UPST partners with Abound…

SAN MATEO, Calif.–(BUSINESS WIRE)–Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Abound Credit Union, Kentucky’s largest credit union and an advocate of financial education for youth and adults throughout Kentucky, has partnered with Upstart to provide personal loans through all-digital lending powered by AI.

“Our partnership with Upstart will allow Abound to create more possibilities for Kentuckians through an enhanced all-digital personal loan experience,” said Ray Springsteen, President & CEO. “With Upstart, we now have an additional channel to help hard-working families in our service areas, including the military and civilian members we’ve served for more than 70 years.”

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

“Upstart is proud to partner with Abound Credit Union to fuel their mission of improving the financial lives of the Kentucky families they serve,” said Michael Lock, SVP of Lending Partnerships for Upstart. “Through the Upstart Referral Network and our AI lending platform, Abound will be able to reach and lend to new members to improve the financial well-being of more Kentuckians."

Abound Credit Union has been providing valuable banking solutions to help hardworking Kentucky families thrive for more than 70 years. Today, we’ve grown to become Kentucky’s largest credit union with 18 locations, $1.9 billion in assets and over 113,000 military and civilian members.