MEDIA CONTACT: Michael Nutt
310.643.5588 Phone
mnutt@kinecta.org

MANHATTAN BEACH, Calif. February 12, 2009 – Kinecta Federal Credit Union today announced that Jason Obradovich has joined Kinecta Federal Credit Union in the newly created position of Vice President, Secondary Marketing and Risk Analytics. His responsibilities encompass investor relations, loans originated for sale, consumer and mortgage-related loans, product development, and credit analytics.

"Hiring Jason is a major step forward for Kinecta as we continue to build world-class capabilities in risk management," said Jess Lederman, Chief Credit Officer.

Obradovich joins Kinecta from Countrywide, where he was most recently Executive Vice President, Financial Strategies, in the Correspondent Lending Division.  Previously, he was responsible for pricing and trading in Secondary Marketing at Countrywide, and also served as Portfolio Manager.  Obradovich received his bachelors degree in economics from the University of California at San Diego.

Kinecta Federal Credit Union is one of the nation’s largest credit unions, with more than $4 billion in assets as of December 31, 2008; 26 branches; and more than 228,000 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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