MILWAUKEE--Prime Financial Credit Union has launch FlexPay Plans, a "member-centered buy now, pay later" solution designed to bridge the gap between immediate needs and long-term financial health.
"As a Community Development Financial Institution, PFCU’s commitment has always been to expand access to fair and affordable financial tools. FlexPay Plans foster the continued growth of this mission in the digital space, allowing members to split purchases into predictable, low-cost installments directly through their existing PFCU checking accounts and debit cards," the CU said.
“Our mission is to remove barriers to financial opportunities,” said Christine Moczynski, president & CEO of Prime Financial Credit Union. “With FlexPay Plans, we aren’t just offering a new way to pay; we’re offering members a way to stay in control. Because this is a no-credit-check solution based on your relationship with us, we are able to provide access to those who might be excluded by traditional lending, ensuring our members have a responsible tool that supports their budget, rather than stretching it.”
How FlexPay Plans Prioritize Members:
· Relationship-Based Access: Unlike traditional loans, FlexPay Plans do not require a credit check. Eligibility is based purely on the member’s transaction history and relationship with PFCU, making financial flexibility more inclusive for the entire community.
· Predictable Budgeting: Members can choose to be refunded for past qualifying purchases and repay them on an installment plan, or “prefund” their checking account for peace of mind before even heading to the checkout.
· Built-In Accessibility: PFCU has made personalized, pre-qualified FlexPay offers visible within the PFCU mobile app 24/7. This allows members to see their options and make informed decisions before they spend, day or night.
· Mission-Aligned Technology: When using FlexPay Plans, it’s easy to see all plans in one spot, reducing financial noise and unexpected payment due dates.