PASADENA, Calif. — As part of its effort to reach out to lower income and underserved communities, the $3.9 billion Wescom Credit Union has purchased a noted check cashing firm and says it will continue to operate it as a check cashing CUSO.
The company, Area Check Cashing Centers (ACCC), has eight check cashing outlets spread across Los Angeles and Orange Counties, the CU said. The acquisition marks the first time that a Southern California credit union has purchased a check cashing business, the CU said.
In addition to cashing checks, the new CUSO will include check cashing, payday advances, money order sales, phone card sales, Western Union wire services, and more, the CU said.
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