Branch Cash Advance: Keep members engaged and strengthen branch value

By NewtekOne

As more providers exit the branch cash advance market, credit unions are losing a long-standing service their members rely on – along with the deposits that come with it. To close this gap and strengthen member relationships, NewtekOne delivers a no-cost, risk-free Branch Cash Advance (BCA) solution that keeps transactions – and deposits – inside the credit union.

Over the past two years, NewtekOne’s Branch Cash Advance program has been installed in more than 100 credit union branches nationwide – helping institutions:

• Maintain branch relevance and engagement
• Grow deposits and attract new members
• Strengthen loyalty among existing members

Branch cash advances remain an essential service for many members. Eliminating this option can push members to competitors, while offering BCA positions your branches as full-service financial hubs. NewtekOne handles the setup, support, and daily operation, so your team can focus on serving members, not managing risk. By providing a seamless, secure, and convenient cash advance experience, credit unions can retain members, increase deposits, and deliver the services their communities still rely on.

The NewtekOne program includes:

• No cost to the credit union – full setup, support, and operation provided
• Free use of EMV-compliant terminals – limiting counterfeit fraud liability
• Universal member access – supports Visa^®, Mastercard^®, and Discover^®** cardholders

Credit unions already using NewtekOne’s solution have seen growth in deposits, improved member satisfaction, and stronger branch relationships – all while providing an essential service their members still rely on.

Connect with NewtekOne to learn more about BCA today.

*The BCA program is offered and serviced through NewtekOne, Inc’s subsidiary, Newtek Merchant Solutions, LLC. **All brand names, logos and/or trademarks are the property of their respective owners.