Xceed Financial Credit Union
 | |
| 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 (2013) |
| Website | xfcu.org |
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, more than 200 additional select employer groups (SEGs), organizations, and communities nationwide. It currently has 13 Financial Centers in five 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 $1 billion in assets under management and approximately 67,000 members.[2]
Mergers and Acquisitions
- 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
- Mountain View
- Norwalk
- San Jose
Connecticut
- Norwalk
New Jersey
- Parsippany
New York
- Pittsford (town)
- Rochester
- Webster (town)
Texas
- Lewisville