Credit unions are facing pressure. Loan growth is slower. Member growth is lagging. Margins are thin, and funding is expensive.
Come learn from Ari Schlusselberg and Rich Kao, two experts in banking and credit, as they explore how credit unions can add yield without taking on too much risk. This webinar looks at unsecured personal loans as a practical option. LendingClub loans are short-term, high-yielding, and held by borrowers with strong credit histories. About 9% of Americans today carry a personal loan, often to pay down higher-rate credit card debt. Despite concerns about the economy, consumers remain stable. Unemployment is low, wages are growing, and inflation has eased.
LendingClub Bank gives credit unions direct access to this asset class. There’s no need to build a lending program or work through intermediaries. LendingClub does the origination and servicing. Credit unions can buy high-quality loans with a history of high performance through economic cycles.
By attending you will learn:
- Why unsecured consumer credit is a valuable underused asset class
- How macro trends like inflation, wage growth, and unemployment are affecting consumer health
- What makes LC’s personal loan borrowers lower risk and how their performance compares to peers
- Ways credit unions can use consumer credit to improve portfolio yield, liquidity, and diversification
- How LC enables direct access to consumer loans without the counterparty needing to build an in-house program
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