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Overview / Commentary
800-854-9846
1440 Rosecrans Ave
Manhattan Beach, CA 90266

Kinecta Credit Union is headquartered in Manhattan Beach and is the 8th largest credit union in the state of California. It is also the 39th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 1,007 employees and 262,959 members. Kinecta Credit Union has a A health rating.

Field of Membership Restrictions

Kinecta membership is open to: Any immediate family or household member of a Kinecta member Any Select Employer Group (SEG) employee and their immediate family and household members Any member of the Consumers Cooperative Society of Santa Monica (CCSSM). Members of Santa Monica Co-op are subject to an Annual Membership Fee of Ten Dollars ($10). - See Details

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Reviews (1)

Thanks!

I must say I have a very pleasant experience with Kinecta Federal Credit Union. Maybe it is because they have been in business since 1940, the ease and customer service they provide is great and consistent! I had to go in twice, one was for a auto loan and the other was credit card services. The representative was very friendly, knowledgeable and most importantly didn't drag the process like other places. The interest rate is industry standard and I will definitely be coming here again!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Kinecta Credit Union had $23.02 million in non-current loans and owned real-estate with $312.03 million in equity and loan loss allowances on hand to cover it. This gives Kinecta Credit Union a Texas Ratio of 7.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Kinecta Credit Union decreased dramatically from 14.05% as of March 31, 2013 to 7.38% as of March 31, 2014, resulting in a positive change of 47.48%.This indicates that the balance sheet and financial strength for Kinecta Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Kinecta Credit Union has increased its total deposits by $91.21 million, resulting in 3.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Kinecta Credit Union has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Kinecta Credit Union has $3.33 billion in assets with $312.03 million in equity, resulting in a capitalization level of 9.38%, which is average.

Institution Statistics

Overall
NCUA #4142
Year Chartered1940
Employees1007
Primary Regulator
Assets and Liabilities
Assets$3.33 billion
Loans$2.67 billion
Deposits$2.72 billion
Equity Capital$277.34 million
Loan Loss Allowance$34.69 million
Unbacked Noncurrent Loans$16.77 million
Real Estate Owned$6.25 million
Historic Data - March 2013
Assets$3.28 billion
Equity Capital$253.40 million
Loan Loss Allowance$49.52 million
Unbacked Noncurrent Loans$16.77 million
Real Estate Owned$7.47 million
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets0.56%
Return on Equity6.76%
Interest Income$30.56 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Kinecta Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Kinecta Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Money Market Savings
0.05%--Regular Share Account
0.05%--Contributory IRA Accounts With Payroll Deduction
0.05%$100-Contributory IRA Accounts Without Payroll Deduction

Kinecta Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%--IRA Money Market

Kinecta Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Checking Plus
0.05%--Money Market Checking

Kinecta Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.10%$100k-5 Year Jumbo CD
2.00%$1k$100k5 Year CD
1.50%$100k-4 Year Jumbo CD
1.40%$1k$100k4 Year CD
1.40%$200-4 Year Youth Club CD
1.20%$100k-3 Year Jumbo CD
1.10%$1k$100k3 Year CD
1.10%$100k-18 Month Jumbo CD
1.10%$200-3 Year Youth Club CD
1.00%$1k$100k18 Month CD
0.85%$100k-18 Month Bump-up Jumbo CD
0.85%$100k-2 Year Jumbo CD
0.75%$1k$100k2 Year CD
0.75%$1k$100k18 Month Bump Up CD
0.75%$200-2 Year Youth Club CD
0.55%$100k-12 Month Jumbo CD
0.45%$1k$100k12 Month CD
0.45%$100k-6 Month Jumbo CD
0.45%$200-12 Month Youth Club CD
0.35%$1k$100k6 Month CD
0.35%$200-6 Month Youth Club CD
0.30%$1k-12 Month Access Plus CD
0.30%$100k-3 Month Jumbo CD
0.20%$1k$100k3 Month CD
0.20%$200-3 Month Youth Club CD

Kinecta Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.25%$100k-5 Year Jumbo IRA
2.15%$1k$100k5 Year IRA
1.65%$100k-4 Year Jumbo IRA
1.55%$1k$100k4 Year IRA
1.35%$100k-3 Year Jumbo IRA
1.25%$1k$100k3 Year IRA
1.25%$100k-18 Month Jumbo IRA
1.15%$1k$100k18 Month IRA
1.00%$100k-18 Month Bump-up Jumbo IRA
1.00%$100k-2 Year Jumbo IRA
0.90%$1k$100k2 Year IRA
0.90%$1k$100k18 Month Bump Up IRA
0.70%$100k-12 Month Jumbo IRA
0.60%$1k$100k12 Month IRA
0.60%$100k-6 Month Jumbo IRA
0.50%$1k$100k6 Month IRA
0.45%$100k-3 Month Jumbo IRA
0.35%$1k$100k3 Month IRA
Locations

Kinecta Credit Union has 36 locations. Click to view all Kinecta Credit Union locations.