Corning Credit Union selects Upstart for personal loans | Business
CORNING, NY & SAN MATEO, Calif.–(BUSINESS WIRE)–January 26, 2022–
Corning Credit Union (CCU), a $2.1 billion credit union with a membership scope that includes more than 1,700 employer groups, associations and businesses, today announced that it has partnered with Upstart (NASDAQ:UPST), a leading artificial intelligence (AI) lending platform, to bring AI-powered personal loans to more people.
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Quote from Jason Bierman, SVP & Chief Administrative Officer at CCU (Graphic: Business Wire)
“To better meet the evolving needs of our communities and members, CCU has made significant investments in its digital strategy and online experience over the past several years,” said Jason Bierman, Senior Vice President and Director administration of CCU. “Through the strategic partnership with Upstart, CCU is able to deliver a modern, all-digital, AI-powered experience to lend to more people.”
As an Upstart Lending Partner since September 2021, CCU will be part of the Upstart referral network. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet CCU’s credit policies receive tailored offers as they seamlessly transition to a CCU-branded experience to complete membership application online and the closing process.
“We welcome CCU to the growing family of Upstart Lending Partners,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “As part of the Upstart referral network, CCU will be able to reach and lend to more qualified members and provide broader access to affordable credit.”
To learn more about Upstart for Credit Unions and the Upstart Referral Network, 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 the CCU
Corning Credit Union (CCU) is an independent, member-owned, not-for-profit financial organization serving more than 140,000 members in the United States and many foreign countries. It operates 13 offices in the Corning-Elmira area of New York; in Wilmington, North Carolina; and in Franklin County, Pennsylvania. For more information, visit www.corningcu.org.
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CONTACT: Mike Nelson
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Copyright BusinessWire 2022.
PUBLISHED: 01/26/2022 09:00/DISC: 01/26/2022 09:02
Copyright BusinessWire 2022.