National Cooperative Bank Receives Bank Enterprise Award from CDFI Fund
Arlington, VA- (August 24, 2017) National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, was recently awarded the top level Bank Enterprise Award (BEA) from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The award recognizes financial institutions commitment to serving low- income communities.
The award requires financial institutions to demonstrate support to community and economic development activities in census tract areas where at least 30 percent of the population lives at or below the national poverty level and where the unemployment rate is at least 1.5 times the national average.
“We are honored to receive this recognition from the CDFI Fund”, stated Charles E. Snyder, President and Chief Executive Officer of NCB. “NCB’s mission is to support and be an advocate for America’s cooperatives and their members, especially in low-income communities. The funds we receive from the Bank Enterprise Award will allow us to work with CDFIs nationwide to spur impact in low-income communities.”