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There are a lot of interesting credit union happenings that deserve comment:

- The Payday Play. Kinecta Federal Credit Union is acquiring payday lender Nix Check Cashing for $45 million. Kinecta joins Wescom Credit Union as the second California credit union to purchase a payday lender. These two credit unions are ahead of the curve. What a great way to jump into the underserved market by buying a business with an established client base that could turn into new members. Kinecta plans to convert Nix’s 55 retail locations into Kinecta branches.

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