Upgrade Partnership with Credit Unions

Upgrade has been an industry leader in financial institution partnerships, with a long pedigree in the marketplace lending space.

We have generated $3+B in loans in the last 3 years and over 50% of our loans are purchased by credit unions.

Credit Unions can partner with Upgrade to purchase any of Upgradeā€™s facilitated loans including personal loans, cards or auto refi loans.

Opportunity for Credit Unions

  • Attractive yielding asset for prime unsecured customers
  • Cross-marketing opportunities to customers
  • Custom credit criteria
  • Nationwide or in geo-targeted footprint
  • Easy integration and comprehensive diligence materials, average onboarding timeline ~35 days
  • Co-branded offering
  • Buy what you want, when you want it and stop at any time.
  • Purchases available via participations or whole loans
  • Upgrade will deliver a memberized loan
Upgrade Personal Loans

Term: 3 and 5 year
Wtd. Avg FICO*: 715
Wtd. Avg Income: $109,286
Purpose CC /Dbt Cons: 80%
Purpose Home Improv / Large purchase: 10%
% LTV: NA
% Homeowners: 68%

Upgrade Card

Term: 2, 3 and 5 year
Wtd. Avg FICO*: 689
Wtd. Avg Income: $103,245
Purpose CC /Dbt Cons: N/A
Purpose Home Improv / Large purchase: N/A
% LTV: NA
% Homeowners: 59%

Upgrade Auto Refi

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 extends loans below 660 FICO which are typically sold to institutional investors. If you are interested, Upgrade can also offer below 660 FICO loans to your financial institution.

Credit Union Webinars

Consumer Credit - Digital Lending
Upgrade Credit Union Partnerships

For more information, contact us at investor@upgrade.com