NCB is not your typical financial institution. We have an uncommon mandate to ensure our efforts benefit those most in need. We have provided more than $5.5 billion in capital to support underserved communities and cooperative expansion initiatives. Our impact is all thanks to your investment in NCB.
In 2015, NCB committed $290 million to initiatives serving low and moderate income communities in the following impact sectors:
Housing- $170.3 million for housing cooperatives, unit loans and affordable housing initiatives nationwide.
Community Development & Expansion: $56.1 million to finance commercial real estate in low and moderate income areas and organizations focused on economic development.
Renewable Energy- $33.8 million to fund solar energy systems serving low to moderate income communities.
Food- $10.1 million to expand access to healthy food in low and moderate income communities.
Small Business- $9.5 million to help small businesses thrive including our participation in the SBA loan program.
Alaska/Native Organizations- $2.0 million to support businesses owned by Native Organizations.
Investments & Grants- $8.4 million to support entities serving low to moderate income communities and new cooperative development.