AMOCO Federal Credit Union Selects Upstart for Personal Lending

AMOCO Federal Credit Union (AMOCO), a Texas-based, member-owned cooperative organization with over 106,000 members and over $1.4 billion in assets, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.

“AMOCO Federal Credit Union strives to be there for all of the financial needs of our members and the communities we serve,” said Jeremy Silva, Chief Financial Officer at AMOCO Federal Credit Union. "AMOCO chose to partner with Upstart to provide a fast, convenient, all-digital personal lending experience that meets the expectations of our members and provides more access to affordable credit to underserved communities.”

AMOCO Federal Credit Union started lending as a partner on the Upstart Referral Network in March 2023. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet AMOCO’s credit policies will receive tailored offers as they seamlessly transition into an AMOCO Federal Credit Union-branded experience to complete the online member application and closing process.

“We are proud to have AMOCO Federal Credit Union as part of the Upstart Referral Network,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. “As an Upstart lending partner, AMOCO is able to serve more individuals in the Houston and Galveston markets with their personal loan offering.”