Emergency Loans
Before disaster strikes, QCash empowers your credit union to be the first point of contact in a crisis. This means your member can go from a dire financial need to receiving funds in their credit union account in less than 60 seconds.
Not only does QCash’s platform integrate directly into your credit union’s digital banking platform, making emergency funding fast and frictionless, it’s also affordable and responsible for members that can’t rely on mainstream financial services for help. QCash leverages patented relational underwriting – not credit score – opening doors for individuals who might otherwise turn to a predatory source for emergency funding in their time of desperate need.
How QCash’s current credit union clients leverage Emergency Loans to better support their members:
- Hurricanes
- Tornadoes
- Wildfires
- Health epidemics
- Government shutdown
Eric needs to evacuate as a hurricane barrels toward his hometown. Without family nearby, he reserves a hotel in a town eight hours away, clear of the hurricane’s path. Now facing a 600-mile drive, he knows he will overdraw his account when he fills his gas tank. Knowing it’ll be days, if not weeks, before his next paycheck, Eric is questioning if he can afford to leave home.
What’s Eric to do?
With a QCash Emergency Loan, you can help members like Eric stay safe before disaster strikes.
QCash is for more than natural disasters. Whether members are facing an unexpected auto repair or bracing for back-to-school shopping, QCash helps your credit union serve all members, no matter the need. Together, we can make small-dollar lending easier and more accessible for everyone.
The secret sauce to a successful small-dollar loan program? Marketing to your members. QCash makes advertising easy with an array of premade marketing tools and templates that are customizable yet hassle-free.
It was very easy to activate. Once we determined the impact of the storm to our area, we ‘turned on’ our QCash Disaster Relief Loan.