encurage financial network Selects Upstart for Personal Lending
31 Outubro 2023 - 10:00AM
Business Wire
The encurage financial network, a cooperative effort of four
formerly independent credit unions, today announced its partnership
with Upstart (NASDAQ: UPST), the leading artificial intelligence
(AI) lending marketplace, to provide personal loans to more
people.
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the full release here:
https://www.businesswire.com/news/home/20231031683893/en/
“The encurage financial network is committed to ongoing
innovation to deliver a set of leading services that enriches our
credit union network, our members and the communities we serve,”
said Michael Abraham, President & Chief Executive Officer of
encurage financial network. “Through our partnership and
collaboration with Upstart, we’re able to offer an enhanced,
all-digital personal lending solution to serve more people across
our field of membership.”
encurage financial network became an Upstart Referral Network
lending partner in February 2023. With the Upstart Referral
Network, qualified personal loan applicants on Upstart.com who meet
encurage’s credit policies will receive tailored offers as they
seamlessly transition into an encurage-branded experience to
complete the online member application and closing process.
“We are excited to welcome the encurage financial network to the
Upstart family of lending partners,” said Michael Lock, Senior Vice
President of Lending Partnerships for Upstart. “As part of the
Upstart Referral Network, encurage is able to leverage AI-powered
credit decisioning to approve more creditworthy borrowers and gain
new members.”
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 encurage financial
network
encurage financial network was launched in 2023 as a network
credit union consisting of four legacy institutions, under the name
First Financial Credit Union, to provide a safe place for the
employees of the AT&T Teletype Corporation to save and borrow
money. Since then, encurage has grown to serve over 14,000 members
and brings together four legacy credit unions to educate &
inspire our members while expanding their access to tools &
resources. To learn more, visit www.firstfcu.org.
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