Buy Now, Pay Later BNPL No-Interest Services (Part 3 of 3)

Posted in Board Brief, KTFCU News on Apr 15, 2026

The last two Board Briefs on this subject we layed out what Buy Now, Pay Later (BNPL) services are (a financing product) and when you might consider using a BNPL financing option (only on rare occasions).

So, what are the circumstances where I should NOT consider a BNPL financing option?

There are many examples.

• Any item that has a short lifespan (less than the financing term of the BNPL option).
• Anything perishable, like groceries, clothing, entertainment, travel, etc.
• Anything that is a nice to have, but is not a need, like furniture, a stereo system or a TV, especially when you alrea...

Spring 2026 Newsletter

Posted in KTFCU News, Newsletter on Apr 01, 2026

Spring 2026 Newsletter.pdf

Our CD Rates are still Great

Posted in KTFCU News on Mar 24, 2026

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3.25% apy. $ 5,000 & up 12 month term

3.50% apy. $10,000 & up 12 month term

Just give us a call at 716-877-1630 and we'll have your money earning dividends.
Rates shown for January 1st, 2026. Subject to change without notice. Other restrictions may apply.

Buy Now, Pay Later BNPL No-Interest Services (Part 2)

Posted in Board Brief, KTFCU News on Mar 18, 2026

As discussed in the last Board Brief, more retailers are offering Buy Now, Pay Later (BNPL) no-interest options. These products are a form of financing. They are like limited time, zero interest credit cards. The terms may differ, but these are financial products, and they are offered because they increase retail sales and they make someone money, sometimes a lot of money, that can be at the consumer’s expense. So, BEWARE!

When should I consider taking a BNPL offer? The simple answer is you shouldn’t. But there are some limited situations when considering a BNPL financing option is worth cons...

Buy Now, Pay Later BNPL No-Interest Services (Part 1)

Posted in Board Brief, KTFCU News on Feb 18, 2026

More retailers are offering BUY NOW, PAY LATER (BNPL) No-Interest Services. From grocery stores to home improvement stores to apparel stores, many retailers are offering these products. Currently, according to WalletHub-

61% of Americans do not know how differed interest or no interest BNPL purchases work.
51% of Americans say they have agreed to a BNPL plan without being sure they could make the monthly payments.

What are BNPL's? Should I consider taking advantage of them? What are the pitfalls?

First and foremost, these are financial products in the same way a credit card is a financial pro...