AgFed Credit Union chooses Upstart for personal loans

WASHINGTON & SAN MATEO, Calif., January 12, 2022–(BUSINESS WIRE)–Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that AgFed Credit Union (AgFed), a credit union based in Washington DC, has partnered with Upstart to provide personal loans to better reach new members in the communities it serves.

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Quote from AgFed CEO Margie Click (Graphic: Business Wire)

“With our focus on providing the highest quality of service and market-leading products, AgFed is thrilled to partner with Upstart to expand our reach and ability to serve more eligible members nationwide,” said Margie. Click, CEO of AgFed. “With Upstart’s modern, all-digital lending experience, AgFed will be able to meet the expectations and needs of today’s consumer.”

AgFed became an Upstart Lending Partner in September 2021 and will be part of the Upstart Referral Network. With the Upstart Referral Network, qualified personal loan applicants on who meet AgFed’s credit policies receive tailored offers as they seamlessly transition to an AgFed-branded experience to complete the loan application. online member and the closing process.

“We are proud to partner with AgFed Credit Union to offer personal loans to new and current members nationwide,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “As a lending partner in the Upstart Referral Network, AgFed will be able to lend and serve more creditworthy borrowers.”

To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video.

About Upstart

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 AgFed Credit Union

AgFed began in 1934 in Washington, DC and now serves individuals nationwide. Providing the highest quality of service is our top priority. We offer market-leading mortgages, auto loans, credit cards, checking accounts and a wide range of other accounts, always with our members’ best interests in mind. AgFed is federally insured by NCUA and is an equal housing lender. With over $300 million in assets, over 25,000 members and 6 AgFed branches, members have access to their accounts and our services 24/7.

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