Credit Unions Tap Upstart's AI Lending Platform: Can It Fuel Growth?

Key Takeaways Peak Credit Union and CAFCU adopted Upstart's AI platform for personal and auto lending. Upstart's Q2 revenues hit $257M with $2.8B in originations, returning to GAAP profitability. Auto and home lending rose sharply, with 92% of loans fully automated using its Model 22.A growing number of credit unions are tapping Upstart Holdings (UPST) to modernize their lending operations. In recent weeks, both Peak Credit Union and Corporate America Family Credit Union (CAFCU) joined the roster of financi ...