How can your credit union improve its position to apply for a CDFI grant?

Just last week on June 5, great news reached the United States’ credit union community. The United States Treasury announced they had awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFI).   The grants were provided through the Treasury’s Community Development Financial Institution Rapid Response Program (CDFI RRP) and provided appropriate capital for CDFIs to address […]
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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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CX, FinTech, and FinLit: Credit Union Trends To Look For In 2020

There were some cliffhangers to end 2019 going into 2020 in the small dollar loan industry. From credit unions’ slow-but-steady cloud adoption strategies, fintech, and marketing automation. And who can forget the Consumer Financial Protection Bureau’s pending decision to rescind its own underwriting “ability-to-repay” requirement. Like any forward-thinking credit union leader or executive, you have […]
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QCash Financial CEO, Ben Morales

2019: A Year In Review

As I reflect on the past year, I am filled with a sense of deep gratitude. As a company, we continue to grow and expand our reach which has resulted in wonderful opportunities to change more lives. 2019 has been a building year for us. Similar to a sports team developing and building players for the future, we added new players, upgraded systems, streamlined some of our processes, and helped clients navigate the changing world of banking. Let’s look at…
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QCash Financial’s Heidi and Amanda Talk New Version 6.7

William Pollard once said, "Learning and innovation go hand in hand.” We focus on that mindset every day to deliver the best small dollar lending product possible to our clients. And we have listened to our clients, who have given us great ideas on how to simplify and continue to evolve our platform. Our latest upgrade, version 6.7, is designed to...
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5 American Populations Struggling with Financial Wellness

We covered the stress 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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