BCU partners with QCash Financial to launch Express Loan
By Pavithra R
BCU, a purpose-driven organization that empowers people to discover financial freedom, has announced the launch of Express Loan, a new small-dollar loan solution offering members short-term loans from $500 to $2,000 as an affordable and accessible option to help with unplanned expenses and short-term borrowing needs.
Express Loan leverages QCash Financial’s white-label, digital small-dollar lending platform and uses the member’s relationship with the Credit Union to make a quick lending decision with no credit report required.
“BCU is committed to empowering our members to discover financial freedom. Together with QCash Financial, we are providing BCU members with a safe, affordable, and responsible loan solution for the challenges of real life,” said David Brydun, Vice President of Lending at BCU.
Express Loan is built to help members develop and improve their credit scores and offers a better solution to high-cost payday loans and other expensive borrowing options for a brighter financial future.
“BCU puts its members first in everything they do. Offering responsible lending products to manage the surprises that life hands all of us is an important tool in helping members to improve their financial well-being. We’re pleased to partner with the BCU team to support their member-first mission and help their members to grow in financial confidence at a time when it’s needed most,” said Ben Morales, QCash Financial CEO.
Founded in 2015, QCash Financial builds resiliency and stability with small-dollar, short-term credit lending and financial wellness services. It provides resources for credit unions (CUs) to boost their members’ financial wellness through its intuitive and automated small-dollar lending products.
IBSi Daily News Analysis
November 29, 2023
How Financial Cybersecurity landscape will evolve in 2024 with banking Trojans and direct payment attacksRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage