ONEUNITED BANK LAUNCHES CASHPLEASE LOAN PROGRAM
America’s largest black-owned bank offers small, short-term loans with no credit checks
BOSTON, January 11, 2022 /PRNewswire/ — OneUnited Bank, the largest black-owned bank in the United States, is launching CashPlease, a small, short-term dollar loan program to help customers better manage their money. Easy to access with no credit check, CashPlease helps customers avoid predatory payday loans and overdraft penalties.
Millions of consumers experience high cost payday loans every year. They struggle to pay their household bills on time, may incur late fees, and experience negative impacts on their credit score. With CashPlease, OneUnited Bank checking account customers have access to small, short-term dollar loans to avoid these adverse consequences.
CashPlease® offers the ability to apply online 24/7 with loan funds deposited within 4 hours. There is no credit report review. CashPlease has an easy repayment option to automatically deduct from a checking account with 3 installments over 3 months. The loans are affordable with reasonable interest rates and fees offering considerable savings compared to payday loans. Qualifications apply.
“We know better than anyone the expectations of our customers when it comes to urgent and unforeseen expenses.,“States Teri Williams, President & COO. “With 2 days prepayment and now CashPlease, we continue to use technology to deliver services to better meet the financial needs of our community.”
OneUnited Bank, America’s largest and first black-owned digital bank, is working to make financial literacy a core value of the black community through the #BankBlack and #BuyBlack movement.
For more information, visit www.oneunited.com/cashPlease.
Media inquiries: Suzan McDowell, Circle of One Marketing, [email protected], 305-576-3790 or 305-490-9145
One United Bank
OneUnited Bank (www.oneunited.com), is America’s largest (largest customer base) and first Black-owned digital bank, minority deposit-taking institution (MDI), and community development financial institution ( CDFI), is a ten-time recipient of the U.S. Treasury Department’s Corporate Banking Award for its community development lending. Its mission is to be the premier bank serving urban communities by promoting financial literacy and providing affordable financial services.
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SOURCE One United Bank