BCU
- Leveraging today ’ s tech for tomorrow ’ s well-being
Here Today For Your Tomorrow Driven by its tagline , ‘ Here Today For Your Tomorrow ,’ BCU offers innovative resources to members while supporting employees through growth and opportunities . Mike Valentine , president and CEO , shares a shining example of how BCU helps members leverage today ’ s tech for tomorrow ’ s well-being .
“ Annually , BCU hosts a roundtable with Company Partners to share information and garner valuable insight into their best practices while gaining a better understanding of their employees ’ needs .” “ High-rate payday loans and lack of overdraft protections were issues affecting members ' financial well-being that BCU needed to solve . To tackle this problem , we partnered with QCash Financial to roll out an express loan product that allows members to get quick approval and access to funds without requiring traditional underwriting criteria or a credit report screen .”
“ Instead , we utilize BCU ' s internal data on spending and deposit habits , as well as the member ’ s banking history to serve as the underwriting criteria for the loan . This provides members with quick approval and access to funds while building credit and saving versus other high-cost alternatives . By partnering with QCash , we ’ re able to offer this as a fully digital experience .”
In less than 60 seconds , a member can apply for an express loan by answering six
“ It ' s exciting to see our partnerships strengthened as we work together to succeed in this environment ”
MIKE VALENTINE PRESIDENT AND CEO BCU
106 May 2021