UNCLE Credit Union Selects Upstart for Personal Lending
UNCLE Credit Union, serving over 38,000 members in Northern California, has partnered with Upstart (NASDAQ: UPST) to provide personal loans through the Upstart Referral Network. The partnership, which began in July 2024, enables qualified loan applicants on Upstart.com to receive tailored offers and transition to an UNCLE-branded experience for completing their membership and loan process. The collaboration aims to expand inclusive lending and membership growth across Alameda, Contra Costa, San Joaquin, and Stanislaus counties through an all-digital lending experience.
UNCLE Credit Union, che serve oltre 38.000 soci nel nord della California, ha stretto una partnership con Upstart (NASDAQ: UPST) per offrire prestiti personali attraverso la Rete di Referral di Upstart. La collaborazione, iniziata a luglio 2024, consente agli aspiranti mutuatari qualificati su Upstart.com di ricevere offerte personalizzate e di passare a un'esperienza brandizzata UNCLE per completare il processo di adesione e prestito. L'obiettivo della partnership è espandere il prestito inclusivo e la crescita dei soci nelle contee di Alameda, Contra Costa, San Joaquin e Stanislaus tramite un'esperienza di prestito completamente digitale.
UNCLE Credit Union, que presta servicio a más de 38,000 miembros en el norte de California, se ha asociado con Upstart (NASDAQ: UPST) para proporcionar préstamos personales a través de la Red de Referencia de Upstart. La asociación, que comenzó en julio de 2024, permite a los solicitantes de préstamos calificados en Upstart.com recibir ofertas personalizadas y pasar a una experiencia de marca UNCLE para completar su proceso de membresía y préstamo. La colaboración tiene como objetivo expandir el préstamo inclusivo y el crecimiento de la membresía en los condados de Alameda, Contra Costa, San Joaquín y Stanislaus a través de una experiencia de préstamo completamente digital.
UNCLE Credit Union, 캘리포니아 북부에서 38,000명 이상의 회원에게 서비스를 제공하는 기관이 Upstart (NASDAQ: UPST)와 제휴하여 Upstart 추천 네트워크를 통해 개인 대출을 제공합니다. 2024년 7월에 시작된 이 파트너십은 Upstart.com에서 자격을 갖춘 대출 신청자가 맞춤형 제안을 받고 UNCLE 브랜드 경험으로 전환하여 회원가입 및 대출 절차를 완료할 수 있도록 합니다. 이 협업은 얼바인, 콘트라 코스타, 샌 호아킨 및 스태니슬라우스 카운티 전역에서 포괄적인 대출과 회원 성장의 확대를 목표로 하고 있으며, 완전 디지털 대출 경험을 제공합니다.
UNCLE Credit Union, qui sert plus de 38 000 membres dans le nord de la Californie, a établi un partenariat avec Upstart (NASDAQ: UPST) pour proposer des prêts personnels via le Réseau de Référence d'Upstart. Ce partenariat, qui a débuté en juillet 2024, permet aux candidats à un prêt qualifiés sur Upstart.com de recevoir des offres sur mesure et de passer à une expérience sous la marque UNCLE pour compléter leur processus d'adhésion et de prêt. La collaboration vise à élargir les prêts inclusifs et la croissance de l'adhésion dans les comtés d'Alameda, Contra Costa, San Joaquin et Stanislaus grâce à une expérience de prêt entièrement numérique.
UNCLE Credit Union, das über 38.000 Mitglieder im Norden Kaliforniens betreut, hat eine Partnerschaft mit Upstart (NASDAQ: UPST) geschlossen, um persönliche Kredite über das Upstart-Referenznetzwerk anzubieten. Die Partnerschaft, die im Juli 2024 begann, ermöglicht es qualifizierten Kreditbewerbern auf Upstart.com, maßgeschneiderte Angebote zu erhalten und zu einer UNCLE-gebundenen Erfahrung überzugehen, um ihren Mitgliedschafts- und Kreditprozess abzuschließen. Diese Zusammenarbeit zielt darauf ab, inklusives Lending und das Wachstum der Mitgliedschaft in den Landkreisen Alameda, Contra Costa, San Joaquin und Stanislaus durch ein vollständig digitales Kreditwesen zu erweitern.
- New partnership expanding Upstart's lending network
- Access to 38,000+ potential customers in Northern California
- Integration of digital lending platform across four counties
- None.
Insights
The partnership between UNCLE Credit Union and Upstart represents a strategic move in digital lending expansion, but its immediate financial impact appears While this adds another credit union to Upstart's growing network of partners, UNCLE's relatively small member base of 38,000 suggests modest loan volume potential. The implementation of Upstart's AI-driven lending platform could help UNCLE expand its market presence across Northern California counties, but the revenue contribution to Upstart is likely to be incremental.
The deal follows Upstart's established pattern of credit union partnerships, which help diversify its funding sources and expand distribution channels. However, in the context of Upstart's scale and current market challenges in consumer lending, this single partnership is unlikely to materially impact near-term financial performance or significantly affect loan origination volumes.
“At UNCLE Credit Union, we are committed to offering exceptional financial services to meet all our members’ needs while also promoting financial wellness throughout our surrounding communities,” said Dree Johnson, Senior Vice President and Chief Operating Officer at UNCLE Credit Union. “We partnered with Upstart to expand inclusive lending and grow our membership across all four counties we serve in
UNCLE Credit Union started lending as a partner on the Upstart Referral Network in July 2024. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet UNCLE Credit Union’s credit policies will receive tailored offers as they seamlessly transition into an UNCLE-branded experience to complete the online member application and closing process.
“We are excited to welcome UNCLE Credit Union to the family of Upstart lending partners,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. “Through the Upstart Referral Network, UNCLE Credit Union is able to lend to more new and existing members across
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
About UNCLE Credit Union
Founded in 1957 to offer financial services to the entire Lawrence Livermore National Laboratory community, UNCLE Credit Union today offers the benefits of credit union membership to anyone who lives, works, worships or attends school in
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Press Contact
press@upstart.com
Source: Upstart
FAQ
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