Cobalt Credit Union, serving 115,000 members with over $1.3 billion in assets, announced a partnership with Upstart to offer personal loans, HELOCs, and auto refinance loans. Cobalt began originating T-Prime personal loans through the Upstart Referral Network in March 2025.
The partnership allows Cobalt to expand its digital reach and deliver accessible, tailored loan solutions across multiple product categories. Cobalt also plans to expand into auto refinance loans later in the year and is purchasing HELOC portfolios from Upstart Mortgage.
This multi-product collaboration enables Cobalt to deploy capital with greater flexibility and expand access to affordable credit nationwide. For Upstart, it signifies a major customer win that diversifies its loan offerings and strengthens its funding model through ongoing portfolio purchases.
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