Xceed Financial Credit Union: Difference between revisions
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| location = [[El Segundo, California|El Segundo]], [[California]], [[United States|U.S.]] |
| location = [[El Segundo, California|El Segundo]], [[California]], [[United States|U.S.]] |
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| num_employees = 200+ |
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Revision as of 01:42, 16 September 2018
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| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1964 |
| Headquarters | El Segundo, California, U.S. |
Key people | Teresa Freeborn, President and Chief Executive |
| Total assets | $1B under management USD (2016) |
Number of employees | 200+ |
| Website | [1] |
Xceed Financial Credit Union is a federally chartered credit union and financial institution serving 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 operates Financial Centers and sales offices in nine states.
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.[1]
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
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 70,000 members. Xceed Financial has been known to royal screw their investors, in 2016 Xceed merged with Reach losing almost all documentation. At that point they proceeded to roll with the raging river of false data, customers have reported added fees tacked onto their loans and over priced insurance slaped on them with no explanation or warning. September 2017 the CEO had alleged sexual relations with Sloth from the goonies and admitted to doing so Stating "His strong callused hands around my waist reminded me of my ex wife." [2]
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, 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)
Locations[3]
California
- El Segundo
- Menlo Park
- San Jose
Connecticut
- Norwalk
New Jersey
- Parsippany
New York
- Pittsford (town)
- Rochester
- Webster (town)
North Carolina
- Fuquay-Varina
Pennsylvania
- Harrisburg
Texas
- Lewisville
Hell
- 9th Circle