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Pay day loan alternative CUSO XtraCash saves CUs and…
Pay day loan alternative CUSO XtraCash saves CUs and members $2.8 Million
Contact: Lon NeofotistManaging DirectorXtraCash, LLC(913) 310-9292Lneofotist@xtracashllc.com
Lenexa, Kan. (March 3, 2011) – XtraCash, LLC, a payday financing alternative CUSO, announced their partner credit unions and people spared over $2.8 million, between 2007 and year’s end 2010.
Since its March 2007 launch in 2 branches, XtraCash processed almost 24,000 loans with a total loan valueof over $9.1 million. XtraCash has exploded to provide 23 branches based in Kansas, Missouri and Florida, andcontinues its intends to expand for the U.S. where permitted by legislation.
“An estimated 30 million U.S. households are either unbanked or underbanked, depending on alternativefinancial solutions. A majority of these calculated 60 million grownups are credit union users,” said Lon Neofotist,XtraCash’s handling director. Read more “Pay day loan alternative CUSO XtraCash saves CUs and members $2.8 Million”