AgFed Credit Union Selects Upstart for Personal Lending | National Business

WASHINGTON & SAN MATEO, Calif .– (BUSINESS WIRE) – Dec. January 2022–

Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that AgFed Credit Union (AgFed), a Washington, DC-based credit union, has partnered with Upstart to provide personal loans to new customers It serves to better reach members in the parishes.

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Quote from Margie Click, CEO of AgFed (Graphic: Business Wire)

“With our focus on providing the highest quality of service and market-leading products, AgFed is excited to partner with Upstart to expand our reach and ability to serve more eligible members nationwide,” said Margie Click, CEO of AgFed. “With Upstart’s modern, fully digital credit experience, AgFed will be able to meet the expectations and needs of today’s consumers.”

AgFed became an Upstart Loan Partner in September 2021 and becomes part of the Upstart Referral Network. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet AgFed’s credit guidelines will receive tailored offers while seamlessly transitioning into an AgFed branded experience to complete the online membership application and completion process.

“We are proud to partner with AgFed Credit Union to offer personal loans to new and current members nationwide,” said Michael Lock, SVP of Lending Partnerships at Upstart. “As a loan partner on the Upstart Referral Network, AgFed will be able to loan and service loans to more creditworthy borrowers.”

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 platform that works with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-operated banks and credit unions can achieve higher approval rates and lower loss rates for every race, ethnicity, age and gender while delivering the exceptional digital first loan experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded in 2012 by former Google employees and is based in San Mateo, California and Columbus, Ohio.

About the AgFed Credit Union

Founded in Washington, DC in 1934, AgFed now serves individuals across the country. Providing the highest quality of service is our top priority. We offer market leading mortgages, auto loans, credit cards, checking accounts and a wide range of other accounts, always keeping our members’ interests in mind. AgFed is state insured with the NCUA and an equivalent housing provider. With over $ 300 million in net worth, over 25,000 members, and 6 AgFed offices, members have access to their accounts and our services 24 hours a day, 7 days a week.

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CONTACT: Mike Nelson

mike.nelson@upstart.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA DISTRICT OF COLUMBIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY SMALL BUSINESS FINANCE SOFTWARE

SOURCE: Upstart

Copyright Business Wire 2022.

PUB: 01/12/2022 09:00 AM / DISC: 01/12/2022 09:02 AM

http://www.businesswire.com/news/home/20220112005446/en

Copyright Business Wire 2022.

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