MANHATTAN BEACH, Calif., July 1, 2020 /PRNewswire/ — Kinecta Federal Credit Union has announced the winners of its highly anticipated 2020 «Youth Scholarships and Teaching Grants for Growth» program. After receiving a total of 194 scholarship and 36 teaching grant applications, eight students and six teachers were selected to receive $2,000 each. Additionally, Innovision Society, an affiliate of Kinecta Federal Credit Union dedicated to financial empowerment, has selected ten students to each receive a $5,000 scholarship. Kinecta leaders honored all the winners on June 10th during a virtual award reception. Two of the winners also received a $250 Kinecta Kindness Award for their non-profit organizations.

«Kinecta Federal Credit Union is committed to helping students reach their full potential and teachers enhance their classroom offerings,» said Latrice McGlothin, Community Engagement Officer, Kinecta. «We are proud to offer more than $28,000 in total to these deserving individuals especially during a time their achievements may have been overshadowed by recent events.»

To date, Kinecta has awarded more than $224,000 to help 99 students towards a higher education and 25 teachers fund classroom projects through its «Youth Scholarships and Teaching Grants for Growth» program. Winners were chosen by the Scholarship Program Selection Committee composed of 20 Kinecta employees. Eligible students submitted a written essay on a personal experience and how it influenced their development. Applications were scored based on the essay, community involvement, GPA, awards and achievements, extracurricular activities, and SAT or equivalent.

The teachers’ grants were awarded based on information provided in the application, number of students impacted and project creativity.

A list of scholarship and grant winners can be found at

About Kinecta Federal Credit Union
Kinecta Federal Credit Union ( is one of the nation’s largest credit unions, with approximately $4.5 billion in assets; 22 branches; two retail mortgage centers; and more than 255,000 members nationwide. Banking the South Bay for 80 years, Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Wealth Management and Kinecta Insurance Services. From 2011-2019, Kinecta has been named the South Bay’s Best Credit Union by Daily Breeze readers. Kinecta was recently voted the best Credit Union in the South Bay for Easy Reader’s 2020 Best of the Beach. 

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SOURCE Kinecta Federal Credit Union