Coopera to Host Free Webinar for Credit Unions: Improving Financial Wellness by Bridging the Loan Gap
POSTED on May 4, 2020 IN Coopera
Webinar will provide credit unions with insights on why underserved members are drawn to predatory loans and ways to offer better alternatives
(Des Moines, Iowa – May 4, 2020) – Predatory loans are typically short-term, high-interest loans. They are misleading, unfair and have inflated charges and fees, leaving customers with damaged credit and unmanageable debt. Predatory lenders generally target minorities, financially uneducated individuals and those who are in need of immediate cash for unforeseen emergencies and do not qualify for conventional loans. Underserved and immigrant communities are prone to be drawn to predatory loans when unexpected expenses arise.
To enable credit unions to better serve their members, Coopera is teaming up with QCash Financial, a purpose driven FinTech firm that empowers financial institutions to improve financial wellness of the communities, to host a free, one-hour webinar. The webinar will cover why minority members are more likely to take out predatory loans and the importance of offering predatory loan alternatives such as small dollar loans.
This public webinar, Improving Financial Wellness by Bridging the Loan Gap, will be held May 13 at 11:00 a.m. (CST). Coopera CEO Víctor Miguel Corro will host the webinar with guest Ben Morales, CEO of QCash Financial.
Participants must register for this webinar online by May 12, 2020.
Webinar: Improving Financial Wellness by Bridging the Loan Gap
Wednesday, May 13, 2020
11:00 a.m. CST
Coopera (ko-pair-a) is a full-service Hispanic market solutions company working with credit unions nationwide. Coopera’s dedicated bicultural and bilingual personnel work closely with clients to assess their needs and create growth strategies designed to increase Hispanic membership, revenue growth and loan volume. Coopera specializes in developing long-term partnerships with clients as they transition from the early stages of discovery to a best practice credit union. Founded by the late Hispanic community activist Warren Morrow, Coopera is owned by Affiliates Management Company, the holding company of the Iowa Credit Union League and is an exclusive strategic alliance partner of the Credit Union National Association. For more information, visit www.CooperaConsulting.com.
About QCash Financial
QCash Financial is a purpose driven FinTech firm empowering financial institutions in their quest to improve the financial wellness of their communities. QCash Financial believes in a culture that inspires and is rooted in the foundation of well-being, innovation and growth. QCash Financial believes in people helping people and are strengthening the financial future of families and the communities they live in by offering inclusive products designed to expand economic security and opportunity. For more information, visit www.qcashfinancial.com.