POTTSTOWN, PA, and SAN MATEO, CA — Diamond Credit Union, a Pennsylvania-based credit union with over $1 billion in assets and more than 64,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The collaboration aims to provide personal loans to both new and existing credit union members.
“At Diamond Credit Union, we aim to guide, grow, and give back to every member of our community,” said Lori Levengood, Senior Vice President and Chief Lending Officer at Diamond Credit Union. She added that the partnership with Upstart will enable the credit union to extend its reach and offer a fully digital personal lending experience.
Diamond Credit Union joined the Upstart Referral Network in April 2023. Through this network, qualified personal loan applicants on Upstart.com who meet Diamond Credit Union’s credit policies will receive tailored loan offers. Applicants can then seamlessly transition into a Diamond Credit Union-branded experience to complete the online application and closing process.
“We welcome Diamond Credit Union to the Upstart family of lending partners,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. He noted that the partnership would help increase access to affordable credit for members across various communities.
This initiative aims to leverage technology to enhance Diamond Credit Union services. By integrating AI-driven solutions from Upstart, the credit union seeks to streamline the lending process, making it easier for more people to obtain personal loans.
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