MOLINE, Ill.–IH Mississippi Valley CU has become the third credit union in two weeks to announce it will be offering buy now, pay later (BNPL) financing to its more than 143,000 members.

Like the other two CUs that have introduced the new financing offer, the $2.1-billion HMVCU is doing so through a partnership with equipifi.

“Through this integration, members can easily view and accept personalized, pre-qualified BNPL offers directly within their digital banking experience, with funds deposited into their checking account within minutes,” the company said.

It added the program is designed to support members throughout their entire shopping journey – offering a pre-purchase option for accessing additional funds in advance, as well as a post-purchase feature that transforms eligible debit card transactions into manageable installment payments.

‘Empowering Members’

“IHMVCU is dedicated to providing our members with convenient financial solutions tailored to their unique paths toward financial success,” IHMVCU President and CEO Brian Laufenberg said in a statement. “By launching an in-house BNPL with equipifi, we’re empowering our members with flexible, secure, and convenient options, giving them greater confidence and peace of mind as they manage their everyday finances.”

Equipifi said more than 60 credit unions have introduced their own BNPL offering through its platform.