As Buy Now, Pay Later (BNPL) becomes increasingly common nationwide, consumers are looking to their trusted financial institution for these desired payment options. Yolo Federal Credit Union (Yolo FCU) has introduced a new BNPL program that offers greater flexibility and control over their everyday spending.
This in-house BNPL solution allows members to split eligible debit card purchases into easy, predictable installment payments within Yolo FCU’s secure Mobile and Online Banking platforms. Members can also use Yolo FCU’s BNPL program to instantly receive extra funds in their Checking Account prior to making a purchase. This integrated feature is another step toward giving members more tools to make informed financial decisions, improve cash flow, and reduce financial stress.
“We’re excited to partner with equipifi to offer our Buy Now, Pay Later to our members,” said Jenee Rawlings, President/CEO at Yolo FCU. “Our BNPL program is designed with our members in mind, offering the flexibility they need to manage their budgets more effectively and confidently.”
Powered by equipifi, the leading BNPL platform for credit unions and banks, Yolo FCU’s new service gives members the ability to plan for purchases and manage unexpected expenses without turning to high-interest or third-party financing options. Personalized offers appear in Yolo FCU’s Online Banking experience and can be accepted to fund the purchase in seconds.
Unlike many BNPL services that involve third-party apps or external platforms, Yolo FCU’s solution is fully integrated and offered in-house. This keeps all member data and engagement within the credit union.
“BNPL is a necessary banking and budgeting feature for financial institutions to align with the evolving needs of consumers,” said Bryce Deeney, Co-Founder and CEO of equipifi. “Yolo FCU is setting a strong example of how credit unions can offer modern, responsible financial tools by prioritizing member success.”
Yolo FCU remains committed to supporting the long-term financial health and success of their members.