REGIONAL federal credit union Selects Upstart for Personal Lending
15 Novembre 2023 - 3:00PM
Business Wire
REGIONAL federal credit union, a community-based credit union
focused on serving Lake and Porter counties, has announced a new
partnership with Upstart (NASDAQ: UPST), the leading artificial
intelligence (AI) lending marketplace, to provide personal loan
access to even more people in Northwest Indiana.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231115667208/en/
"REGIONAL works hard to meet our members' financial needs every
day as we believe their success is our success too," said Michael
Peters, EVP of REGIONAL federal credit union. "The partnership with
Upstart extends our brand into households by reaching non-members
in a way we have never done before, as well as provides these new
members with a modern, digital-first experience across Northwest
Indiana in the counties we serve."
REGIONAL became an Upstart Referral Network lending partner in
July 2022. With the Upstart Referral Network, qualified personal
loan applicants on Upstart.com, who meet REGIONAL's credit
policies, will receive tailored offers as they seamlessly
transition into a REGIONAL federal credit union-branded experience
to complete the online member application and closing process.
“We are excited to have REGIONAL federal credit union as a
lending partner on the Upstart Referral Network,” said Michael
Lock, SVP of Lending Partnerships for Upstart. “Through our
partnership, REGIONAL is able to gain new members while providing
its personal loans through an all-digital lending experience
powered by AI.”
To learn more about Upstart for Credit Unions and the Upstart
Referral Network, please watch this video.
About Upstart
Upstart (NASDAQ: UPST) is the leading AI lending marketplace,
connecting millions of consumers to 100 banks and credit unions
that leverage Upstart’s AI models and cloud applications to deliver
superior credit products. With Upstart AI, lenders can approve more
borrowers at lower rates across races, ages, and genders, while
delivering the exceptional digital-first experience customers
demand. More than 80% of borrowers are approved instantly, with
zero documentation to upload. Founded in 2012, Upstart’s platform
includes personal loans, automotive retail and refinance loans, and
small-dollar “relief” loans. Upstart is based in San Mateo,
California, and Columbus, Ohio.
About REGIONAL federal credit union
REGIONAL federal credit union is a not-for-profit cooperative
association focused on equipping and assisting the financial growth
of our members and communities. REGIONAL offers full-service
capabilities for its members, such as checking, savings, loans,
online banking, etc. Since 1961, REGIONAL has supported its members
to achieve financial success. Anyone who lives, works, worships, or
goes to school in Lake or Porter counties in Indiana can open an
account with as little as $5.00. To learn more, visit
www.regionalfcu.org
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