Kinecta Federal Credit Union

Specialties

Kinecta Federal Credit Union is one of the nation’s leading credit unions, with more than $ 3.1 billion in assets and more than 238,000 member-​owners across the country.

We offer a broad array of products and services to meet our members’ goals. From deposit accounts — such as our variety of savings and checking accounts — to credit cards, auto loans, insurance, retirement and other investment products, we have the financial solutions to serve our members. Kinecta checking accounts come with free Online Banking and bill payment, plus unlimited check writing.

Members can choose from our wide range of mortgage loan products, which feature competitive rates, low fees, no prepayment penalties and no negative amortization — all on loans up to $ 3 million.

We provide a full range of retirement, investment (including stocks and bonds), mutual funds and annuity products. In addition, our comprehensive insurance offerings can protect what our members have worked so hard to build

History

Established in 1940.

Kinecta Federal Credit Union was established in 1940 as Hughes Aircraft Employees Federal Credit Union. The idea was born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances.

«I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don’t want anything funny going on.’ And Hughes Credit Union was born.»

— Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937 – 1981

In October 1940 a United States government charter was issued to establish the Credit Union. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 70 years. The Kinecta name and logo represent our commitment to delivering unequaled value to our members-​owners.