Xceed Financial Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Predecessor | Scientific Data Systems Credit Union, Xerox Federal Credit Union |
| Founded | 1964 |
| Defunct | April 2021 |
| Fate | Merged with Kinecta Federal Credit Union |
| Headquarters | United States |
Area served | United States (multiple states) |
| Products | Checking accounts, savings accounts, money market accounts, certificates of deposit, IRAs, health savings accounts, consumer loans, mortgage loans, insurance, digital banking, investment and financial advisory services, business financial services |
Xceed Financial Credit Union was a federally chartered institution providing credit union services to Xerox, OfficeMax, Seneca Park Zoo, Heal the Bay, Webster Public Library, Alorica, along with more than 300 additional select employer groups (SEGs), organizations, and communities across the United States. It maintained Financial Centers and sales offices throughout five different states.
As a federally regulated credit union, Xceed fell under the supervision of the National Credit Union Administration (NCUA).
History
Established in 1964 under the name Scientific Data Systems Credit Union, the organization was renamed Xerox Federal Credit Union in 1970. The institution adopted the Xceed Financial Credit Union brand in April 2008, frequently referred to as Xceed or Xceed Financial. At that time, it held assets close to $1 billion and catered to a membership base of approximately 70,000 individuals.
In April 2021, Xceed completed a merger with Kinecta Federal Credit Union.
Products and services
Xceed Financial provided a range of financial products including:
- Share accounts such as checking, savings, money market accounts, certificates of deposit, IRAs, and health savings accounts
- Consumer lending options for new and used vehicles including cars, boats, RVs, and motorcycles
- Mortgage products featuring both fixed- and adjustable-rate home loans as well as home equity borrowing
- Insurance solutions covering personal and homeowners policies
- Digital banking tools including online banking, mobile banking, bill payment services, and electronic statements
- Investment and financial advisory services offered through LPL Financial
- Business financial services encompassing share accounts and various loan products
Locations
California
- El Segundo
- Menlo Park
- San Jose
New Jersey
- Parsippany
New York
- Pittsford
- Rochester
- Webster