How credit unions can maximize financial inclusion for members

Here is a statistic to grab your attention: 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 in the United States, 138 million adults, […]
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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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