Telhio Credit Union Selects Upstart for Personal Lending
Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Telhio Credit Union, a Columbus-based credit union serving members across Ohio, has partnered with Upstart to provide personal loans to better support its members and the communities it serves.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210721005370/en/
(Graphic: Business Wire)
Telhio Credit Union became an Upstart lending partner in May 2021 and will be offering personal loans powered by Upstart's all-digital, AI-lending platform.
"Telhio selected Upstart as our partner for AI lending based on the modern, member-centric experience of its online personal loan application process," said Derrick Bailey, Chief Sales Officer, Telhio Credit Union. "With Upstart's AI lending platform, we will be able to improve credit access based on true risk based on over 1,000 variables without the overreliance on the traditional credit score and debt-to-income ratio to determine a borrower's creditworthiness."
As an Upstart lending partner, Telhio Credit Union will be part of the Upstart Referral Nework. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet Telhio's credit policies receive tailored offers as they seamlessly transition into a Telhio-branded experience to complete the online member application and closing process.
"We are excited to help Telhio Credit Union expand its digital channels and offer a new personal loan product to its members in the communities it serves," said Michael Lock, SVP of Lending Partnerships for Upstart. "Through our AI lending platform, Telhio will be able to help more creditworthy individuals improve their financial wellness and provide an all-digital personal lending experience that its members expect."
To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video.
About Telhio Credit Union