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Prosper and Alliant Credit Union Celebrate a Successful First Year

On June 27, 2025, Prosper Marketplace, a trailblazer in peer-to-peer lending, and Alliant Credit Union, a leading financial cooperative in Illinois, celebrated the one-year anniversary of their strategic partnership. This collaboration has made a substantial impact in the financial landscape, providing over $325 million in loans to more than 15,000 unique borrowers.

The Partnership's Impact

The partnership brings together Prosper's innovative approach to lending and Alliant's commitment to member-first financial solutions. By leveraging their combined strengths, they have been able to offer flexible credit options that cater to a variety of financial needs, including debt consolidation and major life expenses.

"We have been thrilled to partner with such a like-minded financial institution, whose member-first philosophy closely aligns with our mission to advance financial well-being," said Usama Ashraf, President and Chief Financial Officer of Prosper. This sense of mutual respect and shared vision has been a driving force behind their efforts to innovate within the financial services space.

A Commitment to Innovation

Charles Krawitz, Executive Vice President and Chief Capital Markets Officer at Alliant Credit Union, emphasized the importance of this partnership, stating, "Our collaboration with Prosper exemplifies Alliant's commitment to leveraging innovation to deliver meaningful financial solutions. By aligning with a partner that shares our values and vision, we're able to extend our reach and impact, helping more people achieve financial well-being with confidence and clarity."

The partnership's success can be seen not only in the numbers but also in the improved financial outcomes for borrowers who have accessed loans through Prosper. With products designed to meet various financial needs—from personal loans to home equity lines—Prosper is dedicated to advancing consumers' financial well-being.

Looking Towards the Future

Both companies are dedicated to building on this foundation, with plans to expand their offerings and support even more Americans in achieving their financial aspirations. With upcoming initiatives, they aim to reach individuals who might be struggling with high-interest debts or major expenses. This is reflective of their long-term vision to empower consumers and allow them to take control of their financial futures.

About Prosper

Founded in 2005, Prosper is known as the first peer-to-peer lending platform in the United States. Over the past twenty years, it has connected millions of borrowers with investors, enabling countless individuals to achieve greater financial security. Prosper has adapted its service offerings over time, introducing new products that cater to the evolving financial landscape. Notably, its flagship personal loan marketplace continues to support borrowers by providing options that are not only user-friendly but also innovative.

About Alliant Credit Union

Alliant Credit Union stands out as a national digital financial institution with a membership exceeding 900,000 and total assets of $20 billion. Renowned for its commitment to innovation, Alliant has consistently received accolades for providing exceptional financial products and services. Founded in 1935 and based in Chicago, Alliant has solidified its role as one of the largest credit unions in the nation.

As both organizations commemorate this milestone, they look forward to a future filled with promise and opportunity, ensuring that their members and borrowers continue to thrive in a dynamic financial landscape.