Texans Credit Union Selects Upstart for Personal Lending
10 July 2024 - 11:00PM
Business Wire
Texans Credit Union, one of the largest credit unions in Texas
with more than 123,000 members and $2.2 billion in assets, has
announced their partnership with Upstart (NASDAQ: UPST), the
leading artificial intelligence (AI) lending marketplace, to offer
personal loans to consumers.
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“Our growth strategy is focused on finding the best ways to
assist people to meet their financial goals,” said David Frazier,
President and Chief Executive Officer at Texans Credit Union.
“Through Upstart’s AI lending marketplace, we are expanding how we
reach and lend to more Texans during key milestones in their
lives.”
“We are always on the lookout for complementary technology
partners that can help meet the modern needs of our growing
membership,” said Mike McWethy, Executive Vice President at Texans
Credit Union. “Our partnership with Upstart is a great example of
how we can use AI to extend our lending capabilities with a fast,
digital experience.”
Texans Credit Union started lending as a partner on the Upstart
Referral Network in August 2023. With the Upstart Referral Network,
qualified personal loan applicants on Upstart.com who meet Texans
Credit Union’s credit policies will receive tailored offers as they
seamlessly transition into a Texans Credit Union-branded experience
to complete the online member application and closing process.
“We are proud to have Texans Credit Union as one of Upstart’s
lending partners,” said Michael Lock, Senior Vice President of
Lending Partnerships at Upstart. “As a partner on the Upstart
Referral Network, Texans Credit Union is able to provide personal
loans to help more Texans achieve their financial goals.”
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 Texans Credit Union
Texans Credit Union is a not-for-profit financial institution
serving North Texas members since 1953. Headquartered in
Richardson, Texas, Texans Credit Union has more than 120,000
members and $2.2 billion in assets. Our mission is to provide
members with exceptional service, value and financial products to
help individuals achieve their financial goals. We offer a full
range of banking services, including checking and savings accounts,
loans, mortgages, credit cards and investment options. Texans
Credit Union is one of the largest credit unions in the state. For
more information, please visit texanscu.org or follow us on
LinkedIn, Facebook and Twitter.
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