Xceed Financial Credit Union
{{short description|Defunct American credit union (1964–2021)}}
{{other uses|Xceed (disambiguation)}}
{{Infobox company
| name = Xceed Financial Credit Union
| logo = Logo-xceed-financial-credit-union.png
| type = Credit union
| area_served =
| key_people = Teresa Freeborn, President and Chief Executive
| industry = Financial services
| products =
| assets = $1B under management USD (2016)
| subsid =
| fate = Merged with Kinecta Federal Credit Union
| successor = Kinecta Federal Credit Union
| defunct = {{End date|2021|04|01}}
| foundation = 1964
| location = El Segundo, California, U.S.
| num_employees = 200+
| website = [https://web.archive.org/web/*/https://www.xfcu.org xfcu.org] (Archived)
}}
Xceed Financial Credit Union was a federally chartered credit union and financial institution that served Xerox, OfficeMax, Seneca Park Zoo, Heal the Bay, Webster Public Library, Alorica, and more than 300 additional select employer groups (SEGs), organizations, and communities nationwide. It operated Financial Centers and sales offices in five states.
As a federally chartered credit union, Xceed Financial Credit Union was governed by the National Credit Union Administration (NCUA), the federal agency responsible for regulating federal credit unions.
History
Xceed Financial Credit Union started in 1964 as Scientific Data Systems Credit Union and became Xerox Federal Credit Union in 1970. In April, 2008, the credit union changed its name to Xceed Financial Credit Union, and was typically referred to as Xceed or Xceed Financial. It had nearly $1 billion in assets under management and 70,000 members.[http://www.xfcu.org/member_tools/press_room/factsheet.aspx Xceed Financial Fact Sheet]{{dead link|date=May 2025|bot=medic}}{{cbignore|bot=medic}}
In April 2021 Xceed merged into Kinecta Federal Credit Union.{{cite web |url=https://kinecta.org/kinecta-newsletter |title=Kinecta Newsletter-Q2 2021 |website=Kinecta Federal Credit Union |access-date=December 4, 2021 |archive-url=https://web.archive.org/web/20210507230043/https://kinecta.org/kinecta-newsletter |archive-date=7 May 2021 |url-status=dead}}
Products and services
Xceed Financial offered the following:
- Share accounts (checking, savings, money market, certificate, individual retirement accounts, health savings accounts)
- New and used consumer loans (auto, boat, recreational vehicle, motorcycle)
- Real estate (fixed- and adjustable-rate mortgages, home equity loan)
- Insurance services (personal and home)
- Electronic services (online banking, mobile banking, electronic bill payment, electronic statements)
- Investment, insurance, and financial planning services through LPL Financial
- Business banking (share accounts and loans)
Locations
California
- El Segundo
- Menlo Park
- San Jose
New Jersey
- Parsippany
New York
- Pittsford (town)
- Rochester
- Webster (town){{usurped|1=[https://web.archive.org/web/20110925075950/http://www.xfcu.org/member_tools/locationfinder.aspx?ShowAllBranch=1 Xceed Financial Locations]}}
References
{{Reflist}}
External links
- {{usurped|1=[https://web.archive.org/web/19981212034225/http://www.xfcu.org/ Official web site]}}