Kaua'i Federal Credit Union Selects Upstart for Personal Lending
04 4월 2024 - 10:00PM
Business Wire
Kaua'i Federal Credit Union (Kaua'i FCU), a leading credit union
invested in Kaua'i and Kauai's first Community Development
Financial Institution, has announced a new partnership with Upstart
(NASDAQ: UPST), the leading artificial intelligence (AI) lending
marketplace, to provide personal loans to new and existing
members.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240404953289/en/
“Kaua'i Federal Credit Union is dedicated to improving the
financial wellness of our members and building a stronger financial
future for our people,” said Sean Kaley, Executive Vice President
and Chief Operations Officer at Kaua’i Federal Credit Union.
"Through our partnership with Upstart, we are able to provide an
all-digital, personal lending experience that meets the timely
needs of more people across our community.”
Kaua'i FCU became an Upstart Referral Network lending partner in
March 2023. With the Upstart Referral Network, qualified personal
loan applicants on Upstart.com who meet Kaua'i FCU’s credit
policies will receive tailored offers as they seamlessly transition
into a Kaua'i FCU-branded experience to complete the online member
application and closing process.
“We welcome Kaua'i Federal Credit Union to the Upstart family of
lending partners,” said Michael Lock, Senior Vice President of
Lending Partnerships for Upstart. “As a lending partner on the
Upstart Referral Network, Kaua'i Federal Credit Union is there to
provide more creditworthy people in its community with access to
affordable credit.”
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 Kaua'i Federal Credit Union In 1947, 12 founding
families pooled resources to create Kauaʻi T&C Federal Credit
Union. Today, as a credit union with 7400 members and $169 million
in assets, Kauaʻi FCU reinvests profits back into the community to
create a resilient, thriving local economy. Through partnerships
with the County of Kauai and Aloha United Way, programs such as
Coronavirus Rent and Utilities Assistance (CRUA), Rent Relief and
Housing Program (RRHAP), Paycheck Protection (PPP), Small Business
Boost and Rise to Work, Kauai FCU has deployed over $46.4 million
in support of the community.
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version on businesswire.com: https://www.businesswire.com/news/home/20240404953289/en/
Press Contact press@upstart.com
Upstart (NASDAQ:UPST)
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