Tom Nix, founder of Nix Check Cashing, credited the NCUA in his latest book for the successful sale of his business to the $3.1 billion Kinecta Federal Credit Union after failed attempts to sell the company to banks.
Nix detailed his experiences with Nix Check Cashing, the largest checking cashing chain in Southern California, in the book, “Nixland: My Wild Ride in the Inner City Check Cashing Industry.”
Despite armed robberies, the L.A. riots and threats from the Chicago mob, Nix expanded the business to approximately 400,000 customer transactions per month and 55 locations.
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