Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Zopa withdraws from U.S. marketplace
LONDON (10/13/08)--Peer-to-peer lender Zopa has pulled out of the U.S. marketplace, the lender announced on its website Thursday. Six credit unions had partnered with the online lending initiative last year. “The U.S. has been adversely affected in a way that just couldn’t have been predicted when we launched in the U.S.,” Zopa said on its blog. “[It] is no way the fault of our partners.” Zopa’s U.S. customer deposit accounts are insured by the National Credit Union Administration up to $250,000, and servicing of those accounts and loans will be assumed by the credit unions within 90 days, Zopa said. The six credit unions that partnered with Zopa include:
* Addison Avenue FCU, Palo Alto, Calif.; * Affinity Plus FCU, St. Paul, Minn.; * FirstTech CU, Beaverton, Ore.; * FORUM CU, Indianapolis; * Provident CU, Redwood City, Calif.; and * USA FCU, San Diego.
Other Resources

RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
13 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
14 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
14 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
14 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
16 hours ago