Upstart Holdings UPST is expanding its credit union network through a partnership with Credit Union of Denver. Colorado’s oldest state-chartered credit union, founded in 1931, aims to make affordable personal loans more accessible through Upstart’s AI-powered digital lending marketplace.
Credit Union of Denver began lending through Upstart in April 2026. Qualified applicants on Upstart.com who meet the credit union’s lending policies receive tailored offers before being directed to a Credit Union of Denver-branded experience, where they can complete membership applications and loan closing online.
The partnership is expected to help Credit Union of Denver reach more qualified borrowers while maintaining its focus on personalized lending. It also aims to expand credit access for individuals who may be overlooked by traditional lending models.
UPST has also been strengthening its existing credit union relationships. In September 2026, Commonwealth Credit Union, which serves more than 140,000 members, expanded its partnership with Upstart into home equity lines of credit (HELOCs) and indirect auto lending. The relationship began in 2022 with personal lending.
Upstart’s broader business showed stronger momentum in the second quarter of 2026. Total originations were $4.2 billion, up 50% year over year, while revenues increased 42% to $365 million. The company reported $16.5 million in net income and $76.9 million in adjusted EBITDA.
Conclusion
The Denver deal further strengthens Upstart’s network of more than 100 banking and credit union partners. With more than 90% of loans fully automated without human intervention, the company is well-positioned to support efficient digital lending. Such partnerships could help attract more qualified borrowers, increase loan originations and support fee-based revenue growth, strengthening its long-term growth prospects.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have declined 14% compared with the industry's 1.9% fall.
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This article originally published on Zacks Investment Research (zacks.com).