NAPERVILLE, Ill.–QCash Financial, a wholly owned CUSO of Alloya Corporate FCU, said it has now facilitated its one-millionth loan through credit unions across the United States.
Lansing, Mich.-based Astera Credit Union funded QCash’s one-millionth loan. To mark the milestone, QCash and Alloya are donating $10,000 to the charity of Astera’s choice, with QCash saying its CEO, Seth Brickman, will also deliver lunch to the Astera Credit Union team as a thank-you for their partnership in serving the underserved in their community through Astera “Snap Cash.”
“We couldn’t be more excited to celebrate this milestone and all of our credit union partners who made it possible,” said Brickman in a statement. “It symbolizes tremendous progress in the fight for financial inclusion – ensuring more Americans stay out of predatory lending and have access to an affordable and responsible small-dollar lending solution from their trusted financial institution.”
Founded as CUSO Of WSECU
QCash was founded in 2015 as a wholly owned CUSO of Washington State Employees Credit Union and offers a lending platform that “empowers credit unions to improve the financial well-being of their communities by providing small-dollar loans to their members in under 60 seconds without the use of a credit score,” the company said.
QCash said its software-as-a-service (SaaS) offering automates the application process, integrating with the credit union’s core processor and digital banking platform to “reduce friction in the lending process, including making loans available 24x7x365 without any credit union staff involvement.”
“It’s a privilege to be celebrating this milestone alongside the QCash team and the 111 credit union clients that have made this millionth loan possible,” said Alloya CEO Todd Adams in a statement. “We look forward to the next million-plus loans that QCash and Alloya can facilitate together as we support our complementary missions to support credit union success and further financial inclusion.”
Are You Being Gouged for Bank-Like Subscription Fees for Old News? Here’s a CU-Like Way to Fix That
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?