QCash Financial and USALLIANCE Financial announce joint effort

QCash Financial today announced that it will partner with USALLIANCE Financial (USALLIANCE) to offer short-term, small-dollar loans to credit union members through its QCash product.

Demand for these loans is expected to grow significantly as the Consumer Financial Protection Board (CFPB) moves to diminish predatory loan practices by limiting access to payday lenders and encouraging consumers to seek alternatives from trusted financial institutions. QCash, an automated lending platform, utilizes the member’s financial history with the financial institution to underwrite, approve and fund the loan in under a minute. The fees and rates associated with QCash loans are substantially below those charged by traditional short-term lenders.

“We are eager to offer this new product especially given our commitment to providing our members of modest means the products needed to help to them achieve financial stability,” said Kris VanBeek, president and CEO of USALLIANCE.

“Visionary credit unions such as USALLIANCE are quick to recognize that the action by the CFPB creates a market niche in the lending arena in need of a solution,” said Ben Morales, CEO of QCash Financial. “The QCash platform is the ideal tool to fill that need.”

Credit unions interested in implementing QCash may participate through the Filene Research Institute’s Reaching Minority Households incubator initiative. For more information, visit (

About USALLIANCE Financial

USALLIANCE Financial is a member-owned, not-for-profit financial institution offering a full range of checking, savings and loan products. Since its inception in 1966, USALLIANCE has grown to over $1 billion in assets and serves more than 90,000 members across the country. For more information, please visit

About Filene Research Institute

Filene Research Institute is a U.S.-based nonprofit consumer finance think and do tank dedicated to scientific and thoughtful analysis about issues affecting the financial services industry. The Institute was founded more than 25 years ago and has currently has over 1,500 members. For more information, please visit and @fileneresearch.

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