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Need help with Compliance, obtaining an MSB Bank, MSB Legal services, Buying or Selling an MSB business?
Let Family Financial Centers help you by leveraging our decades of MSB experience as well as banking and industry supplier relationships.
Compliance & Legal Services
The primary reason most find it so challenging to get into the MSB industry is the fact that it is a regulated industry. Entrepreneurs trying to do it on their own face a daunting, time consuming and expense riddled road to success. Bank regulations, as well as local, state and federal compliance and regulatory challenges abound. FFC can help!
- Bank-approved Anti-Money Laundering (AML) program
- Compliance Program
- MSB Legal Services
- Contract Law
- Lease negotiations
Let’s face it, without an MSB bank, you have no business! We have strategic partnerships with MSB banks nationwide. Contact us for assistance with obtaining an MSB bank.
Sell your MSB Business
If you own an independent check cashing/payday loan center and would like to sell your business, we are interested! Please contact us for a confidential discussion of your circumstances and learn how we can provide a comfortable exit vehicle for you to cash out of your business.
- No Broker Fee Program
- Qualified Buyers, Fair Offers
If you are an individual or investment group interested in acquiring an existing store(s) under the FFC brand, we can help you! As an FFC franchisee you will benefit from our relationships and industry knowledge. We will find and structure a transaction that meets your needs, and then set you up and train you in the business.
Check Cashers provide unique services that require corresponding coverage. Our strategic partners have over 40 years of experience working with a select group of insurance companies to provide various programs to meet the needs of this industry on a national basis.
Insurance- Our programs are designed to meet the needs and exposures of the check cashing industry. Some of the coverage available include:
- Employee Dishonesty Coverage
- On Premises Coverage
- In Transit Coverage
- Forgery or Alteration
- Extortion / Kidnap Ransom
Surety Bonds- Surety bonds are becoming an important factor to the check cashing industry as it grows and becomes more diversified. Our strategic partner offers bonds that range from $1,000 to over $2,000,000 in value.
Additional Coverage- In addition to “crime” coverage and Surety Bonds, our strategic insurance partners can also provide you with various property and liability insurance coverage that will assist you in rounding out your insurance program.
Financial Service Package for Non-MSB Retail Business
Gaining access to the Unbanked, Underbanked and small businesses means driving new traffic to your store; more traffic results in higher store sales.
Providing financial services to your customers is more than good customer service.
- Retain Existing Customers
- Drive new traffic to your store
- Increase Store Sales
- Statistics show 24.6% of check cashing customers remain in the store to buy goods
- Gain a competitive advantage over other stores in their area