Sep, 30, 2025 — KINECTA FEDERAL CREDIT UNION is a federal credit union headquartered in MANHATTAN BEACH, CA with 24 branch locations and about $6.52 billion in total assets. Opened 86 years ago in 1940, KINECTA FEDERAL CREDIT UNION has about 235,136 members and employs 680 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 24 branch locations |
| Members: | 235,136 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,518,274,224 |
| CEO/Manager: | Keith A Sultemeier |
| Chairperson: | Suzanne Curtin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 250,189,379 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 11,840,054 |
| Real Estate Loans | 4,285,336,853 |
| Unsecured Loans | 261,416,966 |
| Other Loans | 813,785,263 |
| TOTAL LOANS | 5,360,539,083 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,600,000 |
| Land And Building | 57,079,097 |
| Other Fixed Assets | 29,003,118 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 46,141,097 |
| All Other Assets | 431,536 |
| TOTAL ASSETS | 6,518,274,224 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 272,000,000 |
| Accounts Payable & Other Liabilities | 54,612,160 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,166,171,830 |
| Regular shares | 1,114,324,855 |
| All Other Shares & Deposits | 3,346,477,892 |
| TOTAL SHARES & DEPOSITS | 5,626,974,578 |
| TOTAL LIABILITIES | 5,957,486,738 |
| Regular Reserve | 0 |
| Other Reserves | 74,407,222 |
| Undivided Earnings | 486,380,264 |
| TOTAL EQUITY | 560,787,486 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,518,274,224 |
| INCOME & EXPENSE | |
| Loan Income | 200,008,432 |
| Investment Income | 17,719,362 |
| Other Income | 20,485,789 |
| Total Employee Compensation & Benefits | 66,857,062 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 56,555,194 |
| Non-operating Income & (Expense) | -35,684 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,541,632 |
| Cost of Funds | 95,471,591 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,371,006 |
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