TriState Products and Services partners with QCash Financial to give credit unions access to “life event loans” so they can help members when and where they need it.
TriState Products and Services is a collaboration with the Minnesota Credit Union Network, Montana Credit Unions and the Wisconsin Credit Union League. The three states work together to form strategic endorsement relationships with partners to help their credit unions better serve their members through partner education opportunities and joint marketing efforts.
QCash Life Event Loans is an easy-to-implement solution that provides credit unions with another service to practice financial inclusion and serve the underbanked. QCash Life Event Loans can provide the funds credit union members need, day or night. With just six clicks in 60 seconds, the funds are immediately deposited into their account. No credit checks and nothing more than a computer or smartphone to complete the super-simple process.
“QCash aligns perfectly with the credit union philosophy of ‘people helping people,’” said QCash CEO Seth Brickman. “This partnership with the Credit Union Leagues of Minnesota, Montana and Wisconsin is an important step in providing credit unions with the financial tools they need to benefit the lives of their members.
“By offering loans that are independent of traditional credit scores, QCash enhances the ability of credit unions to improve the financial well-being of their members,” said John Ferstl, Chief Operating Officer, Minnesota Credit Union Network.
“We are thrilled with this partnership which provides credit unions with a new way to live their mission and better serve the underserved,” said Brett Thompson, president and CEO of the Wisconsin Credit Union League.
Ranel Smith, Vice President of Relationship Management, Montana’s Credit Unions added, “We are excited to leverage the co-op model to help credit unions safely and efficiently provide loans to their members in times of need. .