Kinecta Credit Union

Kinecta Credit Union is headquartered in Manhattan Beach and is the 8^th largest credit union in the state of California. It is also the 35^th largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 1,102 employees and 236,734 members. Kinecta Credit Union has a 2-star health rating.

Kinecta Credit Union Checking Account Rates

Kinecta Credit Union Savings Account Rates

Kinecta Credit Union Money Market Rates

Kinecta Credit Union CD Rates

Kinecta Credit Union IRA Rates

Data for Q4 2011

Institution Statistics KINECTA NCUA # 4142 BankRate Report View Year Chartered 1940 Employees 1102 Primary Regulator Assets and Liabilities Assets $3.12 billion Loans $2.33 billion Deposits $2.49 billion Equity Capital $220.63 million Loan Loss Allowance $60.26 million Unbacked Noncurrent Loans $117.50 million Real Estate Owned $21.98 million Historic Data - December 2010 Assets $3.53 billion Equity Capital $251.40 million Loan Loss Allowance $72.26 million Unbacked Noncurrent Loans $111.80 million Real Estate Owned $23.91 million Profit Margin - Quarterly Net Interest Margin 5.22% Return on Assets -0.98% Return on Equity -13.87% Interest Income $134.71 million Non-Interest Income $49.25 million

Institution Health Overall Score: 2 out of 5 Texas Ratio 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, 2011 Kinecta Credit Union had $139.48 million in non-current loans and owned real-estate with $280.89 million in equity and loan loss allowances on hand to cover it. This gives Kinecta Credit Union a Texas Ratio of 49.66% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Kinecta Credit Union increased slightly from 41.93% as of December 31, 2010 to 49.66% as of December 31, 2011, resulting in a negative change of 18.43%. This indicates that the balance sheet and financial strength for Kinecta Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Kinecta Credit Union has decreased its total deposits by -$213.85 million, resulting in -7.9% 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 poor. Capitalization 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 $3.12 billion in assets with $280.89 million in equity, resulting in a capitalization level of 9.01%, which is average.

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