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Abound Credit Union Partners with Upstart to Expand Loan Access for Kentuckians
SAN MATEO, Calif.--(BUSINESS WIRE)-- Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Abound Credit Union,
About this update from Upstart Holdings, Inc.
[{"type":"text","content":" SAN MATEO, Calif.--(BUSINESS WIRE)--\nUpstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Abound Credit Union, Kentucky’s largest credit union and an advocate of financial education for youth and adults throughout Kentucky, has partnered with Upstart to provide personal loans through all-digital lending powered by AI.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211013005446/en/Quote from Ray Springsteen, President & CEO, Abound Credit Union (Graphic: Business Wire)\n“Our partnership with Upstart will allow Abound to create more possibilities for Kentuckians through an enhanced all-digital personal loan experience,” said Ray Springsteen, President & CEO. “With Upstart, we now have an additional channel to help hard-working families in our service areas, including the military and civilian members we’ve served for more than 70 years.”\n\nAbound Credit Union became an Upstart lending partner in July 2021 and will be part of the Upstart Referral Network. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet Abound’s credit policies receive tailored offers as they seamlessly transition into an Abound-branded experience to complete the online member application and closing process.\n\n“Upstart is proud to partner with Abound Credit Union to fuel their mission of improving the financial lives of the Kentucky families they serve,” said Michael Lock, SVP of Lending Partnerships for Upstart. “Through the Upstart Referral Network and our AI lending platform, Abound will be able to reach and lend to new members to improve the financial well-being of more Kentuckians.\"\n\nTo learn more about Abound Credit Union and Upstart, register for the Wednesday, October 20 webinar, \"How Credit Union Leaders are Navigating Digital Transformation”. To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video.\n\nAbout Upstart\n\nUpstart (NASDAQ: UPST) is a leading AI lending platform partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending exp...