MASHINIi

Kearny Financial.

KRNY.US | Other monetary intermediation

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It accepts various deposit products, including savings, NOW, money market, and checking accounts, as well as certificates of deposit. The company's loan po...Show More

Ethical Profile

Mixed.

Kearny Financial's ethical profile is mixed. The company faced 12 cyber incidents in 2023, including a LockBit 3.0 ransomware attack allegedly stealing financial documents. A third-party breach reportedly impacted over 17,509 clients, with potential costs of $4.5 million. Kearny invests $3.7M annually in cybersecurity. Regarding worker respect, while the CEO pay ratio is 17:1, Glassdoor reviews show compensation satisfaction down 19% and turnover hit 23.4% in 2022. Positively, Kearny donated $10,000 to Associated Humane Societies in 2022.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity20
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-60
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

No evidence available to assess Kearny Financial on Better Health for All.

Fair Money & Economic Opportunity

20

Kearny Financial's articles explicitly state that no regulatory actions, violations, fines, or compliance issues are mentioned.

1
This indicates a spotless compliance record based on the provided information.

Fair Pay & Worker Respect

0

Kearny Financial's CEO pay ratio in 2024 was 17:1, with the CEO earning $1,396,533 and the median employee earning $83,935.

1
Employee engagement, based on Glassdoor reviews, shows an average rating of 3.1 out of 5 stars, with only 34% of employees recommending working at Kearny Bank.
2
The voluntary employee turnover rate was 23.4% in 2022, an increase from 16.2% in the prior year.
3
The company offers benefits including healthcare and subsidized breakfast and lunch, but the percentage of the workforce covered by employer-funded health insurance is not specified.
4

Fair Trade & Ethical Sourcing

0

Kearny Financial Corp. operates as a financial institution, providing banking products and services. Its core business does not involve the procurement or trade of physical commodities. Therefore, KPIs related to fair trade certification, supplier audits for welfare or sourcing, exposure to upstream labor practices, supply chain traceability for physical goods, remediation processes for sourcing violations, ethical sourcing clauses for material supply chains, and high-risk material sourcing are not applicable to its operations. No specific data was provided for these metrics in the context of a financial services company.

1

Honest & Fair Business

-40

Procedures for the receipt and handling of complaints regarding accounting, internal controls, or auditing matters are outlined, and anonymous submissions by employees are mentioned.

1
However, there is no evidence of independent investigation processes for these complaints.

Kind to Animals

0

Kearny Financial Corp. operates as a financial services company, and its core business model does not involve products, operations, or R&D activities related to animal welfare, animal testing, or animal-derived ingredients. Therefore, all KPIs related to these areas are not applicable. The company made a $10,000 donation to the Associated Humane Societies in 2023, which cares for approximately 1,300 animals daily and 7,000 annually.

1
However, this donation is not evidence of the company's direct measurable biodiversity impact or engagement in animal welfare policy improvement, as defined by the rubric's KPIs.

No War, No Weapons

0

No specific, concrete data points related to the 'No War, No Weapons' ethical value were found in the provided articles for Kearny Financial.

1
Both articles explicitly state that data for these metrics is either 'not specified' or that 'no data directly related to No War, No Weapons found'.
2

Planet-Friendly Business

0

No specific, quantifiable evidence was found in the provided articles that directly maps to the quantitative thresholds of the 'Planet-Friendly Business' KPIs for Kearny Financial (KRNY.US). Article 0, despite its detailed environmental data, explicitly refers to 'Kearney' as a 'management consultancy' and not Kearny Financial Corp., which is a bank, thus its data cannot be applied.

1
Article 2 mentions internal climate risk analysis, energy management systems, and waste sorting/recycling initiatives for Kearny Bank, but without specific percentages, counts, or explicit alignment with external frameworks required by the rubric's KPIs.
2

Respect for Cultures & Communities

0

No evidence available to assess Kearny Financial on Respect for Cultures & Communities.

Safe & Smart Tech

-60

Kearny Bank experienced a data breach through its third-party vendor, Fiserv, affecting over 17,509 clients, with sensitive data including financial account numbers and credit/debit card details being accessed.

1
The company reported 12 cyber incidents in 2023.
2
Its annual cybersecurity investment is $3.7 million, which represents 1.49% of its 2024 total revenue of $248.8 million.
3
Users can opt-out of marketing emails.
4
The company references compliance with the Patriot Act and COPPA, and has annual compliance spending of $4.2 million, but faces potential non-compliance penalties up to $500,000 per violation.
5

Zero Waste & Sustainable Products

-20

Kearny Bank has implemented several waste reduction initiatives. These include sorting and recycling general waste through single-stream dumpsters at a majority of locations, transitioning to paperless processes and digital banking, and increasing the use of cloud technologies.

1
The company also has programs for recycling e-waste (laptops, servers, hard drives, monitors, printers, and cell phones), a toner recycling program, a paper recycling program, and has eliminated or reduced courier services.
2

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.