Washington, DC (April 22, 2013) — National Cooperative Bank (NCB), a
leading financial services company dedicated to providing banking products to
cooperatives nationwide reported during 2012, it committed and deployed $232
million to initiatives serving low and moderate income communities in the
following impact sectors:
$155.4 million for
housing cooperatives, mortgages and share loans and affordable housing
$35.2 million to support independent business owners.
million to preserve and expand affordable healthcare.
Community Development & Expansion
$21.3 million to finance community organizations focused on economic
$7.1 million to support small businesses including our participation in the SBA
$1.5 million to support entities serving low to moderate income communities.
$500,000 to fund solar energy system serving low to moderate income
“We are extremely proud to report another successful year for
NCB’s impact banking efforts. As a mission focused institution, we have an
uncommon mandate to ensure our efforts benefit those most in need, and we’re committed to dedicating even more resources to underserved
communities and cooperative expansion initiatives in the coming year,” said
Charles E. Snyder, President and CEO of National Cooperative Bank.
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, National Cooperative Bank on Facebook, or on Twitter
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.