Kinecta Federal Credit Union Reviews

This organization and its CEO rank lower than B of A and Wells Fargo, and markedly lower than other credit unions. Leadership is still weak and there is little effort on helping people get better --- it's easier to fire them instead, and especially if they question or are perceived as a threat to the manager. The company is still hooked on mortgage lending and has been unable to expand into other areas to reduce its reliance on production and gain on sale. This singular focus, Combined with atrocious efficiency ratio make earnings unstable. CEO knows this -- like he knows everything and doesn't hesitate to tell us that in most condescending fashion, often -- but he lacks the management experience and ability to turn it around. The needle is stuck and he and his inner circle aren't able to move it through people. (It's easy to give orders or "reorganize" out the people who you don't like. It's much more demanding and heretofore unseen to lead, engage, and coach the organization to higher performance and quality for its members and employees.)

I believe Kinecta is forgetting it's a credit union and wants to be a big bank in disguise. I think the executives are at fault here, as their financial goals are way too lofty and idealistic. A credit union is supposed to be special and always looking for the member's best interest. This doesn't happen when branch employees are pressured be pushy selling products that will truly not help the member. There is extreme anxiety going to work every day knowing if you don't hit that number you could be fired (these go up every month). The high up position salaries are insane for a nonprofit, its just.. eerie. Being one of the biggest credit unions is not necessarily a good thing when you become so detached from your member's true needs. You're so focused on making more money that your members are closing accounts because you're failing to meet their true needs!