LendingClub

Q2 2026 Quarterly Account Review

Review period: April 1 through June 30, 2026
Legacy account names: LendingClub Corporation and LendingClub Bank, N.A.
Current names: Happen, Inc. and Happen Bank, N.A.
Review status: Preliminary, pending USPS account data and account-name consolidation

1. Executive Account Summary

LendingClub completed a major corporate and consumer-brand transformation during Q2 2026. On June 22, LendingClub Corporation officially became Happen, Inc., LendingClub Bank became Happen Bank, and the company began trading on Nasdaq under the ticker HAPN. Existing customer accounts, products, login credentials, routing information, and banking services were unchanged by the rebrand.

The company operates a digital-first bank offering:

Personal loans.
Debt-consolidation loans.
Home-improvement financing.
High-yield savings accounts.
Checking accounts.
Auto-refinancing products.
Marketplace lending and loan-investor programs.

Happen Bank serves more than five million members and reported over $100 billion in lifetime loan originations. More than 90% of issued loans are automated.

Although the company is digital-first, it maintains several confirmed physical-mail channels:

Customer payments mailed by check to a USPS P.O. box in Los Angeles.
Overnight and two-day payments routed separately through a lockbox in El Monte.
Corporate and general correspondence mailed to its San Francisco headquarters.
Legal, regulatory, tax, investor, employment, servicing and compliance mail.
Returned or undeliverable customer correspondence.
Physical materials associated with the corporate rebrand.
Headquarters relocation and employee-office shipments.

The most important Q2 developments were:

Announcement and completion of the Happen Bank rebrand.
Change from the NYSE ticker LC to the Nasdaq ticker HAPN.
Launch of home-improvement financing through Wisetack.
Strong Q1 financial and loan-origination growth.
Opening of a new corporate headquarters at 88 Kearny Street in San Francisco.
Changes to corporate names, mailing addresses, customer communications, marketing and operational records.

Preliminary USPS assessment: The rebrand and headquarters move create an immediate account-management need. USPS should confirm that every permit, CRID, payment account, return address, BRM or CRM identifier, P.O. box, lockbox, mailpiece, vendor record and Salesforce account has been updated or correctly linked to Happen Bank. The strongest direct opportunities involve payment mail, regulated customer correspondence, address quality, Certified Mail, Priority Mail, returned-mail management and corporate relocation support.

2. Quarterly Performance Comparison

USPS account performance

Metric	Q2 2026	Q1 2026	Q2 2025	Change
USPS revenue	Unavailable	Unavailable	Unavailable	Not calculable
Total USPS mail volume	Unavailable	Unavailable	Unavailable	Not calculable
Package volume	Unavailable	Unavailable	Unavailable	Not calculable
Average revenue per piece	Unavailable	Unavailable	Unavailable	Not calculable
First-Class Mail volume	Unavailable	Unavailable	Unavailable	Not calculable
Certified Mail volume	Unavailable	Unavailable	Unavailable	Not calculable
Payment-mail volume	Unavailable	Unavailable	Unavailable	Not calculable
Priority Mail volume	Unavailable	Unavailable	Unavailable	Not calculable
Returned-mail volume	Unavailable	Unavailable	Unavailable	Not calculable
USPS product mix	Unavailable	Unavailable	Unavailable	Not calculable

Average revenue per piece should be calculated as:

USPS revenue ÷ total USPS mail and package volume

Separate measurements should be completed for:

Customer-payment mail.
Loan and servicing correspondence.
Deposit-account communications.
Legal and regulatory notices.
Certified Mail.
Corporate-office parcels.
Investor and tax documents.
Returned and undeliverable mail.
Rebrand-related communications.

The Project spreadsheet is required to calculate:

Q2 2026 versus Q1 2026 revenue and volume.
Q2 2026 versus Q2 2025 revenue and volume.
Percentage changes by USPS product.
Average revenue per mailpiece and package.
LendingClub versus Happen account attribution.
Old headquarters versus new headquarters activity.
Account engagement and agreement performance.
Returned-mail and payment-mail trends.

Public financial performance

Company metric	Q1 2026	Q1 2025	Change
Loan originations	$2.7B	$2.0B	+31%
Total net revenue	$252.3M	$217.7M	+16%
Net income	$51.6M	$11.7M	+341%
Diluted EPS	$0.44	$0.10	+340%
Total assets	$11.9B	Approximately $10.4B	+14%
Deposits	$10.2B	Approximately $8.9B	+14%

The company also reported record pretax income of $67.3 million and said more than 90% of issued loans were automated.

USPS interpretation: The company entered Q2 with strong growth and a larger customer and lending base. This could increase required correspondence and payment activity, but digital automation may reduce mail per account. Physical volume must therefore be measured directly rather than inferred from revenue or originations.

3. Important Changes and Trends

Corporate rebrand to Happen Bank

LendingClub announced the planned Happen Bank name on April 21 and officially launched the new company and bank brands on June 22. The new identity was applied to the website, mobile app, customer communications, advertising and other channels.

Potential USPS significance:

Mailing indicia and permits may require updates.
Return addresses may have changed.
Customer-payment envelopes may require replacement.
Legal notices must use the correct entity name.
Existing reply mail may still display LendingClub.
Vendors may have inconsistent account naming.
Returned mail could increase during the transition.
USPS revenue may be split between LendingClub and Happen records.
Customer confusion could affect mailed payments.

Headquarters relocation

Happen Bank opened its new headquarters at 88 Kearny Street in San Francisco, with a ribbon-cutting held May 19. The company had previously operated from 595 Market Street and now lists 88 Kearny Street, Suite 600 as its principal mailing address.

Potential USPS significance:

Corporate mail forwarding.
Address Change Service.
returned-mail monitoring.
vendor-address updates.
employee and equipment shipments.
new pickup and delivery requirements.
suite and tenant-mail coordination.
duplicate mailing addresses during the transition.

New home-improvement financing product

On April 27, LendingClub began underwriting and originating home-improvement loans through Wisetack, whose platform is embedded with more than 40,000 contractors. Loans of up to $65,000 are offered through contractor and merchant workflows.

Potential USPS significance: The program may increase:

Loan disclosures.
Adverse-action or approval notices.
servicing correspondence.
payment mail.
legal or compliance communications.
contractor and merchant materials.
customer-acquisition mail.

The product is primarily digital, so physical-mail requirements must be verified.

Digital automation continues to expand

LendingClub reported that more than 90% of issued loans were automated and that AI-supported tools improved personal-loan operational efficiency.

Potential USPS significance: Routine application and servicing communications may continue shifting online. USPS should concentrate on legally required correspondence, customer-elected paper communications, accountable mail and payment processing.

Payment mail remains active

Happen Bank publicly instructs customers mailing payments by standard USPS service to use a P.O. box in Los Angeles. FedEx and UPS overnight payments are routed to a separate lockbox in El Monte.

Potential USPS significance: USPS has a confirmed role in inbound payment mail. The account team should quantify:

Daily payment pieces.
Seasonal and monthly peaks.
processing time.
misdirected payments.
returned checks.
lockbox scan performance.
LendingClub-branded envelopes still in circulation.
payment-mail changes after the rebrand.

4. Relevant Company Developments

April 21, 2026: Happen Bank rebrand announced

LendingClub announced that LendingClub Bank would become Happen Bank during summer 2026. The company said the new name reflected its evolution from an online lender into a broader digital bank offering lending and deposit products.

USPS analysis: The announcement created a large customer-communication and operational-data project. USPS should determine whether any physical rebrand mailings occurred and whether all postal records were updated.

April 27, 2026: Home-improvement financing launched

LendingClub began underwriting and originating loans through Wisetack and invested in the company to support the partnership.

USPS analysis: This is a new customer-acquisition and servicing channel. Potential mail volume may be generated through LendingClub, Wisetack, merchants, contractors or servicing vendors.

April 27, 2026: Q1 financial results announced

The company reported $2.7 billion in loan originations, $252.3 million in net revenue and $51.6 million in net income.

USPS analysis: Strong business growth supports a review of payment mail, customer notices and servicing volumes, but does not prove USPS growth.

May 19, 2026: New headquarters opened

The company held a ribbon-cutting at its new headquarters at 88 Kearny Street in San Francisco.

USPS analysis: USPS should verify whether all mail forwarding, suite delivery, pickup, corporate accounts and vendor records transferred successfully from 595 Market Street.

June 2, 2026: Nasdaq transfer announced

LendingClub announced that its stock would move from the New York Stock Exchange to Nasdaq and trade under HAPN beginning June 22.

USPS analysis: Investor, governance, legal and corporate documents may have required updated branding, names and references.

June 22, 2026: Happen Bank officially launched

Happen, Inc. and Happen Bank officially replaced the LendingClub corporate and bank brands. Customer products and account credentials remained unchanged.

USPS analysis: This is the quarter’s most important account event. Account migration and postal-record validation should be treated as an immediate action.

5. Potential USPS Impact

First-Class Mail

Potential mailstreams include:

Loan disclosures.
servicing correspondence.
payment reminders.
deposit-account notices.
tax documents.
adverse-action notices.
regulatory communications.
privacy notices.
customer-requested paper statements.
returned-payment notices.
investor and corporate correspondence.

The degree of paper use was not publicly disclosed.

Customer-payment mail

Happen Bank directs standard mailed payments to:

Happen Bank, N.A.
P.O. Box 884268
Los Angeles, CA 90088-4268

Overnight FedEx and UPS payments use a different El Monte lockbox.

Potential USPS opportunities include:

First-Class Mail payment envelopes.
Business Reply Mail.
Courtesy Reply Mail.
lockbox coordination.
Intelligent Mail barcodes.
remittance-mail visibility.
address-quality monitoring.
rebrand transition support.

Certified Mail and accountable services

Potential applications include:

Regulatory notices.
loan-default or servicing notices.
legal correspondence.
employment documents.
vendor notices.
corporate governance materials.
real-estate and property-management correspondence.

USPS should determine whether the company currently uses Certified Mail, electronic return receipts, Priority Mail with signature, FedEx or legal couriers.

Priority Mail

Potential uses include:

Time-sensitive legal documents.
customer-service escalations.
employee equipment.
office and headquarters materials.
investor and board documents.
payment exceptions.
vendor and partner onboarding.
Wisetack program materials.

Ground Advantage

Potential Ground Advantage shipments include:

Employee equipment.
marketing materials.
branded materials.
office supplies.
event items.
replacement cards or devices where appropriate.
nonurgent corporate parcels.

Returned-mail management

The rebrand and headquarters move create elevated risk of:

Old LendingClub addresses remaining in databases.
Mail addressed to 595 Market Street.
Inconsistent Happen and LendingClub naming.
customer payments mailed to obsolete addresses.
undeliverable regulatory mail.
vendor records using legacy entities.
duplicate or delayed forwarding.

Potential USPS tools include:

Address Change Service.
ancillary service endorsements.
Move Update.
ACS reporting.
NCOA processing.
suite and ZIP+4 validation.
returned-mail analytics.

Headquarters operations

The current public contact page lists:

Happen Bank, N.A. at 88 Kearny Street, Suite 600, San Francisco.
Happen Bank, National Association in Lehi, Utah.
A Los Angeles USPS payment P.O. box.
An El Monte overnight lockbox.

Potential USPS significance: The account is a multi-location mail network rather than a single San Francisco office.

6. Opportunities

1. Consolidate LendingClub and Happen records

Search USPS and Salesforce systems for:

LendingClub.
LendingClub Corporation.
LendingClub Bank.
Happen, Inc.
Happen Bank.
595 Market Street.
88 Kearny Street.
Los Angeles P.O. Box 884268.
El Monte lockbox.
Lehi office records.

2. Audit the rebrand transition

Confirm updates to:

CRIDs.
permits.
payment accounts.
reply-mail artwork.
return addresses.
vendor records.
mail-owner and mail-preparer records.
USPS agreements.
billing names.
legal entity names.

3. Protect inbound payment mail

Quantify standard USPS payment volume and determine whether the Happen rebrand has caused misdirected or returned payments.

4. Headquarters address-quality review

Analyze mail still addressed to 595 Market Street and determine when forwarding or address-conversion support can be retired.

5. Review regulated customer correspondence

Identify legally required mail that remains physical despite the company’s digital-first model.

6. Certified Mail and signature review

Compare USPS accountable services with private carriers and legal couriers for notices requiring proof of mailing or delivery.

7. Wisetack program discovery

Determine whether home-improvement financing creates new:

customer mail.
contractor communications.
disclosures.
servicing notices.
payment envelopes.
partner onboarding kits.

8. Corporate parcel review

Analyze shipments among San Francisco, Lehi, Los Angeles, El Monte, New York, Boston, employees, vendors and business partners.

9. Mail-vendor mapping

Identify:

Print-and-mail vendors.
lockbox processors.
loan servicers.
fulfillment vendors.
tax-document vendors.
regulatory-mail providers.
legal counsel.
customer-communications platforms.

7. Risks and Concerns

USPS performance data were unavailable.
The account underwent a legal and brand-name change during Q2.
Postal revenue may be divided between LendingClub and Happen records.
The headquarters moved during the same period.
Customer payment envelopes may still display legacy information.
Digital automation reduces some traditional mail volume.
External lockbox, print and servicing vendors may control postage.
Regulated correspondence requires accurate entity names and addresses.
Returned mail could create customer-service or compliance concerns.
FedEx and UPS are confirmed competitors for overnight payment delivery.
The Wisetack partnership may use partner-controlled communications.
Current USPS agreements, mail volumes, vendors, service issues and previous commitments remain unknown.

8. Customer Questions

Should the USPS and Salesforce account now be named Happen, Inc. or Happen Bank, N.A.?
Which LendingClub accounts must remain active for legacy mail?
Have all CRIDs, permits, payment accounts and agreements been updated?
What were Q2 2026 USPS revenue and volume compared with Q1 2026 and Q2 2025?
How much volume is attributed to LendingClub versus Happen?
How many customer payments arrive through the Los Angeles P.O. box?
Did mailed-payment volume change after the rebrand?
Are customers still mailing payments to old addresses?
Who operates the Los Angeles lockbox?
Which print and mail vendors produce customer correspondence?
What types of notices are still mailed physically?
Which mail requires Certified Mail or proof of delivery?
How much mail is still addressed to 595 Market Street?
Have there been forwarding, suite-delivery or returned-mail problems at 88 Kearny?
What mail or parcels originate from the Lehi office?
Does the Wisetack partnership create physical customer or contractor communications?
Which carrier handles employee equipment and corporate parcels?
Are there known USPS delivery, pickup, lockbox, scanning, billing or return-mail issues?
When does the current USPS pricing agreement expire?
Which commitments from the previous QAR remain open?

9. Recommended Actions

USPS actions

Retrieve Q2 2026, Q1 2026 and Q2 2025 USPS revenue and volume.
Consolidate LendingClub and Happen Salesforce records under a documented parent-child structure.
Validate all legal entities, addresses, CRIDs, permits and payment accounts.
Audit the Happen rebrand across every USPS mailstream.
Review payment-mail volume and Los Angeles lockbox performance.
Identify all print, mail, lockbox, servicing and fulfillment vendors.
Analyze returned and forwarded mail from the headquarters move.
Review First-Class Mail and Certified Mail usage.
Compare Priority Mail with FedEx, UPS and legal couriers.
Review corporate parcels and employee-equipment shipments.
Determine whether the Wisetack partnership creates new postal activity.
Confirm pricing-agreement expiration and renewal requirements.
Document service issues, previous commitments, responsible parties and due dates.

Recommended customer follow-up

Schedule a QAR involving:

Corporate procurement.
Facilities and workplace operations.
Customer servicing.
Deposit operations.
Payment processing and lockbox management.
Compliance.
Legal.
Marketing and brand operations.
Investor relations.
Finance.
Information technology.
Print and mail vendors.

The first discussion should focus on account-name migration, payment mail, the headquarters move, returned mail, regulated correspondence and vendor ownership.

10. Salesforce-Ready Account Update

Q2 2026 QAR: LendingClub completed a major corporate transformation during Q2. LendingClub Corporation became Happen, Inc., LendingClub Bank became Happen Bank, and the company began trading on Nasdaq under HAPN on June 22. The company also opened a new headquarters at 88 Kearny Street in San Francisco and launched home-improvement financing through Wisetack.

Happen Bank reported strong Q1 results, including $2.7 billion in loan originations, up 31% year over year, $252.3 million in net revenue, up 16%, and $51.6 million in net income.

The company remains digital-first, but confirmed physical mail includes customer payments sent by USPS to a Los Angeles P.O. box, corporate correspondence to San Francisco, and potential legal, regulatory, tax, servicing and customer notices.

Potential USPS opportunities include payment-mail retention, LendingClub-to-Happen account consolidation, address-quality support, headquarters-move cleanup, First-Class Mail, Certified Mail, Priority Mail, returned-mail management and review of new Wisetack-related communications.

Risks: USPS performance data were unavailable. The simultaneous rebrand and headquarters move create account-attribution, address, return-mail and customer-payment risk. External vendors may control significant mail volume, and digital automation continues reducing routine paper communications.

Next steps: Retrieve USPS performance, consolidate legacy and new account names, audit permits and return addresses, quantify payment mail, identify mail vendors, review headquarters forwarding and returned mail, and schedule a cross-functional account meeting.

Follow-up date: Not provided.

11. Information Required to Finalize the QAR

Correct current Salesforce account name.
LendingClub and Happen parent-child account structure.
Q2 2026 USPS revenue and volume.
Q1 2026 USPS revenue and volume.
Q2 2025 USPS revenue and volume.
Average revenue per piece.
USPS product-level activity.
Payment-mail volume.
First-Class Mail volume.
Certified Mail volume.
Returned-mail volume.
Print-and-mail vendors.
Lockbox operator.
Corporate parcel volume.
Headquarters forwarding data.
Wisetack-related mail volume.
Current USPS pricing agreement.
Agreement expiration date.
Known service issues.
Previous commitments.
Open opportunities.
Last meeting date.
Next action and follow-up date.

12. Sources

LendingClub, April 21, 2026: Announcement that LendingClub Bank would become Happen Bank.
LendingClub, April 27, 2026: Q1 2026 results, including loan originations, revenue, net income, deposits, assets and automation.
LendingClub, April 27, 2026: Launch of home-improvement financing through Wisetack.
San Francisco Business Times, May 21, 2026: Opening and ribbon-cutting of the new headquarters at 88 Kearny Street.
LendingClub, June 2, 2026: Planned Nasdaq transfer and HAPN ticker change.
Happen, June 22, 2026: Official launch of Happen Bank and Happen, Inc., with confirmation that existing customer accounts and services were unchanged.
Happen Bank corporate contact page, reviewed June 30, 2026: San Francisco and Lehi offices, USPS payment P.O. box, overnight lockbox and corporate mailing address.

Lending Club