How Credit Unions Can Justify APRs over 18% for Small-Dollar Loans

Credit unions offer many types of loans, most of which cap well below an 18% APR. Read on to learn why higher interest rates make sense for small-dollar loans.

What Are the Regulatory Implications of Implementing a Small-Dollar Loan Program?

The American financial regulatory landscape is preparing for massive changes to small-dollar lending programs. What does this mean for your credit union?

How Do Most Credit Unions Currently Offer Small-Dollar Loans

Regardless of obstacles, credit unions should still consider offering small-dollar loan services to their members. While the quick loan industry’s reputation was tarnished by predatory lenders, the service itself is increasingly necessary.

What are the Most Common Reasons Credit Union Members Use Small Dollar Loans?

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.

How Do QCash Small Dollar Loans Help Member Health?

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 […]

What is a Small Dollar Loan?

If you think credit unions and banks should only make large dollar loans because small dollar loans are too inefficient – then this post is NOT for you!   However, if you think you are missing a key segment or want to help your members day to day – then read this post to learn about […]

Why did WSECU Start Offering Small Dollar Loans?

Why did WSECU start offering small dollar loans?  How did QCash begin? It’s an excellent story about a front line employee living the motto of people helping people. Our story begins when a teller at Washington State Employees Credit Union, the credit union that owns our CUSO, that members were coming into the branch repeatedly for […]