Kinecta Federal Credit Union, Manhattan Beach, Calif., has opened a new mortgage loan center in Mission Valley, following the opening of another center in Rancho Penasquitos in December.
The new center has 16 staffers already on board and plans to hire eight more.
A fast growing third-party residential lender, Kinecta funded $2.7 billion of home mortgage loans last year in 25 states.
The $3.5 billion credit union, which also operates a Midwest mortgage center in Chicago, offers both residential and commercial mortgages in the conforming and super jumbo categories.
Kinecta Federal's original charter was for serving employees of Hughes Aircraft Co. The depository is in the process of merging with NuVision Federal Credit Union, Huntington Beach, which has $1.2 billion of assets.
