On Demand Webinar
How Credit Unions Can Embrace Fintech Partnerships to Expand into New Products
President and CEO Agriculture Federal Credit Union
Upstart Referral Network - Personal Loans
The decision to partner
Even as a more conservative credit union, Agriculture Federal Credit Union (AgFed) knew they needed to embrace fintech partnerships once COVID-19 struck. “You could no longer sit there with paralysis by analysis – you had to make some quick decisions and embrace the change,” explained Click.
They explored buying participations, but the AgFed team wanted more control over the credit policy and wished to grow those relationship into new members.
“Instead of buying participations, I thought, ‘why would I do that? I’d rather have more control and get a better return,’”said Click.
In less than 3 months with Upstart, AgFed has been able to: