Xtracash, Llc

XtraCash, LLC is a credit union owned CUSO, offering credit unions a 100% risk-free, payday lending alternative solution. XtraCash owns the loans and assumes all risk, incurs any loan loss, and serves as a non-interest income generator. The company utilizes one of the leading payday lending transaction systems used by five of the top 20 leading payday lenders. Unfortunately, offering small, short-term loans is cost prohibitive for credit unions. It is more effective and economical for a credit union to collaborate with a CUSO like XtraCash to offer financial products and services on a cooperative basis. While an individual credit union might not be able to afford this program, XtraCash works as an alliance for all credit union partners to provide this system. XtraCash offers a complete turn-key operation including software, underwriting, collections, servicing and training. XtraCash partners with credit unions to uniquely offer both lower cost loans and to encourage financial education to their FOMs. The CUSO’s mission is to make a difference in the industry nationwide, by providing a risk-free, profitable alternative to payday lenders, and to make a difference for members by providing a lower cost alternative to typical storefront payday loans and a pathway to financial stability for credit unions’ FOMs. XtraCash is a division of CU Holding Company, LLC, headquartered in the Kansas City metropolitan area. CU Holding Company, LLC was founded in May 2005 and is a wholly owned subsidiary of Mazuma Credit Union, Kansas City, Missouri. To learn more about XtraCash, including fee charts, visit