MIT Federal Credit Union (MIT FCU) has announced a new partnership with Upstart (NASDAQ: UPST) to provide personal loans to new and existing members.

“MIT Federal Credit Union focuses on providing quality financial services that improve the financial well-being and enrich the lives of our members,” said Rui Domingos, President & Chief Executive Officer at MIT Federal Credit Union. "To expand our personal loan offering to meet the needs of more members, we looked for, and found, a trusted partner in Upstart to complement our loan and membership growth.”

MIT Federal Credit Union started lending as a partner on the Upstart Referral Network in March 2024. With the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet MIT FCU’s credit policies will receive tailored offers as they seamlessly transition into an MIT FCU-branded experience to complete the online member application and closing process.

“We are pleased to welcome MIT Federal Credit Union to the family of Upstart lending partners,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. “As part of the Upstart Referral Network, MIT Federal Credit Union is able to reach and gain new members across its field of membership, while expanding access to affordable credit.”

To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video.