AgFed Credit Union chooses Upstart for its personal loans | News

WASHINGTON & SAN MATEO, Calif .– (BUSINESS WIRE) – January 12, 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 up to Upstart to provide personal loans to better reach new members in the communities it serves.

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

“With our goal of providing the highest quality of service and market-leading products, AgFed is delighted 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 lending 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 will be part of the Upstart referral network. With the Upstart referral network, qualified personal loan applicants on Upstart.com who meet AgFed’s credit policies receive tailored offers as they seamlessly transition to an AgFed brand experience to complete the online membership application and close process.

“We are proud to partner with AgFed Credit Union to provide personal loans to new and existing members nationwide,” said Michael Lock, senior vice president of loan partnerships for Upstart. “As a lending partner of the Upstart referral network, AgFed will be able to lend and serve 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 partners with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower wastage rates for every race, ethnicity, age and sex, while simultaneously delivering the exceptional digital lending experience their clients demand. Over two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by former Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.

About AgFed Credit Union

AgFed began in 1934 in Washington, DC and now serves individuals across the country. Providing the best quality of service is our top priority. We offer mortgages, auto loans, credit cards, checks and a wide variety of other accounts, always keeping the interests of our members in mind. AgFed is federally insured by the NCUA and is an equal mortgage lender. With more than $ 300 million in assets, more than 25,000 members and 6 AgFed branches, members have access to their accounts and our services 24 hours a day, 7 days a week.

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CONTACT: Mike Nelson

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA DISTRICT OF COLUMBIA

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

SOURCE: upstart

Copyright Business Wire 2022.

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

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

Copyright Business Wire 2022.

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