Implementing a small-dollar loan program at your credit union has numerous benefits. But what about the possible negative of being viewed as a predatory lender?
Implementing small-dollar loan programs at credit unions affects more than just low-income members. Read on to learn who small loans can help.
Most short-term lenders have developed a negative reputation. How can credit unions successfully combat the stigma against small-dollar loan programs?
Most credit union small-dollar loan programs assist people who are too cash-strapped to make large purchases. Can quick loans convert short-term borrowers into traditional ones?
During emergencies and disasters, resources are tight. Should credit unions offer quick small loans to their members?
Small-dollar loan programs from credit unions can help their members during difficult times. Learn more to find out how you can make this service known to your credit union community.
Without a buffer of money in a savings or deposit account, most Americans are in danger of running out of money at the first setback.
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? We understand that financial health means different things to different […]
QCash Loan or Payday Loans July 26, 2018 Unexpected things come up in life. Car repairs, medical emergencies, and other expenses that must be taken care of seem to pop up at the worst time. Most Americans live paycheck to paycheck. While some people do have savings accounts, they may not have enough money saved […]
Many credit unions are responsible for the financial health and employee wellness of two employee groups: their own employees and the employees of their SEG sponsors. It only makes sense then that these credit unions should promote financial wellness among both employee groups. Financial hardship has a negative impact on employee productivity in the short-term, […]