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).

1.80%$100k-Kinecta Federal Credit Union5 Year Jumbo CD
1.80%$100k-Kinecta Federal Credit Union5 Year Jumbo IRA (Traditional, Roth)
1.75%$1k$100kKinecta Federal Credit Union5 Year IRA (Traditional, Roth)
1.75%$1k$100kKinecta Federal Credit Union5 Year CD
Accounts mentioned in this post. Rates as of October 24, 2016.

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.

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180 days) on the amount withdrawn if the minimum term of the certificate is more than one (1) year.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.


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 - Any person who lives, works, worships, or attends 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 35 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, San Diego, Santa Monica, Thousand Oaks, Torrance (2), Tustin, Westchester, Westlake Village, Westminster, and Woodland Hills.

Credit Union Overview

Kinecta Federal Credit Union (NCUA Certificate # 4142) has an overall health grade of "A" at, with a Texas ratio of 3.87% (excellent) based on March 31, 2016 data. In the past year, Kinecta increased its total deposits by $288.7 million, an excellent growth rate of 9.33%. Please refer to our financial overview of Kinecta Federal Credit Union 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 one of the 40th largest credit union in the nation, with more than $3.9 billion in assets and serving over 286,000 member-owners across the country.

How the Share Certificates Compare

When compared to the 118 similar length-of-term CDs tracked by are available nationwide, Kinecta Federal Credit Union’s 5-year Share Certificate and Jumbo Share Certificate APYs are competitive (in the top ten), particularly with the additional rate increases.

The above rates are accurate as of 6/24/2016.

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

Anonymous   |     |   Comment #1
Look at the leadership and financial history...e.g. during the recent financial "crunch," the CU lost money and the/n "old" CEO is no longer there.  Yet, the Board has had relative little turn over, i.e. someone with oversight may have be a little sleep at the wheel!  Thus, what will happen during the next downturn with a substantially the same Board?  And CU experience of the current CEO?
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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5.55% 15-Month CD at a California CU - Open To All (Kinecta)
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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5.55% 15-Month CD at a California CU (open to all)
Kinecta Federal Credit Union is offering a 5.55% APY 15-month share certificate. The minimum deposit is $1K.

Kinecta FCU appears to be another credit union in which anyone can join by just becoming a member of a non-profit society called the Consumers Cooperative Society of Santa Monica. Membership into this society requires a $10 fee.

Another nice thing about Kinecta is that it seems to have a comprehensive online banking system which even allows opening a CD online. However, becoming a member still requires printing and mailing the application.

Last February I posted...

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