Kinecta FCU Adds 30-Month CD and Jumbo CD


Deal Summary: 30-month Jumbo Share Certificate, 2.00% APY, $100k minimum; 30-month Share Certificate, 1.50% APY, $1k minimum.

Availability: Easy Membership Requirement

California-based Kinecta Federal Credit Union (Kinecta) has added a promotional 30-month Jumbo Share Certificate (2.00% APY, $100k minimum) and 30-month Share Certificate (1.50% APY, $1k minimum).

2.00*%$100k-Kinecta Federal Credit Union30 Month Promotional Share Certificate
OTHER TIERS: 1.50% Up to $100k
Accounts mentioned in this post. Rates as of September 25, 2017.

According to the fine print on the Promotion Page, both of the 30-month Share Certificates qualify for a VIP Bonus. Kinecta’s Gold Club and Hughes Gold Elite Club offer an additional 0.05% and 0.10% rate increase, respectively, on Share Certificates.

Our VIP members deserve more! There’s no fee, and you don’t need
to sign up for anything. You’re automatically enrolled when you qualify.

As stated on the VIP Membership page, the requirements for the Gold Club reads as follows:

Gold Club - Minimum of $150,000 in combined balances (loans, deposits, & investments) including minimum of $10,000 in deposits & investments.
Either of the following: (A) minimum monthly average direct deposit of $250 to share accounts; OR (B) minimum monthly average of 3 transactions tied to share accounts.

The requirements for the Hughes Gold Elite Club are the same as for the Gold Club, but the Hughes Gold Elite Club also requires 20 or more years of Kinecta membership.

As stated in Kinecta’s Agreement and Disclosures document, the Early Withdrawal Penalty reads as follows:

Any withdrawal of the principal amount held in the account which does not reduce the balance of the account below the minimum qualifying amount will be subject to the following penalties:

A forfeiture of all dividends earned for 180 days or from the date of issuance or renewal
(if less than 180 days) on the amount withdrawn if the minimum term of the certificate is more than one (1) year.

Any withdrawal of the principal amount held in the account which reduces the balance of the account below the minimum quality amount will result in the cancellation of the certificate and the penalties set forth above will be applied to the entire principal amount.

Thanks to DA reader, ChasR, for his Forum post about this Jumbo 30-month CD.


Headquartered in Manhattan Beach in Southern California, Kinecta Federal Credit Union's field of membership is varied and wide, with a qualifying option for almost anyone.

Easy Membership - Joining Consumers Cooperative of Santa Monica (CCSSM) ($10 non-refundable membership fee) qualifies individuals for Kinecta membership. The Credit Union's online application allows you to join CCSSM and Kinecta simultaneously.

Residency - Individuals who live, work, worship, or attend school in select Zip Codes of Anaheim, Lancaster, Rialto, Santa Ana, and the Greater Los Angeles area qualify for membership.

Employment - Any current or retired employee of 480+ Select Employee Groups and their immediate family and household members are eligible for membership.

Association - Members of the El Segundo Sunshine Lions Club, Manhattan Heights Senior Citizens Club, Manhattan Beach Lions Club, Neptunian Woman's Club, Grand View Elementary PTA, and Riviera United Methodist Church are eligible to join.

Relationship - Immediate family (spouse, parent, child, sibling, grandparents, grandchild) or household member of a Kinecta member qualify for membership.

Joining Kinecta and/or opening a Share Certificate can be done online, or in person at any of 36 California branches located in Anaheim, Brea, Carson, Compton (2), El Segundo (3), Fountain Valley, Gardena, Goleta, Hawthorne, Hermosa, Highland Park, Inglewood (3), Lakewood, Lancaster, Los Angeles (2), Malibu, Manhattan Beach, Newport Beach, Rancho Cucamonga, Redondo Beach, San Diego, Santa Monica, Thousand Oaks, Torrance (2), Tustin, Westchester, Westlake Village, Westminster, and Woodland Hills.

Credit Union Overview

Kinecta Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.26% (excellent) based on March 31, 2017 data. In the past year, Kinecta increased its total non-brokered deposits by $185.84 million, an excellent growth rate of 5.49%. Please refer to our financial overview of Kinecta Federal Credit Union (NCUA Charter # 4142) for more details.

Hughes Aircraft Employees Federal Credit Union (HAEMFCU) came into existence in 1940, because of a simple inconvenience: employees of the Hughes Aircraft Company were spending too much of their lunchtime driving downtown to handle their finances. So a credit union was started at the plant. HAEMFCU continued to grow and service its members for 60 years, and in July 2001, the name was changed to Kinecta Federal Credit Union. Today, Kinecta Federal Credit Union is the 40th largest credit union in the nation, with more than $3.9 billion in assets and serving over 290,500 member-owners across the country.

How the Jumbo Share Certificate Compares

When compared to the 206 similar length-of-term CDs tracked by are available nationwide, Kinecta Federal Credit Union’s 30-month Jumbo Share Certificate APY currently ranks second, regardless of minimum deposit. .

The above rates are accurate as of 6/2/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Los Angeles CD rates, San Francisco Bay CD rates, San Diego CD rates, Santa Barbara CD rates, 5-year CD rates, nationwide deals

ChasR   |     |   Comment #1
Back in the fall of 2014, Kinecta did a promotion of a 2% APY 2-year jumbo CD. After a couple of weeks, they lowered the rate to 1.75% APY, then ended the promotion shortly after that. You may have to move quickly on this one as well.
ChasR   |     |   Comment #2
I see I was a bit unfair about the 2014 promotion. It looks like Kinecta actually kept the 2% rate in effect for almost a month. I'd still recommend moving as quickly as possible if you're interested in this deal.
LuvCD   |     |   Comment #4
I quote from an earlier posting on Kinecta: "One may want to look at some historical financials...they lost money in the meltdown and a new President was brought in....but no change at the Board level, i.e. samo, samo!
Att   |     |   Comment #3
Nortwest CU still has the 30 month 2.02% APY and the minimum is $1000 Certificate.
Kinecta FCU Has Competitive 5-Year CD And Jumbo CD
Availability: Easy Membership Requirement

California-based Kinecta Federal Credit Union (Kinecta) is offering a 5-year Share Certificate (2.05% APY, $1k-$100k) and 5-year Jumbo Share Certificate (2.10% APY, $100+k).

The 5-year Share Certificates are also available as IRAs (Traditional and Roth) earning the same APYs, with the same funding requirements.

Kinecta’s Gold Club and Hughes Gold Elite Club offer an additional 0.05% and 0.10% rate increase, respectively, on Share Certificates.

As stated on the VIP Membership page, the requirements for the Gold Club reads as follows:

The requirements for the Hughes Gold Elite Club...

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Kinecta FCU Offers Competitive 15-month Share Certificate Special
Availability: Easy membership

Sometimes, what appears to be a straightforward offering turns into a mini-mystery, and Kinecta Federal Credit Union’s (Kinecta) 15-month Share Certificate (CD) Special (1.25% APY) is one of those instances.

In the Comments section of the recent blog on the Community Bank of Bergen County NJ, one of the many "Anonymous" DA readers posted, "Kinecta FCU offers 15 month 1.25% Certificate."

I checked out Kinecta FCU’s website and easily found the FCU’s 15-month CD Special, which had only one line of fine print:

Sounds simple, right?

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Highly Competitive 2-Year Jumbo CD At Kinecta Federal Credit Union

UPDATE October 14, 2014: Rate has fallen to 1.75% APY.

Kinecta Federal Credit Union (Kinecta FCU) just raised the rate on its 2-Year Jumbo CD to 2.00% APY. This Jumbo CD requires a minimum $100K deposit and is also available as an IRA (Traditional and Roth) at a higher rate of 2.15% APY. According to a very helpful and patient CSR, new money is required for the 2-Year Jumbo CD.

As stated in Kinecta FCU’s Disclosures Document, the Early Withdrawal Penalty is substantial:


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5.40% 12-Month CD at a California CU - Open To All (Kinecta)
Kinecta Federal Credit Union has some competitive yields on its promotional share certificates. The 12-month and 6-month yields are 5.40% APY and 5.30% APY with a minimum deposit of $100,000. The yields for a minimum deposit of $1,000 are 10 basis points lower.

Field of membership includes members of a non-profit society called the Consumers Cooperative Society of Santa Monica. Membership into this society is open to any individual. There's a one-time membership fee of $10. You can also be eligible to join Kinecta via Select Employer Groups and via family....

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Kinecta Federal Credit Union is offering a promotional 15-month share certificate with a yield of 5.55% APY. The minimum deposit is $1K. The early withdrawal penalty is 90 days of interest.

This is a similar CD special that Kinecta was offering in June. I haven't been following this credit union so I'm not sure if it has recently returned or if it has continued since June. According to the CSR, this special should last at least through January.

Field of membership includes members of a non-profit soceity called the Consumers Cooperative Society...

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