Arlington, Va. (May 20, 2014) — National
Cooperative Bank (NCB), a leading financial institution dedicated to providing
banking solutions to cooperatives nationwide, is proud to announce that Barry
Silver, an Executive Vice President, was inducted to the Cooperative Hall of
Fame. Mr. Silver, and three other honorees, received the cooperative
community’s highest honor at the Cooperative Hall of Fame Ceremony held on May
8, 2014 at the National Press Club. He joins a select group of individuals who
have been recognized for their dedication to fostering cooperative enterprises
cooperatives has been a career-long commitment, and I’m honored to join such a
prestigious group of members in the Cooperative Hall of Fame,” said Mr. Silver.
“I’m proud to work for an organization dedicated to fostering and promoting the
growth of this sector. We continue to challenge ourselves, and our peers to
identify new programs and initiatives that will further these efforts and
continue to expand the cooperative model.”
Since joining NCB in 1980,
Mr. Silver has been an unstoppable force within the Bank and industry in the development
of cooperative programs. A walking educational resource, he is renowned for
finding new and innovative ideas that benefit the cooperative community. Over the past 34 years, he has helped
thousands of cooperatives obtain financing to succeed in business.
Mr. Silver is also
responsible for founding the NCB Co-op 100,
the annual listing promoting the financial impact the country’s cooperatives
have on the economy. Now, 20 years later, The Co-op 100 still remains the only annual report of its kind to track
the profits and success of cooperative businesses in the United States. The
report was also the inspiration for the International Cooperative Alliance’s
creation of the Global 300 report.
As a consultant for the World Bank in China, Mr. Silver worked with
agricultural cooperatives for four years, mainly involved in the improvement of
water irrigation systems for farmer cooperatives in the country. He was tasked
with assessing new cooperatives in five regions and educating leaders in the
agricultural sector. Additionally, Mr. Silver has partnered with USAID on cooperative
and capital enhancement projects in Peru; offered cooperative education to credit unions in the Dominican Republic; and is
active in the expansion of Spain’s Mondragon Cooperative to the U.S.
While Mr. Silver is highly
dedicated to the growth and development of NCB and its programs, he also
demonstrates a strong passion for volunteering with organizations in the
cooperative sector. He served on the
Advisory Board of Group Health Association, was a member of the advisory board
to the National Grocers Association; and was the Vice Chairman of the Sollars
Fund, which provides financial grants for international co-op projects. Mr. Silver also served as the Treasurer of the Board for 12
years of the National Multicultural Institute, a non-profit dedicated to
teaching and integrating diversity in the workplace; and currently
serves as a board advisor for the Cooperative Development Foundation.
Mr. Silver has also taken
his experience and knowledge of cooperatives to an international level. He
currently serves as a board member of the International Cooperative Alliance,
ACI Americas section; is a member of the COFIA board, which is dedicated to the
development of co-op banks and credit unions in the Americas; and was recently
elected to the executive committee of ACI Americas, representing cooperatives
from the United States.
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 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, National
Cooperative Bank on Facebook, or on Twitter @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 organizations.