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Kinecta Purchases High-Profile Payday Lender
By Heather AndersonKinecta Federal Credit Union has purchased Carson, California-based Nix Check Cashing for approximately $45 million. Nix parent company Navicert Financial, Inc. will first be housed under a credit union CUSO, Kinecta Alternative Financial Solutions, Inc., but will eventually be folded into the credit union as a division.