The coronavirus pandemic has created an environment none of us would have ever imagined. The one thing that hasn’t changed, however, is the unwavering commitment credit union teams have to supporting members by providing financial hope. There are people everywhere who need their credit union now more than ever – people who are going to need financial hope, and help, as they navigate their way through these uncharted waters.
COVID-19 is affecting our way of life. It’s disrupting families, communities and industries It’s creating stress for many. All of us who work with credit unions to support members recognize relief that offers our customers financial stability is going to be necessary. Towards this end, we have created a new program for 2020 that will provide your customers with financial relief.
QCash Financial COVID-19 Financial Relief Program
Who is the QCF Financial Relief program for?
The QCash Financial (QCF) COVID-19 relief program is for U.S.-based credit unions looking for a responsible, short-term credit solution to offer their members who need access to instant liquidity during this pandemic. Canadian credit unions are served through our partner, Celero.
What is the QCF Financial Relief Program?
Our automated, white label platform is connected to your credit union’s core mobile banking system and uses a relationship-based underwriting engine (not a credit score) to make instantaneous loan approval decisions. Loan amounts, terms and fees are fully-configurable by your credit union and personalized to your member to deliver a unique experience. It’s a program designed to offer your customers financial hope.
How does the QCF Financial Relief Program work?
Through the end of 2020, we are waiving all fees* associated with this program for qualifying credit unions that use these core banking systems:
It’s in uncertain times when we have the opportunity to band together and do our part to persevere and offer financial stability to our customers. More information is available on our COVID-19 Relief Program Resources page.
With care and support,
Ben Morales, Chief Executive Officer