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Kinecta's Lagomarsino Doesn't Regret Spending Capital For Nix

MANHATTAN BEACH, Calif. -- Kinecta Federal Credit Union CEO Simone Lagomarsino said she doesn't regret spending some of her $4.5 billion credit union's capital to purchase Nix Check Cashing last summer, even in light of California's economic woes.

By Heather Anderson | Updated on June 20, 2008

MANHATTAN BEACH, Calif. — Kinecta Federal Credit Union CEO Simone Lagomarsino said she doesn’t regret spending some of her $4.5 billion credit union’s capital to purchase Nix Check Cashing last summer, even in light of California’s economic woes.

“I have no regrets at all,” she said. “We believe we’re in the right position for the longer term, and being able to serve the people who are underserved and unbanked, we’re in absolutely the right position. And being right there in the community puts us in the right place given the economic times. I have no regrets, not even a hesitation.”

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