credit union Archives - QCash Financial Digital Lending Platform

Credit Union Health, or Member Financial Health? Placed at 36 Percent APR, Why Not Both?

As the financial services industry and federal regulators in Washington D.C. continue to debate the issue of interest rate (APR) deregulation on short term, small dollar lending, the fight continues for advocates pushing the implementation of the 36 percent rate cap. Their delay comes with a significant economic price – 12 million vulnerable Americans and […]

Why Today’s Credit Unions Cannot Allow “Loss Aversion” to Hold Them Back from Small Dollar Lending Success

Credit Unions

It’s been said over the decades that credit unions (CUs), like many people, tend to operate more conservatively by nature; their tendency to focus on the losses that could occur rather than the opportunities that may bring about further financial successes for their organization. When it comes to small dollar lending (SDL) programs in this […]

How To Draw College Students To Your Credit Union

Uncategorized

So it’s clear Royal Credit Union gets it. Profiled in PYMNTS in early 2018, the Wisconsin-based credit union sets up a banquet table in the cafeterias at each of 17 elementary school locations and, with the assistance of fourth and fifth graders, offers financial services to fellow children and staff. These “school-site” credit unions provide […]

How do QCash small dollar loans help member health?

Credit Unions

Payday loans have not been received very favorably recently, by either the general populace nor by the legislature. And yet, at QCash, we still see small dollar loans as an important aspect of credit union member health. Why do we continue to hold this viewpoint?

Buy vs build?

CEO

I'm often asked, "Why wouldn't a credit union just do this on their own versus using the QCash platform?"

The four elements of financial well-being according to the CFPB.

Community

The CFPB or the Consumer Financial Protection Bureau recently published a report titled “Financial Well-Being in America” that discusses the four elements of financial well-being, and how Americans of different income levels display varying levels of financial wellness. Two of the CFPB’s most important conclusions...

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Tag: credit union