Tallahassee FCU now offers payday lending alternative
Tallahassee, Fla. (February 27, 2012) - Tallahassee Federal Credit Union is partnering with XtraCash, LLC, a credit union service organization (CUSO) based in Lenexa, Kansas, to deliver short-term loans to local credit union members.
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Payday loan alternative CUSO XtraCash saves CUs and members $2.8 Million
Lenexa, Kan. (March 3, 2011) - XtraCash, LLC, a payday lending alternative CUSO, announced their partner credit unions and members saved over $2.8 million, between 2007 and year's end 2010.
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Deregulation Sought On CU Payday Loans
ALEXANDRIA, Va. (July 7, 2010) - Credit unions are favoring NCUA's proposal to deregulate payday lending but say the agency should drop proposed requirements that could make it tougher to qualify for the short-term, small amount loans.
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XtraCash payday loan alternative CUSO saves CUs and members over $1.5 Million
Lenexa, Kan. (Apr. 12, 2010) - XtraCash, LLC, a payday lending alternative CUSO, recently announced they have saved partner credit unions and their memberships over $1.5 million.
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Op-Ed Letter to CU Times Magazine Applauding the NCUA for Recognizing Members’ Needs
Lenexa, Kan. (Aug. 3, 2009) - This letter underscores the reason why the CUSO, XtraCash, LLC, was formed. XtraCash's mission is to make a difference in the industry by providing credit unions with a risk-free, alternative to payday lenders, and to make a difference for the members by providing a lower cost alternative to payday loans, plus a pathway to financial stability.
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XtraCash Saves Members Over $234K in 2008
Lenexa, Kan. (Jan. 30, 2009) - XtraCash, LLC announced today that in 2008 alone, they saved credit union members over $234K in fees. Additionally, they processed approximately 5,000 loans with a total loan volume of over $1.9 million. Since its March 2007 launch, with two branches, XtraCash has grown to serve 13 branches in Kansas and Missouri, plus 8 branches in Florida.
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