QCash Financial has announced their partnership with Las Colinas Federal Credit Union (LCFCU) to automate the manual process to the Irving, Texas, -based credit union’s life event lending program using the QCash platform.
“LCFCU is excited to work with and incorporate QCash’s automated mobile life event lending platform into our system,” says Kevin Scott, CEO for LCFCU. “Thanks to QCash, we foresee our new and enhanced mobile small dollar lending solution to be a core feature to improving our members’ access to more fast and affordable credit.”
“QCash is so proud to offer a solution that enables LCFCU individuals and families in and around Irving the chance to improve their financial health and well-being,” says Seth Brickman, QCash Financial CEO. “Improving access to affordable credit for underserved individuals allows them the opportunity to take care of life’s unexpected emergencies and get back on the path to better financial stability.”
QCash’s platform hosts an automated, fully-configurable mobile life event loan program featuring their “under 60 seconds” application process that includes decisioning and deposit into the applicant’s account. Using its relational underwriting algorithm, the QCash platform allows for a more in-depth and detailed 360-degree evaluation process that accounts for more than the applicant’s simple credit score.