LendingClub Bank, National Association Articles
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LendingClub Bank, National Association
2021 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 $3.36 billion in assets. Customers can open an account at one of its 3 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 32551 |
| Date Established | 1987 |
| Assets | $ 3.36 billion |
| Loans | $ 2.43 billion |
| Deposits | $ 2.54 billion |
| Capital | $ 494.99 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 - November 28, 2021
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings
|
0.60% | $2,500 | - |
Learn More
|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
0.10% | $1,000 | - |
Learn More
|
| 9 Month CD
|
0.10% | $1,000 | - |
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|
| 1 Year CD
|
0.10% | $500 | - |
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|
| 18 Month CD
|
0.10% | $500 | - |
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|
| 2 Year CD
|
0.10% | $500 | - |
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|
| 3 Year CD
|
0.10% | $500 | - |
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|
| 4 Year CD
|
0.10% | $500 | - |
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|
| 5 Year CD
|
0.10% | $500 | - |
Learn More
|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Radius Rewards Checking
|
0.10% | $2,500 | - | Learn More |
| Rewards Checking
|
0.15% | $100,000 | - | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Essential Checking | 0.00% | $0 | $9.00 | Learn More |
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 - November 28, 2021
Your Current Location: Virginia, VA 20146
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 - Virginia 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 3030 |
3.967% |
3.875% 0.63 points $2,812 fees |
$1,176 | Learn More |
NMLS ID: 541760 |
3.046% |
2.975% 0.88 points $2,280 fees |
$1,051 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.916% |
2.875% 0.50 points $1,315 fees |
$1,038 | Learn More |
NMLS ID: 3030 |
3.736% |
3.625% 0.88 points $3,438 fees |
$1,141 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR
2.990 %
After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Flagstar Bank-Heloc See Table |
4.990 %
|
$0 |
Learn More
More Info |
Note to LendingClub Bank, National Association
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
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.
Your Location:
Ashburn,Virginia
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 |
|---|---|
| 3.01% | 4.78% |
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 June 30, 2021, LendingClub Bank, National Association had $17,016,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $494,988,000 in equity and $71,081,000 in loans loss reserves. That gives it a Texas Ratio of 3.01%.
Return on Equity
| LendingClub Bank, National Association | U.S. Bank Average |
|---|---|
| 7.02% | 11.29% |
LendingClub Bank, National Association has a Return on Equity of 7.02% versus the BestCashCow average of 11.29%. 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.
Capitalization
| LendingClub Bank, National Association | U.S. Bank Average |
|---|---|
| 14.74% | 11.72% |
LendingClub Bank, National Association has a Capitalization of 14.74% versus the BestCashCow average of 11.72. 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 June 30, 2021, LendingClub Bank, National Association had assets of $3,357,898,000, loans of $2,432,865,000, and deposits of $2,541,317,000. 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
June 30, 2021| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 493.92 million |
| Interest-bearing balances | $ 444.41 million |
| Total securities | $ 182.13 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.43 billion |
| Loan loss allowance | $ 71.08 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 114.31 million |
| All other assets | $ 125.94 million |
| Total Assets | $ 2.86 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.54 billion |
| Interest-bearing deposits | $ 2.45 billion |
| Deposits held in domestic offices | $ 2.54 billion |
| % insured (estimated) | 30.96% |
| Federal funds purchased and repurchase agreements | $ 0.32 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 195.48 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 125.79 million |
| Total Liabilities | $ 2.86 billion |
| Shareholders’ Equity | $ 494.99 million |
Summary Income Statement
June 30, 2021| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 62.82 million |
| Total Interest Expense | $ 3.22 million |
| Net interest income | $ 59.60 million |
| Provision for loan and lease losses | $ 58.92 million |
| Total non interest income | $ 213.06 million |
| Total non interest expense | $ 213.68 million |
| Pre-tax Net Operating Income | $ 0.06 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.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 6.27 | ✓ | ||
| Multifamily Mortgages |
1.23 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.82 | ✓ | ||
| Small Business Loans | 1.39 | ✓ | ||
| Construction and Development Loans | 1.59 | ✓ | ||
| Commercial Real Estate | 9.30 | ✓ | ||
| Commercial and Industrial Loans | 27.06 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
*Should any logos, images or public notes appear on this page,they do so courtesy of LendingClub Bank, National Association and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for LendingClub Bank, National Association
tristan c
November 12, 2021 |
was not able to open account online
Is this review helpful? Yes:0 / No: 0
new name for a dreadful bank
December 13, 2016 |
This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.
Is this review helpful? Yes:3 / No: 0
Rich
April 6, 2016
Nice of them to keep lowering the rate by .04 at a time.
Is this review helpful? Yes:2 / No: 0
JC in CA
March 17, 2016
I had the same problem as Jason. The reason for my rejection was there were more than 2 hard pulls on my credit and that automatically results in a rejection. You have to wait 3 days for the system to clear before reapplying again.
Is this review helpful? Yes:2 / No: 0
Jason Goldberg
March 16, 2016
Avoid this one at all costs. Only after filling out all of your information and clicking submit do you discover that they are doing a hard credit pull on you, and then a day later you are going to get rejected for a savings account on the grounds that some two-bit credit agency couldn't match you with their records. Save yourself the time and the trouble. Avoid, avoid, avoid.
Is this review helpful? Yes:2 / No: 0
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