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) вЂ“ XtraCash, LLC, a lending that is payday CUSO, announced their partner credit unions and people conserved over $2.8 million, between 2007 and yearвЂ™s end 2010.
Since its March 2007 launch in 2 branches, XtraCash processed almost 24,000 loans having a loan that is total over $9.1 million. XtraCash has exploded to provide 23 branches positioned in Kansas, Missouri and Florida, andcontinues its intends to expand for the U.S. where permitted by legislation.
вЂњAn estimated 30 million U.S. households are either unbanked or underbanked, counting on alternativefinancial solutions. A majority of these approximated 60 million grownups are credit union people,вЂќ said Lon Neofotist,XtraCashвЂ™s managing director. вЂњAs a credit union owned CUSO XtraCash is important for credit unionmembers. It gives a reasonable alternative, as evidenced because of the total $2.8 million in cost cost cost cost cost savings credit unionsand their users took advantageous asset of because the 2007 XtraCash launch.вЂќ