Kinecta Federal Credit Union has the likelihood to buy Nix Check Cashing as part of their "blue ocean" strategy to reach the financially underserved and raise credit union membership and deposits. But they confront reputational as well as fiscal risk.
Payday lending, check cashing and other alternate financial services are maligned in mainstream financial groups. This case asks students to appraise the planned $45 million deal, and both organizations, their specific businesses and discover whether or not it makes sense for Kinecta to buy Nix.
PUBLICATION DATE: July 09, 2009 PRODUCT #: 210012-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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