Eagle Community Credit Union (Eagle), a $366 million asset credit union headquartered in Orange County, announced that it is adding a Buy Now, Pay Later (BNPL) solution to its suite of online banking products.
Eagle is the first credit union to launch BNPL in California, and has selected equipifi, a BNPL SaaS designed for financial institutions, to power its solution. By connecting equipifi to its banking core and mobile app, Eagle’s BNPL solution extends personalized offers to members that align with their financial health on eligible debit card transactions. Members will be able to access BNPL to view and accept offers within seconds on Eagle’s online banking app.
“Our members look to us for reliable, flexible financial solutions,” said Bob Thompson, Chief Lending Officer at Eagle Community Credit Union. “Now, with the launch of BNPL to split payments over time, we are answering the call with an innovative product that is personalized, trusted, and readily available through their online banking experience.”
“Consumer expectations for their debit cards are changing due to the growing popularity of 3rd-party fintech BNPL,” said Bryce Deeney, CEO and co-founder of equipifi. “By launching BNPL, credit unions like Eagle Community Credit Union are meeting members where they are with their financial needs and payment preferences in their home banking app.”
BNPL offered to consumers from their primary financial institution, has seen a surge in uptake last year. The cardholder's relationship with their bank or credit union allows a seamless integration between their purchasing and banking experience. They are also extended pre-qualified BNPL offers that align with their financial goals and the institution's risk tolerance.
About Eagle Community Credit Union
Since its inception in 1937, Eagle Community Credit Union has been an enthusiastic supporter of the people within its field of membership. Eligibility to open a membership with the Credit Union extends to anyone living or working in the Orange and Riverside Counties of Southern California. Eagle Community Credit Union is a dedicated banking partner and much more. Supporting its member-owners is what it does, and what it has done for 87 years. This credit union wouldn’t have it any other way. Visit http://www.eaglecu.org for more information.
equipifi is a fintech SaaS powering banks and credit unions with Buy Now, Pay Later (BNPL) solutions that align with their customers' financial goals. The equipifi platform seamlessly integrates with financial institutions to help them deepen customer engagement, grow market share, increase revenue, and provide a single place to view, accept, and manage BNPL plans on their existing banking app. For more information, please visit www.equipifi.com.