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{{short description|Defunct American credit union (1964–2021)}}
{{other uses|Xceed (disambiguation)}}
{{other uses|Xceed (disambiguation)}}


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| assets = $1B under management [[United States dollar|USD]] (2016)
| assets = $1B under management [[United States dollar|USD]] (2016)
| subsid =
| subsid =
| homepage = [https://www.xfcu.org/]
| fate = Merged with [[Kinecta Federal Credit Union]]
| successor = [[Kinecta Federal Credit Union]]
| defunct = {{End date|2021|04|01}}
| foundation = 1964
| foundation = 1964
| location = [[El Segundo, California|El Segundo]], [[California]], [[United States|U.S.]]
| location = [[El Segundo, California|El Segundo]], [[California]], [[United States|U.S.]]
| employees = 200+
| num_employees = 200+
| website = [https://web.archive.org/web/*/https://www.xfcu.org xfcu.org] (Archived)
}}
}}


'''Xceed Financial Credit Union''' is a federally chartered [[credit union]] and financial institution serving [[Xerox]], Realogy, Wyndham Worldwide, TE Connectivity, [[Heal the Bay]], and many other business partners, organizations and communities nationwide. It operates Financial Centers and sales offices in seven states.
'''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.
Member savings at Xceed Financial Credit Union are backed by the [[full faith and credit]] of the United States government, up to $250,000 per account, through the [[National Credit Union Share Insurance Fund]] (NCUSIF). This level of insurance protection is permanently established under the [[Dodd-Frank Wall Street Reform and Consumer Protection Act]], signed into law July 21, 2010.<ref>[http://www.ncua.gov/dataapps/pages/si-ncua.aspx NCUA Share Insurance Fund Information, Reports, and Statements]</ref>

⚫
As a federally chartered credit union, Xceed Financial Credit Union is governed by the [[National Credit Union Administration]] (NCUA), the federal agency responsible for regulating federal credit unions.


==History==
==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 is typically referred to as Xceed or Xceed Financial. It has nearly $1 billion in assets under management and 60,000 members.<ref>[http://www.xfcu.org/member_tools/press_room/factsheet.aspx Xceed Financial Fact Sheet]</ref>
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.<ref>[http://www.xfcu.org/member_tools/press_room/factsheet.aspx Xceed Financial Fact Sheet]</ref>

==Mergers and Acquisitions==
* POSTMARK Credit Union (August 2016)
* Reach Federal Credit Union (March 2016)
* Tiger Federal Credit Union (Dec 2007)
* Rochester Federal Credit Union (Jul 2008)
* Safeway Los Angeles Employees Federal Credit Union (Jan 2013)

⚫
==Products and Services==
⚫
Xceed Financial offers the following:
* Share Accounts (Checking, Savings, Money Market, Certificate, IRA, [[Health Savings Account|HSA]])
* New and Used Consumer Loans (Auto, Boat, RV, Motorcycle)
* Real Estate (Fixed- and Adjustable-rate Mortgage, Home Equity Loan)
⚫
* Insurance Services (Personal and Home)
⚫
* Electronic Services ([[Online banking]], [[Mobile banking]], [[Electronic bill payment]], eStatements)
⚫
*Investment, Insurance, and Financial Planning Services through [[LPL Financial]]
⚫
*Business Banking (Share accounts and loans)

==Awards and Recognitions==

In 2017, Teresa Freeborn, president and CEO of Xceed Financial, was awarded with the [https://www.xfcu.org/media/1601/xceed-financial-credit-union-ceo-teresa-freeborn-receives-california-cre_.pdf Leo H. Shapiro Lifetime Achievement Award], the highest honor bestowed by the [[California and Nevada Credit Union Leagues]]. Freeborn was recognized for her more than 40 years of service, including serving as president and CEO of the credit union since 2006, and for being a strong advocate of the credit union industry.

Credit Union Journal named Xceed Financial one of the “Best Credit Unions to Work For” in [https://www.xfcu.org/media/1135/xceed-financial-named-a-best-credit-union-to-work-for.pdf 2014], 2015, [https://www.xfcu.org/media/1356/xceed-financial-named-a-best-credit-union-to-work-for-for-the-third-year-in-a-row.pdf 2016] and [https://www.xfcu.org/media/1615/201711-best-cu-to-work-for_web.pdf 2017]. It also has a five-star, superior rating from BauerFinancial.

==Philanthropy==


In April 2021 Xceed merged into [[Kinecta Federal Credit Union]].<ref>{{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}}</ref>
Guided by the credit union philosophy of “people helping people,” Xceed is committed to making positive contributions to the communities in which it serves. The credit union helped raise more than $25,000 through fundraising and sponsorships for its partner organizations in 2017, as well as donated more than 10,000 clothing and food items, and toys. Partners include:


⚫
==Products and services==
*[http://www.heart.org/HEARTORG/Affiliate/Rochester-Region-Home-Page_UCM_FDA109_AffiliatePage.jsp The American Heart Association]
⚫
Xceed Financial offered the following:
*[https://runsra.org/sactown-run/ The Credit Union SacTown Run]
* Share accounts (checking, savings, money market, certificate, individual retirement accounts, [[health savings account]]s)
*[https://danielledowneyclassic.com/ The Danielle Downey Classic]
* New and used consumer loans (auto, boat, recreational vehicle, motorcycle)
*[http://www.bwlc.com/ Black Women’s Leadership Council]
* Real estate (fixed- and adjustable-rate mortgages, home equity loan)
*[https://childrensmiraclenetworkhospitals.org/ Children’s Miracle Network Hospitals]
⚫
* Insurance services (personal and home)
*[http://cu4kids.org/ Credit Unions for Kids]
⚫
* Electronic services ([[online banking]], [[mobile banking]], [[electronic bill payment]], electronic statements)
*[http://www.fcdsn.com/ Flower City Down Syndrome Network]
⚫
* Investment, insurance, and financial planning services through [[LPL Financial]]
*[https://www.galaxe.org/cpages/home GALAXe]
⚫
* Business banking (share accounts and loans)
*[http://www.hapa.org/ Hispanic Association for Professional Advancement]
*[http://www.thewomensalliance.net/ The Women’s Alliance]
*[http://www.piratetoyfund.org/ Pirate Toy Fund]
*[https://www.lafoodbank.org/ Los Angeles Regional Food Bank]
*[https://www.facebook.com/greecefoodshelf/ Greece Ecumenical Food Shelf]


==Locations==
⚫
==Locations<ref>[http://www.xfcu.org/member_tools/locationfinder.aspx?ShowAllBranch=1 Xceed Financial Locations]</ref>==
'''California'''
'''California'''
* El Segundo
* El Segundo
* Menlo Park
* Menlo Park
* San Jose
* San Jose
'''Connecticut'''
* Norwalk
'''New Jersey'''
'''New Jersey'''
* Parsippany
* Parsippany
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* Pittsford (town)
* Pittsford (town)
* Rochester
* Rochester
⚫
* Webster (town)<ref>[http://www.xfcu.org/member_tools/locationfinder.aspx?ShowAllBranch=1 Xceed Financial Locations]</ref>
* Webster (town)
'''Pennsylvania'''
* Harrisburg


==References==
==References==

Latest revision as of 23:41, 18 March 2022

For other uses, see Xceed (disambiguation).
Xceed Financial Credit Union
Company typeCredit union
IndustryFinancial services
Founded1964
DefunctApril 1, 2021 (2021-04-01)
FateMerged with Kinecta Federal Credit Union
SuccessorKinecta Federal Credit Union
HeadquartersEl Segundo, California, U.S.
Key people
Teresa Freeborn, President and Chief Executive
Total assets$1B under management USD (2016)
Number of employees
200+
Websitexfcu.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

[edit]

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.[1]

In April 2021 Xceed merged into Kinecta Federal Credit Union.[2]

Products and services

[edit]

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

[edit]

California

  • El Segundo
  • Menlo Park
  • San Jose

New Jersey

  • Parsippany

New York

  • Pittsford (town)
  • Rochester
  • Webster (town)[3]

References

[edit]
  1. ^ Xceed Financial Fact Sheet
  2. ^ "Kinecta Newsletter-Q2 2021". Kinecta Federal Credit Union. Archived from the original on 7 May 2021. Retrieved December 4, 2021.
  3. ^ Xceed Financial Locations
[edit]
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