Mutual Security Credit Union Selects Upstart for Personal Lending
13 Dezembro 2023 - 11:00AM
Business Wire
Mutual Security Credit Union (MSCU), a $390+ million financial
institution serving the financial needs of western Connecticut,
today announced its partnership with Upstart (NASDAQ: UPST), the
leading artificial intelligence (AI) lending marketplace, to
provide personal loans to more people.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231213952821/en/
“Our partnership with Upstart aligns with our mission to be
builders of financial well-being within the communities we serve,”
said Jeffrey Tracey, Vice President of Loan Operations at MSCU. “It
allows us to extend our reach and provide a modern, digital-first
experience to drive more inclusive lending within the
community.”
Mutual Security Credit Union became an Upstart Referral Network
lending partner in September 2023. With the Upstart Referral
Network, qualified personal loan applicants on Upstart.com who meet
MSCU’s credit policies will receive tailored offers as they
seamlessly transition into an MSCU-branded experience to complete
the online member application and closing process.
“We welcome Mutual Security 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,
MSCU is able to expand access to affordable credit to more people
across its community through AI-powered personal lending.”
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 more than 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, home equity lines of credit, and small-dollar
“relief” loans. Upstart is based in San Mateo, California, and
Columbus, Ohio.
About Mutual Security Credit Union
Mutual Security Credit Union has been serving members since
1954. As a not-for-profit organization owned by over 28,000
members, it serves the community and various employer groups. The
Company’s mission is to provide its member-owners with innovative
financial solutions that enhance their economic well-being. Mutual
Security Credit Union had total assets of $390+ million as of
December 31, 2022; for more information, visit mscu.net.
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