Partnership Opportunities with Credit Unions
With over 135 financial institution partners, a seasoned team and sterling pedigree in consumer lending, we are the industry leader in credit union partnerships.
Our credit union partners utilize our flexible balance sheet solutions to solve for margin compression, balance sheet diversification, excess liquidity deployment, and fee income replacement.
We have facilitated $15+ billion in loans, including $7.5 billion in 2021 alone.
This year, Upgrade Card registered as the fastest-growing U.S. credit card by outstanding balances, and is the only card with a triple-digit growth rate, according to the March 2022 Nilson Report. We remain the only fintech company with a credit card product listed among the top 50 U.S. Visa and MasterCard issuers.
Headquartered in San Francisco, California, we also have a service center in Phoenix, Arizona, and a technology center in Montreal, Canada.
For more information, please contact investor@upgrade.com.
San Francisco
Headquarters
Phoenix
Service Center
Montreal
Technology Center
Partnership Opportunity
Upgrade has partnerships currently available for purchasing any of our facilitated loans, including personal loans, cards and auto refi loans.
Our asset purchase program is flexible with custom credit criteria, nationwide or geography-specific, has no minimum commitment, and is easily incorporated with your existing ALM strategies.
- Attractive yielding asset for prime customers
- Memberized loans for our credit union partners
- Average onboarding ~30 days: Dedicated onboarding team for easy integration and comprehensive diligence materials
- Online account access and account managers for ongoing support
- Loan servicing by Upgrade
Term: up to 7 years
Wtd. Avg FICO*: 715
Wtd. Avg Income: $110,583
Purpose CC /Dbt Cons: 91%
Purpose Home Improv / Large purchase: 7.5%
% LTV: NA
% Homeowners: ~50%
Term: 2, 3 and 5 year
Wtd. Avg FICO*: 704
Wtd. Avg Income: $103,247
Purpose CC /Dbt Cons: N/A
Purpose Home Improv / Large purchase: N/A
% LTV: NA
% Homeowners: 45%
Term: 3-7 year
Wtd. Avg FICO*: 712
Wtd. Avg Income: $108,500
Purpose CC /Dbt Cons: N/A
Purpose Home Improv / Large purchase: N/A
% LTV: 120%
% Homeowners: 70%
* Minimum 660+ FICO. Upgrade facilitates loans below 660 FICO, which are typically sold to institutional investors.
Credit Union Webinars
For more information, contact us at investor@upgrade.com