Cobalt Credit Union (Cobalt), a leading credit union serving 115,000 members across the country with over $1.3 billion in assets, has announced its partnership with Upstart to offer personal loans, HELOCs and auto refinance loans to more consumers.
“To support Cobalt’s mission of being our members’ trusted financial partner through every stage of life, we’re focused on expanding our digital reach to deliver more accessible, tailored loan solutions,” said Robin Larsen, president and CEO of Cobalt Credit Union. “By partnering with Upstart across its secured and unsecured products, we’re able to offer competitive rates online, deploy capital with greater flexibility, and expand access to affordable credit for members nationwide.”
Cobalt Credit Union started lending as a partner on the Upstart Referral Network in March 2025, originating T-Prime personal loans, with plans to expand into auto refinance loans later this year. As part of the Upstart Referral Network, qualified loan applicants on Upstart.com who meet Cobalt’s credit policies receive tailored offers as they seamlessly transition into a Cobalt-branded experience to complete the online member application and closing process.
Cobalt is also purchasing portfolios of home equity lines of credit (HELOCs) from Upstart’s affiliate, Upstart Mortgage, on an ongoing basis to further expand and diversify its consumer lending offerings.
“We are excited to have Cobalt be a part of the family of Upstart lending partners,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. “Through our partnership, Cobalt will be able to grow T-Prime personal loans, HELOCs and auto refinance loans, while also expanding its membership through an all-digital, lending experience.”