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
Why is a #creditunion a good fit for you? http://t.co/i4pGT98mkT via @MONEY
8 hours ago
The numbers are in: Home Depot data breach impact on #creditunions = $57.4 million, 7.2 million credit/debit cards http://t.co/jorYSOYuxj
9 hours ago
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
12 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
12 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
12 hours ago