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Xceed Financial Credit Union Boat

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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 nine 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.

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.


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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.


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Mergers and Acquisitions

  • POSTMARK Credit Union (August 2016)
  • Reach Federal Credit Union (March 2016)
  • Tiger Federal Credit Union (Dec 2007)
  • Rochester Federal Credit Union (Jul 2008)
  • Safeway Los Angeles Employees Federal Credit Union (Jan 2013)

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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)

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Awards and Recognitions

In 2017, Teresa Freeborn, president and CEO of Xceed Financial, was awarded with the Leo H. Shapiro Lifetime Achievement Award, the highest honor bestowed by the California and Nevada Credit Union Leagues. Freeborn was recognized for her more than 40 years of service, including serving as president and CEO of the credit union since 2006, and for being a strong advocate of the credit union industry.

Credit Union Journal named Xceed Financial one of the "Best Credit Unions to Work For" in 2014, 2015, 2016 and 2017. It also has a five-star, superior rating from BauerFinancial.


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Philanthropy

Guided by the credit union philosophy of "people helping people," Xceed is committed to making positive contributions to the communities in which it serves. The credit union helped raise more than $25,000 through fundraising and sponsorships for its partner organizations in 2017, as well as donated more than 10,000 clothing and food items, and toys. Partners include:

  • The American Heart Association
  • The Credit Union SacTown Run
  • The Danielle Downey Classic
  • Black Women's Leadership Council
  • Children's Miracle Network Hospitals
  • Credit Unions for Kids
  • Flower City Down Syndrome Network
  • GALAXe
  • Hispanic Association for Professional Advancement
  • The Women's Alliance
  • Pirate Toy Fund
  • Los Angeles Regional Food Bank
  • Greece Ecumenical Food Shelf

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Locations

California

  • El Segundo
  • Menlo Park
  • San Jose

Connecticut

  • Norwalk

New Jersey

  • Parsippany

New York

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

North Carolina

  • Fuquay-Varina

Pennsylvania

  • Harrisburg

Texas

  • Lewisville

Source of the article : Wikipedia



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