MEDIA CONTACT: CORPCOMM@KINECTA.ORG

MANHATTAN BEACH, Calif. November 19, 2008 – Steven Glouberman has joined Kinecta Federal Credit Union as Vice President, Legal Counsel.  Glouberman will assume leadership responsibilities for Kinecta’s overall legal environment including transactional matters, contract analysis, and operational legal oversight to ensure conformity to applicable rules, regulations and statutory requirements. 

“Steven's background and experience are ideally suited to help Kinecta navigate the current regulatory environment,” said Randall Dotemoto, Chief Strategy Officer. “He has solid experience in managing the legal aspects of regulatory, lending, servicing, corporate compliance, licensing, and policies and procedures.”

Glouberman previously was Executive Vice President, General Counsel for ResMAE Mortgage Corporation. While there, he was instrumental in assisting the company in raising $25 million in capital and issuing $100 million in subordinated debt.  He helped to develop and implement ResMAE’s expansion into all 50 states. He also provided legal advice on employment-related matters, reviewed corporate agreements, provided regulatory advice and statutory interpretation for lending and servicing activities, and generated and managed relationships with regulatory, compliance, labor, and mortgage banking counsel to the company.

Other experience includes founding his own law firm, the Law Offices of Steven J. Glouberman, and serving as senior associate at Morgan, Lewis & Bockius LLP, specializing in commercial and financial litigation and insolvency.

Glouberman earned a bachelor's degree in economics from UCLA, and his juris doctorate, cum laude, from Loyola Law School, where he was an editor for the Loyola Law Review.  He is a member of the California State Bar, American Bar Association, and Los Angles County Bar Association.

Kinecta Federal Credit Union is one of the nation’s largest credit unions, with more than $4 billion in assets as of September 30, 2008; 25 branches; and more than 220,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Agencies, and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is owned by its members, and exists to provide a safe and convenient place for member/owners to conduct their financial business. Our earnings are returned to our members in the form of lower loan rates, higher interest on deposits and lower fees. For more information about Kinecta, visit www.kinecta.org. For more information about Nix Check Cashing, visit www.nixcheckcashing.com.

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