Sharonview Federal Credit Union Selects Upstart for Personal Lending
May 18 2022 - 9:00AM
Business Wire
Sharonview Federal Credit Union, a top credit union serving over
100,000 members in the Carolinas and nationwide, today announced it
has partnered with Upstart (NASDAQ: UPST), a leading artificial
intelligence (AI) lending platform, to offer AI-powered personal
loans to more people.
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the full release here:
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Quote from David Brand, Senior Vice
President of Lending Operations at Sharonview (Graphic: Business
Wire)
“With Sharonview’s focus on improving the financial standing of
our members, we are proud to partner with Upstart to provide a
better all-digital, AI-powered lending experience to benefit new
members across the communities we serve,” said David Brand, Senior
Vice President of Lending Operations at Sharonview. “With Upstart,
we will be able to serve more credit-worthy members and provide
access to capital to those who need it most.”
As an Upstart lending partner since February 2022, Sharonview
will be part of the Upstart Referral Network. With the Upstart
Referral Network, available at Upstart.com, qualified personal loan
applicants who meet Sharonview’s credit policies will receive
tailored offers as they seamlessly transition into a
Sharonview-branded experience to complete the online member
application and closing process.
“We are excited to welcome Sharonview Federal Credit Union into
the family of Upstart lending partners,” said Michael Lock, SVP of
Lending Partnerships for Upstart. “With the Upstart Referral
Network, Sharonview will be able to reach more potential members
and help address their financial needs.”
To learn more about Upstart for Credit Unions and the Upstart
Referral Network, please watch this video.
About Upstart
Upstart (NASDAQ: UPST) is a leading AI lending platform
partnering 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 for every race, ethnicity, age, and
gender, while simultaneously delivering the exceptional
digital-first lending experience their customers demand. More than
two-thirds of Upstart loans are approved instantly and are fully
automated. Upstart was founded by ex-Googlers in 2012 and is based
in San Mateo, California and Columbus, Ohio.
About Sharonview Federal Credit Union
Sharonview Federal Credit Union, awarded `Top Workplace’ 2021 by
The Charlotte Observer and ranked No.1 credit union in South
Carolina by Forbes in 2018, is headquartered in Indian Land, South
Carolina, and has been serving its members since 1955. Today,
Sharonview serves over 100,000 members nationwide, has assets
totaling more than $1.7 billion and operates 19 branches in North
Carolina and South Carolina. It is also ranked as one of the top
200 credit unions in the country, proving its dedication to
providing its members with a full array of value-added financial
services, all of which are backed by the United States government
and federally insured by the National Credit Union Administration.
Sharonview currently stands above the crowd in delivering the
personal touch, providing loans with fewer restrictions, flexible
terms and lower rates. For more than 65 years, Sharonview has
promised exceptional value and delivered financial services members
can trust, with us it’s personal. For more information on
Sharonview Federal Credit Union: www.sharonview.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20220518005541/en/
Mike Nelson mike.nelson@upstart.com
Amy George, for Sharonview Federal Credit Union
amy@bygeorgecomms.com
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