Quince Therapeutics: Cornerstone Credit Union Launches Buy Now, Pay Later in Tennessee

Cornerstone Financial Credit Union Pioneers Buy Now, Pay Later Services in Tennessee

Cornerstone Financial Credit Union, based in Nashville, Tennessee, has recently unveiled its Buy Now, Pay Later (BNPL) service, becoming the first credit union in the state to offer this innovative financial solution. With assets exceeding $627 million and a membership base of over 48,000, Cornerstone is strategically enhancing its digital banking experience to provide members with immediate access to funds and improved financial flexibility. This initiative reflects the credit union's commitment to addressing the evolving needs of its members by integrating modern financial tools into their service offerings.

The BNPL service, developed in collaboration with equipifi, provides personalized, pre-qualified offers to members, allowing them to access additional funds prior to making purchases. Furthermore, it enables members to convert eligible debit card transactions into installment loans after the purchases are made. Donna Young, President of Cornerstone, emphasizes that the credit union's mission revolves around delivering competitive offerings and exceptional service, ensuring that members enjoy the financial flexibility they require in today's fast-paced economy. This service is designed not only to meet immediate financial needs but also to foster long-term member relationships by supporting them throughout their financial journeys.

Bryce Deeney, CEO of equipifi, highlights the growing consumer demand for BNPL services, indicating that such features are becoming a standard expectation from financial institutions. The introduction of this service positions Cornerstone Financial Credit Union as a forward-thinking entity in the competitive landscape of financial services. By prioritizing member satisfaction and financial well-being, Cornerstone aims to elevate the banking experience and solidify its reputation in the industry.

In related news, Cornerstone Research, a prominent economic and financial consulting firm, announces the return of Professor Aviv Nevo to its expert network. Nevo, a distinguished economist with extensive experience in antitrust and merger analysis, previously served in significant roles at the Federal Trade Commission and the Department of Justice. His return strengthens Cornerstone Research's capabilities in economic consulting and expert testimony, reinforcing the firm's leadership in providing insights into complex merger transactions and antitrust litigation.

As the financial landscape continues to evolve, the initiatives taken by both Cornerstone Financial Credit Union and Cornerstone Research exemplify the importance of innovation and expertise in addressing the needs of their respective clients and members.