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Provides credit union people more affordable selection for 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 item suite, Freedom First can offer an affordable financing choice to people whom otherwise might count on high priced solutions like conventional payday advances to pay for unforeseen costs. QCash can be a automatic lending that is digital and utilizes the memberвЂ™s credit history using the lender to underwrite, accept and fund the mortgage in less than 1 minute. The charges and prices connected with QCash loans are significantly below those charged by conventional 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 President of munity Development. вЂњWe take pride in fulfilling our peopleвЂ™ requirements appropriate where they truly are on the monetary journey, whether or not they are only getting started or they want cash administration choices during more difficult times. QCash FinancialвЂ™s automated solution is simple, fast, and bases underwriting decisions in the memberвЂ™s relationship with us, perhaps maybe not a credit history.вЂќ
вЂњFreedom First knows just exactly how access that is important money is actually for breaking the period of debt and attaining monetary stability,вЂќ said Ben Morales, CEO of QCash Financial. вЂњSmall-dollar loans provide better prices and terms. Delivering money quickly to users may be a effective part of going users toward enhanced economic wellness. Freedom First appears down for all munities that require their solutions the absolute most, and weвЂ™re proud to be always 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 charging you extortionate costs and interest levels. It really is provided being a white label solution to banking 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 when you look at the Roanoke, Virginia. With 10 branches in Roanoke and brand brand brand New River legit payday loans in Connecticut 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.