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 CashPleasea small, short-term loan program to help clients 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 over 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.”
One United Bankthe largest and first black-owned digital bank in America, 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 McDowellCircle of One Marketing, [email protected], 305-576-3790 or 305-490-9145
One United Bank
One United Bank (www.oneunited.com), is the largest (largest customer base) and first black-owned digital bank in America, a Minority Depository Institution (MDI) and a Community Development Financial Institution (CDFI), has been a ten-time recipient of the United States Treasury Department’s banking firm Reward because of its community development loans. 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 OneUnited Bank