Xceed Financial Credit Union

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 five states.

Xceed Financial Credit Union
TypeCredit union
IndustryFinancial services
Founded1964
HeadquartersEl Segundo, California, U.S.
Key people
Teresa Freeborn, President and Chief Executive
Total assets$1B under management USD (2016)
Number of employees
200+
Website

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.[2]

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

New Jersey

  • Parsippany

New York

  • Pittsford (town)
  • Rochester
  • Webster (town)

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.