Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions

6. Related Party Transactions

Our executive officers and directors (including immediate family members) have opened investor member accounts with LendingClub and have made deposits and withdrawals to their accounts, and funded portions of borrowers’ loan requests from time to time in the past via purchases of Notes and Certificates, and may do so in the future. All Note and Certificate purchases made by related parties were conducted on terms and conditions that were not more favorable than those obtained by other LendingClub Note or Certificate purchasers.

The following table summarizes deposits and withdrawals made by related parties for the six months ended June 30, 2013 and ending account balances as of June 30, 2013 and December 31, 2012 (in thousands).

	For the six months ended June 30, 2013				As of June 30, 2013		As of December 31, 2012
Related Party	Deposits		Withdrawals		Account Balance		Account Balance
Executive Officers	$	—	$	14	$	38	$	39
Directors		1,368		195		4,428		3,105
	$	1,368	$	209	$	4,466	$	3,144