The Kinecta Express prepaid Visa® card is issued by Kinecta Federal Credit Union and available at Nix Check Cashing locations.

In August 2007, Kinecta Federal Credit Union acquired Nix Check Cashing, which now operates as Kinecta Alternative Financial Solutions, Inc., a wholly owned subsidiary and Credit Union Service Organization (CUSO). Headquartered in Manhattan Beach, Calif., Kinecta Federal Credit Union is one of the nation’s largest credit unions, with over $4 billion in assets and 220,000 members nationwide.

Kinecta Alternative Financial Solutions, Inc. d.b.a. Nix Check Cashing is one of the largest branded chains of check cashing facilities in Southern California, serving millions of customers annually at their 48 locations. The Company’s brand name recognition is second to none in Los Angeles.

Nix Check Cashing provides its customers with check cashing services at competitive rates. In addition to check cashing, Nix provides a number of financial services and products including money orders, MoneyGram money transfers, telephone prepaid cards, prepaid Visa® debit and gift cards, bus passes, payday advances, and 35 full-service ATMs. All Nix facilities are linked to the Company’s advanced online computerized proprietary database, which contains employer and customer information to mitigate check fraud. This system is the only one of its kind in the industry and provides Nix with a substantial advantage over its competitors.

In 2008, Nix began introducing Kinecta at Nix teller windows within its locations to support a new program designed to provide financial banking services to low-to-moderate income communities. This program continues to expand throughout the Nix branch network.

Nix Check Cashing has been active in serving the needs of the community for more than four decades and has supported numerous worthwhile community causes including its annual holiday food drive and scholarship program. Nix has received awards and letters of recognition from the California State Board of Education, the Department of Labor, the United States Congress, the Los Angeles Urban League Head Start Program, the California State Senate, the Superintendent of Banks, the Brotherhood Crusade, the Los Angeles Unified School District, the California State Sheriffs’ Association, the Al Wooten Jr. Heritage Center, the Shell Oil Youth Academy, the Southern Area Clergy Council, Para Los Niños, the Salvation Army and Mexican American Opportunities Foundation.