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
News reports say House side of U.S. Capitol is closed due to "industrial spill," unclear how will effect day's proceedings.
58 minutes ago
Reminder: @TheNCUA's Listening Session tomorrow in Chicago. Capacity crowd expected for meeting at 1 p.m. CT. http://t.co/FYYuoHCdVJ
15 hours ago
Mortgage apps up 1.9% in @MBAMortgage's weekly survey http://t.co/QBzKWdnRkH
16 hours ago
Manage your household budget with these 5 @SavvyMoney tips from @MCUA_news's Halley Abbott on @FOX2now http://t.co/qaXIbnNktt
16 hours ago
Wash state's marijuana market open but still short of FIs to serve it via @NWCUA http://t.co/qwxCVEZbPG
17 hours ago