Arbor Financial Credit Union Selects Upstart for Personal Lending
12 Julho 2023 - 10:00AM
Business Wire
Arbor Financial Credit Union (Arbor), an award-winning credit
union serving the state of Michigan, 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 credit union dedicated to improving the financial
well-being of our members, Arbor looks for ways to help more people
in Michigan get access to affordable credit,” said Chris Jacobs, VP
of Consumer Lending for Arbor Financial Credit Union. “In
partnership with Upstart, Arbor is able to increase its reach
online and provide more personal loans while gaining new qualified
members.”
Arbor Financial Credit Union signed on with Upstart in September
2022 to be an Upstart Referral Network lending partner. With the
Upstart Referral Network, qualified personal loan applicants on
Upstart.com who meet Arbor’s credit policies will receive tailored
offers as they seamlessly transition into an Arbor-branded
experience to complete the online member application and closing
process.
“We are excited to welcome Arbor Financial Credit Union to the
family of Upstart lending partners,” said Michael Lock, SVP of
Lending Partnerships for Upstart. “As part of the Upstart Referral
Network, Arbor is able to attract new members and offer them its
personal loans through an all-digital lending experience.”
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 Arbor Financial Credit Union Arbor Financial Credit
Union offers a complete range of financial services including
personal, mortgage, and business accounts. Arbor’s purpose is to
grow the financial well-being of their members. Founded in 1935,
Arbor now has over 46,288 members throughout Michigan with assets
of $903 million and growing. You can visit arborfcu.org to learn
how you can GET MORE with Arbor Financial Credit Union.
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