National Cooperative Bank (NCB) provides comprehensive banking products and services to community associations; including housing cooperatives, condominium associations and homeowner associations throughout the country. With over 30 years of industry experience, NCB provides services to more than 3,000 housing communities nationwide, working with over 500 property management companies. We are the largest lender to cooperative housing communities in New York City and one of the largest lenders to condominium and homeowners associations in the country.
In 2015, NCB originated $694 million to housing communities for capital improvement repairs and to refinance existing debt. NCB’s current portfolio for community associations consists of 4,500 checking and saving accounts totaling $400 million in deposits and 4,300 loans totaling $5.8 billion in assets under management. Our tenured staff and reputation in the marketplace makes NCB the bank of choice for community associations.
Through September 30, 2016, NCB reported consolidated earnings of $13.5 million. Total assets as of September, 30, 2016 were $2.3 billion and total deposits were $1.8 billion.
Headquartered in Washington, DC, NCB has offices in Alaska, California, New York, Ohio and Virginia.