) * New and used consumer loans (auto, boat, recreational vehicle, motorcycle) * Real estate (fixed- and adjustable-rate mortgages, home equity loan) * Insurance services (personal and home) * Electronic services (

online banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial inst ...

mobile banking Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses ...

electronic bill payment Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor ...

, electronic statements) * Investment, insurance, and financial planning services through

LPL Financial LPL Financial Holdings, Inc. (commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trill ...

* Business banking (share accounts and loans)

Locations

California * El Segundo * Menlo Park * San Jose New Jersey * Parsippany New York * Pittsford (town) * Rochester * Webster (town)Xceed Financial Locations
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References

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External links

Official web site
Credit unions based in California Banks established in 1964