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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 it is partnering with Freedom First Credit Union to supply short-term, small-dollar pay day loan alternatives to credit union people through its QCash item.
Making use of QCash FinancialвЂ™s item suite, Freedom First can provide an affordable financing choice to users whom otherwise might depend on expensive solutions like conventional pay day loans to pay for unforeseen costs. QCash is definitely a automatic lending that is digital and makes use of the memberвЂ™s credit history using the standard bank to underwrite, approve and fund the mortgage in less than 1 minute. The costs and prices connected with QCash loans are considerably below those charged by conventional lenders that are short-term.
вЂњOur mission at Freedom First is people that are helping 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 these are generally 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 perhaps not just a credit history.вЂќ
вЂњFreedom First knows just just exactly how essential use of money is actually 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 could be a effective part of going users toward enhanced economic wellness. Freedom First appears down for the people munities that require their solutions the absolute most, and weвЂ™re proud to be a partner using them.вЂќ
The QCash loan platform was developed 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 recharging exorbitant costs and rates of interest. It really is provided as being a white label solution to finance 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 users and $533 million in assets and it is headquartered within the Roanoke, Virginia. With 10 branches in Roanoke and brand New River Valleys, Freedom First is producing regional financial vigor through their core effect banking programs for affordable housing, transport, monetary training, effect banking, and munity revitalization. Find out more about Influence Services.