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Provides credit union users more affordable selection for small-dollar loans
OLYMPIA, Wash.–( COMPANY WIRE )–QCash Financial, a provider of automated, cloud-based, small-dollar financing technology, today announced it is partnering with Freedom First Credit Union to provide short-term, small-dollar cash advance alternatives to credit union users through its QCash item.
Making use of QCash FinancialвЂ™s item suite, Freedom First can provide an affordable financing choice to users whom otherwise might depend on high priced solutions like conventional payday advances to pay for unforeseen costs. QCash is definitely a automatic lending that is digital and makes use of the memberвЂ™s credit history utilizing the standard bank to underwrite, approve and fund the mortgage in less than 1 minute. The charges and prices connected with QCash loans are significantly below those charged by old-fashioned short-term loan providers.
вЂњOur mission at Freedom First is people that are helping вЂ“ helping munities thrive. And now we measure our value by simply how much we surrender,вЂќ said Dave Prosser, Freedom FirstвЂ™s Senior Vice President of munity Development. вЂњWe take pride in fulfilling our peopleвЂ™ requirements appropriate where they have been on the monetary journey, whether or not they are simply getting started or they want cash management choices during more difficult times. QCash FinancialвЂ™s solution that is automated simple, fast, and bases underwriting decisions in the memberвЂ™s relationship with us, maybe perhaps not really a credit history.вЂќ
вЂњFreedom First knows just just just how access that is important money is for breaking the period of financial obligation and attaining economic stability,вЂќ said Ben Morales, CEO of QCash Financial. вЂњSmall-dollar loans provide better prices and terms. Delivering money quickly to people may be a effective step up going users toward enhanced health that is financial. Freedom First appears down for many munities that want their solutions the absolute most, and weвЂ™re proud to become a partner using them.вЂќ
The QCash loan platform was created in 2004 by WSECU following the credit unionвЂ™s tellers noticed a number that is substantial of members needed little, short-term loans from payday lenders that have been recharging exorbitant costs and interest levels. It really is provided as a white label solution to banking institutions. To learn 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 into the Roanoke, Virginia. With 10 branches in Roanoke and brand online payday AL brand brand New River Valleys, Freedom First is producing neighborhood vitality that is economic their core effect banking programs for affordable housing, transport, economic training, effect banking, and munity revitalization. Find out about Influence Services.