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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 that it’s partnering with Freedom First Credit Union to provide short-term, small-dollar pay day loan alternatives to credit union users through its QCash item.
Utilizing QCash FinancialвЂ™s product suite, Freedom First can provide an affordable financing choice to users whom otherwise might depend on high priced solutions like conventional pay day loans to pay for unforeseen costs. QCash can be an automatic lending that is digital and utilizes the memberвЂ™s credit history utilizing the standard bank to underwrite, accept and fund the mortgage in less than 1 minute. The charges and prices connected with QCash loans are considerably below those charged by old-fashioned lenders that are short-term.
вЂњOur mission at Freedom First is helping individuals prosper вЂ“ helping munities thrive. And now we measure our value by just how much we surrender,вЂќ said Dave Prosser, Freedom FirstвЂ™s Senior Vice payday loans Maryland President of munity Development. вЂњWe take pride in fulfilling our peopleвЂ™ requirements appropriate where these are typically to their economic journey, they need money management options during more challenging times whether they are just starting out or. QCash FinancialвЂ™s automated solution is simple, fast, and bases underwriting decisions from the memberвЂ™s relationship with us, perhaps perhaps maybe not really a credit history.вЂќ
вЂњFreedom First knows exactly exactly how essential use of 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 rates and terms. Delivering money quickly to users could be a robust part of going people toward enhanced health that is financial. Freedom First appears down for those of you munities that require their solutions probably the most, and weвЂ™re proud to become a partner together with 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 people needed tiny, short-term loans from payday lenders that have been charging you exorbitant charges and interest levels. It really is provided as being a white label solution to banking institutions. To find out more, contact Ben Morales at bmoralesq-cash..
About Freedom Very First Credit Union
Freedom First Credit Union has significantly 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 New River Valleys, Freedom First is producing regional vitality that is economic their core effect banking programs for affordable housing, transport, monetary training, effect banking, and munity revitalization. Find out about Influence Services.