Texas Bay Credit Union Selects Upstart for Personal Lending
14 Junho 2023 - 10:00AM
Business Wire
Texas Bay Credit Union, a credit union and community development
financial institution (CDFI) serving the greater Houston market,
today announced that it has partnered with Upstart (NASDAQ: UPST),
a leading artificial intelligence (AI) lending platform, to provide
personal loans to more members.
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the full release here:
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“As a CDFI credit union in the heart of the fastest growing
metropolitan area in the country, Texas Bay looks for innovative,
inclusive lending solutions that best meet the financial needs of
our members,” said Bret Hoda, Vice President of Lending for Texas
Bay Credit Union. “Through our partnership with Upstart, Texas Bay
is able to reach and help more potential members across the greater
Houston area to deliver ‘Wow’ experiences through personal
lending.”
Texas Bay Credit Union became an Upstart Referral Network
lending partner in March 2022. With the Upstart Referral Network,
qualified personal loan applicants on Upstart.com who meet Texas
Bay’s credit policies will receive tailored offers as they
seamlessly transition into a Texas Bay-branded experience to
complete the online member application and closing process.
“We are thrilled to partner with Texas Bay to help them drive
more inclusive lending across the Houston area,” said Michael Lock,
SVP of Lending Partnerships for Upstart. “As part of the Upstart
Referral Network, Texas Bay can qualify and gain more members while
delivering a fast, 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 a leading AI lending marketplace
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 across races, ages, and genders, while
simultaneously delivering the exceptional digital-first lending
experience their customers demand. More than two-thirds of Upstart
loans are approved instantly and are fully automated. Upstart was
founded by ex-Googlers in 2012 and is based in San Mateo,
California and Columbus, Ohio.
About Texas Bay Credit Union
Texas Bay is the leading credit union in Houston and a trusted
financial partner founded on May 12, 1936, by Houstonians, for
Houstonians. That means we work for our members. We take care of
our members by using our net earnings for lower interest rates on
loans and credit cards, higher dividends on deposits, and lower
fees, and offer FREE products and services. Texas Bay succeeds by
preserving a secure financial position, increasing membership
growth, and maintaining high member satisfaction. To learn more,
visit https://www.texasbaycu.org/.
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Press Contact press@upstart.com
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