BNPL: As Told By Credit UnionS
Ahead of the Curve Through Innovation
What does it take to be first? How do you provide a new product that members prefer while ensuring a high quality loan portfolio? Join Indira Khan, SVP of Consumer & Mortgage Lending at Suffolk Credit Union on her #InsightsInno2024 session on being Ahead of the Curve Through Innovation 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.