LendingClub Bank

LendingClub Bank

Since our founding in 2006, we have transformed the banking industry by bringing a traditional credit product - the installment loan - online and we’ve been on the fast track ever since. We are one of the first fintechs to acquire a national bank charter, which has transformed our business economics and introduced all new capabilities, and now others are following our lead, validating the strength of our model. We are one of America’s largest providers of unsecured personal loans, originating more than $70 billion in loans to our over 4 million high-FICO, high-income members and helping them save millions on their cost of credit. And we’re just getting started.

The Problem We Are Solving:
More than 50% of Americans are living paycheck to paycheck – and that includes people making over $100K annually. We’re able to provide cost-effective ways for our members to bridge cash flow gaps and better ways to lend, spend, and save.

A Culture that Delivers

Impact: We’re tackling big problems, but we’re a small enough organization for each individual to make a real difference

People: We’re a group of smart, kind, low-ego, and values-driven people from a wide variety of industries and backgrounds who are committed to our mission

Ideas: We seek out the best ideas – no matter where they come from – to look beyond what is possible today

Values: It’s not just what you accomplish, it’s also how you accomplish it that matters
Claimed Profile
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Info

Year founded
2006
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URL
www.lendingclub.com
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Corporate Address
2701 N Thanksgiving Way
Lehi
84043
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Utah
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Operating Status
Active
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Number of employees
1,001-5,000
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Bank type
National
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Charter
25228
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Financials

Total assets
8610839000
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Assets concentration
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Net income
34581000
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Net income - quarterly
6726000
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Return on assets (ROA)
0.42324219308411415
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Asset Concentration Hierarchy
6
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Fintech program & Technology

Sponsor model
Both
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CRM Software
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Core Provider
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Side-Core Provider
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Loan origination software
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Bin sponsor
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Card Networks
Visa
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Network Processor
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Preferred account structure
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Services
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Checking
Debit Card
Savings
Existing fintech program partners
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Other Infrastructure Partners
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Association memberships
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Regulatory & Other

Regulated by
OCC
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Contacts

Contacts
Prahlada Thirumalai
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Testimonials

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