Arlington, VA (July 25, 2013) — National Cooperative Bank (NCB), a leading financial
services company dedicated to
serving cooperatives nationwide, originated over $127 million in new
loans for 663 residential unit owners by the end of the second quarter 2013.
pleased to report strong financing activity at the midyear point for our
residential lending teams throughout the country,” said Chris Goettke, NCB’s
Director of Residential Lending. “We attribute the number of loans to a
strengthening real estate market and still low interest rate environment,
leading more buyers to purchase a home or current owners to refinance and take
advantage of this attractive pricing.”
Lending activity highlights
around the country include $54.8 million for residents on the West Coast; $29.2
million in new loan originations in the DC Metropolitan area; $23.6 million for
the New York cooperative market; and $19.4 million to cooperatives located in
other markets throughout the US.
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 at coopbanking.
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
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.