Premier America Credit Union Launches Easy Cash Loans For Members
As banking deserts rise and consumers’ need for safe and responsible loans to manage unexpected expenses increases, Premier America Credit Union recently began offering Premier Easy Cash loans to its members in Southern California and Houston, Texas.
These small-dollar loans help members currently using high-cost, alternative lending options, giving them peace of mind in their time of need. The loans can be used to pay for emergencies, when quick cash is needed, or just when there is a temporary income shortfall.
“As we continued to learn from our members and understand their needs, we saw a gap in access to fast and easy cash,” said David Fitzgerald, Premier America Chief Lending Officer. “The credit union is well-positioned to help meet these credit needs in a secure and affordable way.”
Applying and getting access to the funds is easy. The application takes 90 seconds in the Premier America banking app, and decisions are immediate: 24 hours a day, seven days a week. The funds become immediately available to the member. These loans do not require a credit check and may help build credit history.
Stephanie Moreira, VP, Consumer Lending at Premier America, was pleased to be able to bring this member benefit to market and led its implementation. “With the rise in the under- and unbanked in our community, Premier Easy Cash is one way we are focused on bridging that gap, promoting financial well-being, and ensuing that we are more than just banking. We are here to help and support our members throughout their financial journey.”
Premier America partnered with QCash Financial to bring the product to market. Their online banking provider, Q2, also provided the technical tools to bring this product to market in an easy and seamless way.
These small-dollar loans help members currently using high-cost, alternative lending options, giving them peace of mind in their time of need. The loans can be used to pay for emergencies, when quick cash is needed, or just when there is a temporary income shortfall.
“As we continued to learn from our members and understand their needs, we saw a gap in access to fast and easy cash,” said David Fitzgerald, Premier America Chief Lending Officer. “The credit union is well-positioned to help meet these credit needs in a secure and affordable way.”
Applying and getting access to the funds is easy. The application takes 90 seconds in the Premier America banking app, and decisions are immediate: 24 hours a day, seven days a week. The funds become immediately available to the member. These loans do not require a credit check and may help build credit history.
Stephanie Moreira, VP, Consumer Lending at Premier America, was pleased to be able to bring this member benefit to market and led its implementation. “With the rise in the under- and unbanked in our community, Premier Easy Cash is one way we are focused on bridging that gap, promoting financial well-being, and ensuing that we are more than just banking. We are here to help and support our members throughout their financial journey.”
Premier America partnered with QCash Financial to bring the product to market. Their online banking provider, Q2, also provided the technical tools to bring this product to market in an easy and seamless way.