MANCHESTER, NH & SAN MATEO, CA, March 22, 2022–(BUSINESS WIRE)–Bellwether Community Credit Union, a New Hampshire-based nonprofit credit union with approximately 30,000 members, recently announced its partnership with Upstart (NASDAQ:UPST), an artificial intelligence lending platform (IA) leader, to offer AI-powered personal loans to consumers residing or working in New Hampshire and Essex and Middlesex counties in Massachusetts.
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Quote from Bill Zafirson, senior vice president and chief loan officer of Bellwether Community Credit Union (Graphic: Business Wire)
“Our goal is to provide the best pricing, service and digital experience to meet the expectations of today’s consumers,” said Bill Zafirson, senior vice president and chief loan officer of Bellwether Community Credit Union. “Through our partnership with Upstart, we will be able to expand our membership and help more people in need through more inclusive lending, enabled by a fully digital consumer lending experience powered by AI.”
Bellwether Community Credit Union became an Upstart Lending Partner in December 2021 to become part of the Upstart Referral Network. With the Upstart referral network, qualified personal loan applicants on Upstart.com who meet Bellwether’s credit policies receive tailored offers as they seamlessly transition to a Bellwether branded experience to complete the online member application and closing process.
“We are thrilled to welcome Bellwether Community Credit Union to the Upstart Lending Partner family,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “Through Upstart’s AI lending platform, Bellwether will be able to expand access to affordable credit and reach more creditworthy borrowers in New Hampshire and Essex counties and Middlesex, Massachusetts.”
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 Bellwether Community Credit Union
Since 1921, Bellwether Community Credit Union has provided financial services to consumers residing or working in New Hampshire and Essex and Middlesex counties in Massachusetts. As a non-profit credit union, Bellwether is committed to giving back to members through better rates and lower fees; local and personalized service; and digital channels that simplify the way people bank, borrow and pay. Members can access their accounts at nearly 30,000 free ATMs nationwide and at approximately 6,500 CU service centers worldwide. Bellwether Community Credit Union has branches in Bedford, Manchester and Nashua. For more information about Bellwether Community Credit Union, visit www.BCCU.org.
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