The real estate market nationwide might continue in the doldrums, but the $3.5 billion Kinecta Federal Credit Union is preparing to open a 9,500-square-foot mortgage processing center in Newport Beach, Calif.
“While other financial institutions are exiting the real estate arena in Orange County, Kinecta is entering the market to serve the unique needs of area residents looking for a financial institution with a strong track record,” said Brian Robinett, chief credit officer at 225,000-member Kinecta in Manhattan Beach, Calif.
“Unlike most financial institutions, Kinecta is not-for-profit: we work for the benefit of our member-owners. That truly sets us apart from the competition,” Robinett said.
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