Latest news with #LakeTrustCreditUnion
Yahoo
15-05-2025
- Business
- Yahoo
Upstart Holdings (NasdaqGS:UPST) Sees 28% Stock Surge Last Month
Upstart Holdings recently announced a significant turnaround in its first-quarter earnings, with revenue reaching $213 million, a substantial increase from the previous year. The company's improved financial performance, coupled with its optimistic guidance for the rest of 2025, highlights a strong growth trajectory. Over the past month, UPST stock rose 28%, likely buoyed by strategic partnerships with Lake Trust Credit Union and First Commonwealth Federal Credit Union, enhancing its market presence. This surge aligns with broader market trends, as the Nasdaq Composite and S&P 500 also experienced gains, driven by positive economic data and eased global trade tensions. Every company has risks, and we've spotted 2 weaknesses for Upstart Holdings you should know about. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. Upstart Holdings' recent financial turnaround and strategic partnerships have sparked promising developments for the company's long-term narrative. The company achieved a total return of 82.57% over the last year, driven by enhanced market presence through partnerships with institutions like Lake Trust Credit Union and First Commonwealth Federal Credit Union. The performance aligns well against the broader market, as its one-year return surpassed both the Nasdaq Composite and the S&P 500 benchmarks, which also saw gains. These positive changes bolster confidence in Upstart's forecasted revenue and earnings growth, potentially improving its market position. The projected impact on revenue and earnings is significant, with analysts forecasting annual revenue growth of 29.9% over the next three years. This growth is supported by improvements in underwriting and expanding Home Equity Line of Credit (HELOC) offerings, enhanced through banking collaborations. Despite being currently unprofitable with earnings of US$66.43 million, the focus on risk reduction and cost efficiency positions the company for profitability within three years. With a current share price of US$49.19 and a potential price target of US$73.92, there's a substantial gap, reflecting a 33.5% potential upside if forecasts hold true. However, investors should continually re-evaluate assumptions as external factors and industry dynamics evolve. Our expertly prepared valuation report Upstart Holdings implies its share price may be too high. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:UPST. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
07-05-2025
- Business
- Yahoo
Lake Trust Credit Union Selects Upstart for Personal Lending
BRIGHTON, Mich. & SAN MATEO, Calif., April 30, 2025--(BUSINESS WIRE)--Lake Trust Credit Union (Lake Trust), a leading credit union serving 200,000 members and businesses throughout Michigan with over $2.5 billion in assets, has announced its partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to more consumers. "At Lake Trust, we are committed to supporting our members and the communities we serve across the state in their path to financial wellbeing," said David Morgan, Chief Lending Officer & EVP of Lending at Lake Trust Credit Union. "With Upstart, we've been able to reach more prospective members digitally and provide new members a competitive personal lending offering that fits their needs and supports them in meeting their financial goals." Lake Trust Credit Union started lending as a partner on the Upstart Referral Network in January 2025. As part of the Upstart Referral Network, qualified personal loan applicants on who meet Lake Trust's credit policies receive tailored offers as they seamlessly transition into a Lake Trust-branded experience to complete the online member application and closing process. "We are excited to have Lake Trust as part of the family of Upstart lending partners," said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. "Through the Upstart Referral Network, Lake Trust is offering an all-digital, personal lending solution with a strong new member experience that lays the foundation for building long-term relationships through its additional financial solutions." To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video. About Upstart Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart's AI models and cloud applications to deliver superior credit products. With Upstart AI, lenders can approve more borrowers at lower rates while delivering the exceptional digital-first experience customers demand. More than 90% of loans are fully automated, with no human intervention by Upstart. Founded in 2012, Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar "relief" loans. Upstart is based in San Mateo, California. About Lake Trust Credit Union Lake Trust Credit Union strives to support its members, team members and communities in their journey toward wellbeing. Lake Trust understands that harnessing the power in all of us is key to building stronger communities and helping Michiganders reach their goals. Lake Trust currently serves nearly 200,000 members—including both individuals and business owners— and has branches in more than 20 cities, towns and villages throughout the state. To learn more, visit Lake Trust at
Business Wire
30-04-2025
- Business
- Business Wire
Lake Trust Credit Union Selects Upstart for Personal Lending
BRIGHTON, Mich. & SAN MATEO, Calif.--(BUSINESS WIRE)--Lake Trust Credit Union (Lake Trust), a leading credit union serving 200,000 members and businesses throughout Michigan with over $2.5 billion in assets, has announced its partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to more consumers. 'At Lake Trust, we are committed to supporting our members and the communities we serve across the state in their path to financial wellbeing,' said David Morgan, Chief Lending Officer & EVP of Lending at Lake Trust Credit Union. 'With Upstart, we've been able to reach more prospective members digitally and provide new members a competitive personal lending offering that fits their needs and supports them in meeting their financial goals.' Lake Trust Credit Union started lending as a partner on the Upstart Referral Network in January 2025. As part of the Upstart Referral Network, qualified personal loan applicants on who meet Lake Trust's credit policies receive tailored offers as they seamlessly transition into a Lake Trust-branded experience to complete the online member application and closing process. 'We are excited to have Lake Trust as part of the family of Upstart lending partners,' said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. 'Through the Upstart Referral Network, Lake Trust is offering an all-digital, personal lending solution with a strong new member experience that lays the foundation for building long-term relationships through its additional financial solutions.' To learn more about Upstart for Credit Unions and the Upstart Referral Network, please watch this video. About Upstart Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart's AI models and cloud applications to deliver superior credit products. With Upstart AI, lenders can approve more borrowers at lower rates while delivering the exceptional digital-first experience customers demand. More than 90% of loans are fully automated, with no human intervention by Upstart. Founded in 2012, Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar 'relief' loans. Upstart is based in San Mateo, California. About Lake Trust Credit Union Lake Trust Credit Union strives to support its members, team members and communities in their journey toward wellbeing. Lake Trust understands that harnessing the power in all of us is key to building stronger communities and helping Michiganders reach their goals. Lake Trust currently serves nearly 200,000 members—including both individuals and business owners— and has branches in more than 20 cities, towns and villages throughout the state. To learn more, visit Lake Trust at
Yahoo
26-02-2025
- Yahoo
Man charged in Holland Township ATM break-in, chase
HOLLAND TOWNSHIP, Mich. (WOOD) — A man has been charged after allegedly breaking into an ATM in Holland Township, then leading deputies on a chase. Angel Eduardo Mavarez-Romero, who was described by authorities as a Venezuelan national living in Chicago, was arraigned Tuesday on charges of safe breaking and fleeing and eluding, according to the Ottawa County Sheriff's Office. Bond was set at $60,000 total: $50,000 on the charge of safe breaking and $10,000 on the charge of fleeing and eluding. Man arrested after ATM break-in, chase in Holland Twp Early Sunday morning, deputies say they responded to the Lake Trust Credit Union at 3370 W. Shore Drive near Riley Street after getting a report that a man was breaking into an ATM. He took off in a vehicle. Responding deputies found the car 'fleeing at high speed' and followed until the vehicle crashed into the median of US-31 near Barry Street. Then, deputies say the man ran away. Authorities set up a perimeter and a police dog was called to the scene. The man was found hiding under industrial equipment, according to the sheriff's office. The suspect — later identified as Mavarez-Romero — was arrested and jailed. A probable cause conference is scheduled for March 11. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-02-2025
- Yahoo
Man arrested after ATM break-in, chase in Holland Twp
HOLLAND TOWNSHIP, Mich. (WOOD) — A man from Venezuela was arrested after he allegedly broke into an ATM in Holland Township before leading deputies on a chase Sunday morning. Around 3:15 a.m., deputies with the Ottawa County Sheriff's Office were sent to the Lake Trust Credit Union at 3370 W Shore Drive near Riley Street after getting a report that an unknown male was breaking into an ATM. He then took off in a silver Ford Fusion. Responding deputies found the car exiting Greenly Street onto northbound US-31. Deputies followed the car until it crashed into the median of US-31 near Barry Street. The driver then ran away. Deputies set up a perimeter and a police dog was called to the scene, the sheriff's office said. The police dog found the driver hiding under industrial equipment. The driver, a 26-year-old man from Venezuela who was living in Chicago, was arrested on multiple charges. He is being held in the Ottawa County Jail. His name has not been released. The case remains under investigation. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
