This [conversion] will facilitate Family Financial Centers' launch of a stand alone payday loan center to compliment our full service financial center locations
Paul W. Eckert, President and founder of Family Financial Centers

Family Financial Centers announced the conversion of CheckCash USA, a regional provider of payday loans with locations in the greater Knoxville, Tennessee area. This conversion will add 11 locations under the Family Financial brand and give Family Financial Centers a foothold in this area of the country.

"This will facilitate Family Financial Centers' launch of a stand alone payday loan center to compliment our full service financial center locations," commented Paul W. Eckert, President and founder of Family Financial Centers. Bruce Chamberlin, Executive Vice President and co-founder of Family Financial Centers, pointed out that this will allow Family Financial Centers to expand how we go to market with our standard full service location as well as our Store 'n Store kiosk option.

Lester R. KeFauver, President of CheckCash USA, stated that "joining Family Financial Centers at this time was the correct decision for my company as it will allow for rapid expansion facilitated by Family Financial Centers' acquisitions of existing locations and aggressive franchise program, offering opportunities to entrepreneurs looking for good returns on their investment."