Water and Power Community Credit Union Selects Upstart for Personal Lending
September 08 2021 - 9:00AM
Business Wire
Upstart (NASDAQ: UPST), a leading artificial intelligence (AI)
lending platform, today announced Water and Power Community Credit
Union (WPCCU), a Los Angeles County premier credit union, has
partnered with Upstart to provide personal loans to better reach
new members in the communities it serves.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210908005437/en/
Quote from Barry Roach, WPCCU
President/CEO (Graphic: Business Wire)
“With over 10 million people in the greater Los Angeles area, we
are excited to partner with Upstart to find more creditworthy
borrowers and serve more members,” said Barry Roach, WPCCU
President/CEO. “As a digital-first, human-centered credit union,
WPCCU is partnering with financial technology companies like
Upstart to take care of the financial needs of our members
anywhere, anytime.”
WPCCU became an Upstart lending partner in June 2021 and will be
part of the Upstart Referral Network. With the Upstart Referral
Network, qualified personal loan applicants on Upstart.com who meet
WPCCU’s credit policies receive tailored offers as they seamlessly
transition into a WPCCU-branded experience to complete the online
member application and closing process.
“We are excited to partner with Water and Power Community Credit
Union to expand their personal loan offering to new members across
Los Angeles County,” said Michael Lock, SVP of Lending Partnerships
for Upstart. “As an Upstart lending partner, WPCCU will be able to
reach more borrowers and deliver an all-digital, AI-powered
experience that members today expect."
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, 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 Water and Power Community Credit Union
Water and Power Community Credit Union was formed in 1936 by a
group of employees of the Department of Water and Power in downtown
Los Angeles. All people who live, work, worship or go to
post-secondary school in Los Angeles County can become a member and
open an account with us. Water and Power Community Credit Union
currently holds over $900 million in assets and serves nearly
40,000 members. For more information, visit wpccu.org or call
800-300-9728.
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Mike Nelson mike.nelson@upstart.com
Upstart (NASDAQ:UPST)
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