FLINT, Mich.–Financial Plus Credit Union said it is now offering the “Greenlight Loan,” which it is describing as a unique quick-funded loan solution packaged with financial education.
The loan was developed in conjunction with CU NextGen, a CUSO that provides technology and automation solutions.
“Designed as a more compassionate, intentional and future-focused alternative to pay-day loans, Greenlight quickly provides funds to hardworking Financial Plus Credit Union members, along with in-branch financial counseling and online educational resources,” the organizations said. “CU NextGen and Financial Plus developed the program to help get financially struggling members on the path toward greater financial wellness and reduce reliance on higher-cost, predatory payday loans.”
No Credit Check
According to the organizations, the “innovative, automated” Greenlight loans will be made available to Financial Plus members without a credit check.
“Made possible through CU NextGen’s NoCode App platform, Greenlight will allow members to complete an easy online or app-based loan application and confirm funding any time day or night,” the credit union and CUSO said. “In only a few button clicks, members can see if they qualify for quick cash when they need it most. Approved members will receive loan funds within minutes in their credit union accounts.”
A ‘More Empowered Sense’
Added President and CEO Brad Bergmooser of the $803-million Financial Plus, “As a trusted financial partner, we’re committed to providing our communities with access to industry-leading products and services. Our members continue to work with us to reach a more empowered sense of fulfilling their banking needs through digital channels. To be there for them now and in the future, we’ve partnered with CU NextGen, a cutting-edge technology company that shares our member service focused mission. Financial Plus couldn’t be more excited about working with our friends at CU NextGen to further challenge industry standards and bring easy and customizable financial solutions to all those we serve.”
Added Kent Zimmer, CEO of CU NextGen, “Greenlight is a great example of how partnering with innovative technology can help credit unions get back to the core of the ‘people helping people’ credit union movement. It goes beyond simply helping a credit union provide traditional products and services, going further to facilitate meaningful change for members looking to transform their futures.”