Specialty Loans
Credit unions have always provided holiday and calendar-based specialty loans for their members. Now offer these loans with no staff involvement. QCash enables your credit union to offer seasonal loan specials more conveniently for your members, less labor-intensively for your staff and more inclusively for those that might not otherwise qualify due to poor credit or lack of credit history.
At the push of a button, your credit union can empower members to receive funds in their credit union account in less than 60 seconds from the convenience of your credit union’s digital banking platform, no matter the time of day or night. QCash’s patented relational underwriting streamlines the process so funding is quick and hassle-free for everyone.
How QCash’s current credit union clients leverage Specialty Loans to better support their members:
- Back-to-school shopping
- Holiday shopping
- Tax season relief
- Home improvement
- Family vacation
Katie and Steve are looking forward to sending their kids back to school. That is, until they see the school supply lists. With the lists growing longer each year, Katie and Steve determine they need a Plan B to afford the required supplies for their two kids. They debate tapping into their emergency savings, putting it on a credit card or trying a “Buy Now, Pay Later” solution…
What are Katie and Steve to do?
With a QCash Specialty Loan, you can help members like Katie and Steve during especially expensive times of the year.
QCash is for more than just seasonal needs. Whether members are facing an unexpected auto repair or bracing for an incoming hurricane, QCash helps your credit union serve all members, no matter the need. Together, we can make small-dollar lending safer, 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.
My advice to credit unions is if you don't have small-dollar loans, and I mean really small, like under $5,000, then you need to figure that out. Because they're [your credit union members] already doing it with someone else…