SAN MATEO, Calif .– (BUSINESS WIRE) – July 21, 2021–
Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Telhio Credit Union, a Columbus-based credit union serving Ohio members, s ‘partner with Upstart to provide personal loans to better support its members and communities. it serves.
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Telhio Credit Union became an Upstart lending partner in May 2021 and will offer personal loans powered by Upstart’s fully digital AI lending platform.
“Telhio selected Upstart as their AI lending partner based on the modern, member-centric experience of its online personal loan application process,” said Derrick Bailey, Director of Sales, Telhio Credit Union . “With Upstart’s AI lending platform, we will be able to improve access to credit based on actual risk based on over 1,000 variables without relying too much on traditional credit score and to the debt-to-income ratio to determine a borrower’s creditworthiness. “
As an Upstart loan partner, Telhio Credit Union will be part of the Upstart referral network. With the Upstart referral network, qualified personal loan applicants on Upstart.com who adhere to Telhio’s credit policies receive tailored offers while seamlessly transitioning to a Telhio brand experience to complete the online membership application and close process.
“We are excited to help Telhio Credit Union expand its digital channels and bring a new personal loan product to its members in the communities it serves,” said Michael Lock, senior vice president of lending partnerships for Upstart. “Through our AI lending platform, Telhio will be able to help more creditworthy individuals improve their financial well-being and deliver the fully digital personal lending experience that its members have come to expect.”
To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video.
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 loss rates, while simultaneously delivering the experience of exceptional digital loan demanded by their clients. 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 Telhio Credit Union
The Telhio Credit Union is open to anyone living, working, practicing, or educated in Franklin, Fairfield, Delaware, Licking, Madison, Pickaway, Union, Hamilton, Warren, Butler, and Preble counties. Founded in 1934, originally as a credit union for Columbus Telephone Co., Telhio is a not-for-profit financial cooperative whose members are also the owners. Driven by its philosophy that members come first, Telhio is committed to the highest standards of responsibility and conduct. Telhio offers a variety of innovative programs, services and products to meet the financial needs of its members. Telhio has 10 branches in central and southwestern Ohio and nearly 4,000 shared branches nationwide. Federal insurance by NCUA.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA OHIO
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Copyright Business Wire 2021.
PUB: 07/21/2021 9:00 a.m. / DISC: 07/21/2021 9:01 a.m.
Copyright Business Wire 2021.