Related Party Transactions

9 Months Ended

Sep. 30, 2013

Related Party Transactions

6. Related Party Transactions

Several of our executive officers and directors (including immediate family members) have opened investor member accounts with LendingClub, made deposits and withdrawals to their accounts and funded portions of Member Loans via purchases of Notes and Certificates. 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 investors.

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

	For the nine months ended September 30, 2013				As of September 30, 2013		As of December 31, 2012
Related Party	Deposits		Withdrawals		Account Balance		Account Balance
Executive Officers	$	—	$	20	$	38	$	39
Directors		1,868		297		5,042		3,105
	$	1,868	$	317	$	5,080	$	3,144