LendingClub Bank, National Association

Headquarters

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

LendingClub Bank, National Association
Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD 0.50% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

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 $3.29 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 32551
Date Established 1987
Assets $ 3.29 billion
Loans $ 2.14 billion
Deposits $ 2.41 billion
Capital $ 428.55 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 - September 17, 2021

Your Current Location: Connecticut, CT 06828

CD Rates APY MIN MAX
6 Month CD
0.25% $1,000 - Learn More
9 Month CD
0.25% $1,000 - Learn More
1 Year CD
0.50% $500 - Learn More
18 Month CD
0.50% $500 - Learn More
2 Year CD
0.50% $500 - Learn More
3 Year CD
0.50% $500 - Learn More
4 Year CD
0.50% $500 - Learn More
5 Year CD
0.50% $500 - Learn More

Int Checking Rates APY MIN MAX
Radius Rewards Checking
0.10% $2,500 - Learn MoreShow Less
Radius 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 - September 17, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$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:
Fairfield,Connecticut


LendingClub Bank, National Association Locations


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
2.57% 5.29%

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 March 31, 2021, LendingClub Bank, National Association had $11,936,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $428,552,000 in equity and $36,132,000 in loans loss reserves. That gives it a Texas Ratio of 2.57%.

Return on Equity
LendingClub Bank, National Association U.S. Bank Average
-39.07% 11.43%

LendingClub Bank, National Association has a Return on Equity of -39.07% versus the BestCashCow average of 11.43%. 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
13.02% 11.51%

LendingClub Bank, National Association has a Capitalization of 13.02% versus the BestCashCow average of 11.51. 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 March 31, 2021, LendingClub Bank, National Association had assets of $3,290,896,000, loans of $2,140,131,000, and deposits of $2,409,724,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 792.70 million
Interest-bearing balances $ 776.52 million
Total securities $ 151.65 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.14 billion
Loan loss allowance $ 36.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 98.71 million
All other assets $ 96.23 million
     Total Assets $ 2.86 billion
LIABILITIES
Total deposits $ 2.41 billion
      Interest-bearing deposits $ 2.23 billion
      Deposits held in domestic offices $ 2.41 billion
      % insured (estimated) 47.04%
Federal funds purchased and repurchase agreements $ 2.74 million
Trading liabilities N.A.
Other borrowed funds $ 372.92 million
Subordinated debt N.A.
All other liabilities $ 76.96 million
      Total Liabilities $ 2.86 billion
      Shareholders’ Equity $ 428.55 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 17.50 million
Total Interest Expense $ 1.25 million
Net interest income $ 16.25 million
Provision for loan and lease losses $ 23.96 million
Total non interest income $ 56.01 million
Total non interest expense $ 75.50 million
Pre-tax Net Operating Income N.A.

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 7.71
Multifamily
Mortgages
1.16
Credit Card Loans 0.00
Consumer Auto Loans 0.49
Small Business Loans 1.48
Construction and Development Loans 1.95
Commercial Real Estate 11.49
Commercial and Industrial Loans 35.91
Farm Loans 0.00

Frequently Asked Questions About Lendingclub Bank, National Association

Branches and Savings

Is Lendingclub Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #32551.

Why does Lendingclub Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Lendingclub Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Lendingclub Bank, National Association a commercial bank?

Yes

Where are Lendingclub Bank, National Association locations?

See branch locations nearby.

Is Lendingclub Bank, National Association open on Saturdays?

Is Lendingclub Bank, National Association open on Sundays?

What time does Lendingclub Bank, National Association open?

What time does Lendingclub Bank, National Association close?

Are Lendingclub Bank, National Association ATMs Open 24/7?

Do Lendingclub Bank, National Association ATMs accept cash deposits?

Can Lendingclub Bank, National Association customers use other ATMs?

Do Lendingclub Bank, National Association branches have notaries?

Will Lendingclub Bank, National Association notarize my document?

What address for Lendingclub Bank, National Association should I put for incoming ACH transfers?

Will the Lendingclub Bank, National Association branch print checks?

Do Lendingclub Bank, National Association checks expire?

Does Lendingclub Bank, National Association require US citizenship to open account?

Can Lendingclub Bank, National Association close my account?

Does Lendingclub Bank, National Association Report to credit bureaus?

Does Lendingclub Bank, National Association Use Equifax?

What is Lendingclub Bank, National Association's ACH Routing Number?

What is Lendingclub Bank, National Association's SWIFT code?

Products

Does Lendingclub Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Lendingclub Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lendingclub Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Lendingclub Bank, National Association offer student loans?

Will Lendingclub Bank, National Association cash a check?

Will Lendingclub Bank, National Association redeem a savings bond?

Does Lendingclub Bank, National Association cash savings bonds?

Will Lendingclub Bank, National Association cash money orders?

Can Lendingclub Bank, National Association issue a money order?

Does Lendingclub Bank, National Association do currency exchange?

Background on The Bank

Who owns Lendingclub Bank, National Association?

How long has Lendingclub Bank, National Association been around?

Can Lendingclub Bank, National Association transfer to other banks?

Does Lendingclub Bank, National Association have quick pay?

Does Lendingclub Bank, National Association accept rolled coins?

Will Lendingclub Bank, National Association accept loose change?

Where is Lendingclub Bank, National Association headquarters?

Customer Reviews for LendingClub Bank, National Association


  • December 13, 2016 |

    Online Savings Rates

    This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

  • April 6, 2016

    Online Savings Rates

    Nice of them to keep lowering the rate by .04 at a time.

  • March 17, 2016

    Savings Rates

    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.

  • March 16, 2016

    Savings Rates

    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.

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*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.