Media Contact:
Laura Oberhelman
310.643.2401
loberhelman@kinecta.org
GREGORY KELSEY NAMED DIRECTOR, COMMERCIAL LOAN PRODUCTION MANHATTAN BEACH, Calif. July 22, 2009 – Kinecta Federal Credit Union today announced Gregory Kelsey has joined the organization as Director, Commercial Loan Production. Kelsey’s primary responsibilities include oversight and management of the commercial loan origination functions and coordinating delivery of commercial loan product originated for sale to government sponsored enterprises and other institutional partners.
“With his extensive knowledge of the industry, Greg will help strengthen Kinecta’s growth from a regional to a national commercial real estate lending platform,” said Paul Cleary, Vice President, Business Lending. “We’re excited to have him as an addition to our team.”
Kelsey previously served as Senior Vice President – Division Manager at First California Bank, where he created a small balance multifamily and commercial lending platform. Kelsey was Managing Director – Division Director at Imperial Capital Bank, where he established Imperial Capital Express, a nationwide small balance multifamily platform, which received FNMA approval as a 3Max lender. He managed the entire operation including the sales, processing and underwriting functions. Other experience includes managing nationwide branch production operations for Southern Pacific Bank and serving as Regional Vice President for First Interstate Bank.
Kinecta Federal Credit Union is one of the nation’s largest credit unions, with approximately $4 billion in assets as of June 30, 2009; 24 branches; and more than 225,000 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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