Fintech News

BCU Selects Upstart for Personal Lending

BCU Selects Upstart for Personal Lending

BCU, one of the nation’s Top 100 credit unions serving over 300,000 members in the United States and Puerto Rico, announced it has partnered with Upstart , a leading artificial intelligence (AI) lending platform, to offer AI-powered personal loans to more people.

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“With BCU’s focus on empowering people to discover financial freedom, we are delighted to partner with Upstart to provide an all-digital, AI-powered lending experience to reach and lend to more eligible non-members nationwide,” said Dave Brydun, Senior Vice President of Lending at BCU. “With BCU’s Workplace Banking partnerships and the Upstart Referral Network, we can deliver more inclusive lending to better serve new and existing members.”

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As an Upstart lending partner since June 2021, BCU will be part of the Upstart Referral Network. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet BCU’s credit policies receive tailored offers as they seamlessly transition into a BCU-branded experience to complete the online member application and closing process.

“We are proud to partner with BCU to provide an all-digital personal lending experience to improve the financial wellness of more eligible BCU members,” said Michael Lock, SVP of Lending Partnerships for Upstart. “Through the Upstart Referral Network, BCU will be able to offer personal loans to serve more employees and families of some of America’s best workplaces and those living or working in Chicago-area communities.”

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