High Point Federal Credit Union Selects Upstart for Personal Lending
29 Novembro 2023 - 11:00AM
Business Wire
High Point Federal Credit Union, the second largest credit union
in Western New York with over 20,000 members, has announced a new
partnership with Upstart (NASDAQ: UPST), the leading artificial
intelligence (AI) lending marketplace, to provide personal loans
across the communities it serves.
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the full release here:
https://www.businesswire.com/news/home/20231129345344/en/
"High Point Federal Credit Union’s mission is to provide our
members personal service and affordable products that meet their
financial needs throughout life’s journey," said Richard A. Yeager,
President & CEO of High Point Federal Credit Union. "Our
partnership with Upstart allows us to deliver a modern,
digital-first experience that brings in new members who are looking
for a personal loan in a time of financial need and can start their
journey with us.”
High Point Federal Credit Union became an Upstart Referral
Network lending partner in September 2022. With the Upstart
Referral Network, qualified personal loan applicants on Upstart.com
who meet High Point Federal Credit Union's credit policies will
receive tailored offers as they seamlessly transition into a High
Point Federal Credit Union-branded experience to complete the
online member application and closing process.
“We are excited to welcome High Point Federal Credit Union to
the Upstart family of lending partners,” said Michael Lock, SVP of
Lending Partnerships for Upstart. “As part of the Upstart Referral
Network, High Point Federal Credit Union is able to grow its
membership by offering a fast and easy personal 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 High Point Federal Credit Union
High Point Federal Credit Union is the 2nd largest credit union
in Western New York, with assets of over $390 million. The credit
union currently serves over 20,000 members with four branch
locations in New York, 1201 Wayne Street and 206 North Clark Street
in Olean, 180 West Main Street in Allegany, and 160 South Main
Street in Portville.
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