Washington, DC (May 21, 2012) —NCB, a leading financial services company serving cooperatives nationwide, honored the Iowa Credit Union League (ICUL) with the 2012 Stan Dreyer Spirit of Cooperation Award, recognizing those who live and work with the spirit of the cooperative principles. The award was accepted on behalf of ICUL by Sara Flynn and Mike Powers of The Members Group (TMG), a subsidiary of ICUL. The official presentation took place during the Bank’s annual meeting held on May 3rd in the Jefferson Building of The Library of Congress in Washington, D.C.
“We are pleased for the first time to present the Spirit of Cooperation award to a group of cooperatives—highlighting the sixth cooperative principle—cooperation among cooperatives,” said Charles E. Snyder, NCB President & CEO. “The ICUL is a shining example of the strength of cooperation among organizations, and during the International Year of Cooperatives, it seemed very fitting to honor them with this award.”
As corporate credit unions across the country faced challenges during the past several years, ICUL decided to search for better financial products and services for its members. They banded together and approached NCB to provide correspondent services. It took extensive planning and collaboration, and in the end combined the credit union members services with the financial strength of NCB, so credit unions of all sizes would continue to benefit from a high level of service and affordable access to deposits, loans and related correspondent services.
The collaboration between ICUL and NCB further highlights the mission of the 2012 International Year of Cooperatives, the United Nations declaration and global campaign to educate the public about the benefits of cooperatives. The success of this unique program between NCB and ICUL speaks to the benefits that arise from organizations that share cooperative values and collaborate to make a difference. This made ICUL the ideal choice to receive this cooperative award.
“We are honored to have received the 2012 Stan Dreyer Spirit of Cooperation Award,” said Sara Flynn, Vice President NCB Services for TMG. “We are so thankful that our collaborative partnership with NCB has provided great value to our Iowa credit unions for their correspondent banking needs.”
The Bank carefully selects the yearly recipient of The Stan Dreyer Spirit of Cooperation Award, named for Mr. Dreyer to ensure it’s given to an individual or organization who lives the spirit of the cooperative principles. Mr. Dreyer, who is now retired from NCB, was one of the people who instrumental in the passage of the Congressional Bank Act in 1978 which created NCB. The award is bestowed annually on an NCB employee or member-customer whose devotion and contribution to the cooperative community emulate those embodied by Mr. Dreyer. Among his long list of accomplishments, Mr. Dreyer served as Executive Director of NCBA and, in that role was the premier advocate to Congress in helping to pass the National Consumer Cooperative Bank Act, which created NCB. Throughout his career, his dedication to fostering the growth and success of cooperatives, nationally and internationally, has earned him widespread recognition and an enduring legacy.
NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.
The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.
The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities.
NCB is a proud supporter of the 2012 International Year of Cooperatives – a United Nations declaration and global campaign to educate the public about the benefits of cooperatives. “Cooperative enterprises build a better world” is the official slogan of The International Year of Cooperatives, and NCB is doing its part to build awareness of cooperatives in all fields of business.