Vantage West Credit Union Enhances Financial Inclusion with New BNPL Service

In a significant move aimed at increasing financial accessibility, Vantage West Credit Union, based in Tucson, Arizona, has announced the launch of its Buy Now, Pay Later (BNPL) service. This innovative feature will enable its members to make purchases using their debit cards and pay for them in installments, thereby expanding their financial flexibility and opportunities.

Vantage West, which boasts over $3 billion in assets and serves more than 200,000 members, has integrated this BNPL service into its user-friendly digital banking platform. Members can conveniently split eligible debit card purchases into manageable payments, making it easier to budget and plan their finances. The integration of this feature was facilitated by equipifi, a leading BNPL platform specifically designed for financial institutions.

Personalized Financial Solutions

According to the credit union, the BNPL program is tailored to meet the individual financial needs of its members. Each BNPL offer is personalized, taking into account the member’s financial situation and goals, thereby promoting responsible spending. Once a member makes an eligible purchase, they can easily review and accept BNPL offers through their digital banking interface. The funds from the BNPL can be deposited directly into their checking accounts almost instantly.

Sandra Sagehorn-Elliott, President and CEO of Vantage West, expressed enthusiasm about this initiative, highlighting the importance of serving the community through adaptable financial tools. “By launching BNPL with equipifi, we are delivering a much-needed service that not only benefits our membership but also caters to their individual needs,” Sagehorn-Elliott stated. “We’re excited to bring expanded access to flexible financing to our membership, and to continue to help them thrive.”

This new service not only allows members to make everyday purchases with greater confidence, but it also positions Vantage West as a more versatile financial partner. With many consumers often facing unexpected expenses, having the option to spread out payments can significantly alleviate financial stress.

A Growing Trend in Credit Unions

The BNPL service is an increasingly popular offering among credit unions across the United States. More than 60 credit unions have already adopted their own BNPL products, which research shows have a retention rate of over 81 percent among users in their second year. As the BNPL market continues to grow, it is projected to expand at a compounded annual growth rate of 25.5 percent from 2022 to 2026.

Bryce Deeney, co-founder and CEO of equipifi, noted the unique advantage credit unions have in providing BNPL services. “BNPL offers financial flexibility and opportunities in a way that is safe and tailored for individual members,” Deeney commented. “By integrating this solution into their digital banking experience, credit unions like Vantage West are better positioned to serve their members’ needs—from daily budgeting to managing unexpected costs.”

Vantage West's Commitment to Excellence

Vantage West Credit Union has a rich history, evolving from its humble beginnings in a one-room Air Force barrack 70 years ago to becoming one of the leading credit unions in Arizona. The organization prides itself on offering personalized service, integrity, and dedication to the communities it serves. With the introduction of the BNPL service, Vantage West is further solidifying its commitment to enhancing its member's financial lives.

For those interested in learning more about Vantage West's BNPL service, further details can be found on their official website, VantageWest.org. This new offering reflects the credit union's ongoing mission to provide tools and resources that empower its members, fostering a community where everyone can thrive together.