Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
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 40th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 1,058 employees and 259,356 members. Kinecta Credit Union has a B+ 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

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Kinecta Credit Union had $26.9 million in non-current loans and owned real-estate with $309.45 million in equity and loan loss allowances on hand to cover it. This gives Kinecta Credit Union a Texas Ratio of 8.69% 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 16.80% as of December 31, 2012 to 8.69% as of December 31, 2013, resulting in a positive change of 48.25%.This indicates that the balance sheet and financial strength for Kinecta Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Kinecta Credit Union has increased its total deposits by $67.1 million, resulting in 2.66% 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 above average.

Capitalization

GRADE:
B

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 $3.19 billion in assets with $309.45 million in equity, resulting in a capitalization level of 9.69%, which is above average.

Institution Statistics

Overall
NCUA #4142
Year Chartered1940
Employees1058
Primary Regulator
Assets and Liabilities
Assets$3.19 billion
Loans$2.61 billion
Deposits$2.59 billion
Equity Capital$272.71 million
Loan Loss Allowance$36.74 million
Unbacked Noncurrent Loans$18.64 million
Real Estate Owned$8.26 million
Historic Data - December 2012
Assets$3.17 billion
Equity Capital$248.71 million
Loan Loss Allowance$47.62 million
Unbacked Noncurrent Loans$18.64 million
Real Estate Owned$5.75 million
Profit Margin - Quarterly
Net Interest Margin4.01%
Return on Assets0.77%
Return on Equity8.99%
Interest Income$101.65 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
0.05%--Premiere Checking

Kinecta Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-5 Year CD
1.10%$1k-4 Year CD
0.85%$1k-3 Year CD
0.70%$1k-2 Year CD
0.45%$1k-1 Year to less than 2 Year CD
0.45%$1k-13 Month CD
0.45%$1k-18 Month CD
0.40%$1k-18 Month Bump Up CD
0.30%$1k-180 to 364 Day CD
0.30%$1k-9 Month CD
0.10%$1k-90 to 179 Day CD

Kinecta Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-5 Year IRA (Traditional,Roth)
1.10%$1k-4 Year IRA (Traditional,Roth)
0.85%$1k-3 Year IRA (Traditional,Roth)
0.70%$1k-2 Year IRA (Traditional,Roth)
0.45%$1k-1 Year to less than 2 Year IRA (Traditional,Roth)
0.45%$1k-13 Month IRA (Traditional,Roth)
0.45%$1k-18 Month IRA (Traditional,Roth)
0.40%$1k-18 Month Bump Up IRA (Traditional,Roth)
0.30%$1k-180 to 364 Day IRA (Traditional,Roth)
0.30%$1k-9 Month IRA (Traditional,Roth)
0.10%$1k-90 to 179 Day IRA (Traditional,Roth)
Locations

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