Xceed Is Now Kinecta
We’re Stronger Together!
It’s official! Xceed member-owners have voted to approve our merger with Kinecta Federal Credit Union, bringing us together as the nation’s 35th largest credit union. This merger represents an excellent cultural fit: two workplace credit unions with longstanding commitments to the communities we serve. Our union provides members with ample benefits, added convenience, and a continued commitment to uphold exceptional, personalized service.
Teresa Freeborn Joins Kinecta as President
Xceed’s President & Chief Executive Teresa Freeborn has assumed a new role as President of Kinecta. She is excited for what awaits in the months ahead: “This merger is a huge win for our members and a tribute to the Board volunteers who had the vision to see the possibilities a strategic merger could present. The economies of scale we achieve open up a whole new world of benefits for members that Xceed simply could not have delivered had we continued to go it alone.”
Immediate and Long-Term Benefits
Xceed members will immediately enjoy better pricing on products and services. This includes reducing 17 of our current fees and eliminating several others! Of course, Xceed’s existing members can also continue to use our Financial Centers, ATMs, checks, debit cards, loan payment processes, and the other services you’ve come to trust.
Looking ahead, members will also enjoy greater convenience, accessibility, and community involvement. Uniting the power of our organizations and teams translates into extended hours in our branches, an increased presence on the West coast, a full-service phone center, and more competitive rates on loan and deposit products. Members should expect more information, including a Kinecta welcome packet, in the next few months.
Kinecta Federal Credit Union has provided banking services in the greater Los Angeles, CA area for more than 80 years. Like Xceed, Kinecta’s story began as a way to support employees, similar to Xceed’s beginnings with Xerox. From the earliest days as the Hughes Aviation Employee Federal Credit Union, founded by legend Howard Hughes, Kinecta’s mission was to be “the preferred and most trusted life-long financial partner in the communities we serve.” Today, they simply call it, Banking Done Different.
Kinecta offers members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Wealth Management and Kinecta Insurance Services. Like Xceed, Kinecta provides a variety of additional member benefits ranging from reduced ticket prices to local attractions to savings with national retailers.
For decades, teams of Kinecta members, employees, and vendors have volunteered their time – and donated their money – to support their local communities. From grassroots efforts to nationally known organizations, Kinecta helps more than 150 nonprofit causes every year…and that number continues to grow.