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
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
4 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
8 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
8 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
9 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
9 hours ago