Case Study: Sky Federal Credit Union achieves efficient loan growth and expanded reach with Upstart

Maximizing liquidity and breaking branch boundaries Sky FCU’s partnership with Upstart

Sky Federal Credit Union (Sky FCU), a Montana-based credit union with $194M in assets, needed a way to grow loans efficiently while managing liquidity swings, rising competition, and lean staffing. To meet these challenges, Sky FCU turned to Upstart and its Upstart Referral Network for personal loans, seeking a digital lending solution that could support 24/7 member access and fast financial decisions.

With Upstart, Sky FCU adjusted loan parameters to fit changing market conditions and expanded lending beyond its branch footprint. In just six months, Upstart helped Sky FCU originate $1.1M in loans and add 100 new members, while maintaining an average APR of about 13.5% across the portfolio. According to Sky FCU, the partnership delivered in months what would have taken years to build in-house.

Sky Federal Credit Union

Ben Kuss

VP of Sales, Service and Marketing