Family Financial Centers, LLC (FFC), a network of community-based financial service centers that offers financial services that include check cashing, bill payment, money orders, wire transfers, gift card buy back, pre-paid debit cards, bookkeeping services and direct deposit, announced that it started off 2022 with the opening of a new location in Paterson, NJ!
The new location, owned by Peter Hofbauer & Timothy Larkin and operating as Family Financial Centers (FFC), will serve the Paterson community and surrounding areas. This location is proud to offer check cashing, bill payments, prepaid debit cards, Western Union, and more, to both individuals and commercial customers.
Family Financial Centers is committed to providing community-based financial services in a fair, dignified, professional manner to folks with and without bank accounts, as well as to small businesses. New Franchisee Peter Hofbauer says, “We recently purchased a check cashing business under the franchise of Family Financial Centers. Although it is early in the process, we couldn’t be more pleased with the help provided to us by everyone at FFC. They helped us find the right store at an attractive price and managed the due diligence and the entire purchase process with the seller. Prior to the purchase, we were fully trained by them in the workings of the business and navigated the credentialing with all regulatory bodies. We simply couldn’t imagine entering this highly regulated business without a franchisor. Fortunately for us, we had a franchise company that goes the extra mile to ensure that we are comfortable in all aspects of the Money Service Business including compliance, business infrastructure, training and vendor relations.”
Family Financial Centers help small business customers accelerate their cash flow to make payroll and retain their valuable employees through commercial check cashing services, with in-store and mobile check cashing options available.
The Family Financial Centers franchise was designed to be an alternative to rapidly disappearing neighborhood branch banks to serve the unbanked, the underbanked, small businesses and the more than 50% of Americans living paycheck-to-paycheck. “Because of our proven operating procedures, we continue to expand into new areas. Our financial service centers have the sophistication and professionalism of a larger corporation, yet also have the personal touch of a traditional bank”, comments Paul Eckert, Founder and CEO of Family Financial Centers.