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KINECTA FEDERAL CREDIT UNION

Jun, 30, 2023 — KINECTA FEDERAL CREDIT UNION is a federal credit union headquartered in MANHATTAN BEACH, CA with 32 branch locations and about $6.47 billion in total assets. Opened 84 years ago in 1940, KINECTA FEDERAL CREDIT UNION has about 267,622 members and employs 858 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322278073
Name:KINECTA FEDERAL CREDIT UNION
Address:
(Main Office)
1440 Rosecrans Ave
MANHATTAN BEACH, CA 90266
Phone:(310) 643-2045
Fax:(310) 727-8220
Website:https://www.kinecta.org
Branches:32 branch locations
Members:267,622
Credit Union Type:Federal Credit Union
Charter Number:4142
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1940
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$6,472,085,345
CEO/Manager:Keith A Sultemeier
Chairperson:Jeffry Y Yonemura

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 363,892,152
TOTAL INVESTMENTS 0
Loans Held for Sale 28,305,130
 
 Real Estate Loans 3,622,962,418
 Unsecured Loans 390,868,114
 Other Loans 1,291,851,022
 TOTAL LOANS 5,305,681,554
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,600,000
 Land And Building 68,005,875
 Other Fixed Assets 44,619,979
 NCUSIF Deposit 54,533,469
 All Other Assets 329,958
  TOTAL ASSETS 6,472,085,345
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 84,671,343
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,372,484,564
 Regular shares 1,776,524,047
 All Other Shares & Deposits 2,724,954,821
  TOTAL SHARES & DEPOSITS 5,873,963,432
  TOTAL LIABILITIES 5,958,634,775
 Regular Reserve 0
 Other Reserves 56,987,944
 Undivided Earnings 456,462,626
  TOTAL EQUITY 513,450,570
  TOTAL LIABILITIES, SHARES, & EQUITY 6,472,085,345
INCOME & EXPENSE  
 Loan Income 137,584,954
 Investment Income 18,591,080
 Other Income 16,016,384
 Total Employee Compensation & Benefits 77,411,654
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 61,296,803
 Non-operating Income & (Expense) 563,097
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 488,397
 Cost of Funds 22,857,982
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,156,571
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