Remember when credit unions were the place to go for small balance, short-term loans? Unfortunately over the years the costs associated with underwriting and offering these loans became cost prohibitive. XtraCash, LLC offers you a 100% risk-free, payday lending alternative which serves as a non-interest income generator. The XtraCash program is a web-based system which allows you access to the program 24/7. The program is a comprehensive turn-key operation including software, underwriting, collections, servicing and training opportunities. XtraCash incurs any loan loss.

By participating you gain the security and safety of working with a CUSO-owned payday lending alternative. It is more effective and economical for you to collaborate with a CUSO to offer financial products and services on a cooperative basis. XtraCash utilizes one of the leading payday lending transaction systems used by five of the top 20 leading payday lenders. Individually your credit union might not be able to afford this program, XtraCash provides it for you.

Your members receive a low-cost loan alternative to traditional payday lenders. The application process is fast and easy. The XtraCash program allows your members to regain control of their finances. The program is about empowering your members to avoid the traditional payday lending cycle, and transitioning them back into the mainstream credit union products and service. XtraCash encourages credit unions to offer financial education opportunities to their members. Participation in the educational process can lower the fees the member pays, depending on state laws. We recommend Educated Investor for financial education resources.