KU

Kemba Financial Credit Union

www.kemba.org link_icon

Market Research Report for KEMBA Financial Credit Union



Company Overview



  • Name: KEMBA Financial Credit Union

  • Mission of the Company: KEMBA exists to enrich the financial lives of its members and associates with passion, empathy, and integrity. KEMBA is committed to serving their membership, returning financial value to the cooperative, educating members and consumers financially, upholding democratic principles, recognizing diversity across their staff and board, and actively participating in community service.

  • Founded: 1933

  • Founders: Founded as the credit union for employees of The Kroger Bakery, hence the name Kroger Employee Mutual Benefits Association.

  • Key People:

  • Mark Decello, President & Chief Executive Officer

  • Headquarters: 555 Officenter Place, Gahanna, OH 43230, USA

  • Number of Employees: 201-500 employees

  • Revenue: No information is available

  • What the Company is Known For: KEMBA Financial Credit Union is known for providing financial products and services tailored to its members in Central Ohio with a focus on competitive rates, personalized service, and financial education.


Products



  • Products Offered:

  • Savings Accounts: Designed for personal savings needs offering various plans with competitive interest rates.

  • Checking Accounts: Daily transaction accounts with benefits tailored to different user needs.

  • Loans: Includes auto loans, home loans, personal loans, and student loans with competitive interest rates.

  • Credit Cards: Credit facilities with benefits like lower-than-average interest rates and cash-back perks.

  • Business Services: Financial services designed for business needs including checking and savings accounts.

  • Retirement Planning: Services designed to assist members in planning for retirement.


  • High-Level Description of Products:

  • Auto Loans: Loans intended for purchasing vehicles, with competitive rate offers.

  • Home Loans: Mortgages designed for home purchase refinancing options.

  • Credit Cards: Offers with low-interest rates on balance transfers and purchases.

  • Savings & Deposits: Products for storing savings with premium interest rate returns.


  • Key Features:

  • Competitive rates on loans and deposits.

  • A suite of personal banking products.

  • Financial wellness and counseling services.

  • Digital Banking platform for 24/7 account access.

  • Over 50,000 surcharge-free ATMs nationwide.

  • Shared branching locations for convenience.


Recent Developments



  • Recent Developments:

  • Opened a new branch at Hamilton Quarter, enhancing service access for Central Ohio members.

  • Developed tech-savvy branches featuring Interactive Teller Machines (ITMs) to provide enhanced member interaction and convenience.

  • Continues to offer special rate promotions such as a 12.74% APR on credit cards and 4.99% rates on auto loans.


  • New Products Launched: No specific information about new products.


  • New Features Added: Introduction of KIT (KEMBA’s Interactive Tellers) to enhance member experience.


  • Partnerships:

  • Partnership with Columbus Blue Jackets for community engagement.

  • Naming rights partnership with KEMBA Live! Venue to boost brand awareness and community involvement.


Note



This report serves as a comprehensive guide to KEMBA Financial Credit Union, highlighting key aspects of their operations and recent developments. Only information present in the provided data has been included, with specific empty fields marked as "No information is available."