BELLEVUE, Ohio & SAN MATEO, Calif.–(BUSINESS WIRE)–Firelands Federal Credit Union (Firelands FCU), an Ohio-based credit union with more than 32,000 members and $385 million in assets, today announced its partnership with Upstart (NASDAQ: UPST) , a leading artificial intelligence (AI) lending platform, to provide its members with AI-powered personal loans and auto refinance loans.
Firelands FCU became an Upstart Lending Partner in October 2021 and will offer Upstart-powered personal loans and auto refinance loans on its credit union website to better serve its members anywhere, anytime.
“Through our partnership with Upstart to power both personal loans and auto refinance loans, Firelands FCU will accelerate our digital transformation initiative by providing our members with a modern, all-digital lending experience,” said Brett Montague, President and CEO of Firelands FCU. “Through Upstart’s AI Lending Platform, we will be able to say yes to more creditworthy members while lending more inclusively in the communities we serve. »
“We are thrilled to partner with Firelands FCU to deliver an all-digital personal loan and auto refinance experience to its members,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “Through our AI Lending Platform, Firelands FCU will be able to help more members access affordable credit easily and quickly.
To learn more about Upstart for Credit Unions, please watch this video.
Upstart (NASDAQ: UPST) is an artificial intelligence-powered lending platform that partners with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, banks and credit unions powered by Upstart can have higher approval rates and lower loss rates for every race, ethnicity, age and sex, while simultaneously delivering the exceptional digital lending experience their customers demand. More than 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, Calif., and Columbus, Ohio.
About Firelands Federal Credit Union
Established in 1957, Firelands Federal Credit Union (Firelands FCU) is a federally accredited credit union serving more than 32,000 members across Ohio with six branches located in Bellevue, Bucyrus, Galion, Monroeville, Norwalk and Sandusky . With over $385 million in assets, Firelands FCU strives to provide the highest quality of service with the highest value of products that best meet the financial needs of its members and communities. To learn more, visit www.firelandsfcu.org.