Thank you for sharing!

Your article was successfully shared with the contacts you provided.
merger consolidation Source: Shutterstock.

Members of the $944 million Xceed Financial Credit Union in El Segundo, Calif., approved merging with the $5.2 billion Kinecta Federal Credit Union in Manhattan Beach, Calif.

Of the 1,859 ballots cast, 1,536 members voted for the consolidation and 323 voted against it, according to the final vote tally released by Xceed Financial Monday afternoon. The required special meeting for members was held virtually on Feb. 26. Xceed Financial serves 47,950 members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.