The Importance of Promoting Financial Health and Employee Wellness.

Many credit unions are responsible for the financial health and employee wellness of two employee groups: their own employees and the employees of their SEG sponsors. It only makes sense then that these credit unions should promote financial wellness among both employee groups. Financial hardship has a negative impact on employee productivity in the short-term, […]

Does QCash Help Provide Military Members Payday Loans?

Credit unions that serve military members can be assured that QCash, the short-term, small-dollar lending platform, offers compliant loans that meet military and Consumer Financial Protection Bureau (CFPB) regulatory requirements, especially for the military select employee group (SEG). So if you want to provide Military Members Payday Loans, this post is for you. CFPB requirements state: […]

Payday Loans Good or Bad for Borrowers?

One of the most common questions we hear from credit union and bank executives is “Are payday loans good or bad?” Payday lending has a very negative reputation, but we’ve found those who irresponsibly use small dollar loans are the exception, not the rule.  The reality is that consumers use QCash loans to meet […]

The Four Elements of Financial Well-Being According to the CFPB.

The CFPB or the Consumer Financial Protection Bureau recently published a report titled “Financial Well-Being in America” that discusses the four elements of financial well-being, and how Americans of different income levels display varying levels of financial wellness. Two of the CFPB’s most important conclusions from the study are that “savings and financial cushions provide […]