OLYMPIA, Wash.–The CUSO QCash Financial and Inclusiv said they have entered into a partnership to make it easier for Inclusiv’s network of over 450 community development credit unions to offer safe and affordable small dollar loans.
“The QCash technology facilitates life event, specialty, and emergency response lending that uses relational data rather than credit score or credit report for underwriting and provides small dollar loan funding in under 60 seconds,” the organization said.
“We are proud to partner with QCash to bring their small dollar lending technology to our network. QCash’s platform can significantly reduce friction in the lending process and will allow more of our CDCUs to offer safe and affordable small dollar loans to their members,” says Cathie Mahon, president and CEO of Inclusiv. “By using QCash, CDCUs will be able to take on predatory lenders in their communities and help improve the financial health of CDCU members.”
Added QCash Financial CEO Seth Brickman, “QCash is very excited to be collaborating with Inclusiv. This partnership represents an opportunity for QCash to reach the CDFI communities that really need help for life’s unexpected events.
‘Easy to Implement’
According to the company, QCash life event loans are an easy-to-implement solution that provides credit unions another way to practice financial inclusion, serve the underbanked, and allow credit unions to say “yes” more often since it uses QCash’s patented relational underwriting rather than traditional credit scores.
The organizations said the partnership was established through Inclusiv/Technology, an initiative that partners with mission-aligned fintech providers to develop, test, and scale innovative products and services that enable CDCUs to deliver efficient and measurable high-impact financial services and products.
Are You Missing Out?
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And 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.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com