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Provides credit union people 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 people through its QCash item.
Utilizing QCash Financial’s item 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 is a automated electronic financing platform and utilizes the member’s credit history utilizing the lender 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.
“Our mission at Freedom First is helping individuals prosper – helping munities thrive. And now we measure our value by just how much we give back,” said Dave Prosser, Freedom First’s Senior Vice President of munity Development. “We take pride in fulfilling our people’ requirements appropriate where they truly are on the economic journey, whether or not they are simply getting started or they require cash administration choices during more difficult times. QCash Financial’s solution that is automated simple, fast, and bases underwriting decisions in the member’s relationship with us, maybe maybe not a credit score.”
“Freedom First knows just just exactly how access that is important money is for breaking the period of financial obligation and attaining monetary stability,” said Ben Morales, CEO of QCash Financial. “Small-dollar loans provide better prices and terms. Delivering money quickly to people are a effective help going users toward enhanced health that is financial. Freedom First appears down for the people munities that want their solutions the absolute most, and we’re proud to be a partner using them.”
The QCash loan platform was created in 2004 by WSECU following the credit union’s tellers noticed a number that is substantial of people needed little, short-term loans from payday loan providers which were recharging exorbitant charges and interest levels. It’s provided being a white label solution to finance institutions. To find out more, contact Ben Morales at bmoralesq-cash..
About Freedom Very Very Very First Credit Union
Freedom First Credit Union has a lot more than 52,000 users 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 neighborhood vitality that is economic their core impact banking programs for affordable housing, transport, economic training, effect banking, and munity revitalization. Find out more about Influence Services.