Company Information

Get to know nix neighborhood lending

Founded in 1978 by Tom Nix, Nix Neighborhood Lending grew to become one of the largest alternative financial service providers in Southern California. The company focused on serving unbanked and underbanked communities with services like check cashing, payday loans, money orders, and prepaid debit cards. In a move to bring this customer base into mainstream banking, Nix was acquired by Kinecta Federal Credit Union in 2007. Over the following years, the Nix locations were converted into Kinecta branches, aiming to transition customers from high-fee services to traditional banking products like checking accounts and lower-interest loans.

Industry

Financial BankingPRIMARY
Financial Other Service

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nix neighborhood lending

United States

Founded in

1966 (60 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.