5 American Populations Struggling with Financial Wellness

We covered stress’s effect on our overall health in our last blog post, but there’s a further point to be made about specific segments of American society who are affected most. A FINRA Foundation study revealed that despite the recovery from the financial crisis this last decade, particular populations continue to be worse off. These include...
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What is a small dollar QCash loan?

If you think credit unions and banks should only make large dollar loans because small dollar loans are too inefficient, then this post is NOT for you! If you think you are missing a key segment or want to help your members day to day, then read this post to learn about small dollar loans!
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Are QCash and payday loans the same thing?

Unexpected things come up in life. Car repairs, medical emergencies, and other expenses that must be taken care of seem to pop up at the worst time. Most Americans live paycheck to paycheck. While some people do have savings accounts, they may not have enough money saved to take care of a huge bill from the mechanic or emergency room...
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If Not Us, Who? Reacting to the Decision on CFPB Payday Lending.

The Consumer Financial Protection Bureau recently released its finalized CFPB payday lending rule that will make it very burdensome for lenders to offer loans with an interest rate higher than 36 percent APR and with a loan term shorter than 45 days after July 2019, when the rule goes into effect. This ruling will have a profound impact...
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The importance of promoting small dollar lending and employee wellness.

In a recent Prudential survey regarding consumers’ perspectives on financial wellness, only 22 percent of individuals in the United States described themselves as feeling financially secure. Employers such as credit unions have a stake in this because the impact of employee financial instability does not stop at the company door. Many credit unions were and continue to be founded to serve groups of people who had a common interest or bond, such as an employer.
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