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Provides credit union users more affordable choice for 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 cash advance alternatives to credit union people through its QCash item.
Utilizing QCash FinancialвЂ™s item suite, Freedom First can provide a lending that is affordable to users whom otherwise might count on high priced solutions like conventional pay day loans to pay for unforeseen costs. QCash is a automatic lending that is digital and makes use of the memberвЂ™s credit history using the lender to underwrite, accept and fund the mortgage in less than 1 minute. The costs and prices connected with QCash loans are significantly below those charged by old-fashioned short-term loan providers.
вЂњOur mission at Freedom First is helping individuals prosper вЂ“ helping munities thrive. And we also measure our value by just 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 truly are on the economic journey, whether or not they are simply beginning or they want money administration choices during more difficult times. QCash FinancialвЂ™s automated solution is simple, fast, and bases underwriting decisions regarding the memberвЂ™s relationship with us, perhaps perhaps not just a credit score.вЂќ
вЂњFreedom First knows just exactly 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 users are a robust step up going people toward enhanced economic wellness. Freedom First appears away for those of you munities that require their solutions the absolute most, and weвЂ™re proud to be 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 people needed little, short-term loans from payday loan providers that have been payday loans AK charging you exorbitant costs and rates of interest. Its provided as a label that is white to banking institutions. To learn more, contact Ben Morales at bmoralesq-cash..
About Freedom First Credit Union
Freedom First Credit Union has a lot more than 52,000 people and $533 million in assets and it is headquartered when you look at the Roanoke, Virginia. With 10 branches in Roanoke and 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.