credit unions fintech financial inclusion

How choosing the right fintech partnership is a recipe for credit union innovation

What a decade in financial technology can do.  What was once defined as alternative lenders or direct-to-consumer “disruptors” in industry-speak, fintech has evolved along with the financial services industry to include any technology company that creates and solves for creative solutions for financial institutions, including credit unions.  The original target of fintech in the last […]
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credit unions small dollar lending

Study finds fintech offers lending promise rather than missed opportunities for credit unions

Sometimes the effort credit unions take to protect themselves creates the opposite effect. The effort itself harms the organization’s best interests and the interests of those you dedicate yourselves to helping.  A recent study by Filene Research and credit reporting agency TransUnion found that as credit unions have tightened lending standards during this uncertain era […]
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credit unions hurricanes wildfires

Regulatory agencies encourage CUs to meet communities’ needs in response to CA wildfires and Hurricane Ida

All four federal regulatory agencies – the National Credit Union Administration, the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation – have once again released separate joint statements encouraging financial institutions to “meet the financial services needs of their communities” in or near the two major disasters […]
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credit unions financial inclusion

How credit unions can level up on financial inclusion

The last year and a half has proven both the inevitability and acceptance that has come with the digitization of the economy in the United States during and after COVID.  Since March of 2020 the tide of consumer online purchasing has come in, and we have shown no sign of returning to the pre-pandemic, brick-and-mortar […]
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CUNA credit union small dollar loans

Mr. Nussle goes to Washington

There has been a great fallacy permeating popular media over the last few years about the credit union movement and its growth through the acquisition of banks. Bank associations have pushed heavily on an inaccuracy (falsehood?) that their own institutional members are being “bought up by” <insert GASP! here> member-owned credit unions. Following a moment […]
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credit unions financial inclusion

How credit unions can maximize financial inclusion for members

Here is a statistic to grab your attention: According to a Financial Health Network study, underserved consumers spent $189 billion on fees and interest across five financial product categories in 2018 that included short-term credit. It shouldn’t come as a surprise when the Center for Financial Services Innovation (CFSI) estimates that 57 percent of consumers […]
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credit unions

How CDFIs represent what is possible for underserved communities

“CDFIs, at the heart of it, are community lenders. If you think about where banks step out, CDFIs step in. They deliver responsible capital where it is needed in a very place-based, community-first approach. Most CDFIs are nonprofits and there is tremendous alignment around ensuring their borrowers are successful. They win when community wins.”  Catherine Berman, […]
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How Your Credit Union Can Join the Fight for Financial Inclusion

The fight for greater financial inclusion and stability in America has begun for millions of consumers following the pandemic that has pervaded industries, neighborhoods, and families in fundamental ways.  According to Pew Research in March 2021, about 50 percent of all adults who are not retired claim the pandemic has made it harder for them to reach […]
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Access to Small Dollar Lending Increases with Financial Inclusion Bill

Financial access to America’s economically underserved communities may have just received a big legislative boost.  The Credit Union National Association (CUNA) wrote a letter to the House Financial Services Committee leadership on June 8, 2021, fully backing the proposed Expanding Financial Access for Underserved Communities Act, an amendment to the Federal Credit Union Act. During the May hearing, […]
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How Financial Literacy Positively Impacts Members

April is Financial Literacy Month, and QCash Financial is proud to join the chorus of organizations and individuals dedicated to the importance of establishing healthy and consistent personal finance habits for consumers and their families. It’s a great time for credit unions to shine. They are committed to the benefits and details members care about; […]
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