Original Partnership Brings Credit Union Services to Areas Underserved by Conventional Finance Institutions
MANHATTAN BEACH, Calif.–( BUSINESS WIRE )–One year ago this week, Kinecta Federal Credit Union of Manhattan Beach, Calif., purchased Nix check always Cashing, of Carson, Calif., and a business that is revolutionary came to be.
The partnership amongst the credit union that is largest in Los Angeles County while the biggest separate alternate monetary solutions provider in Southern Ca is exclusive with its size, range, framework and solutions.
In the year that is ensuing Kinecta and Nix reached the next milestones:
These windows are included in a pilot system, that may finally establish Kinecta at each and every of this 53 greater l . a . area Nix shops that the credit union acquired year that is last.
Along with breaking brand new ground by bringing credit union services and products to Nix stores, Kinecta has introduced revolutionary alternate financial loans and solutions, including:
вЂњ Through this unique partnership, we now have produced a revolutionary enterprize model that may bring credit union solutions to underbanked places where almost 5 million individuals live, вЂќ stated Simone Lagomarsino, President and CEO of Kinecta Federal Credit Union. вЂњ Our company is excited to be getting traditional products that are financial the underserved communities that Nix usually serves. We have been additionally extremely pleased to help you to provide the possibility to become a Kinecta Federal Credit Union user to all the associated with the Nix clients whom reside, work, go to college or worship within the areas that are geographic the Nix branches. вЂќ
вЂњ Many Nix shops have been in places where few banking institutions occur, making customers with restricted options, вЂќ said Tom Nix, Senior Vice President of Kinecta and President of Nix Check Cashing.