Headquartered in Olympia, Washington

Every Story Has a Beginning

It all began in 2003 when a teller asked the CEO of WSECU why so many non-members were cashing member checks. It was discovered that many members were seeking small dollar loans from payday lenders. The interest rates on those loans all but locked low-income members into a financial tailspin.

In some instances it meant they needed additional payday loans to pay off the prior loan. In just over 6 months, they found that members had borrowed more than $6 million in payday loans, adding up to over $900,000 in fees over 12 months.

An Alternative was Invented

All those members needed was a short-term loan without the astronomical fees. Once the idea for a small dollar loan program was hatched, meetings ensued, whiteboards were filled with diagrams, and a 24/7 automated loan program was put to paper. The goal was to help members make ends meet when unexpected life events threatened their financial future — all without crippling fees.

What we finally created was an omnichannel, software-as-a-service application that uses a programming interface to integrate with your core financial, online banking and mobile banking platform. The underwriting is automated and the funding is instant.

Fast Forward Your Member’s Financial Freedom

In 2015, WSECU created a CUSO to bring small dollar lending to credit unions everywhere. Now, we’re ready to bring it to you and your members.

When life happens to your members, Life Event Loans help them stay afloat with a 24/7 access, no credit check, and instant deposits to their credit union account.

Give your members quick access to an unsecured loan for things like school expenses, vacations, and more. Or run special loan promotions for Amazon Prime Day, COVID relief, and natural disasters. Best of all, these loans are automated and frictionless for you.

Whether you want to offer a signature loan or a special pre-approved credit card offer, QCash can help make it happen with our 24/7 online application process.

QCash has been a great option for our members with many success stories! Caroline and Heidi are great ambassadors for QCash and always responsive and professional.

Shannon RedmondUS Alliance Financial

Start a New Story with QCash