Credit unions must level up with Gen Z
The numbers have come out, and Gen Z is still available for the taking. With just four percent of our youngest generation registering as members of a credit union, the cooperative movement still has a [...]
QCash Financial CUSO News Archives
Tell your credit union story on #ILoveMyCreditUnion Day!
Our nation’s credit union cooperatives are more than experienced to say the least when it comes to bringing financial health and foundational wealth to local communities. Credit unions bring over 100 years of member-owned [...]
Military service members keep finding financial peace with credit unions
For much of the last century, the proud credit union movement has played a vital role in supporting the financial interests of our United States military service members, veterans, and their families, in addition to [...]
MDI credit unions “essential” following banner 2022
Let’s just say it: minority depository institutions are having a moment, and we’re here for it. According to the NCUA’s recently released annual MDI report to Congress, findings revealed MDIs – representing one [...]
Studies reveal a racial wealth gap in financial literacy
Realizing financial literacy is an important part of wealth-building or even functioning in today’s world, but its fundamentals have failed to be passed along equally to all Americans. Achieving the American Dream – opportunities to [...]
How to give the underserved hope for financial inclusion
While credit scores may have a central role in deciding who qualifies for a given financial product at specific terms, let’s face it – the current credit system works against the financial inclusion opportunities of [...]
Embracing alternative data: Give the underserved hope for financial inclusion
While credit scores may have a central role in deciding who qualifies for a given financial product at specific terms, let’s face it – the current credit system works against a disproportionate population of lower-income [...]
The CUInsight Network podcast: Small dollar lending – QCash Financial (#59)
Thank you for tuning in to episode 59 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Member engagement is regressing, Gallup says
We all know the credit union movement will always have an advantage over banks – member engagement and service is always higher, and, effectively, better. Banks’ need to cater to shareholders on Wall Street doesn’t [...]
The challenge of credit card debt and six ways to fix it
Acting financially responsible in America today has come to mean “borrow and repay,” says Barbara Kiviat, economic sociologist at Stanford University. “It sort of crowds out the idea that maybe not borrowing in the first [...]
Overcoming CUs’ constraints for fintech CUSOs
By the end of the 2010s, adoption of digital fintech was relatively slow but steady, if a bit apprehensive. Credit union constraints and doubts remained common and unsure whether to view the emerging industry as [...]
Credit union liquidity fears give CUSOs the stage to shine
Whether it was the leftover effects of the COVID pandemic, inflation-related factors, or liquidity fears in the economy, small-dollar lending found itself in the limelight once again in 2022. New data from the National Credit [...]
As credit card debt hits new high, PALs reassert their value for credit union members
Monthly bills, unexpected emergencies, and the subsequent credit card debt have been known to surprise. Rent due, and your credit union member found themselves with more month than money; tire blows out on the freeway [...]
Hope delivers through early financial literacy
It is considered a rite of passage into adulthood for young Americans when they graduate high school. Leaving that nest of protection and going out in the world to create your own reality, fulfill your [...]
Low-income communities hit by Mississippi tornado the worst
The devastation was simply too much to bear. In a race to beat the EF-4 tornado bearing down on the small community of Rolling Fork, Mississippi, two weeks ago, Queen’terica Jones and her sister [...]