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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 it is 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 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 can be an automatic lending that is digital and makes use of the memberвЂ™s credit history utilizing the lender to underwrite, accept and fund the mortgage in less than 1 minute. The fees 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. So we measure our value by exactly 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, they need money management options during more challenging times whether they are just starting out or. QCash FinancialвЂ™s solution that is automated simple, fast, and bases underwriting decisions from the memberвЂ™s relationship with us, maybe maybe not a credit score.вЂќ
вЂњFreedom First knows exactly 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 members may be a robust help going users toward enhanced economic health. Freedom First appears away for people munities that require their solutions probably the most, and weвЂ™re proud to become a partner using them.вЂќ
The QCash loan platform originated 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 loan providers which were charging you extortionate costs and rates of interest. It’s provided as being a label that is white 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 significantly 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 brand brand New River Valleys, Freedom First is producing neighborhood financial vigor through their core effect banking programs for affordable housing, transport, monetary training, effect banking, and munity revitalization. Find out about Influence Services.