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Quick Cash: The Best Alternative to Cash Advancement Institutions

Quick Cash (QCash) is an alternative solution for emergencies instead of going to a cash advancement institution. The process is fast, easy, and doesn’t require a credit check!

Why Traditional Cash Advance Institutions are Not Always the Best Option

According to a 2023 emergency savings report, only 43% of adults will pay for a $1,000 unexpected expense with their savings. Less than half of adults have money set aside to use in an emergency. Whether you need money fast to pay for a car repair, to pay bills or something else that comes up, we have a solution for you. When you’re in a financial bind and need cash fast, cash advance institutions may seem like the most convenient option. However, traditional cash advance institutions may require a credit check or collateral, which is timely and can make it difficult for those with poor credit to qualify. Fortunately, there is another option that can help you get through your financial emergency with ease.

empty wallet
woman holding cash

What is QCash and How Does it Work?

Launch CU’s QCash Loan provides quick access to funds to help members manage short-term borrowing needs or unplanned expenses. Members can go on their digital banking app anywhere, anytime to apply for a Quick Cash loan of up to $1,500. Since there is no credit pull and loan qualification is based on the member’s good standing and deposit history, turnaround time is fast hence the name Quick Cash.

Tips for Managing Your Finances

While quick cash can be a helpful tool in times of financial need, it’s important to use it wisely. Here are some quick cash tips for managing your finances:

  • Only borrow what you need
  • Don’t use Quick Cash to cover long-term debts
  • Create a budget to manage your finances
  • Pay off your debts as quickly as possible

By following these tips, you can use quick cash to improve your financial situation without getting trapped in a cycle of debt.

Creating a budget

How to Apply for a Quick Cash Loan

From a Mobile Device

  • Login to your digital banking
  • Click “More” on the bottom right-side of your device
  • Select “Account”
  • Click on “Quick Apply” from the dropdown menu
  • If you qualify, you will see “Quick Cash”
  • Select and follow the prompts

From a Desktop

  • Login to your digital banking
  • Hover your cursor over “Accounts”
  • Select “Quick Apply” from the dropdown menu
  • If you qualify, you will see “Quick Cash”
  • Select “Apply Now” and follow the prompts

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Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).

APR = Annual Percentage Rate. Rate as low as 22.308% APR (rate includes $25.00 Finance Charge Fee). Loans subject to credit approval. The rate you pay will be based on the approximate term. Payment and term affected by amount financed. Savings account required for a loan. To qualify, you must be a member of Launch for a minimum of 6 months, must have direct deposit, and must not have any current unsecured loans or lines of credit open. Only a $5 minimum deposit required to open an account and become a Launch CU member. You can open an account if you live, work, worship, or attend school in one of the counties we serve.

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