Xceed financial credit union -
Members of El Segundo, Calif.-based Xceed Financial FCU on Feb. 26 approved the group's proposed merger with Manhattan Beach, Calif.-based Kinecta FCU, CreditUnion Times reported, citing March 1 statements from the credit unions' heads.
The merger received 83% of members' votes, according to the report.
The merger is expected to take effect April 1, resulting in combined assets of $6.2 billion, 32 locations and 280,041 members. Based on S&P Global Market Intelligence data, Xceed Financial had total assets of $944 million as of Dec. 31, 2020, while Kinecta had $5.26 billion in assets as of the end of 2020.
The combined entity, which will operate under the Kinecta brand, will be the eighth-largest credit union in California, according to the report.
Approved by the National Credit Union Administration in the fourth quarter of 2020, the consolidation is the industry's largest so far in 2021, the news outlet wrote.
Kinecta President/CEO Keith Sultemeier will be the combined organization's CEO, while Xceed Financial President/CEO Teresa Freeborn will be president.
The Kinecta board will expand to nine from seven seats, with Xceed board members filling the additional spots.
Xceed Financial Credit Union Online Banking
A growing number of customers are choosing Xceed Financial Credit Union E-banking to complete banking tasks.Right from registering a new account to transferring funds to someone else, E-banking helps make everything possible with a few mouse clicks. Registering an internet banking account is very easy and can be done by visiting the bank website.
Step-1: The Xceed Financial Credit Union Login box is situated in the left side of the main page, below the bank logo.
Xceed Financial Credit Union Online Banking Login Step 1
Step-2: Complete with your Username and Password click on Login in order to access your banking account.
Xceed Financial Credit Union Online Banking Login Step 2
Xceed Financial Credit Union mobile banking enables account holders to take care of their banking needs from their tablets and also smartphones. The application features a easy design and it is accessible using both Android and iOS smartphones . Before using the banking app account holders are required to first enroll their own accounts for online banking by going to the banking web page.
Xceed Financial have been in existence for over 85 years now, and they continue to meet the needs of businesses together with their employees.
It is a member-owned and operated union. It has over 70,000 members.Check your credit with Identity IQ
Xceed Financial is a credit union committed to delivering financial solutions to the member from various backgrounds. As a credit union, our primary focus is to provide services that will benefit our members. We have grown to serve over 70,000 members. Our pursuit of better services pushes us above and beyond to not only provide financial solutions to our members but to enable them to grow in various sectors of their lives.
Our pursuit of better services has pushed us to seek for better methods to serve our members. Online banking is a platform we launched to enable members to access services from the comfort of their homes or work without having to come to the banking halls physically. Here are the guidelines to Log in, get a new password and enrol for an online account.
How to login
For someone who has already registered for an online account here are the guidelines to logging in to your account.
Step 1 – Open your browser on your PC and enter the URL https://www.xfcu.org/
Step 2 – On the top right corner of the homepage, there is a Log in the box.
Step 3 – Enter your username and password in the respective boxes.
Step 4 – Click the LOG IN button to log in.
You may have forgotten your password. Don’t panic we got you sorted.
Here are the steps to get a new password.
Step 1 – On the Log in the box. Click on the Forgot Password button found right below the LOG IN button.
Step 2 – You will be directed to a page where you will have to fill in your phone number and Username. Fill in your details.
Step 3 – Click on the ‘send me a new password’ button right below the Username box.
To retrieve your Username follow the steps below.
Step 1 – On the homepage click on the Forgot Password found below the LOG IN button.
Step 2 – On the next page click on the Forgot Username found on the bottom right corner.
Step 3 – A pop-up will appear asking for your email address. Once entered click on the send button to get your username.
How to enroll
If you have not registered, follow the steps below to enrol for a Xceed Financial Credit Union account.
Step 1 – On the homepage click on the New User found below the New User button found below the LOG IN button.
Step 2 – On the sign-up page, you will be required to fill your details starting from your name, SSN, and so on.
Step 3 – Check the boxes on the bottom to confirm that you would like to enrol for Bill pay and that you have read and accepted the Terms and conditions. Click ‘Complete Sign up’ to submit.
Managing Xceed Financial Credit Union
With a Xceed online account, you will be able to access some services. You will be able to:
- Transfer funds from one account to another.
- Pay your bills
- Pay your loans
- Check your balance
- View previous transactions etc.
Holiday Schedule for 2020 & 2021
These are the federal holidays of which the Federal Reserve Bank is closed.
Xceed Financial Credit Union and other financial institutes are closed on the same holidays.
|New Year's Day||January 1||January 1|
|Martin Luther King Day||January 20||January 18|
|Presidents Day||February 17||February 15|
|Memorial Day||May 25||May 31|
|Independence Day||July 4||July 4|
|Labor Day||September 7||September 6|
|Columbus Day||October 12||October 11|
|Veterans Day||November 11||November 11|
|Thanksgiving Day||November 26||November 25|
|Christmas Day||December 25||December 25|
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Xceed Financial unveils new website, refreshed brand
The all-new xfcu.org features expanded login functions, enhanced product descriptions, and financial education content
EL SEGUNDO, CA (February 20, 2015) — Xceed Financial Credit Union has redesigned its website at xfcu.org to provide members with increased convenience when they bank and robust resources as they plan their finances.
The striking new format includes simplified headings, clear explanations of account types and loan options, comparison charts, and financial education features including articles and videos designed to help members boost their fiscal fitness. Xceed Online account logins are now on each page instead of just the homepage.
“At Xceed Financial, we want to make banking as easy and convenient as possible for our members,” said Teresa Freeborn, President and Chief Executive for Xceed Financial. “Part of our commitment to offering the best banking possible is to continue to evolve and reinvent ourselves as a credit union, which we hope to accomplish with our new website, while still staying true to the exceptional financial services our members expect and love.”
The new website rollout coincided with a brand refresh, which incorporates the Credit Union’s existing logo and tagline, “At work for you,” into a bold new design template featuring fresh fonts, striking graphics, and a vivid new color palate built around the Credit Union’s signature red hue. Members will notice Xceed Financial’s new brand look going forward on all printed and electronic marketing collateral, including emails, social media pages, statement inserts, and in-Financial Center flyers and video posters.
About Xceed Financial Credit Union
Headquartered in El Segundo, Calif., Xceed Financial Credit Union is a federally chartered workplace credit union that focuses on meeting the needs of businesses and their employees throughout the United States. Celebrating 50 years of service, the credit union started in 1964 as Scientific Data Systems Credit Union and later became Xerox Federal Credit Union in 1970. A new name and brand identity were launched in 2008 to reflect the credit union’s expanded field of membership and new business model. A recipient of BauerFinancial’s highest rating for financial institution performance, five stars, Xceed delivers personal banking and financial literacy directly to “select employer groups” (SEGs) and is proud to help nearly 65,000 members realize their dreams. Xceed Financial has over $1.2 billion in assets under management and 13 Financial Centers in five states.
Two locally-based entities, Kinecta Federal Credit Union and Xceed Financial Credit Union, announced on July 16 a tentative agreement to merge following approval by regulatory authorities and Xceed’s members. The deal is expected to be finalized before the end of the first quarter of 2021, according to a press release.
The combined entity will be the nation’s 35th largest credit union with approximately $6 billion in assets, 300,000 members and 33 locations. It will operate under the name Kinecta Federal Credit Union and be the eighth largest in California in terms of assets, according to the release.
Its chief executive officer will be Keith Sultemeier who is currently Kinecta’s president and CEO. Xceed’s President and Chief Executive Teresa Freeborn will continue with the new entity as president.
Kinecta is based in Manhattan Beach and Xceed is based in El Segundo; the combined entity will be headquartered in Manhattan Beach.
“The merger will be great news for members of both credit unions,” Sultemeier wrote in the statement, adding that “Both of us are workplace credit unions with strong ties to our respective employer group partners, and a strong community presence.”
- Hermosa Beach, CA
- Redondo Beach, CA
- Marina Del Rey, CA
- Culver City, CA
- Venice-Mar Vista, CA
- Palos Verdes, CA
- Santa Monica, CA
- Westwood-Century City, CA
- South Gate-Lynwood, CA
- Beverly Hills, CA
MANHATTAN BEACH, CA — The member-owners of Xceed Financial Credit Union, based in El Segundo, have voted to approve a merger with Kinecta Federal Credit Union, based in Manhattan
Beach. The merger is effective April 1, 2021, with the continuing credit union operating as Kinecta.
With the merger, Kinecta will become the 35th largest credit union in the United States, the 8th largest credit union in California in terms of asset size, and the largest credit union operating in the South Bay area of Los Angeles County. Once merged, Kinecta will have approximately $6 billion in assets, nearly 300,000 members and 32 locations. The merger is supported by both credit unions' Boards of Directors and management, and was recently approved by the National Credit Union Association (NCUA).
Find out what's happening in Manhattan Beach with free, real-time updates from Patch.
Kinecta President & CEO Keith Sultemeier welcomed Xceed's members and employees to the Kinecta family, and expressed enthusiasm for the great cultural fit the merger represents: "Figuratively-speaking, our teams have worked shoulder-to-shoulder throughout the due diligence process and the many activities leading up to the vote of Xceed's members," he said. "All of that has validated our earlier judgements that joining forces is going to be great news for the members of both credit unions. I'm humbled by the tremendous confidence in Kinecta that Xceed's members have demonstrated with this vote, and delighted to welcome Xceed's associates on board."
The voting process, which gave Xceed members the option of voting electronically or with paper ballots, was run by an objective third-party vendor that reported that more than 83 percent of votes cast were in support of the merger. The tentative results of the vote were announced at a special meeting of Xceed's members, which took place virtually due to the COVID-19 pandemic, on Friday, Feb. 26, 2021, with the final vote tally confirmed Monday, March 1, 2021.
Find out what's happening in Manhattan Beach with free, real-time updates from Patch.
As part of the merger agreement, Xceed's President & Chief Executive Teresa Freeborn will stay on as President of Kinecta, and the Kinecta Board of Directors will expand from seven to nine members to accommodate two Board members from Xceed. Freeborn was particularly enthusiastic about the benefits the merger offers Xceed's members and employees: "This merger is a huge win for our members and a tribute to the Board volunteers who had the vision to see the
possibilities a strategic merger could present. The economies of scale we achieve open up a
whole new world of benefits for members that Xceed simply could not have delivered had we
continued to go it alone," she said. "This is also great news for our Xceed associates. Most of our
people will be staying on to serve members after the merger, and I'm thrilled they're as
enthusiastic about the merger as our members are."
Presently, Xceed Financial is a full-service, federally chartered workplace credit union with approximately $900 million in assets, 50,000 members nationwide, and ten locations on the East Coast and West Coast. Previously known as Xerox Federal Credit Union, Xceed serves more than 200 employer group partners, including major brands such as Xerox, Realogy, ADT and Wyndham. Xceed was named one of CU Journal's "Best Credit Unions to Work For" for five years (2014-2018).
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