BNPL: As Told By Credit UnionS
Meeting Account Holders Where They Are
What does it mean to meet member where they are? Whether it is to help members stretch their budget for everyday purchases, or to be available with extra funds during an emergency, BNPL helps credit unions serve members in a timely and holistic way. Join Jamie Walls, Sr. Dir. of Consumer & Commercial Lending at USF FCU on his #InsightsInno2024 session on Meeting Account Holders Where They Are with BNPL.
CASE STUDY
Members prefer credit union BNPL.
PYMNTS research found that 70% of consumers surveyed report preferring receiving BNPL from their financial institutions rather than from third-party fintech providers. ACU of Texas discovered that this was true. Within three months of launching, ACU of Texas' BNPL saw its members use its BNPL more than they used all 3rd-party BNPL providers combined.
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Want to learn more? Let's chat!
We're happy to answer your questions, connect you with our panelists, and show you how BNPL can look like for your credit union.