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BCU selects Upstart for personal lending

SAN MATEO, CA (November 17, 2021) — BCU, one of the nation’s Top 100 credit unions serving over 300,000 members in the United States and Puerto Rico, today announced it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, to offer AI-powered personal loans to more people.

“With BCU’s focus on empowering people to discover financial freedom, we are delighted to partner with Upstart to provide an all-digital, AI-powered lending experience to reach and lend to more eligible non-members nationwide,” said Dave Brydun, Senior Vice President of Lending at BCU. “With BCU’s Workplace Banking partnerships and the Upstart Referral Network, we can deliver more inclusive lending to better serve new and existing members.”

As an Upstart lending partner since June 2021, BCU will be part of the Upstart Referral Network. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet BCU’s credit policies receive tailored offers as they seamlessly transition into a BCU-branded experience to complete the online member application and closing process.

“We are proud to partner with BCU to provide an all-digital personal lending experience to improve the financial wellness of more eligible BCU members,” said Michael Lock, SVP of Lending Partnerships for Upstart. “Through the Upstart Referral Network, BCU will be able to offer personal loans to serve more employees and families of some of America’s best workplaces and those living or working in Chicago-area communities.”

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 BCU

BCU is a purpose-driven organization that empowers people to discover financial freedom. With over $4.9 B in assets, it’s also one of the fastest-growing Credit Unions in the last four decades. Both not-for-profit and member-owned, the Credit Union is driven by the commitment to provide extraordinary service for over 300,000 members across the US and Puerto Rico. BCU members enjoy access to financial services and well-being programming that inspire confidence through the brand promise Here Today For Your Tomorrow. Lifetime membership is offered to employees and families of America’s best workplaces and those living or working in Chicago-area communities. Learn more at BCU.org.

Contacts

press@upstart.com

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