Members First Credit Union Partners With QCash Financial to Drive Financial Inclusion
QCash Financial announced that Members First Credit Union, based in Midland, Michigan, has become a new client of its digital small?dollar lending platform.
QCash Financial, a relationship?based lending platform wholly owned by Alloya Corporate Federal Credit Union, enables credit unions to offer small?dollar loans using members’ account relationships rather than traditional credit scores. According to QCash, the platform allows eligible members to access loan decisions in less than 60 seconds.
Through the partnership, Members First Credit Union will be able to expand access to small?dollar lending for members who may not qualify for traditional loan products.
“We are thrilled to welcome our newest client, Members First Credit Union,” said Tracy Lafferty, Chief Executive Officer of QCash. “We look forward to working together to expand small-dollar lending and drive financial inclusion in their community.”
“At Members First Credit Union, our mission is to meet members where they are and provide access to financial solutions that truly support their lives,” said Carrie Iafrate, President and CEO of Members First Credit Union. “Partnering with QCash allows us to expand access to responsible, small-dollar lending while removing barriers that often stand in the way. This is another meaningful step in our commitment to well?being and inclusion for our community.”
Members First Credit Union serves more than 67,000 members in the Midland area and was founded in 1936. The credit union offers a range of financial products and services focused on affordability and community support.
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