Enjoy the clip above and watch the entire episode below.
Leave it to these two forward-thinking organizations to come up with a progressive, small-dollar loan solution for credit unions to help their members avoid and/or escape the payday lending trap. The product, by BCU and QCash, is called Express Loan, offering members short-term loans from $500 to $2,000 as an affordable and accessible option to help with unplanned expenses and short-term borrowing needs.
We invited Ben Morales, QCash Financial CEO, and David Brydun, Vice President of Lending at BCU, on the show to share Express Loan's backstory, as well as how BCU is rolling it out to its members and how it works, what pain points they answering with it, future plans, and much more.
Check it out and let us know your thoughts. And watch the whole episode below for all the details.