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.
LAS VEGAS—CU Wallet, the credit union-owned digital wallet solution, announced at the Money2020 conference it has contracted with Massachusetts-based mobile wallet developer Paydiant.
Four more credit unions have signed on with GrooveCar Inc., an auto services provider.
An auto loan portfolio worth $463 million and vehicle lending as a core product for over 50 years were factors that put Mission Federal Credit Union ahead of the pack during the bidding process for Autoland Inc.
Glouberman has served as general counsel since April 2008 and will oversee all legal and enterprise risk management functions.
This preview from next week's print edition takes an in-depth look at Mission FCU's acquisition of the Autoland CUSO.
Luis Peralta has joined Kinecta Alternative Financial Solutions, doing business as Nix Financial, as its new chief operating officer.
Two long-term opponents of payday lending said that nine federal credit unions in five states continue to offer members payday loans with triple-digit interest rates.
Consumer advocates say most credit unions cited in 2010 have abandoned the practice.