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Provides credit union users more option that is affordable small-dollar loans
OLYMPIA, Wash.–( COMPANY WIRE )–QCash Financial, a provider of automatic, cloud-based, small-dollar financing technology, today announced it is partnering with Freedom First Credit Union to supply short-term, small-dollar pay day loan alternatives to credit union users through its QCash item.
Making use of QCash Financial’s product suite, Freedom First can provide an affordable financing choice to people whom otherwise might depend on high priced solutions like conventional pay day loans to pay for unforeseen costs. QCash can be a automatic lending that is digital and makes use of the member’s credit history aided by the standard bank to underwrite, accept and fund the mortgage in less than 1 minute. The costs and prices connected with QCash loans are considerably below those charged by old-fashioned lenders that are short-term.
“Our mission at Freedom First is helping individuals prosper – helping munities thrive. And now we measure our value by exactly how much we surrender,” said Dave Prosser, Freedom First’s Senior Vice President of munity Development. “We take pride in fulfilling our people’ needs appropriate where these are typically on the monetary journey, if they are only getting started or they want cash administration choices during more difficult times. QCash Financial’s automated solution is simple, fast, and bases underwriting decisions in the member’s relationship with us, maybe not a credit history.”
“Freedom First knows just just how crucial usage of money is actually for breaking the period of financial obligation and attaining economic stability,” said Ben Morales, CEO of QCash Financial. “Small-dollar loans provide better prices and terms. Delivering money quickly to users could be a robust step up going people toward enhanced health that is financial. Freedom First appears down for those of you munities that require their solutions the essential, and we’re proud to be always a partner using them.”
The QCash loan platform originated in 2004 by WSECU following the credit union’s tellers noticed a significant amount of its people required tiny, short-term loans from payday loan providers that have been charging you extortionate costs and interest levels. It really is provided as a white label solution to finance institutions. To find out more, contact Ben Morales at bmoralesq-cash..
About Freedom Very Very First Credit Union
Freedom First Credit Union has a lot more than 52,000 people and $533 million in assets and it is headquartered within the Roanoke, Virginia. With 10 branches in Roanoke and brand brand brand New River Valleys, Freedom First is producing neighborhood economic vigor through their core effect banking programs for affordable housing, transport, economic training, effect banking, and munity revitalization. Find out about Influence Services.