Nix Check Cashing founder explains why the NCUA approved the sale after the OCC blocked bank attempts.
Tom Nix, who sold his family financial services business to Kinecta FCU in 2007, shares details on the deal and his eventual departure.
In a new tell-all book, the former owner of Nix Check Cashing details his experience with Kinecta Federal Credit Union.
The 227,000-member Kinecta Federal Credit Union has become one of the financial institutions that Fannie Mae has authorized to provide mortgages to the purchasers of Fannie’s HomePath properties.
Kinecta FCU is now part of Fannie Mae's HomePath Mortgage program, an effort to move the thousands of properties it currently holds.
The nation’s second largest mega-merger, that of the $4.7 billion California pairing of Kinecta FCU and NuVision FCU, moved a step closer this month with a formal application filed with the NCUA.
Consolidation of Southern California CUs would be the second mega-merger on West Coast in past year.
Kinecta FCU jumps into Orange County mortgage market with new processing center.