LendingClub Bank, National Association


2701 N Thanksgiving Way
Lehi, UT 84043
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.85% 1.02% →
1-Year CD 1.30% 1.45% →
2-Year CD 0.10% 2.86% →
5-Year CD 0.10% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

LendingClub Bank, National Association is an FDIC insured institution located in Lehi, UT. It was founded in 1987 and has approximately $4.32 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 32551
Date Established 1987
Assets $ 4.32 billion
Loans $ 3.09 billion
Deposits $ 3.20 billion
Capital $ 634.25 million

For a more detailed analysis of LendingClub Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 23, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Online Savings
0.85% $2,500 - Learn More
6 Month CD
0.10% $1,000 - Learn More
9 Month CD
0.10% $1,000 - Learn More
1 Year CD
1.30% $2,500 - Learn More
18 Month CD
0.10% $500 - Learn More
2 Year CD
0.10% $500 - Learn More
3 Year CD
0.10% $500 - Learn More
4 Year CD
0.10% $500 - Learn More
5 Year CD
0.10% $500 - Learn More

Int Checking Rates APY MIN MAX
Radius Rewards Checking
0.10% $2,500 - Learn MoreShow Less
Rewards Checking
0.15% $100,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Essential Checking 0.00% $0 $9.00 Learn MoreShow Less

Bank Online Offers

Radius Bank raises High Yield Savings Rate to 1.96% on Balances over $25,000
Aug 31, 2018

Radius Bank has raised its high yield savings rate on balances over $25,000 from 1.86% to 1.96%.   Compare all online savings rates here.


Loan Rates - May 23, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LendingClub Bank, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
6.106% 5.990%
0.75 points
$3,125 fees
$1,498 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 3.490 %
After Intro: 4.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to LendingClub Bank, National Association
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LendingClub Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Climate Initiatives

LendingClub Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

LendingClub Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of LendingClub Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
LendingClub Bank, National Association U.S. Bank Average
4.54% 3.95%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2021, LendingClub Bank, National Association had $35,345,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $634,249,000 in equity and $144,389,000 in loans loss reserves. That gives it a Texas Ratio of 4.54%.

Return on Equity
LendingClub Bank, National Association U.S. Bank Average
17.64% 10.50%

LendingClub Bank, National Association has a Return on Equity of 17.64% versus the BestCashCow average of 10.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

LendingClub Bank, National Association U.S. Bank Average
14.67% 11.55%

LendingClub Bank, National Association has a Capitalization of 14.67% versus the BestCashCow average of 11.55. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

LendingClub Bank, National Association Balance Sheet Analysis

As of December 31, 2021, LendingClub Bank, National Association had assets of $4,322,051,000, loans of $3,090,186,000, and deposits of $3,196,929,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2021
Cash & Balances due from depository institutions $ 659.92 million
Interest-bearing balances $ 621.47 million
Total securities $ 205.73 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.09 billion
Loan loss allowance $ 144.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 148.45 million
All other assets $ 206.54 million
     Total Assets $ 3.69 billion
Total deposits $ 3.20 billion
      Interest-bearing deposits $ 2.92 billion
      Deposits held in domestic offices $ 3.20 billion
      % insured (estimated) 52.59%
Federal funds purchased and repurchase agreements $ 0.17 million
Trading liabilities N.A.
Other borrowed funds $ 271.93 million
Subordinated debt N.A.
All other liabilities $ 218.77 million
      Total Liabilities $ 3.69 billion
      Shareholders’ Equity $ 634.25 million

Summary Income Statement

December 31, 2021
Total Interest Income $ 210.74 million
Total Interest Expense $ 8.41 million
Net interest income $ 202.33 million
Provision for loan and lease losses $ 142.18 million
Total non interest income $ 558.02 million
Total non interest expense $ 547.80 million
Pre-tax Net Operating Income $ 70.36 million

Bank Loan Profile?

The top three loan types in LendingClub Bank, National Association’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks, LendingClub Bank, National Association’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.90
Credit Card Loans 0.00
Consumer Auto Loans 2.23
Small Business Loans 1.09
Construction and Development Loans 1.09
Commercial Real Estate 8.04
Commercial and Industrial Loans 13.52
Farm Loans 0.00

Customer Reviews for LendingClub Bank, National Association (16)

  • April 12, 2022 |

    Online Savings Rates

    The phone reps are about as helpful as can be, but they cannot handle the fact that the account cannot be opened if you were with their predecessor bank, and then the website doesn't work properly.

  • March 10, 2022 |

    Online Savings Rates


  • March 1, 2022

    Online Savings Rates

    This is the most mismanaged online bank I have ever dealt with. Beyond dumb customer service peeps. Like to jump thru hoops, try to open an acct. with this bank. I declined & went with another bank! Whew....

  • February 22, 2022 |

    Online Savings Rates

    Nice lady on the phone but the rest of the experience concerns me so I did not open. Also a tremendously stupid name.

  • February 7, 2022 |

    Online Savings Rates

    ownership by a tremendously stupid company and crazy disorganization make me too nervous to be a depositor there.

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