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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 Financial’s item suite, Freedom First can provide a lending that is affordable to people whom otherwise might count on high priced solutions like conventional payday advances to pay for unanticipated costs. QCash is a automated electronic lending platform and makes use of the member’s credit history using the standard bank 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 conventional short-term loan providers.

“Our mission at Freedom First is people that are helping – helping munities thrive. And we also measure our value by easy online payday loans in Iowa just how much we surrender,” said Dave Prosser, Freedom First’s Senior Vice President of munity Development. “We take pride in fulfilling our people’ requirements appropriate where they’ve been to their economic journey, if they are only getting started or they require money administration choices during more difficult times. QCash Financial’s solution that is automated simple, fast, and bases underwriting decisions regarding the member’s relationship with us, perhaps perhaps not just a credit history.”

“Freedom First knows exactly how access that is important money is for breaking the period of financial obligation and attaining economic stability,” said Ben Morales, CEO of QCash Financial. “Small-dollar loans provide better prices and terms. Delivering money quickly to people is a strong step up going users toward enhanced health that is financial. Freedom First appears down for everyone munities that want their solutions probably the most, and we’re proud to become a partner together with them.”

The QCash loan platform was created in 2004 by WSECU following the credit union’s tellers noticed a significant amount of its people needed tiny, short-term loans from payday loan providers that have been charging you extortionate costs and interest levels. It really is offered as being a label that is white to finance institutions. To learn more, contact Ben Morales at bmoralesq-cash..

About Freedom Very First Credit Union

Freedom First Credit Union has significantly 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 regional economic vigor through their core effect banking programs for affordable housing, transportation, monetary training, impact banking, and munity revitalization. Find out more about Influence Services.