Washington, DC (October 27, 2011) —NCB, a leading financial services company dedicated to serving cooperatives, is proud to announce that Bank President and CEO, Charles E. Snyder is one of the 2012 Cooperative Hall of Fame inductees. Mr. Snyder, and three other honorees, will be recognized with this distinction for their dedication to fostering cooperative enterprises nationwide. The highest honor to be bestowed in the cooperative sector, Mr. Snyder will join a select group of individuals who have made substantial contributions to this community.
“I’m extremely honored and humbled to be inducted into the Cooperative Hall of Fame,” said Mr. Snyder. “To be in the company of these individuals who shape and foster the expansion of cooperative communities nationwide, is exciting. I hope to continue to do my part to find innovative ways to support the cooperative sector in the years to come.”
Since joining NCB in 1983, Mr. Snyder has played a transformational role in navigating the Bank through its early years, and throughout its evolution into the complex and successful financial institution it is today. Mr. Snyder helped the Bank maintain its commitment to socially-responsible banking, and has been instrumental in other leadership roles for the cooperative sector. Most notably he has aided in the growth of the purchasing/shared services co-op sector, the establishment of the dot.coop domain name, and the development of successful marketing pieces, like the NCB Co-op 100, that give cooperatives valuable exposure to new audiences.
For almost 20 years and through numerous economic cycles, Mr. Snyder has led the Bank and its affiliates through challenging times while at the same time strengthening existing cooperatives and nourishing new market development. He is responsible for NCB’s commitment to Mission Banking, which in 2010 alone accounted for $347 million in direct lending, investments and facilitation of creative transactions to support low- to moderate-income communities.
As a strong and vocal advocate for cooperative values and principles, Mr. Snyder has consistently looked for opportunities to advance cooperatives in all sectors and has risen to their defense when cooperatives and their business model have been threatened. A passionate believer in innovation and collaboration, he has served on numerous cross-sector task forces, boards and leadership roles. He serves on numerous boards, including the Consumer Federation of America and the National Cooperative Business Association, a membership association representing every type of cooperative in America. In September 2007, he was recognized with the Jerry Voorhis Award, the National Association of Housing Cooperative's most prestigious honor. This award recognizes Mr. Snyder for his longstanding work of promoting and preserving cooperative housing.
The Cooperative Hall of Fame is administered by the Cooperative Development Foundation (CDF), the 501(c)(3) non-profit affiliate of the National Cooperative Business Association (NCBA). Nominations are received annually from throughout the cooperative community, with the final selection made by the NCBA Board of Directors on the recommendations of a selection committee of national cooperative leaders.
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.